BUSINESS
In Pics: MG Hector engine, price, variants, feature, launch details
Check out the engine, price, variants, feature, launch details of the the MG Hector
BUSINESS
Truebil bets big on used-car market growth, looks to grow 5x this year
Currently, the start-up is enjoying Rs 30 crore of revenue every month while GMV (gross merchandise value) is around Rs 40 crore.
BUSINESS
This week in Auto: Car sales tumble in April, Hero bets on premium bikes yet again
Here is a list of all the important automotive stories that made headlines during the week
BUSINESS
Demonetisation has crippled cash market for used cars
Cash-based payment system formed 80% of used car transactions before November 8, 2016 which has shrunk to 34%
BUSINESS
Hero MotoCorp to nearly double FY20 capex to Rs 1,500 crore for Andhra plant, BS-VI lines
The Delhi-based manufacturer is setting up a new plant at a time when its peers are initiating production holidays and cutting back on output due to fall in sales for the past two consecutive quarters and higher inventory at dealers end
BUSINESS
Maruti cuts discounts by 38% sequentially ahead of BS-VI rollout
Maruti Suzuki said the average discount per vehicle offered to its dealers dipped to Rs 15,125 during Q4 from Rs 24,300 in Q3
BUSINESS
Maruti Suzuki may completely move Brezza production to Toyota’s Bengaluru plant
If the company goes ahead, this will be the first of its kind move as Maruti has not outsourced the production outside the Suzuki fold till now.
BUSINESS
In pics: Ducati drives in new Scrambler range into India starting at Rs 7.89 lakh
Ducati has launched the Scrambler Icon, Full Throttle, Café Racer and Desert Sled, which are priced at Rs 7.89 lakh, Rs 8.92 lakh, Rs 9.78 lakh and Rs 9.93 lakh, respectively.
BUSINESS
This week in Auto: Maruti to switch off diesel engines, Yamaha to revamp India play
Maruti Suzuki will phase out all models with diesel engines less than 1.5 litres in view of the Bharat Stage VI emission norms kicking in from April 1, 2020.
BUSINESS
Maruti Suzuki’s planned diesel phase-out leaves dealers worried about margins
Though enquiries for diesel models are struggling to convert into actual sales, dealers stand to miss out on the higher margin offered
BUSINESS
Yamaha looks to revamp India play with new scooters, sports bikes
The Japanese two-wheeler brand is desperate to revamp its presence in India given its consistent lacklustre performance during the past several years
BUSINESS
In Pics: Honda CBR650R launched at Rs 7.7 lakh
CBR650R further strengthens the model line up to be sold and serviced under Honda BigWing
BUSINESS
FAME-II subsidy: Carmakers voice resent over exclusion of private vehicles
FAME-II does not provide incentives to private car buyers unlike FAME-I, where buyers benefited from a direct subsidy of Rs 1.38 lakh
BUSINESS
This week in Auto: Hyundai unveils new SUV, Bajaj launches Qute
Here’s a list of all the major development in the automotive space of the week
BUSINESS
DHL to add 10,000 trucks in India, bullish on growth prospects
The company entered the e-commerce solutions market last year and has added 745 trucks since then.
BUSINESS
Renault not in hurry to launch electric vehicles in India
Renault has multiple EV programs in progress for several countries including China.
BUSINESS
Honda CB300R India quota sold out, but bookings still open
Bookings for the bike, which costs Rs 2.41 lakh, swelled to 500 units within two months of the launch
BUSINESS
Renault bets on new launches to revive fortunes in Indian market
Renault will launch four products, including two all-new models, over a course of 15-18 months to resurrect its India operations.
BUSINESS
Two-wheeler production falls to its worst in five quarters
Increased insurance and product costs, tightened lending norms, high fuel prices, poor sentiments and demand saturation in certain segments such as scooters have affected retail off-take of two-wheelers.
BUSINESS
This week in Auto: PV sales slowest in 4 years; Can Ford give up India ops?
Here’s a rundown of all the major developments in the auto space this week
BUSINESS
Tech-based logistics start-up DOT looking for $25mn fund raising
These funds would be used by the company, which is valued at $75-80 million, to expand operations not just in India but in North America, Asia and the Far East as well.
BUSINESS
Greaves Cotton rolls out lithium ion e-scooters; CNG engines with 25% more mileage up next
Greaves will provide the technology for Ampere’s battery-powered scooters that are ready to hit the market this month. Ampere was using the old generation lead-acid battery technology since its formation 10 years ago.
BUSINESS
Sahara Hotels plans to set up three properties, expand Mumbai hotel
A part of the group's existing land bank could be tapped to set-up these properties.
BUSINESS
This week in Auto: Sales sputter in FY19, companies reappoint directors well past their retirement age
Here’s a complete of the main developments in the automotive space during the week.
