The panel cautioned against falling into a debt trap.
Buying a four-wheeler this month can help save on cost, but check first.
The pilot project initiated by Indian Railways in December 2008 to transport cars on rail has been commercialised and will be extended to other parts of the country.
The huge quantity of scrap generated by Railways is now making way to manufacturing units for production of wheels, thanks to the innovation brought about in this field.
The third Cross Country model for India, the V90 Cross Country is based on the S90 sedan and promises to offer the best of two different worlds - sedan (S90) and SUV (XC90).
US Treasury Secretary Timothy Geithner has said he would not rule out the option of forcing out chief executives of banks which have received taxpayers' money but are not performing well.
The company has proposed to launch the 'made-in-India' car in the next three years. Given its nascent engineering strength, the Indian auto co is looking at existing platforms. The company will, therefore, save a fortune by not opting for a completely new car platform. Generally, the cost of developing a new platform constitutes a substantial part of the expenditure incurred on a new car's production.
On the hunt for the elusive Tiger supremo Prabhakaran, Sri Lankan security forces have stumbled upon a damaged bullet-proof car that could have been used by either Lankan Tigers of Tamil Eelam chief or other senior leaders. The rugged-looking covered pick up wagon, fitted with double steel sheets to escape bullet hits, was found in the thick jungles near Mullaittivu, as Lankan forces scour the area for the LTTE topmen, a senior defence official told PTI.
The A3 segment (Swift Dzire and SX4 sedans) sales grew by 36.5 per cent to 8,995 units in January 2010.
Indian bikers have been having a lot of attention lately. The latest to join the wagon is the Kawasaki Versys.
'Coronavirus has occasioned us to see how copious Modi's mojo bag is,' says Shreekant Sambrani.
Maruti Suzuki, Hyundai, Honda Cars and Tata Motors posted single digit growth during the period under review while M&M reported decline in sales.
Maruti and Hyundai favoured among used car buyers
The Emergency greatly influenced the RSS' makeover from a fringe force in the Indian political imagination to one that could have its own man sworn in as prime minister in two decades' time. A riveting excerpt from Christophe Jaffrelot and Pratinav Anil's India's First Dictatorship: The Emergency, 1975-1977.
Railways Minister Sadananda Gowda will present his maiden Rail Budget on July 8 in Parliament.
Kejriwal runs his party with the proverbial iron fist and has learnt to temper his aggression, say people close to him.
The unit has a manufacturing capacity of 700,000 cars in two shifts. This means the Japanese major is cutting production by 35,000 cars as higher loan rates and a slowing economy sapped demand for automobiles. Sales at Maruti, 54 per cent owned by Suzuki, fell 7 per cent in October. India is the biggest global market for Suzuki, Japan's second-largest minicar maker.
At least two persons were killed and over 10 injured when suspected ULFA militants triggered a blast at a market area near the Northeast Frontier Railway (NFR) headquarters at Maligaon at around 6:30pm on Friday.
GM Chairman and Chief Executive Rick Wagoner is scheduled to outline the plan to employees, the Wall Street Journal reported. "This is real, hard stuff," one person briefed on the plan told the paper. "It not only assures our survival, but will make us a radically leaner, more focused company with much lower fixed cost."
Helped by softer interest rates on vehicle loans as well as their better availability, the country's top car makers posted healthy sales growth in July.
India's Ratan Tata aims to transform his once-stodgy conglomerate into a global powerhouse. But can it thrive after he steps down?
Auto maker Maruti Suzuki plans to position its upcoming car 'Ritz' at the upper end of the compact car segment that will be powered with a 1197 cc engine.
India's Ratan Tata aims to transform his once-stodgy conglomerate into a global powerhouse. But can it thrive after he steps down?
Indian Railways is taking the help of a US-based railroad research organisation to study the impact of higher freight traffic load on tracks.
In the two wheeler segment, TVS Motor Company reported a 24 per cent increase in total sales at 304,795 units in April.
Maruti Udyog on Wednesday reported a 7.1 per cent increase in domestic sales in January at 48,526 units.
7 Maruti models among top 10 best selling passenger vehicles in April
The minister said he was against "blanket privatisation of the railway system but the private sector was being encouraged to participate with the railways in the development of its non-core activities."
"Our agenda is to make Indian Railways world's number one from the current third position," Railway Minister Lalu Prasad said.
General Motors also plans to increase sourcing from India over the next 4-5 years to $1 billion annually.
The country's biggest car maker Maruti Suzuki India on Monday reported 27.4 per cent decline in car sales during November at 47,103 units compared to 64,885 units in the same month last year.
Tata Motors on Monday announced its foray into passenger vehicle segment of the Ghanian market with the launch of its car and multi-utility vehicles in the country.
Maruti Suzuki India growing by a paltry two per cent in January, recorded the lowest growth in this financial year, which could be due to the launch of Tata's Nano.
Railway Minister Suresh Prabhu refuted the charge of playing water politics, saying a steam-cleaned, 10-wagon train was on way to fill water at Jhansi before going to the drought-hit areas.
Five wagons of the goods train derailed while passing through Narela station late Thursday night, Railway officials said.
In the seven months between April and October this year, the Chevy Spark has managed to sell less than 12,000 units, or an average of 1,700 units a month, while its peers Alto and WagonR (Maruti Suzuki) , Indica (Tata Motors) and Santro (Hyundai) have had average monthly sales of 10,000-18,000 units.
As the national transporter is planning to come out with semi-high speed routes where trains can clock an average speed of 160-200 kmph, dedicated testing becomes essential.
The IIT-Kanpur and Railways have jointly developed a device which could help detect any damage to or uprooting of the rail track and excess load in wagons of goods trains.
Maurti and Hyundai recorded jump in sales in May.
