In the financial year 2013-14, the over all sentiment of the automobile remained subdued and the hatchback segment declined by 5.93 percent in at 1248555 units compared to 1327255 units in the previous fiscal. Maruti Suzuki’s Alto and Swift remain the highest selling hatchbacks in FY14 at 258281 and 198571 units respective. However, the sales of Alto declined 3.1 percent in FY14 compared to previous fiscal year while Swift’s sales gone up by 7.4 percent in the same period.
In view of souring relation with workers, Bajaj Auto has shifted production of its highest selling Pulsar from Chankan plant in Pune to Aurangabad's Waluj plant.
Looking at India beyond emerging market, Brose Group, a 4.7 billion Euros component maker is adopting a dual-edged strategy for the country. First - to support its global operations, second - to leveraging the growing business opportunities here.
Vehicle recycling and scrapping policy can effectively be implemented with public and private partnership. The move should also not only be seen as a stimulus to the industry but a way to help in reducing the pollution level as well as accidents, say experts.
Bajaj Auto had the worst drop in sales among top two-wheeler makers in India while HMSIL emerged as the best performer in FY14 compared to the previous fiscal year.
Honda Cars India Limited (HCIL) will launch the much awaited Multi-Purpose-Vehicle (MPV) Mobilio in India by July this year to be followed by the launch of new Jazz in the fourth quarter of the current fiscal.
In 2013, these markets contributed 35 per cent while Europe added 65 per cent to the total sales. The revenue contribution from non-European markets was 30 per cent in 2012.
Honda Cars India and Maruti Suzuki have emerged as biggest gainers while Tata Motor and Mahindra & Mahindra were the biggest losers in market share in April-Feb FY14
Tata Motors and Skoda Auto have emerged as the worst performer in passenger vehicle (PV) segment in terms of cumulative domestic sales in April- February 2013-14 compared to the same period in the previous fiscal, according to the sales data released by Society of Indian Automobiles Manufacturers (SIAM).
Vikas Group has signed the JV to strengthen foundry business and will invest Rs 300 crore in the next three year to expand this business.
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