Mar 25, 2015 at 14:37 | Source: PTI
Audi currently has an installed capacity to produce 14,000 units annually on a single shift basis in India. He said the company is looking for a long-term strategy for the Indian market and hopes to maintain its leadership position in the luxury car segment.
Mar 24, 2015 at 12:30 | Source: CNBC-TV18
After negotiating for bulk sale, IDBI offloaded 10 percent in CARE to LIC for Rs 421 crore. The bank's deputy MD BK Batra informed that the bank has strategic stake in various companies which are quite valuable today.
Mar 21, 2015 at 16:22 | Source: PTI
The used car market has been a beneficiary of the declining interest in new car market, it said, adding other factors like entry of organised players, increasing awareness and financing option have also helped. "ICRA expects Indian used car market to outpace domestic new car sales growth in the near to medium term".
Mar 21, 2015 at 14:51 | Source: Reuters
Nissan showcased a concept compact car, Datsun Redi-GO, at the auto show in Delhi in 2014 and the new car is likely to be based on that, say analysts, who also expect the price to be significantly lower at below USD 4,000 for the no-frills, basic model.
Mar 18, 2015 at 13:52 | Source: Moneycontrol.com
The company has said that industry may continue to decline in first half of FY16 and expects single digit growth of 5-7 percent in tractors in FY16. Tractor sales are affected due to low minimum support price (MSPs) and rural wages. However, M&M is hopeful that sales may pick up only in second half subject to monsoon.
Mar 17, 2015 at 22:15 | Source: Reuters
South Korea's largest automaker is forecasting sales of 465,000 cars in India this year, while maintaining exports at about 200,000 units, said Rakesh Srivastava, senior vice president, sales and marketing, Hyundai Motor India Limited.
Mar 10, 2015 at 12:17 | Source: PTI
According to the data released by the Society of Indian Automobile Manufacturers (SIAM), motorcycle sales in last month were down by 8.22 percent to 7,74,122 units from 8,43,436 units in the same month previous year.
Mar 03, 2015 at 09:48 | Source: Moneycontrol.com
Exports were up 10 percent at 3,115 units from 2,828 units in the same period a year earlier. Sales of passenger vehicles, including Scorpio, XUV 500, Xylo, Bolero and Verito stood at 18,103 units compared with 19,308 units in February 2014, down 6 percent.
Mar 02, 2015 at 18:52 | Source: PTI
However, exports were up 10 percent at 3,115 units from 2,828 units in the same period a year earlier. Sales of passenger vehicles, including Scorpio, XUV 500, Xylo, Bolero and Verito stood at 18,103 units compared with 19,308 units in February 2014, down 6 percent.
Mar 02, 2015 at 13:09 | Source: Moneycontrol.com
Tata Motors saw strong growth in certain key segments, as passenger cars (excluding UVs) and M&HCV grew by 31 percent and 34 percent, respectively, year-on-year; with the total commercial and passenger vehicles sales (including exports) in February 2015 of 44,225 vehicles, a growth of 11 percent over 39,951 vehicles sold in February 2014.