BUSINESS
New factory in Rajasthan, electric cruise scooter on track: Okinawa
Company will also launch the Oki100 fully battery electric bike, which will be priced under Rs 1 lakh. It will be the cheapest electric motorcycle in India. Expansion plans got delayed only by a quarter, says top executive.
BUSINESS
Bajaj Auto to take a ‘limited approach’ towards electric vehicles
High battery costs limiting development of category, says Executive Director; Supplies from China, which dominates the battery market, could also become erratic after recent border tensions
BUSINESS
This week in Auto: For Rahul Bajaj, e-meet is not as good as real AGM; Chandrasekaran warns of uncertainties at JLR
Here is a complete look at events that made headlines in the auto space during the week.
BUSINESS
Demand almost 95% in July: Bajaj Auto ED Rakesh Sharma
Certain urban markets are underperforming because of lockdown-related measures but rural demand has compensated for the shortfall
BUSINESS
Bajaj Auto to open design centers in Europe, Bangkok; plant in Brazil
The two design centres will be the first by Bajaj Auto outside of India.
BUSINESS
Hoteliers must chase Indian tourists if foreign travellers stay away: Oberoi Hotels Chairman
Around 80 percent of the demand for hotel rooms in India is generated by domestic travellers.
BUSINESS
Auto distress? These 2-wheeler company bosses gave themselves fat pay hikes in FY20
Beginning with an economic slowdown, which was exacerbated by the Covid pandemic at the end, FY20 was a tough year for India’s auto sector. But that didn’t stop top executives at some 2-wheeler makers from riding away with pay hikes
BUSINESS
Tata Sons Chairman Chandrasekaran warns of uncertainties for Jaguar Land Rover
To prepare for the future JLR is taking the route of partnerships in areas such as driverless cars and electric mobility
BUSINESS
Nobel laureate Muhammad Yunus may work with Niti Aayog to create new micro finance system
Muhammad Yunus could work with the Niti Aayog to frame a proposal for making funds more accessible to the poor
BUSINESS
As large and stylish become hot favourites, SUVs put compact luxury cars on the death lane
Small luxury cars were once the volume generators for the automotive industry. Today, companies are pulling them out of showrooms. Mercedes-Benz India, for example, has phased out three of its four models in less than a year.
BUSINESS
Demand hits new peak at Hyundai as company starts third shift
Restarting the shift means company well on way to hitting peak capacity. Demand shoots up its cars substantially in June, led by the all-new Creta SUV
BUSINESS
This week in Auto: Has real demand picked up?
Here is a detailed look at what made headlines in the auto space this week.
BUSINESS
Exclusive | Tractor sales in June hit third highest in 30 months
Record water levels in the reservoirs and expectations of a good monsoon is boosting tractor demand
BUSINESS
VE Commercial Vehicles develops technology to remotely access truck and diagnose faults
Telematics, a new concept to the Indian trucking industry, can help repair vehicles within four hours of receiving complaint
BUSINESS
At Rs 11,000 crore, outlay by auto companies hit multi-year low
As per the capex guidance provided by 12 listed companies there is a 40-42 percent reduction in capex for the year
BUSINESS
Taj Hotels cannot yet check into Sea Rock even after a 11-year-old wait
Company asks shareholders to wait for two more years. Environment clearance, PIL and permission for direct access from below the Bandra-Worli Sea Link to Taj Lands End main irritants.
BUSINESS
As Aurangabad goes into lockdown, questions raised on Bajaj Auto's Waluj plant
The Waluj plant, which reopened on June 24 after a month long shutdown, employs more than 8,100 employees and contractors
BUSINESS
Maharashtra easing lockdown curbs; hoteliers divided over 33% cap
Hoteliers will now be able to open hotels whose inauguration was stuck due to the lockdown
BUSINESS
Audi India head says luxury cars may benefit from the absence of luxury holidays
Q&A with Balbir Singh Dhillon, Head of Audi India
BUSINESS
This week in Auto: Indian EV startups beat slowdown to raise capital
Here is a complete look at what else made headlines during the week
BUSINESS
Resort memberships skip the slowdown blues; timeshare holiday companies witness no cancellations
Between, Mahindra and Sterling, there are over 360,000 members. Timeshare, also known as vacation ownership, members typically choose the EMI mode to pay the fees, spread across 6-48 months.
BUSINESS
Ford, Mahindra to expand tie-up to muster up a rival to Hyundai's Creta
Mahindra will look to plug a gap in its portfolio with this model built on Ford platform.
BUSINESS
Biggest recall ever | 333 Volvo cars in India among 2.1 million recalled globally over seat belts issue
The Swedish carmaker said the affected models are Volvo S60, S60L, S60CC, V60, V60CC, XC60, V70, XC70, S80 and S80L manufactured between 2006 and 2019
BUSINESS
The battle may have just begun, says Rahul Bajaj on COVID-19 disruption
"With a partial easing of lockdown, our facilities at Chakan, Waluj and Pantnagar have opened, but are far from working at full pace,” Rahul Bajaj said.
