Tata Motors has halved the volume outlook for its UK subsidiary Jaguar Land Rover Automotive (JLR) and warned of lower earnings as it sees the semiconductor shortage deepening in the September quarter of the current financial year, according to a notification issued by the company to the stock exchanges on Tuesday. The announcement caught investors unawares. They were hoping for a quicker recovery. Tata Motors' stock tanked 13 per cent (on July 6) from the day's high of Rs 358.10 and hit the lower circuit (Rs 311.45) in intra-day trades.
During the six-day-long event, automakers have planned 10 global launches, 26 India specific launches, six concept vehicles, seven facelifts and 21 vehicle unveilings.
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 move comes close on the heels of growth in developed auto markets such as the US and Europe dipping in the red. Analysts say that global auto companies are now focusing on developing new models for emerging markets like India, their with main focus on containing costs. The cost of development in India is considered to be the lowest in the world.
BMW's plant in Chenna now has 50 per cent localisation.
The car made its debut in India.
The company said it will inspect and if necessary, replace the clutch pedal lever.
Audi says 2.1 million cars affected by diesel emission scandal.
According to experts, Tata Tiago JTP and Tigor JTP -- a sedan and hatchback -- are not only powerful and faster than every other car in the segment, but also in the segment above, including their peers Maruti Baleno RS, Volkswagen Polo and others.
A hatch back made by Volkswagen is the only safe car among best selling four wheeler.
Fiat, Maruti, and Tata are all set to drive in their best vehicles.
The government seems to have come to the rescue of potential car buyers.
The new small car, which will be based on Up!, may come to India in early 2011 and be the fourth car to be assembled by Volkswagen India.
Purely based on performance and drive experience, the better of the two is VW GTI TSI.
The electric vehicle evolution in India's passenger vehicle market has remained frozen in time and may see limited adoption over the next decade, experts say.
Red Bull were talking to Volkswagen about a Formula One partnership before a diesel emissions scandal seemingly scuppered plans, team boss Christian Horner said on Friday.
Andhra Pradesh chief minister Y S Rajasekhara Reddy has said that Volkswagen deciding to set up its plant in Pune
It will be prices between Rs 506,000 and Rs 775,000.
Gear up for the most powerful hatch in the country until Fiat gets its Punto Abarth.
After several unsuccessful attempts to enter the Indian market, Europe's largest car manufacturer Volkswagen has finalised its plans for a manufacturing plant in Pune at an investment of Rs 2,450 crore ($530 million).
Let's take a look at some of the biggest manufacturers of vehicles in the world.
Nissan and Renault say they will compete with new models, especially small cars, and by growing their dealer network.
Making a debut in India with an SUV, Citroen's products in the next couple of years will clearly chart and define its destiny in what has become both a vibrant but also a daunting market for foreign entrants, says Pavan Lall.
Volkswagen mess costs Germany its strongest nation brand position.
A summary of Wednesday night's action in the UEFA Champions League.
Besides opening up the possibility of a policy that allows vintage cars retrofitted with electric batteries to ply on roads, this also gives a clue to how cars older than 15 years that are banned can be valued again by a similar conversion to EVs, says Ritwik Sharma.
"In view of the ongoing CBI inquiry into the issue, we have declined to accept the money. We are more interested in seeing that Volkswagen sets up its car plant here," Reddy told reporters.
Jagdeesh Raja, when chosen to partner Volkswagen of Germany in its Indian venture, Vashishta Wahan, saw it as the biggest break of his career. Today, it's all in a shambles.
Competing with the cars from big auto companies, Swift and Swift Dzire have made its way into the top 20.
Five small cars in the Indian market failed in the first-ever independent crash tests.
Alisha Abdullah who took to racing at age nine, takes us through the moments that defined her life and career.
However, notable absentees from the expo will be Honda, Toyota, Ford, BMW, Audi, Lexus, Volvo and Jaguar Land Rover along with two-wheeler majors Hero MotoCorp, Bajaj Auto and TVS Motor Co.
There are a whopping 10 sedans slated for a launch in India this year. Rajesh Karkera/Rediff.com gives the lowdown.
BMW is just another of the many bringing entry-level luxury cars to the market.
If IOC is not allowed to run its own affairs, then we can see it close down in the next 10 to 15 years, warns Sudhir Bisht.
The German carmaker will not introduce all-new models in 2013. Plans to launch such variants too keep sales going.
Global auto companies are investing huge money to build infrastructure in the country despite the slowdown.
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