Rupee effect: Will India become sourcing hub for global auto majors?
Indian auto makers are reducing imports of car parts and buying parts locally as rupee fell by 26% against the yen. This will prove to be a good move in improving operating margins for these companies.
View ArticleMixed performance by automakers: Here are the losers and winners
In a paradox of events, though the demand for cars remains low, auto majors such as Mahindra and Nissan have posted handsome revenues while rivals Ford and Tata Motors saw a slide in revenues.
View ArticleAdditional tax on diesel vehicle will not help industry: BMW
New Delhi: Stating that the auto industry is working in a very “fragile economic environment” in India, German luxury car maker BWM today said any move to levy more taxes on diesel vehicles will be...
View ArticleAuto makers could hike prices soon, sector may bounce back
Softer interest rates, new product launches and exports may help auto sector bounce back after dismal showing so far.
View ArticleDiesel tax may create uncertainty on investments in India
Ford India today said the government's proposal to impose additional tax on diesel vehicles will create an uncertainty on future investments in the country.
View ArticleMaruti, Suzuki merger will not result in any job cuts
Auto major Maruti Suzuki will merge Suzuki Powertrain which supplies diesel engines and transmission into itself. This proposed merger will benefit the combined entity through synergies in areas like...
View ArticleDiesel vs Petrol: Are we killing the auto sector?
Dealers across the country are offering various discounts and value-added services to lure consumers to buy diesel cars before the additional tax comes into affect.
View ArticleMaruti to launch fuel-efficient 800cc car by year-end
Automaker Maruti Suzuki announced that it will introduce a new 800cc car by the end of this year which will be more fuel efficient and expensive than Alto.
View ArticleMahindra plans to take on Tata with CNG Maxximo
Auto major Mahindra and Mahindra plans to take on rival Tata Motors in the mini-truck space with its newly launched CNG variant of Maxximo priced at Rs 3.99 lakh.
View ArticleMaruti a favourite as June sales rise 20% on utility vehicles
Utility Vehicle (UV) sales (Gypsy, Grand Vitara & Ertiga) skyrocketed to 5,638 units from just 185 units in June last year.
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