Automobile

  • Photo of Volvo to unveil its first electric car XC40 SUV on Oct 16

    Volvo to unveil its first electric car XC40 SUV on Oct 16

    Stockholm: Volvo Cars on Wednesday said it is all set to unveil its first fully electric car, XC40 SUV, equipped with a new safety structure for passengers and battery alike, on…

  • Photo of Auto giant Maruti cuts car prices

    Auto giant Maruti cuts car prices

    India’s biggest maker of passenger vehicles Maruti Suzuki cut prices of some car models Wednesday in a bid to boost sales as the auto sector struggles with weak demand amid…

  • Photo of Hero MotoCorp, Maruti top gainers on ‘historic’ Friday

    Hero MotoCorp, Maruti top gainers on ‘historic’ Friday

    Mumbai: As Indian stock markets surged to decade-high gains on Friday following Finance Minister Nirmala Sitharaman’s announcement of corporate tax rate cut among other measures, Hero MotoCorp and Maruti Suzuki…

  • Photo of BMW should buy ‘severely challenged’ JLR: Analysts

    BMW should buy ‘severely challenged’ JLR: Analysts

    San Francisco:US Senators have urged more automakers to join four car companies in signing a deal with California to meet stricter emission standards, despite a decision by the White House…

  • Photo of Himachal aims 100 pc transition to e-vehicles by 2030

    Himachal aims 100 pc transition to e-vehicles by 2030

    Shimla: Himachal Pradesh is aiming to achieve 100 per cent transition to electric vehicles by 2030 in alignment with the United Nation’s sustainable development goals, an official said on Wednesday.…

  • Photo of Air India’s bond issue of Rs 1,000 crore fully subscribed on first day

    Air India’s bond issue of Rs 1,000 crore fully subscribed on first day

    Mumbai: The bond issue of Air India Assets Holding Ltd (AIAHL) with a three-year tenure of Rs 1,000 crore and a greenshoe option of Rs 6,000 crore was been fully subscribed at the rate of 6.99 per cent…

  • Photo of Some 46,000 General Motors auto workers strike in US

    Some 46,000 General Motors auto workers strike in US

    Detroit: The United Auto Workers union began a nationwide strike against General Motors on Monday, with some 46,000 members walking off the job after contract talks hit an impasse. The…

  • Photo of Nissan CEO resigns over pay issue

    Nissan CEO resigns over pay issue

    Tokyo: After admitting to being overpaid by an equity-linked remuneration scheme, Nissan Motor Co. President and CEO Hiroto Saikawa on Monday stepped down from his post. Saikawa, 65, was appointed…

  • Photo of Pedal-to-Metal: More steps, time needed for auto sector revival

    Pedal-to-Metal: More steps, time needed for auto sector revival

    New Delhi: With automobile industry’s August sales touching the lowest level since 1997-98, industry insiders assert that the time is ripe for the government to take other steps to save…

  • Photo of Ola, Uber fares may surge at thrice the base price

    Ola, Uber fares may surge at thrice the base price

    The cab aggregators may be permitted to charge the customers up to three times during high demand periods. As reported by Business Standard, the government may soon impose new regulations…

  • Photo of Auto industry veteran Subbu to head Ampere Vehicles board

    Auto industry veteran Subbu to head Ampere Vehicles board

    Bengaluru: Indian engineering major Greaves Cotton’s subsidiary Ampere Vehicles Ltd on Thursday said it appointed auto industry veteran B.V.R. Subbu as Chairman of its board to steer it in the…

  • Photo of Mahindra launches subscription service for its vehicles

    Mahindra launches subscription service for its vehicles

    Mumbai: Automobile major Mahindra & Mahindra (M&M) has partnered with self-drive car rental firm Revv to roll out a subscription-based service for retail buyers of its personal range of vehicles.…

  • Photo of Tata Motors Group August global wholesales down 32%

    Tata Motors Group August global wholesales down 32%

    Mumbai: Tata Motors Group on Wednesday reported a decline of 32 per cent in August’s global wholesales, including that of Jaguar Land Rover, over the corresponding period of last year.…

  • Photo of App-based taxi adversely affected Auto sector: Finance Minister

    App-based taxi adversely affected Auto sector: Finance Minister

    Chennai: Finance Minister Nirmala Sitharaman on Tuesday stated that the mindsets of millennial were adversely affecting the automobile industry as they prefer to use radio taxi services instead of buying own vehicle.…

  • Photo of Auto, manufacturing firms shed one-third share value in a year

    Auto, manufacturing firms shed one-third share value in a year

    Mumbai: The ongoing economic slowdown in the country has claimed the livelihood of lakhs of people. New projects and investments have been put on hold, while a revival could take…

  • Photo of Double whammy for auto sector as July exports dip

    Double whammy for auto sector as July exports dip

    New Delhi: Already grappling with a domestic consumption slowdown, Indian automobile sector’s exports have also taken a hit in July, an industry analysis showed on Wednesday. According to the Engineering…

  • Photo of Auto industry value chain pins hopes on healthy festive sales

    Auto industry value chain pins hopes on healthy festive sales

    New Delhi: Faced with a consumption slowdown along with the high cost of finance, the country’s automobile industry’s value chain expects a partial turnaround during the upcoming festive season and…

  • Photo of No impact on social sector spending due to tax shortfall: FM

    No impact on social sector spending due to tax shortfall: FM

    Kolkata: Finance Minister Nirmala Sitharaman on Friday ruled out any scaling down of the social sector spending due to any possible shortfall of tax revenues. “Any tax collection shortfall will…

  • Photo of Ashok Leyland denies declaring 5-non-working days

    Ashok Leyland denies declaring 5-non-working days

    Commercial vehicles major Ashok Leyland Ltd, denies report declaring five non-working days for its Ennore plant in Chennai.  When NDTV contacted, the Hinduja Group flagship company said there is no…

  • Photo of Auto sector growth story nears end: Tata Motors CEO

    Auto sector growth story nears end: Tata Motors CEO

    New Delhi: The sales downturn that has dented the automobile sector might end the industry’s growth story, a senior Tata Motors official said, here on Thursday. Tata Motors CEO and…

  • Photo of Slowdown Blues: Auto sector may wipe out a million jobs

    Slowdown Blues: Auto sector may wipe out a million jobs

    A million contractual manufacturing jobs are at risk due to the consumption slowdown, Society of Indian Automobile Manufacturers (SIAM) President Rajan Wadhera said, here on Thursday. The slowdown has forced…

  • Photo of Nissan appoints new managing director in India

    Nissan appoints new managing director in India

    Gurugram: Auto major Nissan on Thursday announced the appointment of Rakesh Srivastava as the new Managing Director for India operations. He will report to Sinan Ozkok who is the President…

  • Photo of Maruti Suzuki to shut down production plants on Sept 7 & 9

    Maruti Suzuki to shut down production plants on Sept 7 & 9

    New Delhi: Maruti Suzuki has announced a 2-day shutdown at Gurugram & Manesar production units on September 7 & 9, reeling under severe slowdown, news reports said. Maruti Suzuki India…

  • Photo of Bugatti Chiron sets world record at 304-mph

    Bugatti Chiron sets world record at 304-mph

    The Bugatti Chiron is officially the world’s fastest supercar — and by quite a long shot, too. Top Gear broke the news on Monday, confirming Bugatti test driver, Andy Wallace,…

  • Photo of Maruti Suzuki sales fall 33% in August

    Maruti Suzuki sales fall 33% in August

    New Delhi: Maruti Suzuki India on Sunday reported a 32.7 per cent decline in its total vehicle sales in August 2019 on a year-on-year (YoY) basis. The company sold a…

  • Photo of Pakistan to close airspace at its own peril

    Pakistan to close airspace at its own peril

    New Delhi: Pakistan’s repeated threat to close its airspace for Indian airlines seems more aimed at placating its own people angry over the Kashmir issue as taking such a step would…

  • Photo of IAF plans to buy 33 MiG-29, Sukhoi 30 fighter jets

    IAF plans to buy 33 MiG-29, Sukhoi 30 fighter jets

    New Delhi: In a move likely to boost its dwindling fighter squadron strength, the Indian Air Force (IAF) is pushing a proposal for acquiring 33 new combat aircraft including 21…

  • Photo of Droom launches electric wheelchairs

    Droom launches electric wheelchairs

    Gurugram: In a bid to enable freedom of transportation and access to mobility, Droom, India’s online automobile transactional marketplace, has launched an electric wheelchairs category on its platform. Along with the electric…

  • Photo of ‘Auto sector’s demand conditions likely to persist

    ‘Auto sector’s demand conditions likely to persist

    Mumbai: The subdued demand conditions that led to weak performance by Indian automakers in the first quarter of 2019-20, will likely persist, adding to the challenges from the implementation of…

  • Photo of Bajaj blames auto sector for slump, mediocre products

    Bajaj blames auto sector for slump, mediocre products

    Mumbai: While most auto market players sought government intervention to support the sector, facing slowdown amid falling sales, Bajaj Auto Managing Director Rajiv Bajaj has divergent views and says the…

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