Prices of two-wheelers, passenger and commercial vehicles are set to rise 15-25%
The performance of the auto component industry was impacted by moderation of vehicle sales in India in 2011-12.
Mahindra & Mahindra gets the biggest impact of the Supreme Court's ban on sale of vehicles in Delhi with diesel engines bigger than 2,000cc.
Apart from a tempting price-tag, the car delivers remarkable fuel efficiency.
Marketers need to build on the country's core values to strengthen Brand India's presence abroad.
The industry said if the policy was announced, it would have taken 28 million vehicles bought before March 2005 off the road.
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.
Announcing their first product carrying Ashok Leyland's badge under the joint venture -- the 'Ashok Leyland DOST' -- in Chennai on Tuesday, Hinduja Automotive chairman and Nissan Ashok Leyland Powertrain Ltd chairman V Sumantran said another product from Nissan's stable would be launched next year.
'We are in the reverse gear and we are not there anywhere compared to the rest of the world'
With automotive manufacturers striving to match stricter emission norms set by regulatory authorities, they have begun considering nanotechnology as a necessity.
Passenger vehicle sales continue to drop in June; Maruti, Hyundai, Tata Motors, Toyota witness decline. Mahindra & Mahindra, however, reported a 4 per cent growth.
However, the company has claimed its vehicles are 'compliant' with the country's emission norms and that it will 'challenge' the tribunal's order.
Industry expects sales to remain depressed in the coming festive season.
The slowdown in the Indian automotive market has resulted in its first major casualty, with the country's second largest car-maker Hyundai Motor shelving a plan to set up a diesel engine manufacturing plant at an investment of Rs 400 crore (Rs 4 billion).
Described as the 'most affordable' 4 wheeler Cab, the product has been developed to "change the face of intra city stage and contract carriage travel in India", Jacob Vargehse, general manager, sales strategy planning and commercial, automotive division, told reporters in Kochi.
Automotive designer Dilip Chhabria is planning to raise about Rs 100 crore to fund a new super-luxury car project for DC Design that he promotes, banking sources said on Tuesday.
India's own automotive design house, DC Design, is all set to unveil a supercar at the forthcoming 2012 Auto Expo to be held in Delhi.
The New Ford Fiesta is here with a fuel efficiency of 17 km/L (petrol) and 23.5 km/L (diesel).
'By not only decriminalising routine business failures, but by ensuring that institutional lending and corporate rescue frameworks are strengthened via the IBC, the prime minister has ensured there is no room anymore for the proverbial 'reckless, prodigal debtor',' notes Sanju Verma.
Tata Motors, India's biggest automotive company, is readying the launch of an electric version of Indica Vista, its most popular hatchback, in the United Kingdom.
Guenter Butschek will start his new job by Feb. 15
India's largest utility vehicle maker is also planning to take it own products to the Korean market next year, said Pawan Goenka, M&M president, automotive and farm equipment sector.
In its report 'India Automotive 2020: The Next Giant from Asia', JD Power said the country's ambition to become a global small car production base confronts some serious manpower related obstacles such as lack of skilled labour force, high labour cost and workers' low efficiency and productivity.
Among the stocks that have seen the largest cut by MFs, the DVR shares (shares with differential voting rights) of Tata Motors have seen a cut of 243 basis points (bps) in MFs' stake.
Twenty-one year old Durgesh Nandan, the founder and CEO of AutomotionAds, is an engineer who passed out in April 2011. And, he has been running a venture for the last one year.
Maruti Suzuki India (MSI) on Tuesday said it will not resume full-scale production at its Manesar plant till workers sign a 'good conduct bond', as demanded by the company to ensure there is no repeat of quality issues that have surfaced at the plant.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances