In his budget speech, the finance minister had proposed to collect a 1% tax at source on luxury cars priced above Rs 10 lakh.
To become market leaders, every year we need to introduce two new products. (The new) Tucson is coming in the year end. In the second half of 2016, we are planning two new products.
Dealers will suspend sales to protest state government’s decision to make it compulsory to provide two ISI-marked helmets free of cost to every buyer.
The share of diesel vehicles in overall passenger vehicle sales shrank to 42% in the first two months of this year from 45% in the year-earlier period.
We are investing $24 billion in product development and technology by 2020, says Terence Bryce Johnsson, head of overseas sales at Audi.
Honda is banking on a slew of launches in India, led by a couple of utility vehicles, to ride over a rough patch of negative growth in the past few months.
HMSI is facing a production loss of 20% at its Tapukara plant in Rajasthan’s Alwar district, where a section of workers is on strike for past 10 days.
India has become one of the top five markets for the company based on January sales, Renault India managing director Sumit Sawhney said.
The acquisition, if completed successfully, will also help Vivek Chand Sehgal, co-founder and chairman of the Motherson Group, diversify further into newer product categories in the auto interiors space and more importantly break into key markets like US.
India’s auto-parts makers are ready for the shift to Bharat Stage VI emission norms. Most of them showcased their technological preparedness.
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