Tag Archives: in

Honda Inaugurates New Facility in Gujarat to Strengthen ‘Make In India’ Resolve

Honda 2Wheelers has opened its 4th manufacturing facility in India in Gujarat. The state-of-the-art facility has been set up to only manufacture scooters and is expected to help start the next wave of economic development in and around Vithalpur which lies in the western state of Gujarat. The factory has been set up in a record time of 13 months. ... Read More »

Make In India Week Is Shaping the Future of the Indian Automobile Industry

The on-going Make In India Week had a sectoral seminar on opportunities in the automobile industry today at the MMRDA Grounds in Mumbai. The event, which began on 13th February, will finish tomorrow.At the automobile seminar, a host of industry leaders and experts from auto giants such as Tata, Mahindra and TVS spoke about how the booming Indian automobile industry ... Read More »

Royal Enfield Sales Zoom 65% in January

New Delhi: Eicher Motors’ Royal Enfield on Monday reported a 65 per cent jump in total motorcycle sales at 47,710 units last month as against 28,927 units in January 2015. The Chennai-based two-wheeler maker said sales of models with engine capacity up to 350 cc stood at 44,234 units last month as against 25,799 units in January 2015 – a ... Read More »

Ashok Leyland Sales Rise Over 30% in January

New Delhi: Hinduja Group flagship firm Ashok Leyland on Monday reported a 30.47 per cent increase in total sales at 13,886 units last month. The company had sold 10,643 units in January 2015. Sales of medium and heavy commercial vehicles jumped 39.94 per cent to 11,208 units last month as against 8,009 units in the corresponding period a year ago, ... Read More »

Mahindra Sales Surge 9.6% in January

New Delhi: Mahindra & Mahindra on Monday reported a 9.66 per cent increase in total sales at 43,789 vehicles last month. The company had sold 39,930 units in January 2015, it said in a statement. In the domestic market, its sales were up 9.84 per cent at 40,693 units last month as against 37,045 units in January 2015. Exports were ... Read More »

Car Sales Get Off to a Slow Start in 2016

New Delhi: Domestic car sales in 2016 began on a subdued note, with market leader Maruti Suzuki posting a marginal increase in January and the likes of Hyundai, Ford and Mahindra & Mahindra reporting a single-digit growth. The home-grown auto major Tata Motors and Honda Cars India saw their domestic sales dip in January even as the industry tries to ... Read More »

Bajaj Auto Sales Up Nearly 2% in January

New Delhi: Bajaj Auto on Tuesday reported a 1.78 per cent increase in total sales at 2,93,939 units last month as against 2,88,746 units in January 2015. Motorcycle sales during the month grew 2.44 per cent to 2,52,988 units as against 2,46,955 units in the corresponding period a year ago, the company said in a filing to the BSE. Bajaj ... Read More »

ECB Says Ready to Ease Policy Further in March

ECB President Mario Draghi dismissed criticism that the central bank was running out of ammunition. Brussels/Frankfurt: The European Central Bank is ready to ease policy further in March, President Mario Draghi said on Monday, highlighting risks from financial market volatility, a global slowdown in growth and low oil prices. The ECB will examine risks emanating from weaker emerging market growth ... Read More »

Exports Seen Sharply Lower at $260 Billion in FY16: Trade Body

New Delhi: As India’s exports fell for the 14th month in a row, exporters said the country may end up with outbound shipments of $260 billion in 2015-16, sharply lower than the $310.5 billion mark achieved in the previous fiscal year. “We may end up with exports of around $260 Billion in 2015-16,” said S C Ralhan, president of exporters’ ... Read More »

Government Planning Hike in FDI for PSU Banks: Report

New Delhi: The government is planning to increase the foreign investment limit in public sector banks to 49 per cent from 20 per cent with a view to attract overseas inflows. The Finance Ministry is looking into the proposal, sources said adding it may be announced in the forthcoming Budget 2016-17. If the government accepts this proposal, it would lead ... Read More »