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
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.
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).
The US currency weakened against major Asian currencies in global markets which lifted the rupee sentiment
On Monday, the rupee had moved up by 3 paise.
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.
The rupee had depreciated by 13 paise to end at 67.20.
According to a source SoftBank is in favour of Ola acquiring the Indian unit of Uber, but the finer details of the deal are being discussed
Dollar's weakness against other currencies in the global market made the local unit stronger.
A firming trend in domestic stock markets, however, capped the rupee fall to some extent
Interest rate on Public Provident Fund scheme was cut to 8.1%.
"We see high market potential with growing population of Indian middle class families aspiring for more advanced features like safety, space, luxury and comfort," Toyota Kirloskar Motor's MD Akito Tachibana told reports at the Auto Expo in Greater Noida last week.
With the deal closing, SoftBank becomes an investor in two of India's largest on-demand cab service -- Uber and Ola.
The company is engaged in developing diesel engines back in Japan.
The rupee extended gains for the fourth straight day against the US currency on Thursday.
Dealers have stocked up vehicles in the run-up to a price hike, which is expected to be announced by leading players some time this month.
The Japanese automaker has derived the WR-V from the Jazz and it gets quite a lot of changes over the premium hatchback.
For the past few years the top brass at Pearson did pretty well to grapple with the threat of digital disruption.
The rupee had shed four paise at 63.81 against the US dollar in Friday's trade on sustained demand.
The rupee weakened even as the dollar fell against major global currencies
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.
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.
For Hitachi, India remains a very important market for high-end products.
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.
The US dollar turned expensive against a basket of global currencies which hit the rupee sentiment
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.
In cross-currency trades, the rupee recovered sharply against the pound sterling to finish at 93.13.
The move is prompted by the disruption in the car usage pattern caused by the app-based ride-hailing companies such Ola and Uber
Forex dealers attributed the fall to increased demand for the dollar.
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.
The carmaker has managed to significantly improve its product mix in the past two-three years by successfully launching sedans, utility vehicles and premium hatchbacks.
Industry watchers say while it's completely possible for a firm like SoftBank to step in and take control of Ola, it's usually one of the least favoured options.
The fourth generation Prius combines a premium styling and an enjoyable driving dynamics.
The partnership will look to expand Ford's reach in the fast-growing Indian market and improve M&M's access to global markets
Earlier, the rupee resumed slightly lower at 61.70 per dollar as against Tuesday's close of 61.69 at the Interbank Foreign Exchange market.
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