Struggling for growth, domestic carmakers are tapping into rural markets that are showing more resilience than their urban counterparts.
Sumant Banerji reports.
Will cities like Delhi and Mumbai get quadricycles as an alternative to autorickshaws? The UPA government on Thursday formed a high-level group headed by road secretary Vijay Chhibber to take a call on the issue.
HT reports.
India’s third largest two-wheeler maker Bajaj Auto today reported a marginal decline in its standalone net profit for the quarter ended March to R765.77 crore from R772 crore in the corresponding period last year.
Domestic car sales fell for the straight sixth month in in April, declining by 10.4% during the month over last year, marking the longest stretch of decline since the collection of sales data in 1997-98.
India's car market is enduring its worst sales decline in history after sales in April fell for a sixth straight month, according to an industry body, as economic gloom and rising ownership costs savage a once much-vaunted growth market.
India’s second-largest carmaker, Hyundai Motor, will launch a new small car it has codenamed BA, the fifth offering the segment in the country, during the festive season as it looks to shrug off declining sales. Sumant Banerj reports. Chaebol's challenge
Renault Nissan will launch its entry-level small car, codenamed Datsun K2, in the first half of 2014. The car, which will be showcased on July 15, is expected to be priced at around
Rs. 3 lakh and will compete directly with the K10 variant of Maruti Alto, India’s best-selling car, and Hyundai Eon, reports
Sumant Banerji.
What started as a promise to be 'the people's car', Tata Motors' Nano is finding it tough to get going with customers turning their backs to the model, sales for which have been dwindling and clocked just 948 units in April this year.
After witnessing steepest annual growth fall in over a decade in fiscal 2013, the domestic car industry started the new fiscal on much the same lines with most companies posting tepid sales.
Amid a move by the government to form a policy to allow quadricycles on Indian roads, auto major Tata Motors has hit out at it terming it as a backward step.
Toyota held onto its status as the world's top-selling automaker in the first quarter of this year, although the three-way race with General Motors and Volkswagen is proving tight, as its sales fall in China and Japan.
Premium car makers facing a slowdown in demand for the first time in India are offering a range of goodies from free insurance and maintenance, attractive interest rates to free petrol to lure customers.
HT reports.
It's not only cash that paysIndian tax officials have opened up a new front in their battle to increase revenue collected from companies, targeting manufacturing firms that slash prices below cost in order to sell slow-moving inventory.
India's annual car sales fell for the first time in a decade in the financial year just ended and are expected to post subdued growth this year, calling into question bullish expectations that fuelled billion-dollar bets from global manufacturers.
Car sales in India are forecast to grow between 3% and 5% in the current financial year, an industry body said today, following the first drop in sales in a decade in 2012/13.