The first leg of Micron's semiconductor play in Sanand is crucial for the company to sprint towards India's goal of joining the chip race.
The bankruptcy, if approved would force Detroit's thousands of creditors into negotiations to resolve an estimated $18.5 billion.
'The Nifty index looks to be 20 per cent overvalued as per our model after moving up more than 10 per cent in the last two months.'
Sports utility and multi utility vehicles have emerged as the most exciting segment in the country last year with an annual growth of 62 per cent. Here are 10 SUVs and MUVs facelifts that captured buyers' imagination.
In a market economy, the health of the personal transportation industry is linked to the economic health of the nation. However, the health of a specific auto-player is not that crucial.
Though Maruti Swift remains on top of the list, Hyundai Grand i10 is catching up Soon.
In early February, at his first Tata Chemicals board meeting as group chairman, Mistry sat quietly as directors debated efforts to find synergies between interests dotted around the globe, from Wyoming to Gabon.
The new entrant beats competition for the features it offers.
Seven electric two-wheeler companies have suffered a cumulative loss of over Rs 9,000 crore on account of unpaid dues and loss of market after their subsidies were stopped last year, the Society of Manufacturers of Electric Vehicles (SMEV) said on Wednesday. These companies have also been directed by the govt to refund the subsidies availed by them. The audit by SMEV's chartered accountants indicates the total, cumulative damages to affected companies could account for over Rs 9,000 crore on a conservative basis, it noted.
Shares of rate-sensitive realty, bank and auto sectors were on buyer's radar on Wednesday.
Analysts expect Bajaj Auto to perform well in Q1.
The diesel hatch is expented to be priced at Rs 5.3 lakh.
He is focussing on tightening the belt of the conglomerate left bloated by explosive growth under his predecessor.
US Senate's rejection of a bailout package for auto firms to impact revenues. None of the IT firms give any break-up of the exposure to the auto industry, but analysts said TCS offers services to clients such as Chrysler, Ferrari and Nissan.
Oil and select auto heavyweights bore the brunt of selling pressure; ONGC, RIL, Tata Motors, M&M key losers.
Car and sports utility vehicle makers say they're taken aback by the Union finance ministry's proposal to bring locally assembled models into the same duty structure as imported units. They say the move would cripple demand, following a substantial rise in vehicle prices.
Honda's first diesel car in the country, Amaze, will give a mileage 25.4 kmpl. It is also more powerful than Maruti Swift Dzire and is expected to sell at an aggressive price tag - starting at Rs 600,000.
M&M also saw its domestic passenger vehicle sales grow by 1 per cent, while Toyota Kirloskar Motor witnessed a decline in its PV sales.
India has seen an exponential growth in the auto industry in the past decade or so.
The rise of China and India as car consuming countries and fall of major US automakers last year are candid reflections of the restructuring of the global auto industry, a Congressional report has said.
President Barack Obama on Thursday said that the United States has fought its way back after years of worst economic recessions in the country.
India growth story has been deeply hurt by a suffocating bureaucracy and a workforce, which is 'unskilled'.
As per SIAM data, vehicle sales across categories, including passenger vehicles and two-wheelers and commercial vehicles stood at 18,21,490 units last month as against 23,82,436 units in August 2018, a fall of 23.55 per cent.
Market research firm JD Power on Tuesday said it has cancelled its annual awards function for the automobile industry, scheduled to be held this evening, on account of the devastating earthquake and tsunami in Japan.
The governor made it clear that the RBI is aware of what's happening and acts accordingly, but doesn't make a noise about that, points out Tamal Bandyopadhyay.
At present, the auto sector accounts for about 60 per cent of India's current machine tool demand.
"We believe that growth expectations are still justified. However, the long product development cycles inherent to the export market and high capex requirement for expanding capacities has affected the performance of the sector in the recent past. We believe the performance is likely to improve significantly going forward," Edelweiss Securities' analyst Ashutosh Goel said in the company's research report.
According to Oil Ministry sources, price hike of diesel is being considered as the government scrambles to find ways to meet an unprecedented Rs 160,000 crore (Rs 1,600 billion) deficit expected this fiscal on selling diesel, cooking gas and kerosene below their production cost.
Government policies and other uncertainties are holding it back from setting up a new diesel engine plant and launching more hybrids.
RIL is also more profitable than Tata Motors.
If a committee set up under the heavy industries ministry approves a recommendation of the auto industry, the country may soon get a scheme, which would incentivise a vehicle buyer for scrapping his old vehicle in exchange.
It's a doom in Detroit with the state declaring a financial emergency.
M&M was the top loser in the Sensex pack, skidding 3.31 per cent, followed by Reliance Industries, Bajaj Finserv, ICICI Bank, Maruti, Tata Motors and Tech Mahindra. On the other hand, Tata Steel, L&T, Axis Bank, Bharti Airtel and HDFC Bank were among the gainers.
Passenger vehicle wholesales in India declined by 10 per cent to 2,61,633 units last month as compared to March this year, as COVID-19-led restrictions across various states impacted demand, auto industry body SIAM said on Wednesday. Passenger vehicle sales in March 2021, stood at 290,939 units.
Ahead of the international auto show that begins next Wednesday, the Indian auto industry continues to be buffeted with bad news. According to data released by leading automobile companies on Saturday, the industry's sales volumes in January fell about five per cent from those in the same month last year.
Car sales in India fell for the second consecutive fiscal in 2013-14 with a drop of 4.65 per cent as the auto industry continued to struggle with demand slump.
France-based automobile manufacturer Renault and Japan-headquartered Nissan on Monday committed investments of $600 million (around Rs 5,300 crore) in the country 15 years after foraying into the Tamil Nadu automobile industry. The fresh round of investments would witness roll out of six new models between the two companies including -- two electric vehicles -- representing the two global brands, Nissan Global chief operating officer and Member, Alliance Board Ashwani Gupta said in Chennai.
Top laggards in the Sensex pack included HDFC, ICICI Bank, TCS, HCL Tech, Kotak Bank, Asian Paints, TechM and HUL, dropping up to 2.67 per cent.
