Tata Motors is hot on Renault's heels in a drive to produce and distribute the world's most affordable car in the fast-growing India market.
Bajaj Auto, which commands a market share of 26.70 per cent following Hero Honda (the country's largest two-wheeler maker), has decided to launch a bike in the executive segment (125cc) in the second quarter of the current financial year.
The total dividend income for seven firms grows 25%.
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.
Among major Sensex gainers, ITC rose the most by 2.32 per cent, followed by TCS, M&M, SBI and Bharti Airtel.
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.
Sebi penalised Shruti Vishal Vora - found guilty of leaking price sensitive information related to financial results of Wipro, Asian Paints and Mindtree, and Parthiv Dalal for similar action in case of Wipro earnings.
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.
A concept vehicle will be showcased in January 2008 at the annual Auto Expo.
Hyundai Motor and Toyota Kirloskar Motor have announced the suspension of manufacturing operations at their respective plants amid coronavirus outbreak. On Sunday, various automakers like Maruti Suzuki India, Honda Cars, Mahindra & Mahindra and Fiat announced a temporary halt in manufacturing operations at their respective facilities.
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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 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.
The Sensex finally closed with a gain of 52 points at 7,944 on the first day of the Samvat year 2062.\n
In the broader market, BSE Midcap and BSE Smallcap indices mirrored the gains in headline indices and rose 1% and 0.9% respectively.
Blames govt for raising fiscal deficit by financing consumption-based subsidies rather than focusing on infra.
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.
Top gainers in the Sensex pack include SBI, Yes Bank, Tata Motors, L&T, ICICI Bank, IndusInd Bank, ONGC, Maruti, M&M, Axis Bank, RIL, Hero MotoCorp, HDFC, Vedanta, Asian Paints, Tata Steel and Bajaj Finance, rising up to 7 per cent.
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
'While most companies were bullish before the second wave of double-digit sales growth in FY22, that may not be the case now.'
Consumer sentiments have been dampened due to several factors like tight liquidity, high insurance, and high costs
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.
