Promoters of the Russian F1 Grand Prix, ROSGONKI, said that the contract for the Sochi race was signed in 2010, long before the start of WADA's probing and are confident that the race will be held next year as well
While hybrids, CNG and biofuels found favour in 2018 among many carmakers including Maruti Suzuki, Mercedes-Benz, Toyota and Honda, others such as M&M and Tata Motors have shown full faith in electric vehicles.
Market leaders saw good traction for new cars, including the electric ones.
The Society of Indian Automobile Manufacturers had earlier revised the sales forecast for financial year 2012 downwards for the passenger cars at 10-12 per cent in July against 16-18 per cent announced at the beginning of the fiscal.
A year that began with a bang only to fizzle out in the end with car sales posting the steepest fall in nearly 11 years; a year marred by strikes -- 2011 will be one that the Indian automobile industry would like to forget in a hurry.
PV registrations in this year's festive period stood at 287,717 units as against 333,456 units in the corresponding period last year, down 14 per cent. Two-wheeler registrations also fell by 13 per cent to 15,83,276 units as against 18,11,703 units in the year-ago period.
'It leads to more investment, more money put in R&D, expansion and modernisation.'
Metal prices from copper to aluminum and tin have shot up by about 7-32 per cent in the past three months.
Automobile exports from India recovered in the first quarter with all vehicle segments, including passenger vehicles and two-wheelers, witnessing growth following an improvement in the pandemic situation across various international markets. As per the latest SIAM data, total vehicle exports during the April-June quarter this fiscal stood at 14,19,430 units as compared with 436,500 units in the same period of 2020-21 which saw massive disruptions due to the COVID lockdowns across the country, hampering sales as well overseas shipments. SIAM director general Rajesh Menon told PTI that while two-wheeler shipments were better than previous three years, passenger vehicles, three-wheelers and commercial vehicles export numbers were yet to catch up with numbers in the first quarter of 2018-19 fiscal.
China, United States and Japan are the world's top automobile manufacturing countries.
Besides their country of origin, General Motors, Ford Motor and Harley-Davidson have another trait in common: all three have failed in India, the world's fifth largest automobile market. All three of them took a tough call to de-prioritise India as a market amid disruption from heightened regulations and sharper focus on capital allocation by the parent.
Ride-hailing firms claim penetration is still low and there is a huge upside to grow the market and make owning a car pass.
The carmaker has managed to significantly improve its product mix in the past two-three years by successfully launching sedans, utility vehicles and premium hatchbacks.
The auto industry expects lower taxes and interest rates from Budget 2015.
Automakers have asked the government to halve the excise duty on cars and utility vehicles to 16 per cent to spur demand.\n\n\n\n\n\n\n\n
Samvat 2072: Auto sector could see faster recovery
Prices of automobiles, including cars, sports utility vehicles and two-wheelers, are set to come down with Finance Minister P Chidambaram announcing a reduction in excise duty in the Interim Budget.
Mahindra & Mahindra on Friday said a judge of the US International Trade Commission has found that its off-road vehicle Roxor violated Fiat Chrysler Automobile's (FCA) Jeep 'trade dress' and recommended an exclusion order prohibiting import and sale of any already imported parts of the vehicle.
A lower base could be part of the explanation but not all.
The new car, which would come in four variants and two options, is priced between Rs 2.57 lakh and Rs 3.53 lakh.
Passenger vehicle sales continue to drop in June; Maruti, Hyundai, Tata Motors, Toyota witness decline. Mahindra & Mahindra, however, reported a 4 per cent growth.
The answer would have been an unequivocal yes had the A4 been priced more aggressively, says Pavan Lall.
Big brands like Hyundai, Mahindra and Mahindra (M&M), Toyota and Renault have lost share.
For 2012-13, while Volkswagen's sales in India declined 16 per cent Honda Cars India sales rose 35 per cent.
With entry-level cars being preferred amid the pandemic, market leader Maruti Suzuki has strengthened its hold, along with Hyundai Motor India.
New products being designed mainly for auto, oil & gas sectors; firm is raising Kalinganagar plant capacity from three mtpa to eight mtpa
Vehicle sales have been hampered by weak consumer sentiment and still-weak availability of financing following tighter liquidity at non-banking lenders since the middle of 2018.
In the two-wheeler segment, Bajaj Auto reported 31 per cent jump in total sales at 357,883 units in February against 273,513 units in the same month last year.
Hero MotoCorp sold 254,813 Splendors, about 4,000 more than the 250,681 Activas sold by its rival Honda Motorcycles and Scooters India.
Vehicle sales across categories registered a decline of 8.62 per cent to 20,86,358 units from 22,83,262 units in May 2018.
The company opened its dealership in Ahmedabad today, which is 28th in the country and the second in Gujarat, after Surat.
The company, which sells every second car in the domestic market, said it expected production and sales to grow between 4 per cent and 8 per cent for the financial year started in April.
They have lasted for decades with no sign of drop in their sales.
The dynamics are changing as the sales pick up.
Normal monsoon makes FMCG, automobile and consumer durable companies optimistic about growth prospects
'Right now, we are increasing production in anticipation of the demand during the festive season.' 'If the demand doesn't come back, all the production will languish in the factories.'
The demand has gradually shifted from 16-tonners to 25-tonners and is further shifting in favour of 31-t and 37-t trucks.
Industry estimates R-Day sales are eight times the usual for big retailers.
Firms are offering employees flexi hours; demand for air purifiers, masks have skyrocketed.
