Volkswagen is lowering group financial targets for this year after setting aside about 6.5 billion euros ($7.27 billion) in provisions this quarter.
According to the Auto Component Manufacturers Association, the apex body of component makers in India, global sourcing of components from the country will double from $2.95 billion to $5.9 billion in 2008-09, and is slated to hit $20 billion in seven years.
Adding to its list of Ford, Maruti, Hyundai, Toyota, Tata Steel now boasts of Nissan and Volkswagen as buyers of Tata Steel.
According to Nasscom, engineering services exports had grown at 13 per cent in 2017 compared to six per cent rise in IT services exports and eight per cent in business process management (BPM). It had also recorded the highest growth in the last three years, reports Debasis Mohapatra.
Why Kia is keen to drive into India? The Korean automobile maker plans to carve out a niche for itself in the crowded Indian market with its compact sedans and SUVs.
Toyota has capacity to manufacture 310,000 vehicles at its two plants located near Bengaluru
The challenges of transition to stricter emission norm BS-VI from BS-IV and compliance to new safety norms thereby making vehicles costlier are lurking around the sector.
The yet-to-be-named car, which will be priced in the Hyundai i-10 price bracket, had crossed the feasibility study stage and was in the final stages of design. "Cars below Rs 5 lakh constitute nearly 80 per cent of the total Indian market. India is predominantly a small car market and we have a clear strategy to grow in the Indian market," Thomas Kuehl, member, board of directors (sales and marketing), Skoda India.
Petrol variants of the car are priced between Rs 6.38-7.09 lakh.
K K Swamy is between jobs. After spending a little over a decade running Toyota Kirloskar Motors as its deputy managing director, he made a quiet exit a month ago to move to Volkswagen India as its first managing director. He is moving lock, stock and barrel from Bangalore to Pune, where he is set to take charge on July 21.
In 2006, components worth $2 billion, around Rs 90,000 crore were exported by Indian companies, 75 percent of which were bought directly by car companies.
Skoda Auto is considering shifting the production of the Fabia, its compact hatchback, to parent company Volkswagen's Chakan plant in Pune. At present, Skoda is manufacturing cars at its Aurangabad plant. The surge in demand has pushed the waiting period for the car to more than 2 months.
Alex Bogusky, an ad guy who definitely doesn't shy away from controversy.
The price differential has been upwards of 20%.
Honda, Toyota, Volkswagen stitch plans for country-specific mall car models. With India increasingly becoming the production and sales hub for all major car manufacturers, international giants like Honda, Toyota and Volkswagen are pulling out their drawing boards for an all-new India-specific car model.
According to the Society of Indian Automobile Manufacturers, significant growth is being witnessed in the multi-axle trucks segment, which has posted 112 per cent growth in the year 2006-07.
The i10 managed to impress the Business Standard Motoring jury across various counts, including build quality, ride, handling, driveability, comfort and safety features. A compelling price tag and above average fuel efficiency further clinched the deal for Hyundai's made-in-India car for the world.
The story of the Eicher group, promoted by the Delhi-based Lal family, may some day make a case study, not least for its agility in coping with the changing reality of doing business in India.
SkodaIndia, a fully-owned subsidiary of Volkswagen Group's SkodaAuto of Czech Republic, today revealed the company's plan to launch Skoda Fabia, its first small car in the Indian market.
The measures government takes next to push economic growth will be the key for automotive sector
New car launches in the past six months have driven sales growth despite a hike in vehicle financing. In April, new launches accounted for 17 per cent of over all sales.
The new cars which have been launched in the last six months include the Zen Estilo from Maruti, Hyundai Getz diesel, Spark from General Motors, Logan from Mahindra Nissan and Fiat Palio Stile.
After successfully marketing the state to American auto giant General Motors and German automaker Volkswagen, the Maharashtra industry department now wants Japanese auto major Honda to come to the state.
These companies had threatened to leave Maharashtra and invest in other states when the state government had brought amendments to the Maharashtra VAT Act with effect from April 1, 2011, and made net sales the basis for VAT set-off claims.
If one leaves aside 2016, when sales declined 4.68 per cent, the pace of growth in 2018 is the slowest in a decade, according to IHS Markit, a sales forecast and market research firm.
The Tata Nexon and Mahindra Marazzo ace the safety ratings, but what about other Made in India cars? How safe is the car you drive?
Maruti Suzuki is the big exception, with double-digit surge in volume
Skoda's new flagship offering will compete with the likes of Toyota Fortuner, Ford Endeavour and Isuzu MU-X as well as Volkswagen Tigua.
Poland's ex-Formula One driver Robert Kubica has won the inaugural FIA 'Personality of the Year' award after a successful season in rallying.
Poland's ex-Formula One driver Robert Kubica has won the inaugural FIA 'Personality of the Year' award after a successful season in rallying.
Germany's new-look team made a promising return to the international stage with a 1-1 draw against Serbia in a friendly on Wednesday, showing signs of improvement following a disastrous 2018.
The Indian automobile industry had an action-packed year with big-ticket announcements such as excise duty cut for small cars, entry of German car major Volkswagen and Mahindra's tie-up with Renault.
German luxury car maker Audi on Monday said it will start production of vehicles in India by next year, utilising group company Skoda's facility at Aurangabad and would float a new sales company.
Newly flush customers in China are buying high-end cars with all the extras. That's good news for foreign automakers facing tighter margins.
A part of Volkswagen Group, Audi currently imports its 'A4', 'A6' luxury sedans and SUV 'Q7' in India through the completely-built-unit route.
Apple spent more than a year investigating the feasibility of an Apple-branded car.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances