Vaibhavi Khanwalkar chats with Moneycontrol's Swaraj Baggonkar to find out why the largest carmaker in the country has taken this step.
Despite the FM’s statement that India will lead the ‘transportation drive’ at the forefront with ‘electric vehicles’, the Budget did not do much by way of specific measures.
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.
The company has raised the capital in a Series C funding with investments from Sequoia India, Hillhouse, CapitalG (Alphabet growth investment arm) and Axis Bank.
M Saraswathy is in conversation with Swaraj Baggonkar to find out why the sales of compact sedans, once regarded as the darling of Indian auto buyers, is on the wane.
Domestic car sales were up 3.7 per cent to 1,79,122 units as against 1,72,737 units in February 2017, according to data released by the Society of Indian Automobile Manufacturers (SIAM).
Motorcycle sales last month jumped by 28.64 per cent to 10,54,062 units compared to 819,385 units in January 2017.
For passengers who cannot open doors, the Cruise AV - a rebranded version of GM's Chevrolet Bolt EV - has even been designed to perform that task. It will have other accommodations for hearing and visually impaired customers.
Registrations ended 2017 at around 2.54 million vehicles, according to provisional data, and are set to fall up to 7 percent this year, the Society of Motor Manufacturers and Traders (SMMT) said.
Police did not suggest a possible motive for the incident, which had chilling echoes of several attacks by Islamist militants in various parts of the world over the past year or two.
Domestic car sales were up 4.49 per cent to 1,81,395 units as against 1,73,607 units in November last year, according to data released by the Society of Indian Automobile Manufacturers (SIAM). Motorcycle sales last month rose 23.25 per cent to 9,59,122 units as against 7,78,173 units a year earlier.
The two companies join a growing number of global car makers and tech firms leveraging automated driving technology into new mobility services.
Car sales were down 5.32 per cent to 1,84,666 units last month as against 1,95,036 units in October last year, according to the data released by the Society of Indian Automobile Manufacturers (SIAM) today.
Japan's biggest automaker by volume said its sales in the first 10 months of the year totaled 1.07 million vehicles, an 8.5 percent increase from the same period a year ago.
In October, sales of Nissan-brand passenger cars stood at 10,134 vehicles, down 55.2 percentage points from a year earlier, Japan Automobile Dealers Association said.
Exports, accounting for 80 percent of total output, fell 1.1 percent, while domestic demand slumped 14.2 percent, according to figures from the Society of Motor Manufacturers and Traders (SMMT), pushing total production down to 153,224 cars.
Tenders to procure 10,000 high-performance electric cars have already been announced, and the government is expected to invite bids for 50,000 electric three-wheelers from the original equipment manufacturers by the end of this year.
Car sales went up 6.86 per cent to 2,08,656 units as against 1,95,259 units in September last year, according to data released by the Society of Indian Automobile Manufacturers (SIAM) today.
Car makers will need to amass credits for so-called new-energy vehicles (NEVs) equivalent to 10 percent of annual sales by 2019, China's industry ministry said in a statement on Thursday. That level would rise to 12 percent for 2020.
The 3.6 million pre-owned car market grew at nine per cent as the demonetisation reduced market size by two lakh units or an estimated six per cent of the overall used car sales market, it said.
As the latest such announcement by China added momentum to a push for zero-emissions motoring, Daimler , Volkswagen and PSA Group made disclosures about their electric programmes that could give policymakers some pause.
Car sales were up 11.8 per cent to 1,98,811 units as against 1,77,829 units in August last year, according to data released by the Society of Indian Automobile Manufacturers (SIAM).
Moreover, in order to fight pollution successfully, old cars need to be phased out for electric cars to give the desired result, Renault India MD Sumit Sawhney said.
Pacific India, which is also engaged in hospitality and education businesses, bagged this project last month through a bidding process that saw participation from two other players.