Stepped up public expenditure must be accompanied by focused policies, advises Vinayak Chatterjee.
Maruti Suzuki India will launch electric vehicles in the country only after 2025 as demand for such vehicles at the moment is less and it would like to sell around 10,000 units a month whenever it enters the electric mobility space, company chairman RC Bhargava said on Wednesday. Addressing a virtual conference on the company's second quarter earnings, he said under the current circumstances a lot of things in the EV ecosystem such as batteries, charging infrastructure and electric supply are done by other parties and therefore the costing is not in the hands of the company. Also with fuel prices going up, car market leader Maruti Suzuki India is intensifying its focus on more CNG offerings of its models.
The country's largest carmaker Maruti Suzuki India (MSI) is planning to invest around Rs 18,000 crore on a new manufacturing facility in Haryana, as per a top company official. The new plant would replace the company's Gurugram-based facility and is expected to have an installed production capacity of 7.5-10 lakh units per annum. While confirming the Rs 18,000 crore investment plan, MSI chairman RC Bhargava told PTI that the company had always planned to shift the Gurugram facility to a nearby location.
'My brave JCO managed to get to the gun, sit on top of the dead man and fired away at the attacking aircraft till they melted away into the darkness.'
A Mandoli-bound goods train had crossed Wadala station when three rear wagons of the trains derailed.
The output of eight core sectors grew by 16.8 per cent in May, mainly due to a low base effect and uptick in production of natural gas, refinery products, steel, cement and electricity, official data released on Wednesday showed. The eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity had contracted by 21.4 per cent in May 2020 due to the lockdown restrictions imposed to control the spread of the COVID-19 infections. In March this year, these key sectors had recorded a growth of 11.4 per cent, and 60.9 per cent in April.
The company cut production of its mini cars comprising Alto, and S-Presso by 98.32 per cent at 401 units as against 23,874 units in the year-ago month.
Ashwin was asked about having a deep extra cover, the senior spinner said, "If it was up to me, would have straightaway done that."
Warning that the new year will be riskier than the previous two in terms of growth, inflation and the perils of monetary policy normalisation on consumption demand in particular, along with other external risks, a Wall Street brokerage has pencilled in an 8.2 per cent GDP growth next fiscal, with more downside risks to the projection. The biggest risk to the projection is a derailed consumption demand that has been the main growth driver in the past many years, said the Bank of America Securities India house economists who still believe that consumption demand will remain the key driver of growth next fiscal as well.
Seven years after it announced Nexa, there's no mistaking the seriousness with which Maruti wants the segment to grow, says Pavan Lall.
Market leaders saw good traction for new cars, including the electric ones.
AAP's Haryana convenor Naveen Jaihind has announced an undisclosed amount as reward for whoever finds the vehicle.
In order to increase its payload capacity and save fuel, the railways are considering a proposal to procure aluminium wagons by 2012-13, when the dedicated freight corridor is scheduled to become operational. The final decision would be taken after a cost-benefit study, said senior railway ministry officials. Aluminium wagons will be costlier than the steel and stainless steel wagons that are in use currently.
Thirteen wagons of one of the trains and an engine jumped off the tracks following the collision.
President Pranab Mukherjee and Bangladesh Prime Minister Prime Minister Sheikh Hasina on Tuesday jointly inaugurated the locomotives and wagons supplied under a $800 million line of credit extended by India, reflecting growing bilateral ties in infrastructure sector.
In view of the high demand for oxygen in the country following a record spike in coronavirus cases, the Railways has decided to run Oxygen Express trains to transport liquid medical oxygen and oxygen cylinders across the country.
The country's largest carmaker, Maruti Suzuki India (MSI) on Friday reported a 4.5 per cent increase in total sales at 1,53,435 units in October.
For the longest time the Polo GT had no real competition in terms of its build quality and product positioning. Until now, says Pavan Lall.
India's jugalbandhi with coal and clean energy is coming unstuck, neither achieving adequate renewable generation nor ensuring sufficient coal-fired power in the quest to become a $5-trillion economy. Six months have elapsed since Prime Minister Narendra Modi announced an ambitious climate agenda for India at COP26 at Glasgow. The net zero emissions target by 2070 is a distant one, but there are nearer-term plans to meet 50 per cent of energy demand with renewables by 2030 by increasing capacity to 450 Gw. A cursory look at the balance sheet of India's climate progress since November reveals ponderous progress towards meeting the renewables target even as the country is scrambling to expand coal-fired generation in the face of a power crisis.
Recently, Suzuki Motor Corp (SMC) in an investor presentation expressed strong intent to enter the electric vehicle (EV) space. This is part of a larger strategy the Hamamatsu-based firm has drawn up in developing electrification of technologies as it seeks to achieve carbon neutrality. The significance of this presentation is that it marked the first time that the Japanese carmaker spelt out its EV strategy with well-defined timelines. SMC plans to develop electrification technologies by 2025, fully implement them in products from the same year, and make a full-scale quantitative increase from 2030.
India will need an annual investment of Rs 15 trillion in infrastructure over the next five years, says Chandrajit Banerjee, DG, CII.
The BJP has many ruthless leaders with super-sharp political minds. But none has all this and Yogi's charisma and personal ambition, observes Shekhar Gupta.
Shares of engineering and wagon manufacturing firms surged by up to 4 per cent on the Bombay Stock Exchange in early trade on Friday ahead of the Railway Budget 2009-10. KK Birla Group company Texmaco, which is in the business of wagon manufacturing, gained 2.53 per cent to hit a high of Rs 123.50 within minutes of opening trade. Kalindee Rail Nirman rose by 2.80 per cent to Rs 229.30.
Sales of mini cars comprising Alto and WagonR were at 11,577 units as compared to 37,710 units in July last year, down 69.3 per cent.
The project will eventually be rolled out to cover 400 railway stations across India
Ten wagons of a rice-laden goods train from Gondia to Guwahati derailed between Bortalao and Darekasa section of Nagpur division on Monday night.
Maruti Suzuki India (MSI) plans to drive in CNG trims across its product range as it remains bullish over long-term prospects of the segment amid increase in fuel prices and drop in diesel car sales, according to a senior company official. The company, which sold around 1.62 lakh CNG cars last fiscal year, is also counting on the rapid expansion of CNG dispensing outlets across the country to bring in more CNG products. Bullish on the expansion of the sales network, the automaker expects its CNG car sales to almost double this fiscal year over 2020-21.
In a rare face off, captains of the auto industry have hit out at the government for not walking the talk. At an industry event in the capital on Wednesday, R C Bhargava, chairman of India's largest carmaker Maruti Suzuki, and Venu Srinivasan, chairman of TVS Motor, questioned the government's intent to support the auto sector. Revenue secretary Tarun Bajaj sat in the audience listening, before his turn came to counter them.
When Finance Minister Nirmala Sitharaman tables her Budget on February 1, the numbers could be something to cheer.
Diwali, considered as one of the the most auspicious times for new launches, will witness cars of all contours -- right from hatchbacks and sedans to tight-built SUVs.
Maruti Suzuki India's grip on the country's car market tightened in October with six of its models, including the newly launched mid-sized sedan Ciaz, featuring in the top 10 selling brands in the month.
Washington is signalling to Delhi that it can rely on American support in any great game vis-a-vis China. Delhi shouldn't fall into the trap, argues Ambassador M K Bhadrakumar.
Ten wagons of a goods train got derailed when Maoists blew up a railway track near Kurhani railway station in Hajipur-Muzaffarpur section of East-Central Railway in Bihar's Muzaffarpur district early Monday, DGP Neelmani said.
Rail stocks on Thursday fell by up to 8.6 per cent on the Bombay Stock Exchange (BSE) as cautious investors offloaded shares ahead of the Railway Budget, 2011-2012 to be presented on Friday.
The railways is firming up plans to set up a traction motor factory in Vidisha and a wagon workshop in Visakhapatnam with an aim of stepping up its manufacturing activities in line with the 'Make in India' campaign.
The incident occurred on Sunday when Ganga Kaveri was fast approaching Chitoda station and the driver noticed derailed empty coal wagons on the track at Bhugaon station. He immediately applied the emergency brakes and brought the train to a grinding halt, officials said.
A class 5 girl student died of heat stroke on Tuesday after repeated trips to nearest hand pump in drought-hit Beed district of Maharashtra.
Early SUVs were descendants from commercial and military vehicles such as the World War II Jeep and Land Rover.
