Says the automobile sector would grow double digit in Asia's third largest economy after financial year 2017-18.
The company, which rents cars by the hour, day, week and month, has Mahindra E2O Plus and Tata E Tigor available on the platform for which it charges a subscription fee of Rs 15,000-20,000 per month.
Gold-silver ratio indicates more upsurge possible for the white metal.
However, notable absentees from the expo will be Honda, Toyota, Ford, BMW, Audi, Lexus, Volvo and Jaguar Land Rover along with two-wheeler majors Hero MotoCorp, Bajaj Auto and TVS Motor Co.
Seed and early-stage start-ups are high-risk businesses, rarely have collateral and only 1 in 10 of them makes it to becoming a viable company.
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.
In an announcement sent to the Bombay Stock Exchange, Musco said that due to the on-going economic slow down in the steel as well as automotive industry, and taking into account the slowdown in demand for the company's product, it has been decided to align the company's production plan with the expected demand.
You'd love to take these pocket-friendly automatics for a spin
With car penetration of around 22 per 1,000 population, India continues to be a big opportunity to sell cars, especially in rural areas.
General Motors' Tavera recall prompts Union government to formulate a stricter policy.
Co-founders of India's latest unicorn expected Covid-19 to be a speed breaker; instead it accelerated sales. Cars24 now enjoys more than 90 per cent market share among all other similar online transaction platforms. Dhruv Munjal traces the birth of this used-cars platform.
"I am visualising a "Virtual Collaborative GRID for Aerospace and Automotive Research and development" to enable design (become) reality -- a product life cycle management framework that will enable India realise its vision for the manufacturing sector and become competitive in the defence and the commercial market of aerospace and automotive sector," Kalam said in Chennai.
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.
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.
Consumer sentiments have been dampened due to several factors like tight liquidity, high insurance, and high costs
Automobile dealers' body FADA said the Budget lacked immediate demand boosters for the automobile industry.
India will shortly unveil a 'One Nation-One Card policy' for public transport that will entail connectivity between various modes of transport
'By leveraging the immense talent, passion and drive for innovation held by all members of the F1 community, we hope to make a significant positive impact on the environment and communities in which we operate'
The company said if the bookings kept pouring, it would have to plan a second work shift at its Noida plant to meet the demand.
Expanding its presence in the automotive sector, the world's biggest steel maker ArcelorMittal has reached a preliminary agreement to acquire French major Vallourec's two steel tube-making units for an undisclosed sum.
High performance supercar will be assembled in Caparo's upcoming Chennai plant, small car in two years.
FDI inflows into India were $34 billion in 2014, up 22%.
'Even during the lockdown, we have received many online enquiries and subsequent bookings.'
The company, which has opened an exclusive showroom in Gurgaon, plans to open more showrooms in metros and mini metros in the coming months, the company said in a statement.
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.
Merkel will co-chair the 5th IGC with Prime Minister Modi following which the two leaders will make press statements and a raft of agreements will be signed between the two sides.
These vehicle could soon be heading to India
Self-driving cars could appear on roads by the end of this decade.
India and China will be among the top five destinations for merger and acquisition activities across diverse sector over the coming year, according to a report by global consultancy Ernst & Young.
Logix, a company dealing in automative e-retailing solutions, is negotiating the acquisition of a US firm.
At a time when new car sales are witnessing record decline in India, pre-owned vehicles are likely to witness 10 per cent growth in sales to touch 4.4 million units in 2019 with millennials emerging as major buyers, according to a report by consumer-to-consumer marketplace OLX.
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 Bolero has sold over 1 lakh vehicles during FY2015.
The government is currently also revising its MSIPS policy to extend its mandate apart from making it more investor friendly.
The research firm ranked small car Chevrolet Spark as the leader in terms of quality in the compact car segment with a score of 127, mid-size sedan Chevrolet Aveo topped the midsize segment with a score of 109 while Chevrolet Optra (97) was ranked highest in the premium midsize segment, GM India said in a statement.
Maruti Suzuki, Hyundai, Mahindra and Toyota reported low single-digit sales growth for the month owing to weak market sentiment
The German luxury automaker has already seen its online traffic increase 10-fold this year. Though that has not always translated into sales, Mercedes-Benz says it is continuing to build on what it calls its "touch-free" experience to stay plugged into its consumer base. Under the used car business, more than 150 cars were sold online in January and February.
Don't be surprised if you see cars from the two manufacturer in a foreign land. The carmakers are supplying their vehicle in over 11 countries.
The International Centre for Automotive Technology at Haryana will authorise usage of labels for each vehicle model and its variant.
The vehicle is expected to be rolled out in the first quarter of 2013.
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