Stepping up the competition in the electric vehicle (EV) market, JSW MG Motor on Wednesday launched its electric crossover sport utility vehicle (SUV) Windsor with a new and 'aggressive' pricing model, an assured buyback plan, a lifetime battery warranty, and free public charging for one year. Under this new battery-as-a-service (BaaS) pricing model, customers can purchase the Windsor at a starting price of Rs 9.99 lakh (ex-showroom) and then pay a battery usage fee of Rs 3.5 per kilometre (km).
When the novel coronavirus outbreak hit China in late December and January, the government sprang into crisis mode. Hard-hit cities like Wuhan, where the outbreak began, went into complete lockdown. Millions worked from home or self-quarantined for weeks on end. New hospitals were built in a matter of days to treat the sheer number of patients. People who broke quarantine rules or lied about their travel history were detained. Soon, the virus spread over the globe, with many countries banning movement of citizens to some ordering sanitisation of public spaces. Take a look.
The company is eyeing sales of 8,000 units per month for the Kylaq, which starts at Rs 7.89 lakh (ex-showroom) and boasts 96 per cent localisation.
Domestic passenger vehicle (PV) sales saw a significant growth in October due to increased availability of semiconductor chips and rising consumer confidence. The sales figures during the month - which coincided with the first post-Covid festival season - released by the top ten carmakers saw a jump of 30.7 per cent to 322,885 units in October. Auto companies count wholesales - units dispatched to dealers - as sales.
Amid a rush of sport utility vehicle sales, Volkswagen is betting on its premium mid-sized sedan - the Virtus - to gain market share in India. The Volkswagen Virtus is the second product under the India 2.0 project being developed on the MQB-A0 IN platform, with up to 95 per cent localisation levels. In February, the company registered an 84 per cent year-on-year growth in sales, primarily driving on the Taigun it launched last year.
Strict lockdown-like restrictions are already in place in the southern stateand the Pinarayi Vijayan government decided to clamp the complete shutdown in the wake of severe spike in the positive cases.
Though startups find 17 mentions in the Budget speech of the finance minister, and have been promised tax exemptions, the reality is that only 2 per cent of the 4,648 applications received from startups for income tax exemption had been approved as of February 2019, according to an answer to a Parliament question. As India's startup space bubbles with activity - new, young players are tapping into opportunities opening up - there are local anti-portfolio stories circulating about investors missing opportunities in 'unicorns', or companies that have reached valuation of $ 1 billion, says Vandana Gombar.
The police lodged a suo motu case against unknown persons in connection with their involvement in the mishap, a police officer said.
Data available from top six players - Maruti Suzuki, Hyundai, M&M, Tata Motors, Honda and Toyota - shows an average growth of about 42 per cent for the industry in June
Dealer despatches will probably be a good signal of economic turnaround or further deterioration, says Devangshu Datta.
The conversion from ownership to taxi hiring services is gaining ground.
The new Honda Amaze breaks free from its Brio moorings, and is designed to wow, says Rajesh Karkera.
As the United States withdraws its forces from neighbouring Afghanistan, the Obama administration has armed Pakistan with 14 combat aircraft, 59 military trainer jets and 374 armoured personnel carriers, an internal Congressional report has said.
GM has invested $1 billion in the country since 1996.
If you opt for a petrol variant, you will need to reapply for loan.
A partial United States government shutdown over President Donald Trump's demand for $5.7 billion to build a wall along the US-Mexico border entered its 23rd day on Sunday making it the longest shuttering of federal agencies in the country's history, with no end in sight. The closure, which began on December 22, broke a decades-old record by a 1995-1996 shutdown under former US President Bill Clinton that lasted 21 days.
The French car maker has gained a firm footing in the small car segment, and is well on its way to becoming the topmost European car brand in India
In this industry, a company's strategy needs to be adaptable in order to keep up with the pace of change.
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