Weak consumer sentiment across urban and rural markets due to slow farm inflows, subdued agri-commodity prices, rising cost of ownership as a result of regulatory changes including safety, emissions, vehicle registration, along with a rise in interest cost/EMI, have impacted demand.
While Toyota will acquire 4.94 per cent shares of Suzuki, worth $ 908 million, the latter will make a $ 454-million investment in the biggest automaker of Japan. Premium products from the Maruti stable such as the Baleno, Ciaz and Vitara Brezza will be sold under the Toyota brand with small changes.
Sixty-six auto journalists from 22 countries rate the best cars in the world. Here are the winners of World Car Awards for 2013.
With little clarity on the demand outlook, investors should wait out the next couple of quarters rather than rush in to catch a falling knife, says Ram Prasad Sahu.
Mahindra to replace ageing models with new ones, especially the popular XUV500.
The Mercedes-Benz Museum at Stuttgart, Germany traces the remarkable history of the 125-year old Mercedes-Benz brand.
The recently launched multi utility vehicle Nissan Evalia will not be affected, the company said in a statement without disclosing the quantum of hike.
For five decades, the 911 has been the heart of the Porsche brand. This year, it celebrates golden jubilee. The 911 is also the central point of reference for all other Porsche series.
Even as some automakers limp, others charge ahead.
The alliance will extend an existing partnership between the two.
Chinese alumina refining and metal smelting technologies have emerged as a match for the best anywhere in the world. In fact, Vedanta and Hindalco have bought technologies from China. Our aluminium makers will be haunted by twin fears of rising imports and low metal prices squeezing margins over a long time.
The all-cash deal is expected to close in the March 2016 quarter.
TN may be losing its grip on the overall Rs 4,000-cr investment plan due to this delay.
In Sandelerbil village alone in the Hingalgunj block in the Sundarbans, around 36 families from the Scheduled Caste community migrated from Tamil Nadu in March, where they had been working in a gas oven factory. A majority awaits dues promised but not paid. The story is no different in the villages of Manipur, Atapur, and Amtoli under the Sandeshkhali block in the Sundarbans.
'Localisation saves a lot of time and cost for them. Keeping an eye on a long-term market, this is the best way these car-makers can build momentum for their brands.'
The Budget 2013 will be placed in the Parliament on February 28. Though the Budget this year is expected to be exceptionally austere, the corporate honchos have dished out their wishlists.
Amid rising petrol prices, two-wheeler makers such as Mahindra & Mahindra, TVS Motors, Hero MotoCorp and Bajaj Auto are stepping up research to develop engines run on diesel or other fuels.
The XUV300, Mahindra's second compact SUV, is so packed with segment-firsts that it is sure to send shockwaves among competitors.
Ford to launch new compact car Figo Aspire in India
These are the rides that are blessed with a personality that can outshine all others.
From auto, refrigerator, and mobile handset makers to real estate firms, companies are tying up with banks to dole out attractive finance schemes and discounts to make buying more affordable.
Factories are shutting down owing to a shortage of labour and raw materials, and a lack of logistical support amid the ongoing nationwide lockdown against the coronavirus pandemic.
While Hyundai Motor India reported a marginal growth, Toyota Kirloskar Motor witnessed a dip in sales last month.
Exports help sector muddle through economic slump.
Auto major Mahindra & Mahindra on Wednesday said it will hike prices of some of its models by 1-2 per cent soon to offset increasing input costs and inflation.
Information technology solutions and services major Tata Consultancy Services is to open an 'automotive centre of excellence' in Detroit, North America, which is expected to be "fully functional", within the next two months.
Here are the four most eye-catching offers from some of the most prominent brands.
IT spending by the manufacturing sector in the country is expected to grow at 14.5 per cent to touch USD 8.78 billion by 2016, driven by segments including automotive, chemicals and consumer products, research firm IDC said.
Starting as a maker of hydraulic pumps, the Bengaluru-based company graduated to components for automakers like BMW and Audi, and then Airbus and Boeing
Tata Motors is stripped off India's most valuable company tag.
China's annual automotive event, Auto China 2012, saw a record numbervisitors.
Work is underway in identifying global companies in sectors ranging from electronics, auto components and medical equipment to shift part of their existing or incremental manufacturing to India.
Maruti Udyog Limited continued to lead the Indian automotive market in customer satisfaction and dealer service bagging the J D Power Asia Pacific 2002 award for the category for the third consecutive year, while two Hyundai models bagged the awards.
However, the group, which had earlier planned to invest Rs 2,000 crore (Rs 20 billion) for expanding operations, is still putting that on hold as the VAT refund issue with the Maharashtra government remains unresolved.
Aided by the new initiatives of the government, there has been a huge drop in imports
The increase in excise duty will have minimal impact on supplies to other user industries, as it is cenvatable. Where the industry supplies to the replacement sector without providing the break up of the product and the excise duty, impact will be felt. So, the players have to hike prices in respect of the supplies to replacement market.
The Gurgaon-based Amtek Auto Ltd is planning to acquire the Rs 900 crore ((Rs 9 billion) GWK group , a United Kingdom-based automotive component firm.
CarDekho.com - the winner of best and most popular Indian automotive website of the year 2012 has announced the first edition of its awards.
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.
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