The company, which sold 45 units in India last year, had earlier in the year pegged growth for 2019 at around 60 per cent.
Over 3,000 temporary employees have lost jobs with the country's largest carmaker Maruti Suzuki India (MSI) due to the ongoing slump in the automobile industry, a top company executive has said.
India's automotive sector is facing a crisis, with a sharp decline in sales forcing manufacturers to cut back on production. Industry insiders warn that hundreds of thousands of jobs are at risk.
"While this has been part of the annual holiday calendar on account of Independence Day, Raksha Bandhan and the weekend, it also partly reflects the prevailing market demand scenario," the company said.
Society of Indian Automobile Manufacturers President Rajan Wadhera said the assurance is completely in-line with SIAM's recommendations that all relevant technologies should co-exist in India's journey towards sustainable mobility.
Viewed strictly as a car, the Type 64, while advanced for its time, is hardly impressive by today’s standards.
Commenting on the development, MSI Executive Director, Marketing and Sales Shashank Srivastava said, "With the new BS-VI compliant petrol engines, much ahead of the government deadline, we reinforce our commitment towards cleaner environment."
Representatives from the auto, auto components and dealers trade bodies as well as officials from the ministries of finance, heavy industries and road transport were also present.
Japanese automaker Honda has reported a 29% decline in fiscal first quarter profit as an unfavorable currency exchange and declining auto sales in the U.S. and India hurt earnings
Domestic sales declined by 36.3 per cent at 98,210 units last month as against 1,54,150 units in the year-ago month, Maruti MSI said in a statement.
BMW India said it will locally produce diesel variant of X7 from its Chennai plant while importing the petrol version as a completely built-up unit (CBU).
2020 Chevy C8 Corvette: With no traditional long hood, front fenders, it has been replaced by a downward-sloping snub nose and short fenders. The tapered hatch at the back opens to a small trunk which boasts of a 6.2 litre 495-horsepower engine.
Budget incentives, a mission plan, and a 2030 target show the govt’s intention to get India’s sluggish electric vehicle market going. However, from infrastructure and price bar, to policy confusion and a worried market, there is a long way to go. The Indian Express on the many speed breakers
The new V grade comes with advanced and comfortable features, including 17.7cm touchscreen infotainment with navigation, steering mounted controls, one push start or stop button, it added.
Passenger vehicle sales have witnessed a fall in 11 out of the last 12 months with October 2018 being the only exception with marginal expansion. The decline was across the board with both two-wheeler and car sales witnessing a double-digit decline.
Hyundai Kona SUV launched: S S Kim, MD and CEO, Hyundai India Limited, told The Indian Express that while the car will contribute in setting some electric vehicle culture in Indian market, lack of infrastructure is the biggest challenge.
The challenge of investing in electric, hybrid and autonomous vehicles while having to overhaul combustion engines to meet new clean-air rules, has forced Europe's carmakers to slash fixed costs and streamline their model portfolios.
The Hector has a 10.4 inch HD Touch Screen giving easy access to information, and complete control. MG calls it the 'Internet car' ready to take on SUVs in the auto market.
Minister of State for Finance Anurag Thakur was replying to a question asked by BJP MP Varun Gandhi during the Question Hour. "The matter has been placed before the GST Council and will be considered. As of now, it is pending before the council," he said.
The Seltos has been designed and developed keeping the Indian market in mind but will be exported from the company's plant in Anantapur, Andhra Pradesh, to Middle East, Africa, Latin America and other Asian countries.