Production at the plant, however, continues unaffected, according to the Tata Motors spokesperson. The facility produces Tata Motors’ flagship heavy duty truck Prima along with Ultra. It has an annual production capacity of 1.44 lakh units.
In an interview to CNBC-TV18, Vinod Dasari, President of Society of Indian Automobile Manufacturers (SIAM) expects commercial vehicle segment to grow 10-15 percent this fiscal.
In an interview to CNBC-TV18, Umesh Revankar, MD of Shriram Transport Finance spoke about the latest happenings in the company.
Atul Auto is in focus after August sales up 2.76 percent. In an interview to CNBC-TV18, Jitendra Adhia, President-Finance of Atul Auto spoke about sales numbers and latest happenings in the company.
On back of volume growth, the company also expects expansion in margins this quarter, said Madan in an interview to CNBC-TV18 from the sideline so of Motilal Oswal Conference 2017.
Cabinet reshuffle indicates government’s intent of development and growth, said Rajat Rajgarhia, MD-Institutional Equities at Motilal Oswal Securities in an interview to CNBC-TV18's Nimesh Shah at the Motilal Oswal Global Investor Conference which is underway in Mumbai.
On Overdrive watch review of the new Hyundai Verna, Mercedes AMG GT R and the latest buzzing news from the world of autos.
Maruti Suzuki India's passenger vehicles also boosted domestic sales growth that was 26.2 percent at 1.52 lakh units against 1.19 lakh units sold in corresponding month of previous year.
Auto companies will reports their sales data for August today. Watch accompanying video of CNBC-TV18’s Navin Shetty for more details.
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.
Rural economy data suggests that the unemployment rate is falling with increase in rural wages and farm loan waivers have made more cash available in the hands of farmers. In an interview to CNBC-TV18, Ramesh Iyer, Vice Chairman & Managing Director, Mahindra & Mahindra Financial Services spoke about the latest happenings in his company and sector.
Maruti has today announced an upgrade of all their existing regular dealerships as well as a move to reposition the brand. The company hopes to revamp the entire Maruti Suzuki channel over the next 3 to 5 years. CNBC-TV18's Ronojoy Banerjee caught up with Kenichi Ayukawa, the CEO to chat about this overhaul of their retail strategy.
Sources tell CNBC-TV18 that after electric cars, government is set to come out with mega tenders for e-buses and e-3 wheelers.
Watch accompanying videos of Overdrive to check out Ashok Leyland's latest truck for the defence sector and also take a look at the hottest launch of the fighter aircraft Gripen D.
For the past five years, Overdrive has been making their way up to the gorgeous Himalayan regions in some of the most comfortable, luxurious and of course, capable Audi SUVs and they were lucky to have been joined by Overdrive loyalists who enjoy driving in this terrain. This is the fifth year of the Overdrive Audi Independence Drive and this is their story.
The finance ministry has moved a cabinet note proposing changes to the schedule of cess levied on luxury cars and sport utility vehicles (SUVs) and ordinance may get the seal of approval at its meeting today.
The Tata Motors' annual general meeting (AGM) is slated later today. Watch accompanying video of CNBC-TV18's Utkarsh Chatturvedi to know what to watch out for.
Atul Auto reported a healthy set of Q1 earnings of FY18. In an interview to CNBC-TV18, Jitendra Adhia, President-Finance of Atul Auto spoke about the results and his outlook for the company.
On this episode of Overdrive, the Mercedes-Benz E220d is pit against the Volvo S90, Shubhabrata Marmar rides the new Honda Africa Twin and the details of the Mercedes-Benz GLA facelift.
In an interview to CNBC-TV18, Soumitra Bhattacharya, MD of Bosch spoke about the results and his outlook for the company.
Tata Motors and Volkswagen-controlled Skoda Auto have finally aborted plans to work jointly on future products and technologies after months-long discussions failed to bear fruit.
In an interview to CNBC-TV18, Vivek Chaand Sehgal, Chairman of Motherson Sumi Systems spoke about the results and his outlook for the company.
In an interview to CNBC-TV18, Manoj Kolhatkar, MD of Gabriel India spoke about the results and his outlook for the company.
Tata Motors is the stock of the morning after Jaguar Land Rover margins disappointed, coming in at multi-quarter lows. In an interview to CNBC-TV18, Basudeb Banerjee of Antique Stock Broking shared his reading and outlook on the same as well as on Eicher Motors.
In an interview to CNBC-TV18, Ramesh Gehaney, ED & COO of Endurance Technologies spoke about the results and his outlook for the company.
Bajaj Auto has partnered with Triumph to make mid-capacity motorcycles.
Remember how Hyundai had a plan to launch eight new models by 2020 from its Chennai plant? Well, last week the company gave the world a glimpse of the all-new next-gen Verna.
M&M reported earnings on Friday. VS Parthasarathy, the CFO spoke to CNBC-TV18's Surabhi Upadhyay on the outlook for FY18.
Sources tell CNBC-TV18 that the goods and services tax (GST) Council may raise compensation cess ceiling for SUVs, big cars.
There is a possibility that cess on sport utility vehicles (SUVs) could be increased and tax incidence could go from 43 percent to 57 percent. In an interview to CNBC-TV18, Pawan Goenka of Mahindra and Mahindra (M&M) shared his views on the same.
Auto sector is in focus today especially SUV makers like M&M, Tata Motors and Maruti. Reports suggest that the cess on SUVs is likely to increase from 15 percent to 25 percent and the total rate on them will be at 53 percent from earlier announced 47 percent. In an interview to CNBC-TV18, Ankit Merchant of KR Choksey Shares & Securities shared his views and readings on the same.
Revenue during the quarter is likely to fall 3 percent to Rs 1,424 crore on year-on-year basis.
Overdrive checks out two of the very interesting SUVs for the Indian market, Velar and Nexon. The show also showcases the hottest launch for this week. Also, find answers to all your auto-related queries on Auto Selector.
Operating profit declined 2.9 percent year-on-year to Rs 1,454 crore and margin contracted by 110 basis points to 13.1 percent in the quarter ended June 2017.
Operating profit is likely to increase 6 percent to Rs 1,573 crore but margin may contract 20 basis points to 14 percent compared with same quarter last year due to higher material cost.
In an interview to CNBC-TV18, Jinendra Munot, Joint MD of ZF Steering Gear spoke about the results and his outlook for the company.
Commerce Ministry has recommended anti-dumping duty on Chinese tyres to the Finance Ministry. Tyre stocks gain in trade today on the back of an increased possibility of anti-dumping duty on Chinese tyres.
Auto sales numbers have started trickling in. It is a steady set of numbers so far - Escorts, Mahindra and Mahindra, Maruti Suzuki India, Ashok Leyland and Eicher Motors.
Domestic sales grew by 22.4 percent year-on-year to 1.54 lakh units while exports grew by 0.1 percent to 11,345 units in July.
The much awaited Jeep Compass is finally launched in India. This American icon now has a distinctly desi flavour as Fiat Chrysler Automotive has decided to go the Make In India route with the Jeep Compass.
In this episode of Overdrive, take a look at the newly updated 2018 Mercedes-Benz S-Class and the new engine under the Datsun Redi-Go's hood.
It's the biggest launch for Tata Motors this festive season and the company is banking on its new compact SUV Nexon to take on Maruti and Mahindra. But will the Nexon be able to change fortunes for Tata Motors? CNBC-TV18's Uttkarsh Chaturvedi gave us this report.
After consistently clocking double digit growth for the first six months of the fiscal year, automobile sales may hit a speed bump in July. A CNBC-TV18 study finds that both commercial vehicles and passenger cars have seen substantially lower offtake in the month of July as GST related issues have forced buyers to adopt a wait and watch mode, reports, Ronojoy Banerjee and Utkarash Chaturvedi.
Telecom major Bharti Airtel reported a good overall performance. Revenues came in-line with estimates while margins were a beat aided.
Watch accompanying video of CNBC-TV18’s Navin Shetty clarifying about the anti-dumping duty and its impact on tyre stocks.
Ashok Leyland reported Q1 earnings. Revenue beats estimate while margins were a miss. In an interview to CNBC-TV18, Gopal Mahadevan, CFO of the company spoke about the results and gave his outlook for the company.
Sources tell CNBC-TV18 that Mahindra and Mahindra (M&M) is all set to launch three new utility vehicles. Watch accompanying video of Uttkarsh Chaturvedi for exclusive details.
On Overdrive, watch three German executive sedans battle it out for the top spot. Shubhabrata Marmar gets you acquainted with the latest sports bike from Suzuki and all the action from round one of the MRF National Racing Championship.