JLR is the latest in the list of companies which have announced a likely impact on operations due to crunch in auto component supplies from Japan.
The struggling steelmaker said the sale includes several South Yorkshire-based assets, including electric arc steelworks and bar mill at Rotherham, steel-purifying facility in Stocksbridge and a mill in Brinsworth.
This will be the company's third UV for the Indian car market.
24 months and counting... Manas Dewan recounts his childhood fascination with Royal Enfields and his experience of covering 12,000+ kilometres on his Desert Storm.
By 2022, the entire job landscape would undergo drastic change.
This compact SUV comes packed with the best in class features, variants, power, fuel-efficiency, interiors and even space
After the latest spike in crude oil prices, petrol prices could potentially go up to around Rs 90 a litre making a dent in the consumer's wallet. This, the analysts fear, will push the cost of vehicle ownership in the country, further reducing the demand potential for the industry.
'India has the potential to reduce its trade deficit with China by $8.4 billion in FY21.'
Take a look at the 10 biggest IT deals ever.
FCA has alleged that the Roxor, which M&M imports in the US from India as knocked-down kits, was "a nearly identical copy of the iconic Jeep design", adding that the product was modelled after the original Willys Jeep.
Karnataka government officials would hold preliminary discussions with two-wheeler major TVS on Saturday on possible setting up of an engine manufacturing unit in the State, the Major and Medium Industries Minister Murugesh R Nirani said.
India has seen multiple instances of termination of agreements in joint venture contracts, most of which were formed in the early 1980's.
Some cars that are emblematic of India's automobile industry will no longer come off the assembly lines after this year.
The Indian automobile industry had an action-packed year with big-ticket announcements such as excise duty cut for small cars, entry of German car major Volkswagen and Mahindra's tie-up with Renault.
Domestic tyre demand is seen to grow by 7-9 per cent over the next five years.
Maruti's exports in May were down 2.4% at 9,089 units
A bleak demand outlook for steel in the domestic as well as global market is also another reason Tata Steel may be looking to have additional liquidity as margins are expected to take a hit in the coming quarters.
Foton Motor plans to manufacture and sell buses and trucks here.
Right now, the 'Lower D' or LD segment -- which the industry defines as a sedan that costs between Rs 1.5 million and Rs 2 million, is longer than 4.5 metres, and powered by an engine of 1.8 litre or larger -- has barely three cars, all of which have been around for over a decade in India. Nevertheless, at least one foreign auto player is looking to bet big on the segment.
The company announced on July 11 that it would stop production at its automotive plants for a period ranging from 1 to 8 days during the remaining period of the month.
Maruti Udyog has topped the list of J D Power ranking for the fifth year in a row in terms of customer satisfaction.
Maruti ready to upgrade safety features.
With car penetration of around 22 per 1,000 population, India continues to be a big opportunity to sell cars, especially in rural areas.
India wasn't applying widespread crash testing like foreign countries do, so manufacturers didn't see the need for an investment focus on safety. Customers rarely walked into showrooms asking for the safest car. They wanted the cheapest or the most fuel-efficient or the best-looking car.
India's exports grew by 9 per cent to $14.6 billion (around Rs 66, 250 crore) in December.
The next-generation Q7 should make its way into India by this year end.
The Hero Splendor Pro shall continue being the legend it always was and bike fanatics like us will simply keep passing its fables from one generation to another. A great bike to ride, a greater bike to own and at Rs 52,000 it can't get any more affordable be it the cost, reliability and mileage.
While the automobile industry outrightly said no to Chidambaram's plea, the aviation sector largely remained non-committal.
'We are in the reverse gear and we are not there anywhere compared to the rest of the world'
It is advisable to stick to mid-caps with sustainable financial metrics rather than those offering the promise of faster growth.
Customers won't shift to electric cars until there is countrywide infrastructure for charging stations, which should be as spread out as petrol pumps now. Two, the price of the lithium ion battery, which constitutes 30 to 40 per cent of the cost of an electric car, has to fall substantially, so that the vehicle is as affordable as a gasoline one.
While the share of diesel vehicles sales in the overall passenger car industry has already fallen sharply, sales of CNG vehicles have shown a compound annual growth rate of 15.5 per cent over the past five years.
This will be the most fuel-efficient petrol SUV in its segment
Though the government has been pushing for exports of high-value manufactured goods across major markets in place of raw materials and input goods, India's top exports to China remain in the raw materials category.
Leading automakers Maruti Suzuki India, Hyundai Motor, Kia Motors and Tata Motors reported sales growth in the domestic market in November, aided by robust offtakes amid the festival season. While Maruti Suzuki India reported marginal growth, Hyundai logged in its highest ever monthly sales in November. Others like Honda Cars India, Toyota Kirloskar Motor, Mahindra & Mahindra and MG Motor India also reported sales growth in November as compared with the same month last year.
World's largest steel producer ArcelorMittal today said it has acquired 70 per cent stake in Brazilian steel processor Manchester Tubos e Perfilados SA.
Drivezy is helping people share their vehicles.
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