Live updates as Apple readies to unveil its latest iPhones.
For the last two years, India's passenger vehicle market has seen the second-highest growth rate in the world, after China. So far this fiscal, this segment has grown at a smart 9 percent, helped by easier financing options and a slew of new launches. However CNBC-TV18's Uttkarsh Chaturvedi and Ronojoy Banerjee found that five out of the country's top seven carmakers are sitting on nearly 50 percent of unused capacity.
The company also has an ambitious project of rolling out electric vehicles by next year, said JJ Chandra, CMD, Atul Auto.
The company made four major announcements; which are iOS 11, watchOS 4, a new version of tvOS and macOS High Sierra, slated to arrive in autumn.
Auto companies are on our radar after Road Transport Minister Nitin Gadkari makes a pitch for green technology in vehicles. In an interview to CNBC-TV18, Nishant Arya, Executive Director of JBM Group discussed the impact.
The goods and services tax (GST) council, which met in Hyderabad over the weekend, has raised the cess on large luxury cars, sport utility vehicles (SUVs) and midsize sedans but the key point is it did not raise them as much as the market feared.
The goods and services tax (GST) council, which met in Hyderabad over the weekend has raised the cess on large luxury cars to 20 percent, sports utility vehicles (SUVs) to 22 percent and mid-size sedans to 17 percent from 15 percent for each of these categories. This has now raised prospects of some types of premium vehicles getting dearer ahead of the festive season. In an interview to CNBC-TV18, Pawan Goenka, MD of Mahindra and Mahindra (M&M) spoke about the latest happenings in his company and sector.
Here's how automakers, experts and tax gurus are viewing the crucial GST decisions.
The workers at Tata Motors' Jamshedpur plant have called off the strike. About 5,000 temporary workers were on strike for the last few days and production was hit. Watch accompanying video of CNBC-TV18's Uttkarsh Chaturvedi for more details.
In this episode of Overdrive, Shubhabrata Marmar reviews Kawaski Ninja 650, Ducati Monster 797, and Harley Davidson Street Rod to find out which of these latest motorcycles is all-round worthy to be your first bike.
CNBC-TV18's Ronojoy Banerjee caught up with RC Bhargava, Chairman of Maruti Suzuki and Rajiv Bajaj Managing Director of Bajaj Auto to find whether India is ready to go all electric by 2030.
CNBC-TV18's Ronojoy Banerjee moderated a panel comprising of Ashok Taneja MD, Shriram Pistons, Jayant Davar Chairman, Sandhar Technologies, Shivanshu Gupta Partner, McKinsey and Vinnie Mehta DG, ACMA where they spoke about the road ahead for the auto ancillary companies and the auto sector as a whole.
"Electric car manufacturing should begin in the next 2-3 years," RC Bhargava, chairman of Maruti Suzuki said in an interview with CNBC-TV18.
Prof. Ashok Jhunjhunwala, spearheading the government's electric mobility mission, announced the government's decision to put out a tender to acquire 50,000 electric three-wheelers in November.
Mayur Uniquoters is in focus after a big block deal. In an interview to CNBC-TV18, Suresh Kumar Poddar, CMD & CEO of the company spoke at length about the same.
A section of workers at the Tata Motors Jamshedpur plant continue to be on strike.
Does the board rejig at Infosys translate into a change of control and does that necessitate an open offer? These are some of the issues raised by the shareholder advisory firm Stakeholder Empowerment Svcs (SES).
The Society of Indian Automobile Manufacturers' (SIAM) Annual Convention is underway and it's not often that KN Radhakrishnan, CEO of TVS Motor Company makes a media appearance but CNBC-TV18's Ronojoy Banerjee caught up with him and asked about the company's plans of growing the market share.
CNBC-TV18's Ronojoy Banerjee caught up with Pawan Goenka, MD of M&M from the side-lines of the SIAM Annual Convention and asked him his views on the government's stance of wanting the auto industry to upgrade to European standards.
As Society for Indian Automobile Manufacturers (SIAM) Annual Convention starts today, CNBC-TV18 caught up with the biggest and the best voices from the auto industry. S Sandilya, Chairman of Eicher Motors and Rajan Wadhera CEO of Automotive at Mahindra and Mahindra (M&M) spoke about the key challenges faced by the industry.
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.
CNBC-TV18's Kevin Lee spoke to the company's founder and CEO Pete Lau and began by asking him about the performance of the latest OnePlus offering, the OnePlus 5.
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.
The government's digital India drive has tech manufacturers lining up for a piece of the action. This time it's HP. The company has launched its enterprise mobility device called the Pro-8. While it looks like any other tablet, this one comes with a range of customizable options aimed squarely at government services for financial inclusion and benefit schemes, reports CNBC-TV18's Areeb Sherwani.
In an interview to CNBC-TV18, Umesh Revankar, MD of Shriram Transport Finance spoke about the latest happenings in the company.
In an interview to CNBC-TV18, Sanjay Nayak, MD & CEO of Tejas Networks 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.
Murthy had, on Tuesday, said at an Investec investor conference that the Board, led by Seshasayee, failed to explain the actual reason for the “excessive sum as severance to the ex-CFO, Mr Rajiv Bansal”
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.
Mindtree is in focus on the back of the recent rupee appreciation. In an interview to CNBC-TV18, Rostow Ravanan, MD & CEO of Mindtree spoke about the latest happenings in his company and sector.
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 battle between the Infosys board and the founders that exacerbated post the resignation of Vishal Sikka last Friday continues to remain the top focus. CNBC-TV18 learns from sources that Nandan Nilekani may be brought back to head Infosys at least for now. Watch accompanying video of Former CFO of Infosys V Balakrishnan, in which he shared his views and readings on the same.
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.
Last four days have been turbulent for technology giant Infosys. The firm's MD and CEO Vishal Sikka quit on Friday, which was followed by a war of words between the company's board and its founder, NRN Murthy. Then came the announcement of a Rs 13,000 crore buyback and that announcement coincided with the news that some US based law firms are investigating alleged violation of US laws by either Infosys or its officials.
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.
In an interview to CNBC-TV18, Management Guru Vijay Govindarajan shared his takeaways on the boardroom battle at Infosys and gave some insights into what the future may hold.
Infosys is the top loser on the Nifty, down around 5 percent. Despite the buyback being offered at a hefty premium. CNBC-TV18’s Prashant Nair caught up with Amit Tandon, MD of IIAS and Karan Taurani of Dolat Capital and asked them where the company goes from here and what now from here for the IT bellwether?
The crackdown on shell companies is a step in the right direction. That's the word coming in from NR Narayana Murthy. CNBC-TV18's Rukmini Rao caught up with him and asked him about how he measures the demonetisation drive and the success of goods and services tax (GST).
eClers Services reported a steady quarter. In an interview to CNBC-TV18, Rohitash Gupta, CFO of the company spoke about the results and his outlook for the company.