BUSINESS
Oberoi Hotels plans French-style café outlet Cou Cou pan-India
Cou Cou is the first-of-its-kind, stand-alone food and beverage eatery from the Oberoi Group.
BUSINESS
Covid-19 delivers body blow to new hotel projects
Hospitality projects have been delayed, deferred or put on hold across the board. In 2020, just 4,537 keys entered the branded hotel space, far lower than the pre-pandemic projection of 15,000 keys.
BUSINESS
Greaves Cotton revs up EV focus, eyes investor funding by first half of FY23
Tata Motors recently raised $1 billion from a TPG-led consortium, fuelling a rush by others to raise funds
TECHNOLOGY
Skoda unveils Slavia sedan, launch by June 2022
Bookings for the Slavia has opened. The sedan will be positioned below the Octavia but above the now phased out Rapid sedan
BUSINESS
Tata Motors working on born-electric and flexi vehicle platforms for future
The Tata Group company, which is the leader in the electric bus segment having the largest share of electric bus number in operation in India, is working on a platform for the future that will be born electric.
BUSINESS
Tyre makers line up Rs 5,000 crore capex to boost capacity
Tyre companies are gearing up to add capacity in order to meet demand as the economy recovers and demand increases
BUSINESS
Chip shortage to hit Bajaj Auto’s export volumes
Exports are a crucial component in Bajaj Auto’s overall automotive business as more than half of its production is sold overseas
BUSINESS
Ashok Leyland in talks with investors to raise funds for EV subsidiary Switch Mobility
The Chennai-based trucks and bus manufacturer has hived off its electric vehicle division to better tap growth opportunities through onboarding of partners
BUSINESS
Tata Motors, Mahindra & Mahindra dodge chip shortage with innovation
Tata Motors and Mahindra & Mahindra have lowered chip usage to reduce the waiting period, which is at 12 months for some vehicles. Tata Motors and Mahindra are estimated to have over 300,000 pending orders.
BUSINESS
Mahindra & Mahindra ‘open’ to funding for electric vehicle business once again
This is the second time that the Mumbai-based company is talking about bringing an investor on board for its EV business.
BUSINESS
Bajaj Auto may set up first electric vehicle plant in Akurdi
The Akurdi plant has been out of action since 2007, after rolling out its last two-wheeler. Bajaj Auto is now seriously looking at resurrecting the factory to drive its EV ambitions
BUSINESS
Mahindra-led Classic Legends plans BSA bike launch, output expansion
While the company has three main models – Jawa, 42, and Perak – in its line-up there are plans to get the century-old British motorcycle brand BSA rolling too.
BUSINESS
Diwali bookings: Hotels run out of rooms as travellers hit the road
Hotel chains, resorts and short-haul destinations capitalise on a surge in bookings for the Diwali weekend to revise up room rates.
BUSINESS
Car buyers cancel bookings as auto companies delay Diwali deadline
While booking cancellations are normal in the automotive retail business, the level of cancellations this year is unusually high, say dealers.
BUSINESS
Auto dealer body claims Diwali 2021 is the worst in a decade
Two-wheeler demand, especially for entry level motorcycles, has taken a hit partly due to the pandemic and partly due to rising fuel prices
BUSINESS
Tata Motors may not need a managing director after all
The Mumbai-based manufacturer of luxury cars, sports utility vehicles (SUVs) and trucks is not looking for a replacement for Guenter Butschek, who stepped down from the MD’s position by the end of June 2021
BUSINESS
Tata Motors fast running out of capacity but no new factory planned
With slight improvement in the manufacturing capacity Tata Motors will move to producing half a million units, which would be the third highest in India after Maruti Suzuki and Hyundai
BUSINESS
“Ola hasn’t produced anything.” Rajiv Bajaj takes potshots at EV startups
'Picture abhi baaki hai', says Bajaj Auto managing director Rajiv Bajaj, adding that he would bet on BET (Bajaj, Enfield, and TVS).
BUSINESS
Exclusive: Maruti plans new plant after 15 years; sets aside Rs 2,200 cr for FY22 capex
The investment is part of Maruti’s 10-year, Rs 18,000 crore investment plan, which envisages annual capacity creation of 1 million units. This new plant will come up in Haryana, home to Maruti Suzuki since its birth in 1983
BUSINESS
Lumax Group looks at Rs 450 crore capex in FY22-23
Of Rs 450 crore capex that Lumax Group is looking for, about Rs 150 crore would be for building electronic competency and Rs 150 crore for brownfield capacity building. The rest would be dedicated to some joint ventures, says Deepak Jain, Chairman and MD, Lumax Industries.
BUSINESS
Indian Hotels hopes to wipe out Rs 3,571 crore debt in 18 months
The company expects to clear its debt by raising funds through a rights issue, followed by a qualified institutional placement of shares
BUSINESS
Eicher Motors: Siddhartha Lal’s reappointment as MD brings curtains to two-month long controversy
Siddhartha Lal had been in the thick of the controversy that saw proxy advisory firms raise objections
BUSINESS
Siddhartha Lal's reappointment as Eicher Motors' MD gets shareholders' approval
That apart, payment of remuneration to Siddharth Lal for a period of five years starting May 1, 2021 has also been approved.
BUSINESS
Exclusive | Pankaj Munjal’s Hero Cycles plans IPO, fundraising and acquisitions
Hero Cycles is set to buy two overseas companies as it seeks to expand its global footprint
