BS-VI emission norms and the COVID-19 lockdown impacted the dispatches.
For deciding which vehicles are to be scrapped, the setting up of fitness centres and regulating them would be a humongous task.
Around 23 per cent of all units sold by the company in the domestic market currently are diesel cars.
While commercial vehicle (CV) sales were the worst hit, down by 21 per cent to 67,793 units from 85,833 units, two-wheeler sales dropped by 16 per cent to 12,64,169 units from 15,00,545 units. Passenger car sales dropped nine per cent to 215,716 units from 236,586 units.
Shortage of semiconductors, price hikes pull January auto sales into red. Dec had seen sales grow for 1st time this FY, which dealers called a one-off.
Automobile dealers' body FADA on Thursday said passenger vehicle (PV) retail sales in March witnessed a year-on-year growth of 28.39 per cent to 279,745 units, as compared to the year-ago period which saw disruptions in the market due to COVID-19 led lockdown. According to the Federation of Automobile Dealers Associations (FADA), which collected vehicle registration data from 1,277 out of the 1,482 regional transport offices (RTOs), PV sales stood at 217,879 units in March 2020. Two-wheeler sales, however, declined 35.26 per cent to 11,95,445 units last month, as compared to 18,46,613 units in March 2020. Commercial vehicle sales also declined 42.2 per cent to 67,372 units, as against 116,559 units a year ago.
The FM said, change in the mindset of the millennials not to commit any EMIs towards buying an automobile and instead taking Ola, Uber or the Metro (train) services also led to automobile sector slowdown.
Yeddyurappa, who could not stop smiling while the ceremony, said he swore upon God and the farmers' community in Karnataka that he will govern the state to the best of his ability.
'Inquiries and bookings are at quite a healthy level.'
'These measures should be in place throughout the year in order to bring down AQI levels to 100 or below'
Automaker Jeep India on Wednesday launched a locally assembled version of its premium SUV Wrangler in the country with introductory prices starting at Rs 53.9 lakh (ex-showroom). The company had started the production of the model at its Ranjangaon plant near Pune in February and is now ready for retail across the country. The locally-assembled Jeep Wrangler is available in two variants - the Unlimited and Rubicon, priced at Rs 53.9 lakh and Rs 57.9 lakh, respectively. Both variants come with a BS-VI compliant 2-litre turbo petrol powertrain, which produces 268 horsepower and 400 Nm of torque and comes mated with an 8-speed automatic gearbox.
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.
Making a case for revising the H1B visas upwards, the US Commerce Secretary has said high-tech businesses are facing shortages in filling up positions
Due to the coronavirus pandemic, Shivakumar and Amartya's family have not planned grand celebrations and selected people were invited for the engagement ceremony. The marriage is expected to take place on February 19, 2021.
Apart from physical stores, the company operates 2,700 digital touch points in the form of web pages, which is gaining good traction from tier-II and III centres.
The entry level car, brainchild of Ratan Tata who envisaged giving a safer and affordable alternative to families riding on two-wheelers, received lacklustre response from the Indian consumer. Tata Motors to bid adieu to Nano from April 2020.
Krishna Kumar offers some tips on how to cope with being served the pink slip.
As large-scale layoffs begin at Facebook's parent company Meta, employees on work visas such as H-1Bs are now faced with uncertainty over their immigration status, with CEO Mark Zuckerberg acknowledging "this is especially difficult if you're here on a visa" and offering support to those impacted. Meta announced that it is laying off 11,000 employees or 13 per cent of its workforce, with Zuckerberg describing it as "some of the most difficult changes we've made in Meta's history." US-based technology companies hire a large amount of H-1B workers, the majority of whom come from countries such as India.
The diesel car becomes too expensive with BS-VI and market assessment says the customer will not buy it at that price, says R C Bhargava, chairman, MSIL. He expects buyer preference to change swiftly in favour of petrol, CNG, and other alternative technologies.
Delhi Chief Minister Arvind Kejriwal announced that primary schools will be closed from Saturday in view of spike in pollution levels in the national capital.
With diesel cars set to become costlier from next year with the implementation of stricter BS-VI emission norms, major automakers in India are contemplating about the future of such vehicles in their portfolios.
Vehicle sales have been hampered by weak consumer sentiment and still-weak availability of financing following tighter liquidity at non-banking lenders since the middle of 2018.
From Hyundai to Tata Motors, automakers are staring at a bleak future. With no succor provided in the Budget, the pain for companies is likely to continue for the next two quarters.
Gowda joins the list of central ministers like Amit Shah, Nitin Gadkari and Dharmendra Pradhan, who had tested positive for COVID-19.
The sources said the talks are focused on sorting out certain issues relating to cost component, weapons package and technology sharing.
Vehicle prices have gone up as manufacturers gear up for the transition to stricter emission norm BS-VI from BS-IV beginning April 1.
The two-wheeler industry was hit by an increase in insurance rates, liquidity crunch, poor sentiment, rural distress and uncertainty over the BS-VI regulations, among other factors.
While hybrids, CNG and biofuels found favour in 2018 among many carmakers including Maruti Suzuki, Mercedes-Benz, Toyota and Honda, others such as M&M and Tata Motors have shown full faith in electric vehicles.
The company cited low demand in the second half of the year due to high interest rates, increased insurance cost and fuel prices for its downward revision
There are about 23 oil refineries in India with a combined capacity of 230 million tonnes per annum.
The company would roll out the BS-VI range of products and an automatic transmission version of its latest car 'Triber' next year.
Karnataka Bharatiya Janata Party strongman and former Chief Minister B S Yediyurappa on Friday said his son and party's state Vice-President B Y Vijayendra will be contesting 2023 assembly polls from his Shikaripura constituency, which he will be vacating.
The Swift's contender was the Toyota Innova, and not the Fiesta as many expected.
Maruti has announced it will phase out diesel variants from April 1, 2020, when stringent BS VI norms take effect
In Vijayapura, Yediyurappa said neither he nor his son have made any such statements, and would not like to react to comments made by someone close to Vijayendra.
Govt may delay BS-V and -VI implementation by a year
A bench headed by Chief Justice NV Ramana also directed that the report of the three-member inquiry panel headed by Justice (retd) BS Chauhan of the apex court be put in the public domain and uploaded on its website.
Kateel too rejected talks about changing the CM by stating that Bommai would complete his tenure.
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