Maruti stock to face pressure on slowing sales, diesel pullback
Maruti Suzuki’s volume fell 24 per cent in the first half of the current fiscal.
Mercedes SUV GLC drives in to India at a starting price of Rs 52.56 lakh
The latest generation of the GLC is available in both petrol and die...
Trials on to convert diesel engines into electric: Piyush Goyal
Railways Minister Piyush Goyal addressed Rajya Sabha, saying India will be the first country to have an entirely electrified rail network. The government aims at converting diesel engines into electric ones, in its commitment towards environment protection. However, he said it is too early to ascertain the exact cost of the project at this stage.
Scrappage policy: No direct sops for junking old cars
“The Central government will not offer any direct incentives in the policy or any tax sops, as was being talked about earlier,” an official told ET. “State governments will be free to offer rebates on road tax against a scrapping certificate. Even original equipment manufacturers can allow a discount against a scrapping certificate if they want to boost their sales.”
Govt says no proposal to reduce taxes on petrol, diesel
Sitharaman has also clarified that currently no new tax on petrol and diesel is being considered.
Install retrofitted device in DG sets to reduce pollution
The Government said DG sets are used in a large scale in metro line construction, emergency power supply in metro rail, places with tourist infrastructure, central command rooms, waste-water treatment plants, construction and infrastructure works.
No major ‘Make in India’ defence project has taken off in 6 yrs
None of the major ‘Make in India’ projects in the defence arena, ranging from new-generation stealth submarines, minesweepers and light utility helicopters to infantry combat vehicles, transport aircraft and fighter jets, have actually taken off in the last six years. The long-pending projects are either stuck or still meandering.
Maruti’s diesel models going out with a bang ahead of BS-VI launch
Huge discounts and extended warranty have attracted consumers looking for value buys.
Daimler mulls slashing 1,100 senior jobs: Report
German luxury carmaker Daimler plans to cut 1,100 management jobs worldwide in fresh efforts to cut costs as it grapples with expensive recalls and a slowing global market.
Toyota to stop selling small diesel vehicles in India post BS VI
Toyota is looking at stopping sale of small diesel vehicles post the transition to BS VI emissions standards.
Diesel demand falls 7.4% in October partly due to economic slowdown
Accounting for a share of 40% of the country's total oil requirement, demand for diesel has reported to plunge 7.4% in October from a year ago which is the biggest monthly fall in three years. Economic slump, extended monsoon, auto sector slowdown, preference for petrol vehicles are some factors behind the downfall in demand for diesel.
HM Amit Shah inaugurates special winter-grade diesel for Ladakh
Home Minister Amit Shah launched the supply of 'Special Grade Diesel' in Ladakh, via video conferencing on November 17. Besides Shah, Union ...
India's diesel exports to weigh on Asia's refining margins
India's state-owned refiners, such as Indian Oil Corp , Bharat Petroleum Crop and Hindustan Petroleum Corp, used to buy in supplies from private companies to meet demand at the pump. But a decline in diesel consumption, which accounts for about two-fifths of overall fuel demand, means that refiners have to export diesel to overseas markets.
Sharp fall in diesel demand, consumption down 3.3% in September
Diesel consumption grew barely 1.1% in the six months to September when it contracted 3.3%. Diesel makes up 40% of India’s total oil demand, which grew just 1.4% in the first half of 2019-20. In FY19, the demand was up 3% for diesel, and 2.7% for total oil.
Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service