What with the sales of automobiles showing no sign of recovery, the Indian automotive segment is perturbed with no help coming from the government either.
Before the evolution of Nissan Leaf and Chevrolet Volt, India had its own electric car, REVAi, promoted by the Maini Group, eventually acquired by the homegrown auto major, Mahindra & Mahindra and the car ended more than a decade of production in 2012, after selling less than 5,000 units globally, according to a NYT report. Its dwindling sales haven't detered Mahindra from increasing the stakes: This year, Mahindra Reva is betting big on its new electric four-seater hatchback, E2O.
The Chennai-based two-wheeler and three-wheeler maker, TVS Motor Company has posted a small slip in total sales at 1,65,696 units in February 2013.
Audi, the German luxury car manufacturer, celebrated its association with 15th Vintage and Classic Car Rally in Jaipur.
Mahindra SsangYong Rexton, the premium, stylish and powerful vehicle from the stable of Mahindra Group was launched in Nagpur starting at an attractive price of Rs 18,00,000 for RX5 version, with manual transmission and Rs 20.15 lakh for RX7 version with automatic transmission (Ex-Showroom, Nagpur) on March 1, 2013.
What with Indian automotive original equipment manufacturers in the country being impacted by sagging sales, only an estimated 51 odd percent of them are expected to hire for new jobs this year.
What with the purpose of burgeoning its stake in the transportation of automobiles, the Indian Railways had notified a new Automobile Freight Train Operator scheme.
Mahindra & Mahindra today achieved a milestone by producing the two millionth tractor from its Kandivali plant in Mumbai.
FIAT Group Automobiles India Private Limited inaugurated two new dealership outlets in Bangalore this morning.
The Chennai-based Nissan Motor India seems to be undeterred about its launch plans of its SUV, despite the excise duty hike proposed by the Budget 2013 last week.
British luxury car maker, Jaguar Land Rover is exploring the possibility of producing its cars in India as part of its strategy to build growth in emerging markets, with the support of Indian parent, Tata Motors.
Nissan Motor India Private Limited, the wholly owned subsidiary of Japanese car major, Nissan today launched the Nissan Safety Driving Forum in its home turf of Chennai.
Immediately after the Budget announcement, the state-owned Indian Oil Corporation has increased the petrol price by Rs 1.40 with effect from yesterday midnight.
Yamaha Motor India, the domestic arm of the Japanese two-wheeler major Yamaha has posted 19 percent sales growth at 32,097 units in February this year as against 27,050 vehicles in the year ago period.
The Industry body, the Society of Indian Automobile Manufacturers (SIAM) has urged the Government of India to withdraw the excise duty hike announced by the Finance Minister, P Chidambaram, while presenting the Budget 2013.
