The on-going downturn in the automotive industry has severely impacted the profitability of automobile dealerships which is expected to be at a five year low, Icra said in a statement.
Uttaresh Venkateshwaran is in conversation with Moneycontrol's Swaraj Baggonkar to discuss why policy initiatives to shore up safety on Indian roads has been tangled up in red tape, much the detriment of commuters.
H&D has a strong footprint in the German and Central European automotive markets and is the IT services provider to one of Germany’s biggest car manufacturers
The latest shake-up in roles is believed to be aimed at putting the company back on growth path.
Here is the list of all the important developments of the week from the automotive world
On the face of it, the company merits attention owing to a number of reasons. It has marquee clients in its kitty and an even spread of clientele. It is putting a premium on its R&D work to develop technologically advanced products and bring a turnaround at its joint venture Minda Furukawa.
Vehicle scrappage policy intends to replace commercial vehicles that have been operational for more than a decade by reducing acquisition cost of new vehicles, provide tax benefits and promote fuel efficient traffic
The Rs 100 crore investment will be done across three locations — Pune, Manesar and Nashik.
Here is a look at the key developments in the automotive space that happened this week
This is part of the company’s attempt at restructuring operations, which also involved doling out voluntary retirement packages that led to the headcount falling by 1,300 during the final quarter of last year.
Prices have gone down in the range of Rs 125,000 to Rs 700,000 for all those models which are locally assembled in India. For those which are fully imported price reduction will follow soon.
The Solapur-based company which makes 150 varieties of camshafts that go in the heart of a car’s engine said that it is looking for companies that are into critical components business for a takeover.
The two-day fire sale during end of March that saw liquidation of more than 3 lakh vehicles resulted in a combined loss of more than Rs 500 crore to vehicle makers on account of discounts and provisioning.
In the last two months, the auto sector has seen a few headline-grabbing developments almost all of which related to India's push in electric vehicle space. With the noise building around a greener fuel, are electric vehicles the future of India?
Small petrol cars will become expensive by 1% while prices of small diesel cars will rise by 3%. There is good news for large cars & SUV buyers as prices could go down in the range of 3.5-9 %
The 'Global Car' will be developed by Indian engineers from Maruti Suzuki in India, according to sources.
Here is a look of some of GM’s forgotten models which did not do as well as they were hoped to.
A round-up of the top news stories from the world of auto.
Tax exemptions for the proposed scrappage scheme for old trucks and buses was being worked upon by the GST council
The assembly plant - one of only two set up by Volvo globally - will import vehicle kits in knocked down forms and assemble them. This will result in substantial reduction in taxes.
The Pune-based company clocked consolidated net profit of Rs 862 crore for the quarter as against Rs 996 crore
Each of such production lines will have an installed capacity of 250,000 units a year translating to 750,000 units a year on all the three lines combined
The top motown stories of the week gone by.
Minoru Kato, the newest head of Honda Motorcycle and Scooter India, knows that it needs to build muscle in the rural pockets where market leader Hero is a household name.