TECHNOLOGY
This week in Auto: Cabinet approves cess hike, auto sales zoom in August
Here is the list of all the key developments in the automotive space this week
TECHNOLOGY
M&M working on electric makeover for Scorpio & XUV500, to spend Rs 300-400 cr on EVs
The company will also be identifying technology partners for EV related technologies.
TECHNOLOGY
Pawan Munjal's whopping Rs 60-cr annual pay tops list of Motown execs' remuneration
Munjal is not the only executive from the two-wheeler space with a hefty package. In fact eight of the top ten earners from the automotive industry are from two-wheeler companies.
BUSINESS
After govt nod to cess hike on large cars, auto cos wait for news on quantum of levy
With the cabinet giving its nod for a hike in cess on large cars and SUVs manufacturers are watching with bated breath the quantum of the hike which is expected to be announced soon.
BUSINESS
Maruti Suzuki showrooms are set for a revamp — you will now enter an Arena
The company plans to make digital integration a pivotal point in front-end sales over the next five years.
BUSINESS
M&M renames Mahindra Gujarat Tractors, launches a new brand 'Trakstar'
Mahindra Gujarat Tractors to be rebranded as Gromax Agri Equipment greater as it lays greater emphasis to grow the business
BUSINESS
This week in Auto: Shareholders corner TaMo chairman, Merc launches new super cars
A round-up of the top stories of the week from the auto sector.
TECHNOLOGY
Hyundai revs up for an electric debut, schedules launch of e-vehicle before 2020
Korean car brand Hyundai is all set to jump onto the electric vehicle bandwagon with a product launch scheduled before 2020
TECHNOLOGY
Tata Motors charts detailed plans to change manufacturing footprint
The company is laying down a complex but necessary action plan as per which it will alter its manufacturing set up for both commercial and passenger vehicles to leverage past investments.
BUSINESS
Will Tata Nano remain on the road? N Chandrasekaran gives little away
Shareholders speaking at the 72nd Annual General Meeting demanded to know the future of Nano, which has become a beleaguered product for Tata Motors despite years of efforts to generate consumer excitement.
BUSINESS
Riding on Nexon, Tata Motors aims to double market share in passenger vehicles biz
In the last six years, the company’s market share fell to 5.2 percent last year from 13.1 percent recorded in 2011-12.
TECHNOLOGY
Skoda launches Rapid Monte Carlo at Rs 10.75 lakh
The new Skoda car sits in a white space as the lower end of the Monte Carlo will compete against the middle variants of the Honda City and to-be-launched Hyundai Verna.
BUSINESS
Indian Hotels to open 21 new hotels this year, raise Rs 1,500 crore via rights issue
Of these, 10 hotels will be under the Taj brand name, while 11 will be under the Ginger brand name. The rights issue will meet long term financing needs for capital expenditure, growth plans and debt payments of the company.
TECHNOLOGY
This week in Auto: Tata Motors appoints new CFO, VW submits recall plan before NGT
Here's a wrap of the key developments in the automotive space during the week.
TECHNOLOGY
M&M feels the heat as GST cess hike hits 75% of Mahindra Scorpio volumes
Taxes on the Scorpio, M&M's second highest-selling utility vehicle (UV), surged to 43% from from 30% under GST on the hybrid version
BUSINESS
Riding high on scooters, two-wheeler cos make entry-level motorbikes pillions
Scooters have expanded their share to 34% while that of entry level bikes have shrunk to 36% in the domestic two-wheeler market.
ECONOMY
Highway completion rate leapfrogs in Jan-Mar, hits 40 km/day mark
From 17km/day the government closed the year at 22.55km/day, a jump of more than 30% translating to 40km/day during Jan-Mar.
BUSINESS
After winning with KTM, can Bajaj Triumph again?
Exactly 10 years ago, Bajaj pursued Triumph for a buyout deal before shelving those plans to buy a stake in KTM instead.
BUSINESS
Vehicle interior specialist IAC to invest Rs 100 crore in India, increase capacity
The Rs 100 crore investment will be done across three locations — Pune, Manesar and Nashik.
TECHNOLOGY
Aussie cricketer Matthew Hayden now a director on Mahindra Automotive Australia
The 45-year-old southpaw, who led Australia to several victories including some memorable tests played in India, joined the board last year along with two other Australians.
TECHNOLOGY
This week in Auto: Bajaj joins hands with Triumph, Tata-VW call off alliance
The week saw several important developments – from start of a new partnership to break-up of a promising one, from launch of a new SUV to a shocking rise in cess on big vehicles. Here is the complete list of the all stories that made headlines this week.
TECHNOLOGY
Business environment uncertain, policy stability needed: Maruti Suzuki MD
MSIL Chairman R C Bhargava stressed the need to keep pace with changing technologies
TECHNOLOGY
Global markets to become more competitive for Jaguar Land Rover: CFO
Wholesales volumes are expected to come under pressure in some of the JLR’s premier markets like the UK and the US
TECHNOLOGY
Maruti's Baleno, Brezza lead charge in July as industry reemerges from GST hiccups
Baleno, Brezza topped the growth charts during July even as both models together control one-fifth of total domestic volumes of Maruti Suzuki.
