August 31, 2014 11:47 (IST)
Maruti Suzuki India is confident of getting minority shareholders' nod to let parent Suzuki Motor Corp own and invest in its Gujarat facility and has no second option.
August 30, 2014 12:32 (IST)
At the Bonhams Quail Lodge auction, nine Ferrari models set records, as did a Rolls-Royce once owned by Elvis Presley, and several Maseratis. Even a 1962 Austin Mini sold for a record $181,500. The week's sales total hit $400 million, a 28 percent increase from a year ago.
August 29, 2014 11:52 (IST)
On the significance of having temporary workers, Mr. Bhargava said a certain percentage of the total workforce need to be non-permanent to cater for the fluctuations and demands in the auto industry.
New Delhi | August 28, 2014 20:06 (IST)
The investments would be made under the state government's industrial project policy, which was initiated in 2005 to boost investment in the manufacturing sector.
Chennai | August 28, 2014 17:56 (IST)
Hindustan Motors, the manufacturers of the famous Ambassador range of cars, in a BSE filing, said, "the company is one of the parties against which the order has been issued. The Competition Commission of India has levied a fine of Rs 13.85 crore on the company".
Mumbai | August 28, 2014 17:24 (IST)
The company, which had earlier put on hold the expansion at the plant and considered other options citing lack of support from the Maharashtra government, said the fresh infusion would take its total investment in Chakan to Rs 8,000 crore.
Noida | August 28, 2014 15:32 (IST)
The new X3 is available only in diesel option and is being locally produced at the company's Chennai plant. It goes on sale across the country from today onwards.
August 28, 2014 13:38 (IST)
Maruti Suzuki India is looking at nearly doubling the number of models to 25, including entry into SUV and LCV segments, as it aims a sales target of 3 million cars annually.
August 27, 2014 23:26 (IST)
Maruti Suzuki India, the country's largest carmaker, on Wednesday said it would challenge the penalty imposed on it by Competition Commission of India (CCI) for violation of trade norms in the spare parts market.
August 27, 2014 17:00 (IST)
TVS Motors Company has said its new products will help in increasing its market share in scooter segment to 18 per cent from 15 per cent over the next few months.
August 27, 2014 15:16 (IST)
With a list of courtships with some of the glamorous global automotive brands - Ford, Renault and Navistar - behind, Mahindra Group chairman and managing director Anand Mahindra has said such partnerships have shelf life.
New York | August 27, 2014 08:20 (IST)
Amy Weiss, a spokeswoman for Kenneth Feinberg, told Reuters that the 107 deaths were among 309 claims that have been submitted so far. The program began accepting claims on August 1 and will remain open until December 31.
August 26, 2014 23:46 (IST)
Tata Motors on Tuesday said it would challenge the penalty imposed on it by the Competition Commission of India (CCI) for violation of trade norms in the spare parts market.
August 26, 2014 17:00 (IST)
Maruti is seen most impacted after being fined Rs 470 crore.
Written By: Varun Sinha | August 26, 2014 16:11 (IST)
The Competition Commission of India has the answer in a 215-page report, where it has pulled up all 14 car makers for "violating trade norms in the spare parts markets" and has imposed a penalty of Rs 2,545 crore on them.
August 26, 2014 16:10 (IST)
The fine has been calculated as 2 per cent of car makers' average turnover and the penalty is to be deposited within 60 days.
August 26, 2014 15:00 (IST)
Auto major Mahindra & Mahindra on Tuesday said it would challenge the penalty of Rs 292.25 crore imposed on it by the Competition Commission of India (CCI) for violation of trade norms in the spare parts market.
August 25, 2014 22:17 (IST)
In the first major order against the auto sector, the Competition Commission of India (CCI) on Monday slapped a penalty of Rs 2,545 crore on 14 carmakers, including Maruti Suzuki and Tata Motors, for violating trade norms in the spare parts market.
August 25, 2014 20:58 (IST)
Bajaj Auto is bullish on its two new 150-cc bikes and is aiming to regain lost ground in the second half of the current fiscal year (2014-15).
August 25, 2014 20:50 (IST)
The Delhi High Court on Monday reserved its ruling on Haryana's plea challenging its order restraining the state from prosecuting carmaker Maruti for not having prior environment clearance (EC) for its unit in Rohtak.