BUSINESS
Apollo Tyres doubles FY20 capex to Rs 3,000 crore
Apollo Tyres’ seventh global manufacturing factory coming up in Andhra Pradesh will see an initial investment of Rs 1,800 crore.
BUSINESS
Tata Motors, M&M in a fix over government’s shifting policy stance on hybrids
Both Mumbai-based companies are advancing towards full electrification and thus do not have any significant plans for hybridisation of their products
BUSINESS
Buyers switch to high mileage bikes as petrol prices, third-party insurance premiums head north
Buyers preferred to switch to cheaper and more fuel efficient 100cc budget bikes than opt for 125cc bikes. On an average, budget bikes give a mileage of 75-80 km per litre as against 60-65 km for 125cc bikes
BUSINESS
Auto wrap: Govt doles out package for EVs, disincentivises private buying
Here is the complete list of top auto stories of the week.
BUSINESS
Peugeot to bring electric cars in its India debut in 2021
PSA invested in developing a modern vehicle platform called Common Modular Platform
BUSINESS
MRF workers call off agitation after management agrees to hike wages
The agitation, which began on February 8 over demands for wage revision and removal of CCTV cameras from certain areas, ended on February 25.
BUSINESS
Mahindra Glyd-es into Mumbai's app-based taxi business; to rival Uber, Ola
Though brand Glyd is owned by M&M the fleet will be owned by third party companies and drivers and not Mahindra
BUSINESS
Royal Enfield workers end stir at Chennai plant on Saturday; production loss pegged around 3,000 units
This move comes after the company’s management, which termed the strike illegal, has claimed to have given transfer orders to five more workers
BUSINESS
This week in Auto: Two-wheeler companies struggle with high inventory; electric three-wheelers make a beeline
Here is the complete look at what created news in the auto space this week.
BUSINESS
Jumeirah Hotels still scouting properties in India
The operator of Burj Al Arab is keen to have a property in either Mumbai, Delhi or at resort locations such as Goa and Kerala however it has not yet found the ‘right partner'
BUSINESS
Toyota looking at self-charging EVs as future of mobility in India
Its cooperation agreement with Suzuki Motor Corporation for sharing of vehicles and joint development of technologies is a step towards introducing the self-charging electric vehicle in India
BUSINESS
Steering Tata Motors to dominance: Tata Sons chief Chandrasekaran has his task cut out
While the Chairman is taking corrective measures within the walls of JLR, there are other bigger and more challenging issues that threaten to undermine his efforts.
BUSINESS
Growth slowdown: Two-wheeler companies, dealers struggle to liquidate stock; inventories rise by 4 weeks
Some dealers are even carrying inventory, which are more than a year old
BUSINESS
This week in Auto: Daimler India drives in profits, Mahindra in launch juggernaut mode
Here is the brief list of all the major developments in the auto space
BUSINESS
Daimler India’s truck company records profit for first time; to launch 52 vehicles in 2019
The turnaround also comes at a time when two of Europe’s biggest truck and bus brands MAN and Scania shut operations in India after unsustainable losses
BUSINESS
Heavy truck major Ashok Leyland earmarks Rs 1,000 crore capex with focus on light trucks
The Chennai-based company will be investing around Rs 1,000 crore
BUSINESS
Credit tightening, elections may restrict luxury car growth in 2019: Volvo India MD
Volvo will be three new plug-in hybrid due to launch in three years
BUSINESS
Future bleak for Navi, Cliq as Honda says it won't upgrade all models to BS-VI
Honda, which manufactures and sells India’s best-selling two-wheeler Activa, has a portfolio of 24 models
BUSINESS
Exclusive | Not looking for any GST rate reduction on two-wheelers: Pawan Goenka, Mahindra
He said that the current rate of GST on two-wheelers is at par with the earlier tax rate of excise and VAT, and does not require changes.
BUSINESS
This week in Auto: Tata Motors' loss scales new peak; wholesale vs retail battle
In today’s wrap of the week, we look at why a section of the industry feels disenchanted by the way the industry has been at work.
BUSINESS
Honda in favour of two GST slabs for two-wheelers
Two-wheeler companies have supported a plea for reducing GST on some two-wheelers having engines of certain size
BUSINESS
EXCLUSIVE: Bajaj Auto’s electric vehicle brand Urbanite to debut in 6-9 months
A new dealer network from scratch will be set up for the electric vehicle foray
BUSINESS
Egypt wants to wean away Bajaj Auto’s rickshaw drivers to help build a new Cairo instead
Nearly a fourth of Bajaj Auto’s three-wheeler overseas shipments head to Egypt, making it the second largest market in the world for the Pune-based company after Sri Lanka
BUSINESS
Budget 2019: Government reduces subsidy for electric vehicles by 25% to Rs 195 cr
This is the first such sequential drop in provision provided by the government since the launch of FAME scheme.
