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
BUSINESS
Riding high on scooters, two-wheeler cos make entry-level motorbikes pillions
Scooters have expanded their share to 34% while that of entry level bikes have shrunk to 36% in the domestic two-wheeler market.
ECONOMY
Highway completion rate leapfrogs in Jan-Mar, hits 40 km/day mark
From 17km/day the government closed the year at 22.55km/day, a jump of more than 30% translating to 40km/day during Jan-Mar.
BUSINESS
After winning with KTM, can Bajaj Triumph again?
Exactly 10 years ago, Bajaj pursued Triumph for a buyout deal before shelving those plans to buy a stake in KTM instead.
BUSINESS
Vehicle interior specialist IAC to invest Rs 100 crore in India, increase capacity
The Rs 100 crore investment will be done across three locations — Pune, Manesar and Nashik.
TECHNOLOGY
Aussie cricketer Matthew Hayden now a director on Mahindra Automotive Australia
The 45-year-old southpaw, who led Australia to several victories including some memorable tests played in India, joined the board last year along with two other Australians.
TECHNOLOGY
This week in Auto: Bajaj joins hands with Triumph, Tata-VW call off alliance
The week saw several important developments – from start of a new partnership to break-up of a promising one, from launch of a new SUV to a shocking rise in cess on big vehicles. Here is the complete list of the all stories that made headlines this week.
TECHNOLOGY
Business environment uncertain, policy stability needed: Maruti Suzuki MD
MSIL Chairman R C Bhargava stressed the need to keep pace with changing technologies
TECHNOLOGY
Global markets to become more competitive for Jaguar Land Rover: CFO
Wholesales volumes are expected to come under pressure in some of the JLR’s premier markets like the UK and the US
TECHNOLOGY
Maruti's Baleno, Brezza lead charge in July as industry reemerges from GST hiccups
Baleno, Brezza topped the growth charts during July even as both models together control one-fifth of total domestic volumes of Maruti Suzuki.
TECHNOLOGY
Honda City, Maruti Ciaz among 50 cars to become dearer in a month. Full list here
Sedans like Honda City, Maruti Suzuki Ciaz, SUVs like Hyundai Creta and Toyota Fortuner, entire luxury car range of Mercedes-Benz to Volvo will see the jump in prices. Prices of Jeep Compass will also rise.
BUSINESS
Honda gears up for global electric foray, plans to launch e-bike in India soon
The company is working on an electric vehicle (EV) and plans to soon launch one model globally, followed by a rollout in India.
BUSINESS
Honda aims to overtake Hero Motocorp in India by 2020
Over the last few years Hero Motocorp has been eager to grow markets outside India whereas Honda has made India its biggest two-wheeler Hero market contributing 30 per cent to its global sales.
TECHNOLOGY
MG Group partners with Scania for making premium buses
The MG Group partnership will be responsible for designing and manufacturing of coaches of premium buses for sale in India
TECHNOLOGY
Gadkari warns bus makers to shift to green fuel, match European quality standards
The Union Minister urged vehicle makers to give up diesel, considered as a major source of air pollution, and adopt greener means like electric, ethanol and bio-CNG as fuel
TECHNOLOGY
Jeep Compass SUV launched in India, priced at Rs 14.95 lakh with seven variants
The top end variant of the Jeep Compass will come at Rs 20.65 lakh. Fiat Jeep Compass will compete with Tata Motors Hexa and Mahindra XUV500.
BUSINESS
Turnaround pressure prompts Tata Motors to review projects every month
Tata Motors is executing a major strategic and operational overhaul for significant and sustained improvement in metrics.
BUSINESS
Jaguar Land Rover capex to rise to 4 bn pound this year
The increase in investment spending will mark a growth of an astounding 18 percent over the Pound 3.4 billion spent last financial year. The two brands have steadily increased their investments over the past years relying majorly on cash generated by operations.
BUSINESS
Tata Motors' N Chandrasekaran says business turnaround is need of the hour
Last year, Tata Motors recorded its second worst-ever loss in its 72 year history at Rs 2,480 crore at the stand-alone level.
BUSINESS
This week in Auto: Tata Motors unveils Nexon, government to block driverless cars technology
Here is the list of all the important developments from the automotive world.
TECHNOLOGY
Behind the wheels of Tata Nexon: A first look
Flashy styling, unconventional looks and loads of features make the Nexon a real challenger in the compact sports utility vehicle.
TECHNOLOGY
Can Nexon replicate Tiago's success for Tata Motors?
The tide has been in favour of Tata Motors but will it sustain?
