BUSINESS
Auto wrap | Govt allows electrification of cars, car makers raise prices
Here is a lowdown on all the important developments in the auto space during the week.
BUSINESS
Truck makers race against time to comply with new axle load norms
The government has allowed an increase in axle load capacity of 12-15% on all trucks. All trucks approved on or after July 16 shall be tested for the higher axle loads
BUSINESS
Mahindra to halt new models launches after March 2019, will wait for BS-VI norms to kick in
Like its peers, M&M will take a pause in new model launches as the country prepares to adopt the Bharat Stage VI emission norms, which will come into effect from April 1, 2020.
BUSINESS
Promoters forgo salary for second straight year as Hotel Leela's financial mess worsens
Any further reduction of the company's debt through sale of properties has been stalled because of legal disputes and an inability to find buyers at given valuations
BUSINESS
Apache RR 310 sales skid off the track, TVS Motor faces tall task to meet targets
TVS has to now ramp up sales nearly four times to meet that target with minimum sales of 1,333 units a month in the next four months.
BUSINESS
I will make scooters when Royal Enfield makes scooters: Rajiv Bajaj to shareholders
BUSINESS
This week in Auto: Bajaj rivals lose share in 100cc segment; yet another automaker shuts India sales ops
Here is the Weekly Wrap of all the major developments from the automotive industry
BUSINESS
Bookings for Royal Enfield 650cc Continental GT, Interceptor to start from November
Unlike its earlier plan to launch the bikes outside India first, the company may now be planning to simultaneously launch it worldwide
BUSINESS
Bajaj Auto’s discount gamble pays off, catches rivals Hero MotoCorp, TVS off guard
By end of June quarter Bajaj Auto’s market share in the 110cc segment jumped to 15% from 10% clocked in the same quarter last year.
BUSINESS
Second coming: Benelli to turn India into hub for big engine bike development, production
Benelli and its partner Mahavir Group will ready investments for a R&D centre, a manufacturing facility and a parts supplier park as part of their Phase II expansion programme
BUSINESS
Exclusive | Bus segment has seen a revival, says Suresh Chettiar of Volvo Buses
In India, the Swedish giant has been steadily building its brand in the premium segment
BUSINESS
Volkswagen-owned MAN Trucks shuts shop in India
MAN thus becomes the second major automotive brand after General Motors in 14 months to call it quits in India
BUSINESS
Riding past Nano, production at Tata Motors' Sanand plant reaches its peak
Set up in 2010 to produce the Nano, the Gujarat plant has seen addition of Tiago, Tigor and Tigor EV (electric vehicle) over the recent years
BUSINESS
Mahindra & Mahindra Q1 preview: Net profit expected to see double-digit growth
BUSINESS
TVS Motor Q1 preview: rural demand and exports could help it post 34% growth in net profit
As per the poll, revenue of the company is expected to come in at Rs 4,220 crore for the June quarter, a growth of 13 percent as compared to Rs 3,743 crore posted in the same quarter a year ago
BUSINESS
This week in Auto: Harley-Davidson to develop mini bikes, Fiat blocks Mahindra's entry into US
Here is what made headlines in the automobile sector this past week
TECHNOLOGY
Cost to upgrade Nano is very high: N Chandrasekaran
The company separately stated that 'each car model has a business case and a decision will be taken based on each case'.
BUSINESS
Jaguar Land Rover needs to cut costs: N Chandrasekaran at Tata Motors' AGM
The company's profit from JLR declined nearly 11 percent on year to 1.13 billion pounds last year
BUSINESS
Fiat blocks Mahindra's second coming in the US, says Indian co copying its model
Fiat Chrysler (FCA) says that Mahindra claims to model the Roxor on the Willy's Jeep which is strongly opposed by FCA
BUSINESS
Piaggio lines up new investments, to launch electric three-wheeler before 2020
As per SIAM data, Piaggio clocked volume growth of 26 percent to 40,401 units during the April-June period as against 32,108 units sales clocked during the same period last year.
BUSINESS
Tata Motors ups capex for truck and bus business, bags more orders for electric buses
Tata Motors' commercial vehicles sales grew 75% on year to 105,610 units during the April-June quarter, much higher than the industry's growth of 52%
BUSINESS
Truck makers confused over govt’s diktat on new axle norms, consumers likely to postpone purchases
Manufacturers said they have experienced a dip in retail offtake after the announcement
BUSINESS
Maruti Suzuki says it's on track for double-digit growth for the year despite flat sales in July
Waiting period on the Baleno, Swift and Dzire continues in the range of 2-4 weeks
BUSINESS
Mahindra may not upgrade some models to BS-VI, says Pawan Goenka
A call will have to be taken about the future of those products that are low in volume
