Bangalore-based TVS Motor Co has filed a Rs 250-crore (Rs 2.5-billion) defamation suit against Bajaj Auto Ltd in the Bombay high court, against the latter's allegation of patent infringement. Earlier, BAL alleged that TVS had copied its patented DTS-i (Digital Twin Spark plug ignition) technology in the 125 cc TVS Flame, slated to be launched in December this year.
The price war in the motorcycle market is all set to worsen with large production capacities at tax-free locations in the north ready to go on stream.
Honda Motorcycle and Scooter India (HMSI), Suzuki Motorcycle India (SMI) and Yamaha Motor India (YMI) are building motorcycles and scooters to suit the Indian market. The models will be manufactured at the company's research and development centres in Japan and will use new platforms.
Bajaj Auto Ltd is close to introducing two-wheelers that will use green fuels such as compressed natural gas or liquefied petroleum gas.
Infosys has topped the AC Nielsen Corporate Reputation Index for the fourth consecutive year.
Consumer sentiments have been dampened due to several factors like tight liquidity, high insurance, and high costs
In the broader market, BSE Midcap and BSE Smallcap indices mirrored the gains in headline indices and rose 1% and 0.9% respectively.
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Bajaj Auto, said the company might re-enter the scooter market and if and when it does, the iconic Chetak might be revived.
The existing players say that their traditional advantages will propel the two-wheeler industry against any threat from Tata's car.
The Chinese company, Taian Chiran Machinery Company Ltd, had been reportedly marketing a copy of top selling Pulsar in different Latin American markets under Gulsar brand.
A concept vehicle will be showcased in January 2008 at the annual Auto Expo.
Welcoming the settlement of the ownership battle between Ambani brothers Mukesh and Anil, Industry on Saturday said the amicable resolution of the dispute would boost capital markets and uplift the morale of investors.
Among sectoral indices, telecom led the chart, spurting 3.08 per cent, followed by oil and gas.
The Sensex opened with a negative gap of 55 points at 13,183.
Ratan Tata had only good intentions when he said he conceived the Rs 1 lakh car as he cared for the safety of those using two-wheelers. But Bajaj Auto Chairman Rahul Bajaj thinks its just a ploy to market the vehicle.
Blames govt for raising fiscal deficit by financing consumption-based subsidies rather than focusing on infra.
The Sensex finally closed with a gain of 52 points at 7,944 on the first day of the Samvat year 2062.\n
NTPC was the biggest loser in the Sensex pack, tumbling 2.25 per cent, followed by Tata Motors, Bharti Airtel, PowerGrid, HDFC, Reliance Industries, Hero MotoCorp and M&M that shed up to 1.85 per cent.
After the hit of the pandemic, India Inc is now worried about the adverse impact of inflation and higher commodity prices on their revenues and margins. The inflation scare is the strongest among manufacturers of consumer goods such as automobiles, consumer durables, and fast-moving capital goods (FMCG). Companies across sectors fear they will not be able to pass on the hike in input costs to their consumers due to weak demand, which, in turn, would lead to a hit on margins and profitability in the forthcoming quarters.
Yamaha is all set to launch two premium bikes, priced close to Rs 1 lakh. This is an attempt to revive the company's dipping sales and image.
To be able to tide over the current crisis, automobile manufacturers have waged a war against all cost heads.
Impact of lack of significant investments in the last 4-5 years; inability of private sector to put in fresh capital with availing of loans becoming an issue due to rising NPAs of banks, along with demonetisation were mainly responsible for dampening growth, he said.
Loan rates may go up if interest rates go up by another 100 bps.\n
Take the rediff business quiz and see how much you know about the two-wheeler industry in India
Since April, India has seen multiple strains of the coronanavirus sweep the nation, upending life and businesses alike. Out-of-home retail and discretionary categories such as durables, auto, fashion, lifestyle, hospitality, food services, travel, and tourism have been the worst-hit as Covid cases remain high, leaving state governments with no option but to curtail mobility and economic activity.
Following the sharp rally in stocks, investor wealth rose by Rs 1,39,948 crore to Rs 1,10,70,610 crore.
Chairman of Bajaj Auto, Rahul Bajaj says that if he becomes a member of the Rajya Sabha he will not be a silent spectator.
The tie-up is expected to increase competition in the small car market in India, with the Tatas likely to roll out the Rs 100,000-car in less than a year.
