Auto Expo 2023 may not trigger a fresh rally in automobile stocks, say analysts, as this year's edition lacks participation from major listed players. It is also owing to the focus on electric vehicles (EVs), a segment where four-wheelers have minuscule market share. "In the passenger vehicles (PV) segment, Maruti Suzuki India and Tata Motors are the only listed players.
Karnataka Chief Minister Siddaramaiah on Monday said more than 40 miscreants have been arrested in connection with the stone-pelting incident in Shivamogga and cases booked against them.
The police officer said his claim would be verified.
'I was under the illusion that this could never happen to me because my background was such -- corporate CEO, IIT professor, IIT alumnus, IIM...'
Fans wearing the India jersey, carrying the Indian flag, laughing, joking and anticipating an India win are moving towards the Narendra Modi stadium. There are families, friends, children, adults, teenagers, middle aged and the senior citizen who have all painted the city blue.
The police has booked eight people for attacking cricketer Prithvi Shaw's friend's car outside a five-star hotel in Mumbai.
Haryana Chief Minister Manohar Lal Khattar on Wednesday sought four additional companies of central forces following communal clashes in the state and said a battalion of the India Reserve Battalion will also be deployed in Nuh.
The automobile sector is considered a good indicator of economic health. It has a very long value chain, from primary materials, like metals, glass and plastic, to value-added high-end electronic components, specialised alloys, and software.
According to sources, the incident took place on Friday night when the deceased identified as Idrees Pasha and his two associates Irfan and Syed Zaheer were transporting cattle.
Vader is the first electric bike in India to offer 7-inch Android display.
Maruti Suzuki India (MSIL) - the market leader in small cars - is eyeing the top spot in the sports utility vehicle (SUV) segment within a year - with a 33 per cent share of the pie. The company has been selling two SUVs - the Brezza and the Grand Vitara - and will start deliveries of the Jimny and the Fronx from March-end, and has set a target of growing its share from the current 11.5 per cent of the SUV market to 33 per cent by the end of 2023-24. The SUV segment is roughly about 42 per cent of the total passenger vehicle market, or around 1.3 million units.
Those who continue to think that the 2024 election will see the BJP pursuing a more militant line are being alarmist, argues Rajeev Mantri. The BJP, Mantri believes, is not about to shoot itself in the foot. If anything, he says, the BJP may be more inclined to push a harder secularism.
A revealing excerpt from Rahul Shivshankar and Siddhartha Talya's book, Modi & India: 2024 and the Battle for Bharat.
The minister appealed to the people to use social media responsibly and refrain from sharing inflammatory content.
China's covid crisis could provoke a raw material crunch for India's EV industry later this year.
Bajaj Auto has virtually closed the gap with Ather Energy in September, notching up 6423 EV registrations compared to 6466 registrations by Ather.
Patel (20) has been booked under relevant sections of the Motor Vehicle Act and sections 279 (rash driving) and 427 (mischief causing damage to the amount of fifty rupees) of the Indian Penal Code.
"We will raise Rs 300 crore via bonds of two-, three- and five-year tenures. This will be our maiden bond issuance and is part of our effort to widen funding sources," says Vimal Bhandari, executive vice-chairman and chief executive officer (CEO), Arka Fincap. The firm, a subsidiary of Kirloskar Oil, is only five years old and small (assets of around Rs 5,000 crore with an "AA" rating), but the response to this float will be closely watched: It would be the first by a non-banking finance company (NBFC) after Mint Road upped the risk weights on bank exposures to them by 25 percentage points. The move by the Reserve Bank of India (RBI) has caught NBFCs off guard even though the issue had been flagged by Governor Shaktikanta Das with their corner-room occupants (and that of banks) in July and August 2023 - on consumer credit and the dependency on bank borrowings.
Fresh incidents of stone-throwing by unidentified people on police personnel, deployed in Howrah's Kazipara area which witnessed violence over the Ram Navami procession on Thursday, triggered tension in the area on Friday afternoon, an officer said.
India's biggest non-bank finance company, Bajaj Finance (BAF), is set to raise capital after a gap of four years. On October 5, the board of directors will meet to approve the fund raise by way of preferential issue and/or qualified institutional placement (QIP) subject to regulatory and shareholder approvals. The move, analysts said, comes ahead of expectations, and could be in the wake of simmering competition in the consumer lending space, especially with the launch of Jio Financial Services (Jio Fin). "While we still do not have finer details on the game-plan of Jio Financial, it has plans to initially foray into consumer and merchant lending.
Electric scooter registrations of eight companies which represent 95 per cent of the market have seen a sharp fall of over 24 per cent in May. They have registered 32,680 electric scooters against 43,098 in April according to VAHAN data from the Ministry of Road Transport and Highways available till the evening of 31 May. Auto analysts say the fall is a reflection of the initial pent up demand in the market for such vehicles,which was evinced in huge bookings, being met.
Nano vendors say if all-India bookings cross 500,000, Tata Motors may have to explore the option of having a satellite plant to its present mother factory at Sanand near Ahmedabad. Many who had taken up space at the vendor park in Singur, the centre of the main dispute with the give-us-our-land-back agitationists led by the opposition Trinamool Congress, are hanging on in this hope.
The new Scorpio came after a gap of 24 months since its last launch, during which the competition launched a slew of products.
'Whosoever mischievous elements, who have the support of ISI, and are trying to disturb peace in Punjab, their designs will not be allowed to succeed'
A first information report (FIR) was registered Sunday under the Unlawful Activities (Prevention) Act after two explosives-laden drones crashed into the Indian Air Force station at Jammu airport, officials said, while indicating that the case is likely to be taken over by the terror probe agency National Investigation Agency.
'And a majority will be in the top-end vehicle range.'
'In terms of semiconductors, challenges do remain in the pan industry, but I think we are much better than where we were a year or so back.'
The vehicle is not owned by the senior BJP leader but his name was used to obtain the Pollution Under Control tag, an official said.
Analysts have predicted a 23 per cent volume growth for the auto segment between FY22 and FY25, riding on the company's differentiated EV and SUV plan. M&M is already a market leader with a 36 per cent share in electric three-wheelers, and its Zaheerabad plant in Telangana is ready to cater to demand. In the farm segment, the company plans to focus on niche electric products.
Consolidated earnings of Bharat Forge in Q3FY23 missed estimates, largely due to higher-than-expected interest burden, although operational numbers (including standalone numbers) were close to consensus. Still, the management guidance was positive and appeared to be based on logic.
The MP ATS arrested 11 persons, including a gym trainer, software engineer and teacher, and booked them under the Unlawful Activities (Prevention) Act and other relevant provisions of the IPC, an official said.
According to the footage, initially, the friend was driving the scooter, while the victim sat in the back seat.
The FIR states that the Kanjhawala police station received three PCR calls that the naked body of a woman was found near Hanuman Mandir, Jonti village.
Tata Motors on Wednesday launched its Tiago EV with introductory prices for first 10,000 customers ranging between Rs 8.49-11.79 lakh
Pakistan's former prime minister Imran Khan on Monday appeared before the Lahore high court which granted him protective bail in a case linked to violent protests outside the election commission, amidst high drama inside the court premises where hundreds of his supporters converged to show solidarity with him.
As many as 37 farmer leaders, including Rakesh Tikait, Yogendra Yadav, Darshan Pal and Gurnam Singh Chaduni, have been named in a first information report in connection with the violence during the tractor parade that left 300 police personnel injured even as two farmer unions on Wednesday withdrew from the agitation against the farm laws.
Only five of India's top 20 car models have seen a reduction in wait times over the past year.
Leading carmakers Maruti Suzuki, Hyundai and Tata Motors reported robust dispatches to dealers in May on the back of strong demand for passenger vehicles across regions, even as the global semiconductor shortage continued to impact production. Mahindra & Mahindra, Kia India, Toyota Kirloskar Motor, Honda Cars and Skoda also witnessed strong demand for their models last month. The month of May also witnessed Tata Motors race ahead of Hyundai in terms of domestic wholesales.
The family of a 22-year-old youth has accused cow vigilantes of thrashing him to death after branding him a cow smuggler in Nuh district, but the police said he died in a road accident.
The victim's friend, who was riding pillion on her scooty, had told the media that Anjali was drunk and had insisted on driving the two-wheeler on the fateful night.
