BUSINESS
Two-wheeler sales in December rise 8%: Here's all you need to know
India's seven two-wheeler manufacturers who control more than 98 percent of the domestic market clocked sales of 1.12 million units in domestic sales in December, up 8 percent compared to 1.04 million units.
BUSINESS
Year-ender 2020: Hotels were the first to be hit by the COVID-19 pandemic
As per estimates, the hotel industry has suffered a revenue loss of Rs 90,000 crore due to the COVID-19 pandemic.
BUSINESS
This week in Auto: 2020 was a forgettable year, welcome 2021?
Here is a complete look at all other stories that made headlines in the auto space
BUSINESS
Why Honda pulled out the Civic, CR-V models from India and shut its Greater Noida plant
The combination of lower efficiency at the Greater Noida plant and poor sales of the Civic and CR-V meant that Honda had very little options to work with
BUSINESS
SsangYong’s bankruptcy filing brings to light Mahindra & Mahindra’s struggle with partnerships
A look at its history highlights how M&M has struggled to diversify, to reduce dependence on its core tractors and domestic SUV business.
BUSINESS
Parliament panel concerned over lack of clarity on EV switchover plans
Citing the lack of infrastructure and an ecosystem, the committee advised the government to adopt a phased manufacturing programme for the switchover to e-mobility as the entire automotive manufacturing system would have to be overhauled. It also recommended a reduction of GST on fuel-based automobiles to 18 percent to spur demand and improve GST revenue.
BUSINESS
SUVs beat other body styles to become fastest growing segment
Mid-size SUVs and compact SUVs turned the demand tide in 2020, which was otherwise a forgettable year for the industry. As of the end of November, compact SUVs controlled 15.5 percent of the passenger vehicle market, up from 11.46 percent at the end of August.
BUSINESS
Countries with the highest number of road accidents: Find out where India stands
According to the Ministry of Road Transport and Highways data India saw nearly 1.51 lakh deaths in 2018, the highest in the world. Data for other countries supplied by International Road Federation Geneva.
BUSINESS
Here’s why bicycles are suddenly selling like hot cakes
The fear of taking public transport during the pandemic, combined with health and environmental consciousness, has suddenly made the humble bicycle all the rage
BUSINESS
This week in Auto: A ‘U’ turn by Maruti Suzuki on diesel?
Here’s a look at all the news that made headlines in the past week.
BUSINESS
Italian bike brand Benelli revs up for a revamped ride in India
Starting January, Benelli intends to launch one product every month till August. The company will also open more than one dealership per week till the end of March. This will take the total dealership count to 50 from 34 now, with most coming up in Tier-2 and Tier 3 locations.
BUSINESS
With auto companies on song, be prepared to shell out more in 2021
Automakers across the board are expected to hike prices of their vehicles to cope with rising costs, especially raw material costs, and boost bottomlines
BUSINESS
Take a look at the discounts carmakers have rolled out in December
It’s that time of the year again, when car makers dole out discounts in an effort to get rid of stocks and start the New Year with a clean slate. This year’s discounts are, however, lower than those offered this Diwali and last December. In December 2019, companies were keen to get rid of Bharat Stage IV stocks
BUSINESS
Daimler to launch India's first electric truck
While several commercial vehicle makers have launched fully electric buses on Indian roads, no manufacturer has shown interest in launching electric trucks. If it succeeds, Daimler will have the first mover’s advantage. The company says it will detail the plan at its Future Mobility event next year
BUSINESS
Karnataka Labour Department declares Toyota Kirloskar worker strike and company lockout illegal
On November 13, TKM had suspended 39 members of the union, who, it alleges, were involved in acts of misconduct. They were placed under suspension, pending enquiry. Prior to this, Toyota had declared a lockout at both its plants, located in Bidadi, Karnataka, after the workers called a strike following the suspension of the union’s treasurer early in November
BUSINESS
Got revenge travel plans for the year-end? Get ready to spend a fortune
Affordable rooms in go-to properties at top national destinations such as Goa, Kerala, Andaman and Rajasthan are pretty much sold out. For the hotel industry, which has been battered by the Covid pandemic, the peak season bookings come as a relief
BUSINESS
This week in Auto: Auto demand improving but can production keep up?
Here is the list of all the important events that occurred in the auto sector this week
BUSINESS
TVS Group begins the arduous task of simplifying ownership structure
The rearrangement of shareholding of TVS Group will help the next generation of entrepreneurs branch out to newer investment areas
BUSINESS
Tractor industry headed for a bumper finish, set to record best-ever sales
The ongoing protests by farmers, however, could disrupt sales in December. Currently, tractor sales are on track to go past the lifetime record set in 2018. Sales between January and November 2020 stood at 7.4 lakh, whereas the industry ended 2018 with sales of 7.9 lakh tractors
BUSINESS
A look at Nissan Magnite -- the cheapest compact SUV in India
Nissan Magnite launched in India at Rs 4.99 lakh. Check out features, specifications and other details about the compact SUV
BUSINESS
Auto sales report: How two-wheeler companies in India fared in November
India’s seven two-wheeler makers clocked a growth of 13.4 percent in sales in November at 1.59 million units as against 1.40 million units sold in the same month in 2019
BUSINESS
Renault Kiger SUV announced | Check out details, engine, price, launch date
The Renault Kiger is the compact SUV from the French carmaker which is set for debut in the final quarter of this FY. Check out all the details of the car here
BUSINESS
This is the Royal Enfield Meteor 350 - check price, specs and the rest here
Royal Enfield has added the Meteor 350 cruiser to its lineup. Check out every detail of the bike which is replacing the Thunderbird 350
BUSINESS
Hyundai Elite i20 launched; check price, specs, and other details here
Hyundai has launched one of the best selling premium hatchbacks Elite i20. The car will compete against the Maruti Suzuki Baleno and Tata Altroz. Here are all the details about the car
