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China to fine Audi $40 million for breaking monopoly law

Last Updated: Thursday, August 14, 2014, 09:20

China will fine German premium auto brand Audi around 250 million yuan (USD 40.63 million) for violating anti-monopoly laws, the 21st Century Business Herald, an influential business daily, reported on Thursday.

July domestic car sales up 5%; SIAM sees 5-10% growth in FY15

Last Updated: Friday, August 08, 2014, 11:08

Total sales of commercial vehicles were down by 13.64 percent to 47,765 units from 55,310 units in the year-ago period.

BMW Q2 profit jumps 26% boosted by record car sales

Last Updated: Tuesday, August 05, 2014, 15:28

Munich-based BMW aims to achieve a significant rise in sales volume in 2014 to 2 million or more.

Hyundai sales down marginally

Last Updated: Friday, August 01, 2014, 13:24

The company had sold 48,704 units in the same month of last year, it said in a statement.

Luxury carmakers fighting for pole position in India

Last Updated: Tuesday, July 29, 2014, 21:37

At present, luxury cars in India contribute just 2 percent of the Indian passenger car market.

Toyota expects 6-7% growth in car sales in 2014

Last Updated: Thursday, July 17, 2014, 21:31

Clocking a growth of about 12 percent in June after a slide, Toyota Kirloskar Motor (TKM), is expecting a growth of six to seven percent during 2014, a top official said Thursday.

Domestic car sales rise 14.76% in June

Last Updated: Wednesday, July 09, 2014, 11:20

The total two-wheeler sales in June rose 12.99 percent to 12,61,589 units.

Maruti, Hyundai sales up in June as excise cut propels growth

Last Updated: Tuesday, July 01, 2014, 18:07

Buoyed by excise duty reduction, domestic car sales saw an upswing in June with firms, Maruti Suzuki, Hyundai, Honda, M&M, Toyota and Ford reporting growth.

GM may be driving past ignition switch crisis

Last Updated: Wednesday, June 11, 2014, 11:43

For signs that General Motors Co`s ignition switch crisis may be fading, look no farther than the quiet annual meeting this week.

Auto production, sales in China dips to 4.4 percent in May

Last Updated: Tuesday, June 10, 2014, 22:28

The automobile production and sales in China has dropped 4.4 percent in May from April this year, marking the second month-on-month decline in a row in the world's biggest automobile market, an industry group said today.

Domestic car sales up 3.08%, bikes 11.71% in May

Last Updated: Tuesday, June 10, 2014, 11:13

Domestic passenger car sales grew by 3.08 percent to 1,48,577 units last month as compared with 1,44,132 units in May 2013.

Maruti, Hyundai sales surge in May as new govt brings hope

Last Updated: Monday, June 02, 2014, 18:01

Buoyed by positive sentiment over the formation of a stable government at Centre, domestic car sales saw an upswing in May.