BUSINESS
Ashok Leyland’s deal with Rosoboronexport strengthens bid for Rs 60K cr army project
The Rs 60,000 crore project involves supply of 2,600 of combat vehicles that are to be supplied to the Indian army over a period of several years years.
BUSINESS
M&M launches electric passenger 3-wheelers at Rs 1.12 lakh
Mahindra & Mahindra, the only manufacturer of electric three-wheelers in the country, has launched the e-Alfa, an electric passenger three-wheeler at Rs 1.12 lakh (ex-showroom, Delhi).
BUSINESS
Dzire topples Alto to emerge as the largest selling model in August
Dzire, whose all-new avatar was launched by the car market leader in May, saw doubling of sales in August to 30,934 units, as against 15,766 units sold in the same month last year.
BUSINESS
No rollback of cess on big cars but vehicle scrappage policy could come in: Nitin Gadkari
The proposed 10 percent hike in cess on large cars to which the Cabinet gave its green light recently shall not be rolled back by the government said Nitin Gadkari, Minister of Road Transport and Highways, today.
BUSINESS
We must make India the export hub of electric cars: NITI Aayog's Amitabh Kant
The government has already made it clear that all vehicles sold in India will be fully electric by 2032 for which several plans are also put into motion.
TECHNOLOGY
Nissan Leaf likely to hit Indian roads next year end, run into Tesla's Model 3 launch
Leaf’s India launch could clash with the much-awaited launch of Tesla Model 3, which at $35,000 is more expensive than the Nissan car at the moment.
BUSINESS
Tata Motors CTO Tim Leverton resigns
Ravi Pisharody, ED, commercial vehicles, was the first to quit the company a few months ago followed by C R Ramakrishnan, chief financial officer who will be retiring from the company soon.
BUSINESS
Fearing cost rise after cess hike buyers rush to buy luxury cars
The government, under GST, charges 28 percent on small cars. Another 15 percent is charged as cess on large cars.
BUSINESS
Audi launches petrol Q7 at Rs 67.76 lakh
With the launch of the Q7 40 TFSI, Audi’s flagship SUV is now available in both petrol and diesel engine options. The top of the line Technology Pack is priced at Rs 74.43 lakh.
BUSINESS
Mahindra ‘withdraws’ from mass market two-wheeler segment
Mahindra Two Wheelers, the subsidiary which was merged into M&M last year, has been a challenging venture, having failed to clock profits in any year since its inception
TECHNOLOGY
This week in Auto: Cabinet approves cess hike, auto sales zoom in August
Here is the list of all the key developments in the automotive space this week
TECHNOLOGY
M&M working on electric makeover for Scorpio & XUV500, to spend Rs 300-400 cr on EVs
The company will also be identifying technology partners for EV related technologies.
BUSINESS
After govt nod to cess hike on large cars, auto cos wait for news on quantum of levy
With the cabinet giving its nod for a hike in cess on large cars and SUVs manufacturers are watching with bated breath the quantum of the hike which is expected to be announced soon.
BUSINESS
Maruti Suzuki showrooms are set for a revamp — you will now enter an Arena
The company plans to make digital integration a pivotal point in front-end sales over the next five years.
BUSINESS
M&M renames Mahindra Gujarat Tractors, launches a new brand 'Trakstar'
Mahindra Gujarat Tractors to be rebranded as Gromax Agri Equipment greater as it lays greater emphasis to grow the business
BUSINESS
This week in Auto: Shareholders corner TaMo chairman, Merc launches new super cars
A round-up of the top stories of the week from the auto sector.
TECHNOLOGY
Hyundai revs up for an electric debut, schedules launch of e-vehicle before 2020
Korean car brand Hyundai is all set to jump onto the electric vehicle bandwagon with a product launch scheduled before 2020
TECHNOLOGY
Tata Motors charts detailed plans to change manufacturing footprint
The company is laying down a complex but necessary action plan as per which it will alter its manufacturing set up for both commercial and passenger vehicles to leverage past investments.
BUSINESS
Will Tata Nano remain on the road? N Chandrasekaran gives little away
Shareholders speaking at the 72nd Annual General Meeting demanded to know the future of Nano, which has become a beleaguered product for Tata Motors despite years of efforts to generate consumer excitement.
BUSINESS
Riding on Nexon, Tata Motors aims to double market share in passenger vehicles biz
In the last six years, the company’s market share fell to 5.2 percent last year from 13.1 percent recorded in 2011-12.
TECHNOLOGY
Skoda launches Rapid Monte Carlo at Rs 10.75 lakh
The new Skoda car sits in a white space as the lower end of the Monte Carlo will compete against the middle variants of the Honda City and to-be-launched Hyundai Verna.
BUSINESS
Indian Hotels to open 21 new hotels this year, raise Rs 1,500 crore via rights issue
Of these, 10 hotels will be under the Taj brand name, while 11 will be under the Ginger brand name. The rights issue will meet long term financing needs for capital expenditure, growth plans and debt payments of the company.
TECHNOLOGY
This week in Auto: Tata Motors appoints new CFO, VW submits recall plan before NGT
Here's a wrap of the key developments in the automotive space during the week.
TECHNOLOGY
M&M feels the heat as GST cess hike hits 75% of Mahindra Scorpio volumes
Taxes on the Scorpio, M&M's second highest-selling utility vehicle (UV), surged to 43% from from 30% under GST on the hybrid version
