Two-wheeler prices are likely to rise by 10-25 per cent on account of higher premiums on insurance and commodity prices, mandatory safety regulations and BS-VI emissions that kick in from April 1, 2020.
The five-year (2015-16 to 2020-21, or FY21) compound annual growth rate (CAGR) of the overall auto industry is now negative at 2 per cent, against 5.7-per cent growth it saw in the previous five years (from 2010-11 to 2015-16).
The figures are encouraging for the auto industry amid apprehension that due to higher cost and lack of fuel availability, cars with stricter emission standards may not be popular in initial stages. Automakers had even cited this confusion as one of the reasons for dwindling car sales in India, reports Arindam Majumder.
The lockdown in Maharashtra will have a catastrophic impact on April sales, as dealers will not be able to realise the potential of festivities like Ugadi, Gudi Padwa, Baisakhi and Poila Boishakh.
The attack also refreshed the memories of a virus attack on an Iranian nuclear facility.
India, Taiwan and countries with large numbers of Tibetans, Uyghurs and overseas Chinese will be prominent among those that witness elevated United Front activity, notes Jayadeva Ranade, the distinguished China expert and retired RAW officer.
'It is going to be extremely rapid and anybody who is not there, be it investor, manufacturer, supplier, will miss out.'
Maruti's compact segment comprising New WagonR, Swift, Celerio, Ignis, Baleno, Dzire, and utility vehicles, including Gypsy, Ertiga, XL6, S-Cross and Vitara Brezza saw robust sales, while the mini segment comprising Alto, S-Presso and Old WagonR saw negative growth.
The company, which unveiled its compact multi-purpose vehicle Triber in India, is bringing the MPV only in petrol engine option as part of the strategy even as it prepares to introduce electric vehicles in the near future.
Chandrashekar Kakal was operational head of the India business unit.
The poor deployment of WLATMs has tripped what the central bank sought to achieve back in 2012.
The Pune-based company sells the Platina and CT brands in the entry-level - 100-110cc - segment.
Maruti's exports in May were down 2.4% at 9,089 units
Retail sales of passenger vehicles - the largest component of the pie - jumped 11 per cent year-on-year in October to 248,036 units, largely because of discounts offered during Navratri and Diwali.
The automaker said that production at the Renault Nissan Alliance Plant, where Nissan, Renault and Datsun brands are manufactured, had gone up by 15 per cent and was expected to increase further on the back of increasing export orders.
The government will issue Sovereign Gold Bonds (SGBs) in six tranches beginning April 20, the Reserve Bank of India said on Monday. The bonds will be denominated in multiples of gram(s) of gold with a basic unit of 1 gram and the tenure of the SGB will be eight years with exit option after fifth year to be exercised on the interest payment dates.
Sales of four- and two-wheelers almost halved in August, compared to the equivalent month last year.
Top companies have grabbed a bigger pie of their sectors in the pandemic period, leading to a further rise in market concentration in many industries as measured by the Herfindahl-Hirschman Index (HHI). The HHI score, which indicates competitive intensity in an industry (or a lack of it), reached a new high in FY21 as bigger firms raised their revenue market shares either organically or through mergers and acquisitions. A higher HHI score indicates a rise in market concentration in favour of a few firms while a lower score means that the industry's revenue is more evenly divided among many companies
The right investment at the right age will help you enjoy a secured post retirement life.
Passenger vehicle sales continue to drop in June; Maruti, Hyundai, Tata Motors, Toyota witness decline. Mahindra & Mahindra, however, reported a 4 per cent growth.
Be it the name, the design and communication campaign and the engagement processes being imagined between the brand and its buyers, the company is casting its cars in a new mould, reports T E Narasimhan.
A steady climb in volumes has helped the company double its market share in the segment to 5 per cent in the first six months of the financial year from the year-ago period and it has now set its sights on a 10 per cent share in the next two years.
The US president announced the move during his first State of the Union address, reversing his predecessor Barack Obama's decision to close the controversial site "as soon as practicable".
Cumulative sale at India's top six passenger vehicle (PV) makers dropped 0.7 per cent to 267,000 units, from 269,000 a year before.
Vehicle sales across categories registered a decline of 8.62 per cent to 20,86,358 units from 22,83,262 units in May 2018.
The World War II veteran earned himself a knighthood after raising some 33 million for health service charities.
The United States cannot expect India to surrender its vital interests for the sake of the Americans on the issue of Pakistan's aggression on the Line of Control. Once India makes clear to the international community where it gets off, the so-called pressure that is likely to be brought on India will disappear, says Sushant Sareen
Metal prices from copper to aluminum and tin have shot up by about 7-32 per cent in the past three months.
Diamond Sodhi, a management graduate from the USA and visa expert, speaks about the various aspects of US education Indian students need to be aware of.
The Diamond Jubilee of Queen Elizabeth II is the international celebration throughout 2012 marking the 60th anniversary of the accession of Queen Elizabeth II to the thrones of seven countries upon the death of her father, King George VI, on February 6, 1952.
Air pollution is the third highest cause of death among all health risks in India, ranking just above smoking.
Smarpthone sales to end users reached 54.3 million units, an increase of 48.7 per cent from the first quarter of 2009.
Chelsea were heading for defeat against Fulham, but Drogba levelled with a 73rd-minute header before a Chris Smalling own goal gave them the win that re-opened their five-point lead over Manchester United, albeit with an extra game.
Veerappa Moily was forced to defer the Judges (Declaration of Assets and Liabilities) Bill, 2009 after the Opposition, including the Bharatiya Janata Party and Left, took strong objection to Clause VI of the Bill which states that High Court and Supreme Court Judges would declare their assets but the same would not be made public.
The first half of 2019-20 will be under pressure, since prices are expected to go up by Rs 7,000-8,000 at a time when sentiment is poor.
Even as domestic passenger car sales declined 29.4 per cent between April and August this year, exports grew 6.5 per cent, partially cushioning the blow from slowing sales.
about the recent remarks by Deputy Secretary of State James Steinberg assigning a major role for China in South Asia and saying that India has a role to play in East Asia, National Security Advisor Shiv Shankar Menon said that in today's globalised world, this was no big deal
Morgan Stanley Sales & Trading, US, believes the stock is better value for money than others and has a upside as high as 73 per cent. A slowdown in the economy has hit demand and led to a fall in overall consumption in an auto market which till recently was one of the fastest growing in the world.
The 93-year-old British monarch and Head of the 54-member Commonwealth of nations which includes India, acknowledged the grief, pain and financial difficulties being faced the world over during this "time of disruption" and expressed the hope that the whole world was uniting in a 'common endeavour'.
Mahindra is desperate for a best-seller in the compact SUV space, on which it missed the bus
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