Nabeel A Khan

  • Ambassador's future very bleak says, Murad Ali Baig

    Ambassador's future very bleak says, Murad Ali Baig

    The Amby was also heavy, sluggish and a fuel guzzler despite getting new modern engines. It continued to be popular with Government officers and a few lovers of antiques but young buyers wanted modern cars that were sleeker, quicker, more comfortable reliable and economical to run. It was not expensive but despite all efforts the sales had slipped to less than 200 a month that made production unviable

    I won't mind a chinese company acquiring Ambassador, says Tutu Dhawan

    I won't mind a chinese company acquiring Ambassador, says Tutu Dhawan

    The Ambassador, the brand icon of the license Raj will stop rolling out of the Uttarpara plant in West Bengal. The plant was producing a little less than 150 vehicles, a number that was hardly enough to make it commercially feasible. In a notice to stock exchanges, the Hindustan Motors said: “The Company has declared suspension of work at its Uttarpara Plant with effect from 6.00 AM of May 24, 2014. The Company has been transparent in sharing updates about the worsening conditions at its Uttarpara Plant which include very low productivity, growing indiscipline, critical shortage of funds, lack of demand for its core product the Ambassador and large accumulation of liabilities,” the statement said.

    Bajaj Discover slips to 7th, Splendor no 1 among top 10 selling 2-wheelers in April

    Bajaj Discover slips to 7th, Splendor no 1 among top 10 selling 2-wheelers in April

    Hero Splendor continues to remain highest selling two-wheelers in India in April'14 at 179087 units compared to 14894 units in the same month previous year recording a growth of 20%. While Honda Activa (scooter) achieved one point gain to become second largest selling two-wheeler at 145719 units in April 2014 pushing Hero Passion to third position. While Bajaj Discover suffered the biggest loss and declined to 7th spot in April 2014 at 60,331 units compared to 4th spot at 101345 units in the same month previous year.

    What auto industry expects from new Government?

    What auto industry expects from new Government?

    As the country heads towards a new Government, automotive industry pins hope of revival with varied set of expectations. On the top of the beleaguered automotive industry’s wish-list stands - continuation of the current excise duty, boosting infrastructure projects, GST implementation, labour reform and creation of AutoZone in every town.

    From Rs 7 cr to Rs 4700 cr, Sona Group chief shares his story

    From Rs 7 cr to Rs 4700 cr, Sona Group chief shares his story

    Starting with a modest Rs 7 crore revenue in the first year of business to achieving Rs 4,700 crore revenue in FY14, he has seen many ups and downs. Getting candid in an interview with ET’s Nabeel A Khan, he admits it was not right decision to make the big acquisition of Sona BLW. In future, he said Sona would eye smaller acquisitions. However, he is glad to have turned around the company and is now appointing a German CEO. Kapur expects a rebound in the Indian auto industry in the second half of this year and plans to kick start an invest Rs 500 crore in the next three years which includes Rs 150 crore investment in setting up a new forging plant in Bawal near Gurgaon.

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