Maruti Suzuki, Hyundai, Mahindra and Toyota reported low single-digit sales growth for the month owing to weak market sentiment
'Investors are coming in because they can't afford to miss India.'
Modi discusses battery technology's impact on India at Tesla
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.
'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'
Auto manufacturers are planning for global premiere of 15 cars at the Indian Auto Expo 2014.
Automobile dealers' body FADA said the Budget lacked immediate demand boosters for the automobile industry.
In 2011, travel and tourism generated $2 trillion globally.
The company is banking on investments lined up for product development and other innovations.
The latest trade mission is a part of Victorian government initiative, Trade Engagement Program -- India, specially designed to strengthen trade relations with the subcontinent, according an official statement.
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.
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.
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.
The cars will be competing with the likes of BMW, Jaguar, Mercedes-Benz, and Porsche.
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.
The latest additions will bring the total number of UK manufacturing jobs announced by JLR over the last three years to almost 11,000.
Measures to promote ease of doing business, cut in tax rates for smaller enterprises to 25 per cent, and reduction in interest rates are creating the right atmosphere for new businesses to flourish, particularly SMEs.
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 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.
ADP, Inc., one of the largest service providers in the HR and human capital space seeks talented freshers in India
The government on Monday cleared a Rs 1,718 crore (Rs 17.18 billion) project to set five centres for automotive testing and homologation throughout the country over the next six years.
India Inc's hiring outlook has become the weakest in the past eight years in the Asia-Pacific region, even as job losses have emerged as a critical concern.
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.
'Even during the lockdown, we have received many online enquiries and subsequent bookings.'
Only 700 units of this edition will be made by Mahindra
Its creator, Naveen Rabelli aims to complete the journey in 90 days
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.
The company said it will complete ongoing projects.
'More than one brand in a showroom is too risky because customer loyalty in this market is low. Most people don't drive different cars made by the same manufacturer for a lifetime, they experiment.'
Almost every car maker is offering either new models or face-lifted versions of existing models.
The central government will invest Rs 1,700 crore (Rs 17 billion) in setting up world-class automotive testing and R&D infrastructure with foreign collaboration.
According to FADA, automobile retail trade and service industry comprises a network of 9,500 automobile dealers and their service stations engaged in sale, service/repair and spares of vehicles across segments, is an essential link in automotive business and a significant stakeholder.
The Sensex is on course to ending calendar year (CY) 2019 at a price-earnings (P/E) multiple of 29x, the highest in 25 years. Current valuations are, however, lower than those seen in the early 1990s. The Sensex has risen close to 14 per cent in the last 12 months, while the index underlying EPS dropped 6.7 per cent during the period.
Tata Motors Managing Director Karl Slym tweeted that it's a backward step.
Tyre companies are stepping up on exports to offset declining volumes from domestic OEMs.
Car makers are trying hard to boost sales in India.
