Car makers Maruti Suzuki India, Hyundai Motor India, Tata Motors and every other auto company in India is praying for a good monsoon this year to spur demand for cars and two-wheelers and pull the industry back on the growth path.
Modern, upmarket, yound and sporty. But at
Rs. 22 lakh, Mercedes A class is quite a stretch and may not be a standalone blockbuster success.
Sumant Banerji writes.
India’s largest utility vehicle manufacturer Mahindra and Mahindra on Thursday beat market estimates with a marginal 1.7% year-on-year rise in net profit to Rs. 889 crore for the quarter ended March 31, 2013, sending its shares up 4.6% to Rs. 1005 on the BSE.
French car maker Renault on Tuesday said it would recall more than 7,000 cars in India as a follow-up to a similar exercise undertaken by its partner Nissan just two days ago. The two companies share technologies and sell some of their cars under a cross-badging format.
The land of the rising sun is smiling on India. Companies from Japan, known for a conservative long-term approach, are building their footprint in India, apparently emboldened by government policy measures. Vivek Sinha reports.
In a marked departure from past practices, Japanese auto major Toyota may appoint an Indian to head its operations in the country.
Sumant Banerji reports.
Japanese carmaker Nissan aims to triple its sales volume and targets to sell 100,000 units in India in the current financial year 2013-14. Nissan India’s newly-appointed managing director, Kenichiro Yomura, said the company will launch at least four new models including one from its low-cost brand Datsun to drive the volume.
GM has a new people-mover. Will it capture the people’s hearts? In a tough segment, it may be a tough task. Sumant Banerji reports.
Nissan Motor Co Ltd will recall about 841,000 vehicles worldwide including the Micra compact car, also known as the March, as a result of a steering wheel glitch, Japan's No 2 automaker said today.
Are you planning to buy a diesel car because the fuel is cheaper than petrol? Read this report very carefully before you decide.
Sumant Banerji reports.
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.