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Automobile Industry

Exports of petrol, diesel cars can continue, hints Nitin Gadkari

The ministry has also cleared the electric vehicle policy for 100 per cent manufacturing of electric vehicles.

Sep 24, 2017, 20:34 PM IST

Volvo, Volkswagen ready to supply flex-fuel vehicles: Gadkari

Gadkari said the project will be on a pilot basis initially, and could be replicated as there was immense potential for running vehicles on alternative fuel like methanol, ethanol and Bio CNG.


Jun 27, 2017, 19:07 PM IST

Anant Geete to take up lowering of GST rate on hybrids with FM Jaitley

Union Heavy Industries Minister Anant Geete on Monday said he will take up the issue of lowering the 43 percent tax rate on hybrid vehicles under GST with Finance Minister Arun Jaitley.

Jun 12, 2017, 17:32 PM IST

India not yet ready for electric cars: Honda Cars India CEO

Honda Cars on Friday said India is not yet ready to have electric cars in large numbers due to the lack of necessary infrastructure and affordability factor.

May 26, 2017, 18:56 PM IST

Demonetisation impact: Maruti bookings slump 20% in November

Country's largest carmaker Maruti Suzuki on Friday said bookings declined by 20 percent in November, compared to the same period last year, as cash crunch following scrapping of high-value notes led to fall in demand.

Dec 23, 2016, 18:19 PM IST

Automobile industry aims to create 6.5 crore jobs by 2026

The Indian automobile sector aims to contribute over 12 percent to the gross domestic product of the country, and create nearly 6.5 crore additional jobs by 2026 over the next decade, said Kenichi Ayukawa, Managing Director and Chief Executive Officer of Maruti Suzuki India, on Wednesday.

Nov 16, 2016, 22:05 PM IST

Auto industry meets Revenue Secretary Hasmukh Adhia; cess, luxury car definition in focus

The auto industry today discussed with Revenue Secretary Hasmukh Adhia, the rate of cess and definition of luxury cars under the GST regime, which is likely to kick in from April next.

Nov 07, 2016, 15:01 PM IST

Hiring in auto industry to remain under 5% in FY 2017

Hiring in automobile industry is expected to remain below 5 percent in the financial year 2017 when compared to 2016

May 21, 2016, 19:08 PM IST

5,000 jobs affected by diesel vehicles ban in Delhi-NCR: Siam

 The ban imposed on diesel cars and SUVs of engine capacity 2,000cc and above in Delhi-NCR by the Supreme Court has impacted about 5,000 jobs in the automobile sector, according to the industry body Siam.

May 15, 2016, 16:02 PM IST

'No one will invest in Indian auto sector if 30% environment cess is levied'

 No one will invest in India and the country's image as an investment destination will be completely thrown out of gear if an environment cess to the tune of 30 percent were to be imposed on diesel cars and SUVs, according to auto industry body SIAM.

May 09, 2016, 19:38 PM IST

Ban on diesel cars: Supreme Court to hear industry petition today

The Supreme Court will today hear the plea of automobile industry over the ban on diesel cars with engine capacity of 2000 CC and above in National Capital Region.

Apr 30, 2016, 09:16 AM IST

SIAM tears into BS 6 norms draft for being 'diluted'

"BS VI fuel norms announced in the draft notification have been highly diluted as compared to Euro VI norms in Europe and take India back to BS II fuel level of specifications which were prevalent in 2000," Society of Indian Automobile Manufacturers (SIAM) Director General Vishnu Mathur.

Mar 20, 2016, 11:45 AM IST

'RBI status quo clears uncertainty, to help car buyers decide'

RBI keeping key interest rate unchanged will clear uncertainty and help car buyers firm up purchase decisions to cash in on year-end promotional offers, according to automobile industry players.

Dec 01, 2015, 19:49 PM IST

Aluminium use in automobiles reduces pollution: Nalco CMD

 Growing application of aluminium in automobile industry has not only increased fuel efficiency but also reduced the vehicular pollution, said Nalco CMD T K Chand.

Oct 17, 2015, 19:43 PM IST

Toyota posts record net profit in April-June

The automaker`s consolidated operating profit climbed 9.1 percent to a record 756.00 billion yen and sales rose 9.3 percent to 6.99 trillion yen, Kyodo news agency reported.

Aug 04, 2015, 16:26 PM IST

Mahindra to launch Jeeto mini truck to take on Tata Ace Zip

M&M's Jeeto is expected to take on Tata Ace Zip which has a payload capacity of 600 kgs and is priced around Rs 2.55 lakh.

Jun 14, 2015, 16:25 PM IST

Honda eyes double digit car sales growth, banks on new Jazz

HCIL, which aims to touch 3 lakh unit sales milestone per annum by the end of 2016-17, currently sells compact car Brio, compact sedan Amaze, mid-sized sedan City, multipurpose vehicle Mobilio and premium sports utility vehicle CR-V.

Jun 14, 2015, 12:52 PM IST

Deficient monsoon can hit sales in rural market: Maruti Suzuki

"Yes, the deficient monsoon prediction is a cause of worry. Sales could be affected in some parts, specially in the rural market," Maruti Suzuki India Managing Director and CEO Kenichi Ayukawa told reporters here.

Jun 03, 2015, 18:04 PM IST

Volvo Auto India appoints Tom von Bonsdorff as MD

Bonsdorff, who has been with Volvo Cars for 17 years in various operational and managerial positions, will replace Tomas Ernberg who is moving back to Sweden in a new role, Volvo Auto India said in a statement.

Jun 01, 2015, 17:44 PM IST

Honda Motorcycle & Scooter sales up 3% in May

Two-wheeler manufacturer Honda Motorcycle & Scooter India (HMSI) on Monday reported a 3.28 percent increase in total sales at 3,67,226 units in May.

Jun 01, 2015, 16:26 PM IST