The Corona Virus outbreak in China has led to restrictions on movement of people and business activities in many provinces of China, in order to control the spread of virus. The closure of factories in China may affect Indian industries, which import components, intermediaries and raw materials from China like …
Geneva: Japanese autocar giant Nissan announced on Tuesday that it was in talks with Ashok Leyland for developing a small car for the global market that could be priced at around $4,500-5,000 (about Rs 2.25 lakh-2.50 lakh).
Buyers Queued Up To Buy In February, Anticipating Rollback Of Excise Duty Cuts In The Budget FEBRUARY turned out to be a windfall month for Indian carmakers with market leader Maruti Suzuki clocking its best ever monthly sales in its 29-year-old history as buyers queued up to seal deals before …
As western auto markets shrink due to environmental concerns coupled with financial tightening and long-term worries about fuel supply, India has witnessed a decade-long steep sales growth rates in all categories of vehicles. The promise of a rapidly growing automobile market has brought every global auto manufacturer of significance to …
THE LONG term sustained growth of the automobile industry is only possible if the economy continues to grow at 8-10% a year, while inflation and interest rates are low. Better infrastructure, which facilitates the smooth movement of traffic, would reduce pollution and promote economic development. The tax structure should help …
Maruti Suzuki India Ltd (MSIL) yesterday said it was hoping to double its exports this fiscal to about 1.6 lakh units. The company, which is also a higher contributor to the earnings of Suzuki Corp even more than the parent company this fiscal, is also aiming for over 20 per …
Top CEOs Expect Govt To Roll Back Part Of Stimulus Package, Hike Service Tax, Cenvat THE automobile industry fears that Budget 2010 may make cars, both big and small, more expensive by anything between Rs 2,000 and a lakh. According to top auto CEOs, the government may roll back part …
AUTOMOBILEsales raced past a record 11.1 lakh units in January, beating the previous best posted in September last, as consumers rushed to drive away their dream machines before a possible rollback of last year
New Delhi: The luxury car market in India has been seeing constant growth even though small cars are hitting the road in great speed. The increasing number of millionaires and billionaires in India
New Delhi: After trailing BMW in 2009, Mercedes Benz India has started 2010 on a high, selling more cars in January than BMW. Mercedes, that lost its near decade-long reign at the top of the Indian luxury car market to BMW last year, sold 413 units in January while BMW
A clear picture on the modalities of implementing a new vehicle emission norms in the country is expected by the middle of this month when the government is likely to come out with a final plan. "As of now, we don't have a final word (from the government) yet we …
Major auto companies, including Maruti Suzuki, Mahindra & Mahindra and General Motors, today reported record sales for January, signalling that the worst is behind for the industry that was battered by the global economic meltdown. Market leader Maruti Suzuki said its January sales at 95,649 units marked its highest ever …
HONDA Motor Co recalled 646,000 of its Fit/Jazz and City automobiles globally over a faulty window switch after a child died when fire broke out in a car last year. The recall includes 140,000 vehicles in the United States and covers the models sold in North America, South America, Europe, …
Toyota says it is recalling 75,500 vehicles in China for the same gas pedal problem behind the US and European recalls. Toyota Motor Corp on Thursday informed Chinese authorities it will start a recall in February for RAV4 sport utility vehicles that were manufactured in China between March 2009 and …
General Motors Corp is back in the electric motor business. The automaker said Tuesday that starting in 2013, it plans to build its own electric motors for hybrid and electric vehicles. GM has been getting electric motors for those vehicles from suppliers, but wants to make the motors in-house in …
