The Petroleum Federation of India, the apex body of public and private oil firms, has submitted to the oil ministry a 100-day agenda for the new government. On top of its list is decontrol of petrol and diesel prices. Currently, public sector retailers sell auto fuel at government-dictated rates, which the private sector competition is unable to match in times of high input cost (crude oil prices).
The measures government takes next to push economic growth will be the key for automotive sector
With a glass-walled-like seating area on four hidden wheels, Mike and Maaike's electric car drives on its own. 'Summoned by phone, your ATNMBL arrives. You enter from the curb side through an electric glass sliding door into a standing-height entryway. Upon entering, you are presented with a simple question: 'Where can I take you?' There is no steering wheel, brake pedal or driver's seat,' the duo described the experience.
The Centre for Science and Environment has demanded an additional duty of up to Rs 1.62 lakh on big diesel cars to prevent the misuse of subsidized fuel for luxury.
The Centre for Science and Environment has demanded an additional duty of up to Rs 1.62 lakh on big diesel cars to prevent the misuse of subsidized fuel for luxury.
Tata AutoComp Systems Ltd on Wednesday said it would acquire the business and assets of Wundsch Weidinger, a German automotive components supplier, for an undisclosed sum.
The new 2012 Chevrolet Cruze is sturdier, smoother, more comfortable and more powerful than its previous version.
According to the UNIDO International Yearbook of Industrial Statistics 2008, India ranks 12th in the list of world's top 15 automakers, which is led by Japan followed by the United States and Germany. Other countries making it to list are Mexico, France, Korea, the United Kingdom, Canada, Spain, Iran, Sweden, Brazil, Italy and Indonesia.
Among the Sensex firms, HCL Technologies, Tata Motors, Hindustan Unilever, NTPC, IndusInd Bank, Bajaj Finserv, Bajaj Finance and Mahindra & Mahindra were the major gainers. Bharti Airtel, Reliance Industries, ICICI Bank and Asian Paints were the laggards.
'We suggest an equity strategy of 5% to 10% exposure to cash, 5% to Gold ETF, close to 50% to Sensex/Nifty/large mid-cap stocks.'
While there is no solace for those who own petrol cars, let us look at the cheapest diesel cars available in India to help prospective buyers.
Schools closed for a day, crops damaged; more downpour on cards
'We would like to develop Andhra Pradesh into a logistics hub not only for India, but also for South Asia.'
To tax the small car 'like crazy' so that the market does not grow until an efficient and affordable mass transit system is in place is short-sighted in the extreme.
At a time when frequent labour unrests are plaguing the Indian auto industry, car market leader Maruti Suzuki was able to save about Rs 160 crore (Rs 1.6 billion) in 2010-11 by implementing suggestions given by its workers. "We have active engagement programmes going on in the company.
Speaking to Business Standard a day after the company announced indifferent results for 2007-08, Kant said this year is going to be the toughest for the auto industry in a long time because of soaring input costs and crude oil prices. But the credit squeeze could have a far-reaching impact on the industry's fortunes.
Maruti reversed geared this time and for the first time in history, designed a car from scratch to suit Indian conditions.
"The shift is gradually happening more on account of favourable risk-reward for stocks in these sectors and the shift would be more pronounced as investors roll over their targets to 2017," the head of research at a foreign brokerage said.
Within three trading sessions in May, foreign portfolio investors (FPIs) have pumped in Rs 9,461 crore into Indian equities. This follows net inflows worth Rs 7,936 crore in March, and Rs 11,631 crore in April. The trend, analysts said, could continue going ahead as the US Federal Reserve may soon halt its interest rate hike cycle, which will strengthen foreign fund inflows into emerging markets, including India.
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