Ford dealers in India are staring at huge losses with the automaker deciding to shut production in the country with immediate effect, automobile dealers' body FADA said on Thursday. Terming the company decision as shocking, the industry body noted that the dealers have invested over Rs 2,000 crore in creating sales infrastructure while employing around 40,000 people across the country. "The auto retail fraternity is really shocked to hear another Ford India's announcement where it has said that it will shut down production with immediate effect," FADA president Vinkesh Gulati said in a statement.
The government will soon launch a facility under which a Permanent Account Number card will be issued within 48 hours of applying.
The court adjourned the hearing in the case to October 27.
The incident took place at around 12.30 am in the Crawford Market area under Pydhonie Police Station limits when the man lost control over his high-end Mercedes, as a result of which it rammed into a pavement and hit five persons who were sleeping there
India will have 30 per cent of its two-wheeler industry turning electric by 2030 as new manufacturers lead the shift, said a report on Monday. Passenger vehicles will be 15 per cent electric and the three-wheeler segment 75 per cent electric by 2030, said the report by BNP Paribas called 'India Autos-Electric vehicles: Minutes to midnight'. "We see FY22 as the year of inflection for the two-wheeler EV industry, with an accelerated EV adoption helped by incentives, wider availability, model launches, rise in crude prices and improved general awareness. We see 30 per cent of the 2W industry turning electric by 2030; the pace of incentive withdrawal presents an upside/downside risk," the report (India Autos - Electric vehicles: Minutes to midnight) said.
The National Judicial Commission Bill, 2022, was introduced after the majority of voice votes were in its favour.
Just two days before Congress leader Rahul Gandhi-led Bharat Jodo Yatra is scheduled to reach Jammu, two back-to-back explosions rocked a busy locality on the outskirts of the city on Saturday, leaving nine people injured, officials said.
Anjuli Bhargava finds out that an astonishing number of relatives of DGCA officials over the years are and have been employed in the airline industry.
In the aftermath of the Uber rape case, police and transport department are working together to frame a foolproof system that will ensure that no person with criminal antecedents gets a licence, the Delhi police chief said on Friday.
Officials of the international radio taxi service Uber will be questioned by the police for the second consecutive day on Tuesday in connection with the alleged rape of a 27-year-old finance company executive by its driver.
Standing by his cycle, the 36-year-old from Punjab Moga's district said he could have taken a bus or a train to Delhi, but that could mean his family would have to go hungry.
'Make every trip feel like an escape' says the Uber website. Ironically, it remains to be seen how the company can get away from this controversy.
The deadlock continues as the seventh round of talks with the Centre remained inconclusive, with the farmer groups sticking to their demand for the repeal of the three new laws, and the government listing out various benefits of the new Acts.
Traffic was thrown out of gear in national capital New Delhi on Saturday and several major roads witnessed a chock-a-block situation, a day after the fortnight-long Odd-Even scheme restricting movement of private cars ended.
Home-grown taxi booking companies which have a business model similar to Uber's might have stricter security norms imposed on them.
In a relief to actor Salman Khan, a sessions court on Tuesday ruled that it cannot ask him to produce his driving licence at this stage of the trial and he can furnish it at an appropriate stage, if he so desired.
'The plan is to secure nod of the Union Cabinet and other relevant regulatory approvals within the next three months,' a senior finance ministry official said, requesting anonymity.
Core sector companies have seen volumes drop to single digit in the first nine months of FY16.
A thick security blanket has been thrown around Srinagar for Prime Minister Narendra Modi's election rally in Kashmir on Monday at the Sher-e-Kashmir Cricket Stadium.
The driver of the private school van had his earphones on and was driving on the wrong side of the road. The milk tanker driver was allegedly under the influence of alcohol, police said.
In a major decision, Delhi government on Wednesday rejected fresh applications for licence by US-based taxi booking firm Uber and two other such service providers -- Ola and TaxiForSure.
Uber is facing sharp criticism from fellow taxi providers for not following strict security norms leading to the rape of a passenger in New Delhi.
The sector hit many roadblocks during 2014, as builders were seen shying away from the projects and investments dried up amid various regulatory, judicial and policy-related bottlenecks.
The road will help in transportation of goods and further development of SMEs in North East India
Automobile dealers' body FADA has urged the government to formulate a task force to monitor the compensation structure being worked out by Ford India for its dealer partners across the country. In a letter to Heavy Industries Minister Mahendra Nath Pandey, FADA president Vinkesh Gulati also requested the government to instruct Ford India to keep the industry body in the loop regarding the compensation structure for the dealerships. "We humbly request your Ministry's intervention... Create a task force which takes day-to-day updates from Ford India to monitor the compensation plan for automobile dealers and dealership employees," Gulati said in the letter.
Multiple reasons accounted for the losses, including manpower crunch and lack of clarity on the merger of National, United and Oriental, reports Namrata Acharya.
Rajya Sabha will sit for late hours in last week of the first half of the budget session from Monday to clear the pending legislative and other businesses.
The Bombay high court on Monday said it will hear the appeal filed by Bollywood actor Salman Khan against the five-year sentence awarded to him in the 2002 hit-and-run case from July 30 on a regular basis.
'Kartik is an outsider, so he takes nothing for granted. That's why he will do well.'
India is well positioned to continue to be the fastest-growing major economy next year, which may mark the lowest global growth since the millennium began barring the pandemic and the global financial crisis, according to Tata Sons chairman N Chandrasekaran. In his New Year message to around 9.35 lakh employees of the Tata Group, he said increasing consumption, consumer confidence and investment will support India's growth story although the global environment has several risk factors, including the energy crisis in Europe, the battle to contain inflation to avoid recession, and ongoing geopolitical conflicts. "Post-pandemic, India opened up, and we have returned to living our daily lives normally, in a year that saw the nation turn 75 years old.
Owners of high-end vehicles should explore more options such as engine protection, invoice cover and plans that cover accessories, says Animesh Das.
On the Delhi-Mumbai highway, Rs 1,200 crore (Rs 12 billion) worth of fuel will be saved annually after the installation of ETC, the minister said.
The prosecution on Thursday sought conviction of Bollywood superstar Salman Khan on the charge of culpable homicide
Did you know you've already broken the law without realising it?
The 18-year-old attacker, identified as Abdul Razak Ali Artan injured 11 people before police fatally shot him.
Supposed to be one of the top-paid stars in Tamil cinema, actor Vijay is known for his big-ticket hits and commands good box-office opening.
'The striking down of the use of Aadhaar by private companies implicitly calls for the deletion or erasure of all personal data vested in the servers of the private service providers.'
The Bombay high court on Monday refused accept a plea to grant stay on an appeal filed by Bollywood actor Salman Khan against the five-year sentence awarded to him in the 2002 hit-and-run case.
The linking of biometric UID/Aadhaar number to all public services makes "We, the People of India" worse than slaves, says Gopal Krishna.
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