The Moraiya plant’s pending USFDA approval is crucial for Cadila’s US ambition
The company's focus will be on value-added products and innovative products, says Dilip Gaur, MD of Grasim Industries.
Aditya Birla Group's fabrics retail brand Liva is planning to double its footprint to 4,000 stores across the country, a senior company official said.
The move is being driven by the group's fibre business arm Birla Cellulose. It is an expansion of its ongoing LIVA Accredited Partners Forum (LAPF) initiative to aggregate the top talent in fabrics industry.
The company also announced the launch of its year-end offers and benefits up to Rs 50,000 and lower interest rate in the range of 6 to 7 percent on different models.
A company statement said even as the talks were on, a section of the workers, instigated by the union, had resorted to deliberate stoppage of the production line, and threatened supervisors and disrupted business for the past 25 days.
The company recorded its 1 millionth vehicle sale through Nippon Toyota, its authorised dealer in Cochin, Toyota Kirloskar Motor (TKM) said in a statement.
Automotive major Toyota Kirloskar Motor hiked prices of its key models, which will be effective from September 21, 2013. The increase in prices will be upto 1.5 percent.
"If the rupee continues to slide like this then we may have to take a price increase from October onwards," Toyota Kirloskar Motor (TKM) Deputy Managing Director and Chief Operating Officer, Marketing and Commercial, Sandeep Singh told reporters.
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.
Toyota Kirloskar Motor, the Indian arm of Japanese auto maker Toyota, said sales in May more than doubled year-on-year to 15,501 units, helped by strong demand for Etios sedan and the new Innova launched earlier in 2012.
Toyota Kirloskar Motor has started exporting the Etios series of cars from India to South Africa. It aims to export 20,000 units per year.
Toyota Kirloskar Motor's sales in February surged 79% year-on-year to 16,659 units, helped by strong demand for its Etios sedan and Etios Liva hatchback, among other vehicles.
Toyota Kirloskar Motor's total sales in January rose 89% year-on-year to 17,395 units, helped by strong demand for the Etios and Etios Liva cars and the new Innova and Fortuner utility vehicles.
Japanese car maker Toyota is recalling 41,000 units of its sedan Etios and small car Liva in India to replace faulty inlet pipe to fuel tank.
Toyota Kirloskar Motor's November sales accelerated 266% year-on-year to 13,956 units, helped by strong demand for the Etios sedan and Liva hatchback.
Toyota Kirloskar Motors saw its sales in October accelerate 63% year-on-year to 10,762 units, helped by strong demand for its Etios sedan and Liva hatchback.
Red Bull racing boss on the Indian Grand Prix, this week’s hot new launch the new Nissan Sunny driven in Chennai, your queries on Auto Selector and a quick drive of the Diesel Toyota Etios and Liva and Our Overdrive contest winners get behind the wheel of the new Audi A6.
After setting a scorching pace of 30% year-on-year growth in 2010-11 (April-March), auto sales, especially those of passenger cars, were expected to slow this year as loans became expensive, vehicle prices rose and fuel prices soared. However, what was expected to be a slow growth seems to have turned into de-growth.
Carmaker Toyota Kirloskar Motor today reported a 99% jump in its sales in July at 13,592 units.
Toyota Motor said orders for the made-for-India Etios model were easily outpacing its targets so far, providing momentum in the fast-emerging market where the dominance of Maruti Suzuki India remains largely unchallenged.
Costlier loans, increased fuel prices and high inflation continue to deter buyers from queuing up for new cars, and the incumbents -- Tata Motors and Maruti Suzuki are feeling the heat. The two of India’s largest auto makers saw a dip in sales in June, even as new launches drove sales growth for Toyota and Ford.
After a scorching pace of growth last year, automobile sales in India are slowing in the face of expensive auto loans and rising fuel prices. Toyota Kirloskar Motor expects sales could slowdown further, at least till August.