BMW India has outpaced rival Mercedes-Benz India in luxury car registrations for the first quarter of calendar year 2026, driven by new product launches and a growing electric vehicle segment, even as the overall luxury car market remains largely flat.
Speculation about rising competition from global majors has led to shares of major Indian automobile manufacturers such as Mahindra & Mahindra (M&M), Maruti Suzuki India, and Tata Motors taking a hit on the BSE.
Volvo on Tuesday inaugurated its new technology centre at Bagmane Park in Bangalore. The technology centre will support Volvo group activities in the areas of IT and truck product development.
India to be Swedish car maker's second assembly base after Malaysia
The Volvo Adventure Competition, a global internet-based environmental-education programme for schoolchildren aged between 13 and 16, invites applications.
The Volvo Group, one of the world's leading heavy-duty commercial vehicle (CV) and diesel engine makers, is engineering a fresh push in India, one of the world's biggest growth markets for commercial vehicles.
VBT is opening its new manufacturing facility, costing Rs 80 crore, through a joint venture with Azad group at Hoskote near Bangalore on Thursday. Initially, VBT will produce 450 buses and by 2010 the unit will reach its full capacity of 1,000 buses, he said.
Volvo India aims to sell 25 per cent more buses this year as demand for its luxury vehicles grows in one of the world's biggest bus market due to easy finance, rising incomes and rapid development of highways.
Global energy giant Shell has acquired Mumbai-based Raj Petro Specialities to deepen its foothold in the world's third biggest lubricants market in the world, a top company official said. Shell, which has already invested over $5 billion in India across the energy value chain -- from LNG import terminals and fuel stations to renewable energy and technology centres -- has acquired 100 per cent equity interest in Raj Petro Specialities Pvt Ltd from Germany's Brenntag Group.
With all the safety equipment that it features, the S60 could be the smarter, more mature sedan alternative that consumers in this price category want, says Pavan Lall.
The company is close to buying 1-million square foot office space for Rs 700 crore in Bengaluru.
The Mumbai-based firm has lost almost 10 percentage points in market share since 2009-10, even as other brands have fought hard to wrest share away.
At the core of the new joint venture is an attack on Tata Motors, which dominates the commercial vehicle sector in the world's fourth-largest market for heavy trucks.
The company would also consider setting up an assembly facility in the country as soon as Volvo Car India, the Indian subsidiary of the Ford Group company, starts selling at least 2,000 units a year. Volvo Car India, which sells its vehicles as completely-built-unit in New Delhi, would bring in the S60 from its parent facility in Belgium.
Lieutenant Commanders Dilna K and Roopa A will remain at sea for 8 months. They will rely on wind power, do the repairs on the boat themselves and navigate some the world's most treacherous waters.
Nearly one in two luxury cars sold in India in the first three months of 2024 was a Mercedes Benz, which achieved its best ever quarter (January-March), selling 5,412 units, up 15 per cent year-on-year (Y-o-Y) from 4,697 units in the previous year.
India's flagship motor show Auto Expo 2023 kicked off on Wednesday with the global unveiling of Suzuki Motor Corporation's concept electric SUV 'eVX' which is slated to hit the market by 2025. The company's Indian arm Maruti Suzuki India is among the major manufacturers participating in the show that has returned after three years. The Concept eVX is a mid-size electric SUV concept designed and developed by Suzuki Motor Corporation (SMC), Japan. It will be powered by a 60 kWh battery pack offering up to 550 km of driving range on single charge.
As many as 231 Indians, including 208 Gujarat residents, who were evacuated from strife-torn African nation Sudan under the Centre's 'Operation Kaveri', landed at Ahmedabad airport on Tuesday, said a state government official.
The stock of two wheeler maker Eicher Motors was the highest gainer among BSE 100 stocks, rising 6.6 per cent in trade on Friday. The gains came on the back of better than expected performance in the March quarter of the 2022-23 financial year (Q4FY23) and earnings upgrades by brokerages. Standalone revenues (Royal Enfield) were up 19.9 per cent year-on-year (YoY), led by an 18 per cent growth in volumes and a marginal uptick in realisations.
Logistics services provider Delhivery posted a mixed set of results during the March quarter of the previous financial year (Q4 of FY23). While its operating profit was marginally in the green, its net losses widened as compared to the year-ago quarter. Overall revenues, which were in line with estimates, fell 10 per cent year-on-year (YoY).
'India is still hierarchical, but not as much as Japan and people appreciate a flat working culture,' Charles Frump, managing director, Volvo Cars India, tells Pavan Lall.
The story of the Eicher group, promoted by the Delhi-based Lal family, may some day make a case study, not least for its agility in coping with the changing reality of doing business in India.
Finance Minister Nirmala Sitharaman on Tuesday unveiled a Rs 39.45 lakh crore Budget with a view to fire up the key engines of the economy to sustain a world-beating recovery from the pandemic. This was Sitharaman's fourth Budget. While the taxpayers were left in the lurch, once again, was she able to cheer Corporate India?
There are a whopping 10 sedans slated for a launch in India this year. Rajesh Karkera/Rediff.com gives the lowdown.
Jeev Milkha Singh will reach another golfing milestone in his illustrious career as he becomes the first Indian to tee up at the 16-man World Matchplay Championships beginning in Casares on Thursday.
If one leaves aside 2016, when sales declined 4.68 per cent, the pace of growth in 2018 is the slowest in a decade, according to IHS Markit, a sales forecast and market research firm.
Combined sales at top four manufacturers - Tata Motors, Ashok Leyland, Volvo Eicher Commercial Vehicles, and Mahindra and Mahindra - dropped 20 per cent to 20,324 units in November
While the rich are buying expensive luxury vehicles in Patna, the poor continue to suffer. The pandemic, discovers M I Khan, has cast new light on the stark economic divide in the capital city of Bihar, India's poorest state.
Ace golfer Jeev Milkha Singh began with a bang, humbling world number five Lee Westwood to top Group D after the opening day of the Volvo World Match Play Championship in Casares (Spain).
The number of participating automakers has fallen from 50 in 2018 to 30 this year. The count of exhibitors, including technology companies, has come down from 119 to 112. And showstopper luxury and supercar brands, including Toyota, Jeep, Lamborghini, Porsche, and Volvo will be missing. Similarly, the commercial vehicle makers also gave the show a miss -- a prolonged economic slowdown has dented their fortunes and near chances of any recovery.
Lakshmi Venu, granddaughter of T S Srinivasan (TVS) and A Sivasailam (The Amalgamations Group), is managing director of Sundaram Clayton Limited (SCL) and director of TAFE Motors and Tractors Limited (TMTL).
At Rs 18,400 per share, value up 100 times since Lehman crisis
Ace Indian golfer Jeev Milkha Singh crashed out of the Volvo World Matchplay Championship after successive defeats to Camilo Villegas and Ross Fischer in Casares, Spain. The highest ranked Indian golfer, first from the sub-continent to qualify for the elite tournament, could not build on his stunning first round win against Lee Westwood.
The value for companies whose brands become local default names can be huge, says Kanika Datta.
Nostalgia in the time of Covid is proving to be big business, observes Aditi Phadnis.
The government on Tuesday expressed concern over reports that automobile manufacturers are selling vehicles with purposefully downgraded safety standards in India and asked them to stop the 'unpardonable' practice. Speaking at a seminar on implementation of vehicle location tracking devices in order to enhance the safety on road, organised by auto industry body SIAM, Ministry of Road Transport and Highways (MoRTH) secretary Giridhar Aramane also noted that only a few manufacturers have adopted vehicle safety ratings system and that too used only for their high-end models.
There's a car and bike to match every personality and every budget in 2018, say P Tharyan and Joshua David Luther
Market breadth ended weak on the BSE with 1,838 declines against 1,218 advances.
Transporters and other stakeholders said the vehicles that will be de-registered would mostly be the ones plying in smaller towns and interior parts of the country.
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