Cummins India said there is uncertainty around the full impact of global trade issues on the economy, yet, it is optimistic about the India business.
Moneycontrol auto expert Swaraj Baggonkar talks to Himadri Buch about the impact Maruti Suzuki's decision will have on the car industry.
The company has bagged an order worth Rs 98 crore DLW to design, supply and install 48 alternating current (AC) traction systems for dual cab high horsepower diesel engine locomotive for Indian Railways, it said in a statement.
Operating profit (earnings before interest, tax, depreciation and amortisation) may grow 8 percent to Rs 204 crore but margin may contract 60 basis points to 16.9 percent compared to year-ago period.
Days after Volkswagen recalled 3.32 lakh vehicles, CNBC-TV18 has learned that the Road Ministry may consider banning sales of VW diesel cars in India till a new engine is introduced. Further, the ministry will order a fresh probe into Volkswagen to decide whether its cars were fitted with a cheating device.
The company introduced its 1.5L i-DTEC diesel engine in India in April 2013 with Honda Amaze and was sequentially introduced in 4th Generation Honda City in January 2014 Honda Mobilio in July 2014.
Honda launches its fourth generation City with a 1.5 litre i-dtec diesel engine.
Tata Motors will be launching light commercial vehicles in Australia through an agreement with a local distributor Fusion Automotive. The latter will get exclusive marketing and distribution rights within the country.
Maruti Suzuki Chairman RC Bhargava says diesel car sales have slowed in the last couple months due to the reduction in petrol-diesel price gap and feels that the price differential will vanish in 1-2 years.
Toyota Kirloskar Motor's (TKM) plan to set up a diesel engine plant is held up as it is unable to convince its Japanese parent because of the lack of clarity in pricing policy of the fuel in India.
Many analysts have given a thumbs up to Maruti Suzuki's plans to merge Suzuki Powertrain India, which supplies diesel engines and transmissions, with itself.
It has been an iconic brand with a dedicated fan following, especially among those who love its retro styling and enjoy long road trips. Royal Enfield, which is owned by Eicher Motors, launched two new models on Thursday – Classic Chrome and Desert Storm.