BUSINESS
Tata Motors and JLR facing headwinds but we are prepared to grow, says N Chandrasekaran
ndian automotive industry is fraught with mid to long term challenges such as shift to electric vehicles, new safety and emissions norms and shared mobility
BUSINESS
In a first at Mahindra, MD's pay package surpasses that of Chairman's
Interestingly, a managing director getting paid more than a company's chairman is not an unusual occurrence in the automotive industry
BUSINESS
ITC to open its first luxury hotel under ITC Grand brand in Goa this year
The company will take over Hyatt's beach front (Arossim beach) property located at Cansaulim, South Goa in September.
BUSINESS
Want to sell 1.5 million electric cars a year in India by 2030, says Suzuki chairman
Suzuki hopes to continue to have 50 percent market share in India from now through 2030, which would mean achieving sales of five million units a year by then
BUSINESS
This Week in Auto: Volkswagen group readies Rs 7,900 crore for India; Volvo comes out of the shadows of its German rivals
Here’s a look at all the important developments in the auto space during the week
BUSINESS
Luxury car segment: Mercedes-Benz retains top spot, BMW close second
Mercedes-Benz India sold 8,061 luxury vehicles during the period of January to June this year as compared to 7,171 vehicles sold in the same period last year.
BUSINESS
IPO high: Varroc aims to break into the world’s top three lighting systems makers
Varroc acquired the lighting system division of US-based Visteon in 2012 for $92 million, becoming the sixth-largest automotive lighting system manufacturer in the world
BUSINESS
In SUV XC40, we have an opportunity to bring in a new customer: Volvo Cars India MD
Swedish luxury car brand Volvo Cars today launched its most affordable SUV XC40 in the Indian market.
BUSINESS
CEAT to fund Rs 4,000-crore capex through internal accruals
At least 30 percent of the capex will be funded by internal accruals
BUSINESS
No place for cheap sub-four meter cars in our India revival plan: Skoda
The sub-four meter category has a price positioning not only unique to India but something not possible for Skoda to accept given the premium brand recall, the CFO of Skoda Auto said.
BUSINESS
Skoda to pump in 1 billion euro in India, first new product to be SUV in 2020
The company will collaborate with parent Volkswagen to develop these new vehicles as a renewed attempt to break into the 3 million units a year Indian car market.
BUSINESS
This week in Auto: EVs flunk real world driving tests, new launches keep the week buzzing
Here's a look at all the news from the automobile sector that made headlines this past week
BUSINESS
Boards of Hero MotoCorp, Bajaj Auto reward CEOs handsomely despite profit growth slowing down
Growth in domestic sales of both Hero MotoCorp and Bajaj Auto was lower than the industry average last year, as per data shared by SIAM
BUSINESS
Hero MotoCorp creates startup for innovation; Munjal promises more scooters, premium bikes
HeroHatch is an incubation center that aims to foster innovation from within the organization
BUSINESS
Mahindra targets 50% share in domestic tractor market with Trakstar brand
The peak requirement of tractors in India is about 16.2 million as against the current tractor population of 6.5 million.
BUSINESS
VE Commercial Vehicles' Vinod Agarwal says new launches will increase market share
Agarwal talked about the company's plans of setting up a new manufacturing plant and its battles with legacy players with regard to discounting
BUSINESS
One year of GST: Auto cos recover from initial dent in demand
After an initial slump in sales of a few models, the sector eventually ended the year growing by 14 percent
BUSINESS
KTM to transfer production of Husqvarna bikes to Bajaj’s Pune factory
This will be the sixth and seventh model that Bajaj Auto will exclusively produce from India
BUSINESS
Bajaj Auto to set up assembly unit in Indonesia this year
The Pune-based motorcycle specialist launched bikes from its Austrian partner KTM last year in Indonesia
BUSINESS
Bajaj Auto goes big on commuter deluxe segment, leverages on popularity of Pulsar
The Pune-based company is working a series of products for the commuter segment as well as for the Pulsar segment
BUSINESS
Most banks don’t have financial strength or confidence to fund industrial growth: Rahul Bajaj
As of the end of last financial year the total NPA in the banking system stood at Rs 10.25 lakh crore
BUSINESS
Jaguar Land Rover to pump £20 billion in operations, 3 new models
From the current 13 product lines the two luxury brands will have 16 products by 2024.
BUSINESS
This week in Auto: Hyundai chooses India for regional headquarters, new model launches return after a brief lull
Here are the top automotive news that made headlines this week
BUSINESS
EXCLUSIVE: Upcoming norms could make small bikes as expensive as bigger ones
ABS, on-board diagnostics, increase in raw material cost and implementation of BS-VI norms would push costs of 150-180cc bikes closer to that of 350cc ones
