Ratan Tata, chairman of Tata Motors said that rising costs of fuel and raw materials are the biggest worry for the automobile industry. Tata also warned of tough times for the company as its market share slid in the last financial year.
The company has so far witnessed a 14 per cent jump in its sales during January-July period.
A slowdown in the automobile industry is set to reverse by the year-end. The slowdown, which is cyclical in nature and occurs after every seven years, should come to an end in the next three months, according to the Society of Indian Automobile Manufacturers (SIAM), the country's apex automobile body.
So far, the current year has not been great for the leading car exporters from India. In the top five list of exporters -- Hyundai, Ford, Maruti Suzuki, General Motors and Volkswagen -- it is only Hyundai which is clocking a growth.
Czech automaker Skoda is planning to introduce as many as eight models in the next five years to make India amongst the top-five of its global markets.
India's largest car maker Maruti Suzuki on Thursday said it has no plans to cut the price of Maruti 800 to compete with Tata Motors' Nano.
Renault will recall 646 units of hatchback Pulse and mid-sized sedan Scala in India, manufactured between September 2011-July 2012, to fix faulty driver side air bags.
7 Maruti models among top 10 best selling passenger vehicles in April
Mahindra & Mahindra on Monday unveiled an updated version of its sports utility vehicle XUV500
The passenger vehicles sales in the country has seen a 21.21 per cent growth during April at 1,30,013 units as against 1,07,263 units during the same month a year ago. The domestic car sales rose 17.2 per cent in April to 98,740 units from 84,283 in the same month a year earlier. The domestic sale of commercial vehicles such as trucks and buses increased 7.6 per cent to 33,271 units in April, from 30,914 over the same period last year.
Amongst cars sold in the mid-size category (domestic sales) between April 2007 and March 2008, diesel variants outsold petrol car models roughly in the ratio of 7:3. That means over 70 per cent of the over 1,79,493 mid-size cars sold in the domestic markets were diesel models. Diesel mid-size cars on an average are priced 15.5 per cent more than the petrol variant. Overall, the mid-size category, petrol and diesel models included, grew by 14.6 per cent.
Homegrown auto major Mahindra & Mahindra on Thursday said it will recall 900 units of a variant of its popular sports utility vehicle Scorpio, manufactured between October and November this year, to rectify faulty pressure valve.
The stand-off between Bajaj Auto and TVS Motor Co over the alleged patent infringement continues with both the companies sticking to their positions.
The company looks to sell the vehicle to Indian and sraeli Army.
Component makers don't see any recovery yet, but manufacturers believe the end of poor sales is nearing its end.
The move to implement a proposal of star ratings on passenger vehicles, similar to those seen on electrical appliances, is likely to be delayed by several months. Stakeholders from the automobile sector and the government are divided over key facets.
Rapid growth in the automobile industry has seen the market share of fake spare parts more than treble from 12 per cent to as much as 37 to 47 per cent in the past seven years.
The first half of 2019-20 will be under pressure, since prices are expected to go up by Rs 7,000-8,000 at a time when sentiment is poor.
Apparently, there are something like 25 million passports in the country, in addition to those of about five million semi-skilled and unskilled Indian workers in the Gulf, southeast Asia and elsewhere.
Japanese auto major Nissan is recalling around 12,000 units of various models.
Aiming to get the first mover's advantage, Mahindra & Mahindra said on Wednesday it will launch the hybrid version of its Sports Utility Vehicle Scorpio by next year.
Honda Siel Cars India said on Wednesday it was planning to launch two models in India, including its popular hatchback Jazz, to mark the company's foray into small car segment in the country.
The total automobile sales in India dropped by 4.7 per cent during the fiscal year 2007-08, at 9,648,105 units as compared to 10,123,988 units in the last financial year. Motorcycle sales in the country during the year were down by 11.9 per cent at 57,68,341 units, against 65,47,195 units in 2006-07. Sales of the domestic passenger car rose by 12.2% in March 2007-08 to 128,074 units from 114,145 units in the same month last year. Total two-wheeler sales were down by 0.41%.
Reeling under the impact of hardening interest rates, domestic passenger car sales growth came down to single digit in May at 9.07 per cent, while motorcycles suffered badly with a 16.36 per cent slump.
Maruti Suzuki India continued its grip in the passenger vehicles market in India with five of its models in the top ten best selling models in June.
The recall will affect only the diesel variants of the two models.
EcoSport accounts for almost 40 per cent of the cumulative one million units sold by Ford in India till date, which is a reason why more than half of its future launches could be SUVs.
Some of the notable models set to make a debut next year include the Tata Harrier, the Mahindra S201, the Kia SP Concept, MG Motors' Boujun 530, and the Honda HR-V.
The Baleno cars covered in the recall include 17,231 export units.
The government on Thursday hinted at paring down levies on automobile sector, even as he asked carmakers to step up investment to fuel growth and employment.
Toyota Kirloskar Motors and Honda Motors have announced plans to launch a small car in India.
Tata Motors said on Thursday it will invest Rs 10,000 to Rs 12,000 crore (Rs 100 billion Rs 120 billion) in India over the next three to four years and was looking at Russia and China for vehicle sales and component sourcing.
All the results from the I-League and ISL matches played on Saturday
Taxi passengers in Bangkok will soon be able to pay their fares with a credit card, making Thailand the first country in South East Asia to use the integrated system that comprises an automatic controller, handheld card reader, printer, meter and dis
It's that time of the year when everything looks greener and prettier.
TVS Motor Company on Thursday said it would hit the Indonesian market by October 2006 with its step-thru vehicle.
Cisco, a global major in networking for the Internet, is aggressively looking at the Indian automotive sector, as it opens up to exponential growth and challenges from global auto markets.
SkodaAuto India Ltd on Thursday said it would make India an export hub for the company in South Asian region.
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