The company sells nearly 18,000 passenger vehicles per month in the domestic market and its market share has been consistent at around 8 per cent for last few years. "Last couple of years, we have not grown market share, but similarly, we haven't lost either," Pawan Goenka said.
The automaker has received 3,972 US warranty claims relating to the issue. The battery sensors may not be sufficiently sealed against moisture intrusion, Honda said.
To survive, the company had to manage production of 250,000 units per year but Nano was selling far less.
The company, which generates revenue of around USD 600 million annually, is a major player in tractors ranging up to 120 hp.
The company has cut price of its hatchback Brio by up to Rs 12,279 and that of compact sedan Amaze by up to Rs 14,825 and has slashed price of Jazz by up to Rs 10,031 and that of its recently launched model WR-V by up to Rs 10,064 among other price cuts
"They have a long way to go before reaching numbers capable of making a significant contribution to greenhouse gas emission reduction targets," the IEA said. "In order to limit temperature increases to below 2 degrees Celsius by the end of the century, the number of electric cars will need to reach 600 million by 2040," it added.
The company also claimed that "three of the most fuel efficient cars in India" are all from its stable. These are the diesel variants of hatchback Celerio (27.62 kmpl), compact sedan Dzire (28.4 kmpl) and mid-sized sedan Ciaz (28.09 kmpl).
"The establishment of manufacturing operations and start of production of the Jeep Compass is an important milestone for our journey in India," Alcala said.
Fiat Chrysler had launched the Jeep brand in India in August last year with its completely built units (CBUs).
Rolls-Royce Sweptail unveiled this weekend at the Concorso d’Eleganza at Villa d’Este, Italy, is the pinnacle of customisation and could be the most expensive car in the world. An exclusive piece, for a customer, the manufacturing of the car took four years to complete.
Mahindra has struggled to boost sales due to high battery costs of around $270 per kilowatt hour, a dearth of charging stations and low buyer interest.
Based on latest MQB platform, the Volkswagen Tiguan is powered by a 2 litre diesel engine, mated to a seven speed automatic-DSG gearbox.
Electric vehicles are expensive due to high battery costs, and car makers say a lack of charging stations in India could make the whole proposition unviable.
Tata Tigor India launch: Although it is based on the Tiago platform, Tigor's dimensions are taller, wider and longer than the hatchback.
The company will start retailing the products from four dealerships, Delhi, Gurgaon, Mumbai and Bengaluru.
Market leader MSI increased its share to 47.6 per cent, selling 13,15,946 units during the period.
Confirming the development, MSI spokesperson said, "As part of refreshing our product portfolio, we continuously review our portfolio and introduce new models."
The all-new Jaguar XF will be available in two options - a 2-litre Ingenium diesel engine with a power output of 132 kW and a 2-litre petrol engine with a power output of 177 kW, the company said in a statement.
The facelift of 2017 Honda City comes with more updated features and specifications.
Motorcycle sales declined 6.07 per cent to 8,19,386 units last month as against 8,72,323 units a year earlier.
The company has adopted a new passenger vehicles strategy with an aim to achieve "sustainable financial performance" and to be among top three PV makers in India by 2019
Volkswagen China promised to check all the affected vehicles and replace the defective parts free of charge.
The company is now selling only the top-end Alpha variant of the vehicle featuring 1.6 litre diesel engine, priced at Rs 12.03 lakh (ex-showroom Delhi), from its premium retail channel Nexa.
Faulty coolant pumps that can overheat and cause fires were installed in more than 342,800 Audi A4s, A5s, A6s and Q5s produced in or after 2012.
Tata Hexa is available in six different variants: XE, XM, XMA, XT, XTA and XT 4x4.
For the Ignis, the company says it has invested over Rs 950 crore for vehicle development.
The new model will be sold through the company’s Nexa premium outlets.
The expected price of the four varieties of the 2017 Honda City -- S, V, V+ and SV -- is expected to be between Rs 8 lakh and Rs 12.5 lakh in India.
Motorcycle sales dipped 22.5 per cent to 5,61,690 units last month, from 7,24,795 units a year earlier.
"We had some deficits, cost and quality problems. Design was not top-notch. And with Chrysler we were no longer a pure premium carmaker," officials said.
Suzuki is expected to roll out the third generation of Swift sometime by the middle this year. The details of the models were shared on December 27, 2016 in Japan, where the price of variants will range from 1.34 million Yen (INR 7.78 lakh) to 1.84 million Yen (INR 10.69 lakh). The car was rolled […]
The engines in Ignis adhere to the BS6 emission norms expected to be implemented by April 2020.
Volkswagen believes it can bring the other 60,000 vehicles into compliance with pollution regulations and will not offer a buyback if that's the case, officials said.
This latest offering from the automotive company comes right after the launch of Tiago in April 2016, which features a new 'Impact Design' theme crafted by the company.
The Evoque became the first Land Rover in India to get the Ingenium 2 litre diesel engine.
The company, which launched the car in India with 98 per cent localisation in 2015, has already started exporting the hatchback to Sri Lanka, Nepal and Mauritius.