Dramatic decline in customer demand which is affecting all car makers has forced the Sunderland Plant to implement measures to adjust volume in line with the market.
In forward market today, premium for dollar declined on sustained receivings from exporters.
The rupee ended marginally lower by three paise at 66.36 against the US dollar.
The new car would come with a 1.8 petrol litre engine in three different grades. "This year's target is to sell 63,000 vehicles, and by fiscal 2015 we are aiming for a market share of about 10 per cent. The Altis marks our big step toward the achievement of this goal," Toyota Kirloskar Motor (TKM) Vice-Chairman Vikram Kirloskar said. The company, which sold about 50,000 units last year, currently enjoys around three per cent of the Indian passenger car market.
Speaking to reporters after flagging off Etios exports to South Africa for the first time, Sandeep Singh, deputy managing director (marketing), said so far the Camry had been imported.
Though Hero still leads by a wide margin in annual and monthly sales, for the first time, Honda has considerably bridged the sales gap with the Pawan Munjal-led firm in April lagging only by 12,134 units
In worldwide trade, the US dollar continued its highly bullish trend against all major emerging market currencies
Hopes of more foreign funds on the back of sharp recovery in domestic equity market also boosted the value rupee against the dollar
The silver lining is that a pick-up in the US economy could help emerging market exports.
Japanese car giant Suzuki launched its fifth global small car Alto at the Geneva Motor Show on Wednesday. The car will be imported from its manufacturing base in India.
What sets 2018 apart from previous years is the magnitude of the shocks that hit our brand ecosystem, says Bharat Bambawale.
The overall momentum is very strong, said the company CEO.
Yamaha's new low-cost bike is expected to be priced at around $500 (Rs 27,500), cheaper than the entry-level motorcycle 'Crux', tagged at Rs 38,365. Market leader Hero MotoCorp Ltd's 'CD Dawn' is the cheapest product in the category, starting at Rs 36,300 (ex-showroom, Delhi).
In the first 4 months of CY17, Honda has sold 14% more units than Tata Motors
The company is engaged in developing diesel engines back in Japan.
Aiming to be among the top five companies in the personal computer and laptop market in India by 2010, Japanese IT major Fujitsu on Wednesday said it has plans to capture about 20 per cent of the market in another four years.
US dollar was firm against global currencies in overseas markets on rising prospects for a rate hike by US Federal Bank, which hit the rupee sentiment
A smart rebound in the stock market and sustained capital inflows restricted the rupee loss
How the XUV300's suspension, plastics and interiors hold out in Indian conditions after a couple of years will be the litmus test for its success in the long term, but for now, this SUV delivers, says Pavan Lall.
On Monday, the rupee had moved up by 3 paise.
Japanese auto major Honda Motor Co will commence exporting bikes by next year from India, a country which it sees as a future global hub, particularly for mass market models.
The US currency weakened against major Asian currencies in global markets which lifted the rupee sentiment
As part of this exercise, the company has decided to recall over 9,600 units of its small car Micra, which were produced in India in 2011 and sold in Europe, the official added.
With Mitsubishi pulling the plug on it the days of the Pajero maybe over, but nobody who ever owned one will forget it. Some even learnt life-long lessons from it, says Pavan Lall.
The rupee had depreciated by 13 paise to end at 67.20.
3D televisions were a major attraction at last month's CEATEC (Combined Exhibition of Advanced Technologies) show -- Japan's premiere consumer electronics event, held each year at Makuhari Messe, a convention centre outside Tokyo.
The rupee extended gains for the fourth straight day against the US currency on Thursday.
Dollar's weakness against other currencies in the global market made the local unit stronger.
Interest rate on Public Provident Fund scheme was cut to 8.1%.
For Hitachi, India remains a very important market for high-end products.
For the past few years the top brass at Pearson did pretty well to grapple with the threat of digital disruption.
A firming trend in domestic stock markets, however, capped the rupee fall to some extent
Honda has all of a sudden stepped up the game by announcing seven new products at the 2012 Auto Expo. One of these products -- Honda Dream Yuga Commuter Bike -- will get Honda the volumes in the Indian market and will help them challenge Hero MotoCorp.
Hoping to turn the tables on Japanese rival Maruti Suzuki's Swift, Korean car major Hyundai will launch a new version of its premium hatchback Getz under a new name Getz Prime by the end of this month in India.
The rupee had shed four paise at 63.81 against the US dollar in Friday's trade on sustained demand.
Nissan Motor Company may have missed the boom in small cars in India. But the third-biggest Japanese car maker is confident of shoring up volumes, as it works on several small car projects simultaneously.
