'We are working with a few housing finance companies to drive affordable lending because that's where we believe our sweet spot is.'
Maruti Suzuki India (MSI) and Hyundai posted single-digit growth in domestic sales in June, even as the overall passenger vehicle segment crossed the 20 lakh units sales mark for the first time-ever in the first half this year. Toyota Kirloskar Motor reported a double-digit growth in dispatches to dealers, while Kia saw a dip in wholesales last month. MG Motor India also reported a double-digit increase in retail sales in June 2023 compared to the same month last year.
Gautam Adani on Tuesday said his ports-to-energy conglomerate never slowed or stopped investing in the country as the group's success is based on its alignment with the India growth story. Speaking at the annual shareholder meeting of the group companies, he said the previously announced $70 billion investment in new energy business will help turn India from being a net importer of oil and gas to an exporter of clean energy. "Never have we walked away from investing in India, never have we slowed our investments," he said. "We believe our scale, our diversified business, and our track record of performance positions us very strongly to continue to perform well in a variety of market conditions."
Maruti and Hyundai favoured among used car buyers
Top Australian women cricketers could earn more than A$1 million ($666,600) a year with increases from a new pay deal.
Among the 44 per cent of Indian students who have used Gen AI in their studies, 60 per cent say it helps them learn faster, 55 per cent say it allows them more creative use of learning, while 51 per cent say it frees up their time.
'He only promotes those leaders who will never show any resistance to him in future.'
'If he has not achieved 'Congress mukt Bharat' even now, the question of his creating a 'DMK mukt Tamil Nadu' does not arise,' points out N Sathiya Moorthy.
Close to 60 per cent models that Kia sells in India are top trims of the models. In line with its global strategy, the India arm of South Korean major Kia has dropped 'Motors' from its name. This is to reflect the transition from an automaker to a provider of advanced and eco-friendly mobility solutions, the company said. With a new brand identity and slogan, the fourth-largest car maker in India by sales aims to accelerate growth and strengthen its premium positioning.
Jeetega Bharat has selected 125 Lok Sabha seats across the country where it will assist the Opposition alliance.
"When the matter reaches the SC collegium, there is a fully perfect situation, whether the name be accepted or not to be accepted. It's not as if it is a whimsical exercise taken by someone. It's a fool proof arrangement," he said.
German carmakers Audi, BMW and Skoda launched their dazzling new models at the Auto expo, in New Delhi, on Tuesday.
'The pitch for India is flat, the ball for India is old, the sun for India is out, and the bowlers are not bowling too well.' 'I think only we can get ourselves out.'
In switching over, Nitish has sent out a message that if he could not now become the NDA's PM, then he would need to stay on as CM at the very least, which a third term for Modi would not let him have, N Sathiya Moorthy points out.
Czech automaker Skoda is planning to introduce as many as eight models in the next five years to make India amongst the top-five of its global markets.
There is a "very real possibility" that Pakistan will boycott this year's World Cup in India if they lose hosting rights to the Asia Cup
The head of Committee of Administrators (COA) Vinod Rai expressed his confidence that the Board of Control for Cricket in India has reached consensus after almost all the top cricket board chiefs have come to India in the last two weeks to discuss the proposed revenue model of International Cricket Council.
Bangladesh batsman Mahmudullah Riad on Tuesday said he is a Mahendra Singh Dhoni fan and wants to bat like the charismatic Indian captain.
Mumbai-based model and design graduate Ritu Rathod gets candid.
India is a market for low-priced cars with low running costs. The global majors don't have models that fit the bill; only Maruti and Hyundai have successful entry-level models, observes T N Ninan.
With the ODI World Cup said to be held in India, ICC sources revealed that Pakistan prefers to play in only the two Indian cities they've felt safe in before.
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Country's largest car-maker Maruti Suzuki India continues its dominance on the Indian roads, with its four models, led by entry-level small car Alto.
Mercedes-Benz India, BMW India and Audi India have lined up over 50 new model launches as they seek to recoup previous year's loss in volumes, reports Shally Seth Mohile.
The World Photography Organisation has revealed the winners for the Sony World Photography Awards 2024.
Bajaj Auto, the king of the market for CNG-powered passenger three-wheelers, now wants to replicate this dominance in two-wheelers. The difference is that while the former is zooming - registrations for CNG-powered passenger three-wheelers nearly doubled during January-December 2023 - the latter, meaning a market for CNG-powered two-wheelers, does not exist.
This young, beautiful and talented girl from the Assam, India is sure to melt your heart.
These girls will be raising temperatures as they sashay down the ramp for Lakme Fashion Week. Vote for your favourite!
Amphibious drones for maritime inspection... devices that extract pure oxygen from water for patients in need... self-balancing electric bikes...
It's no surprise that they both rock a platinum look.
'If you want it to grow well and serve the true needs of the economy, it needs a lot of freedom and flexibility, which comes in terms of the reform objective set by the regulator.'
Excerpted from Sahara: The Untold Story by Tamal Bandyopadhyay.
Sukanya Verma recaps everything we learned this year in showbiz.
Having established its presence in the country, luxury carmaker Lexus is now looking to chart its next phase of growth in India as it looks to consolidate sales network and drive in new models, including fully electric cars in the country, according to a top company official. The company, which is the luxury car arm of Japanese auto major Toyota, initiated operations in India in 2017 and currently sells seven models in the country, including the locally-produced ES 300h sedan. Known for its self charging hybrid cars, the company is now gearing up to drive in battery electric vehicles, besides ramping up its existing product portfolio in the market.
Before assuming charge of the CDS, Gen Chauhan paid tributes to India's fallen soldiers at the National War Memorial in the India Gate complex.
Passenger vehicle exports from India increased 43 per cent in FY22, with Maruti Suzuki India leading the segment with dispatches of over 2.3 lakh units, as per the latest data by industry body SIAM. The total passenger vehicle (PV) exports stood at 5,77,875 units in 2021-22 fiscal, as compared to 4,04,397 units in 2020-21. Passenger car shipments saw 42 per cent growth at 3,74,986 units, while utility vehicle exports rose 46 per cent at 2,01,036 units during the last fiscal, the data by the Society of Indian Automobile Manufacturers (SIAM) showed.
Do you have financial planning queries? Ask rediffGURU Anil Rego.
Mutual funds (MFs) are lining up distinguished new fund offerings (NFOs) for the next financial year to win over investors after a lukewarm response to product launches in the 2022-23 financial year (FY23). NFOs drew a lukewarm response in FY23 as launches were mostly in the passive debt space, which has a comparatively lower popularity among retail investors. The limited launches in equity space also failed to rake in huge sums due to subdued investor sentiments in a volatile market.
Xiaomi topped the chart as the most sold smartphone brand by its users with 26 per cent share, followed by Apple (20 per cent), Samsung (16 per cent), Vivo, and Motorola (6 per cent each) among others, it said. Most smartphones sold by users were in the sub-Rs 10,000 brackets, it added. Among models, the iPhone 7 was the hottest selling model along with some other models as well as Redmi Note 4 and OnePlus 6 during the year. The number of smartphone repairs was the highest in Delhi in 2020.
Reliance Industries Ltd will acquire German firm Metro AG's wholesale operations in India for Rs 2,850 crore as the conglomerate run by billionaire Mukesh Ambani seeks to strengthen its dominant position in India's mammoth retail sector. "Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Ltd, signed definitive agreements to acquire a 100 per cent equity stake in Metro Cash & Carry India for a total cash consideration of Rs 2,850 crore, subject to closing adjustments," said a joint statement. Through this acquisition, Reliance Retail will get access to a network of Metro India stores located in prime locations across key cities, along with a large base of registered kiranas and other institutional customers, and a strong supplier network.
With only a handful of models by a few manufacturers including Tata Nexon, MG ZS, Hyundai Kona, among others, the segment has remained under tapped.
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