November 25, 2014 10:37 (IST)
Honda said in a statement that its count of underreported claims came from a third-party audit.
November 24, 2014 22:56 (IST)
Acknowledging that the company needs to do a lot, Mr Pareek said expanding into newer markets and a deeper penetration in the existing ones was on cards.
November 23, 2014 18:04 (IST)
Revving up the throttle on its expansion plans following 'huge' demand, premium motorcycle manufacturer Royal Enfield is looking at ramping up production at its two facilities here besides setting up a third plant, a top official said.
November 23, 2014 16:06 (IST)
Tata Motors plans to introduce several new technologies including the automated manual transmission (AMT) in its commercial vehicles in a bid to consolidate its position in the segment.
November 20, 2014 14:49 (IST)
The company, which currently exports products to markets, including Middle East and Africa, plans to bolster dispatches to existing and new markets to achieve the target.
November 19, 2014 20:39 (IST)
The company, however, said India's high duty on imported vehicles and lack of a separate category for electric cars is preventing it from selling its vehicles in the country despite having a huge potential.
November 18, 2014 15:15 (IST)
The company, which is present in India in a joint venture with the Kirloskar group -- Toyota Toyota Kirloskar Motor, is celebrating the first anniversary of its Camry Hybrid in India during which it has sold 541 units.
November 16, 2014 12:41 (IST)
Buoyed by the response to its latest compact sedan Zest that managed to pip Honda's Amaze in October sales, the company is also integrating its 'quality process' in the entire product planning system from early design stages right up to the final vehicle.
November 13, 2014 23:28 (IST)
In the passenger vehicles category, the global sales last month were at 49,977 units as against 50,814 units in October 2013, down 1.64 per cent, Tata Motors said in a statement.
November 13, 2014 22:04 (IST)
Talks between the Indian Tata-owned automaker and workers' representatives ended with no agreement in October after the union rejected a pay deal offering staff a rise of at least 3 per cent in each of the next three years.
November 13, 2014 18:26 (IST)
In the two-wheeler segment, the firm which is in the process of acquiring 51 per cent stake in Peugeot Motocycles for 28 million euros, is eyeing various global markets besides India to launch the French firm's products.
November 12, 2014 09:55 (IST)
Approximately 160 employees will be laid off during 2015 at a factory in Orion, Michigan to "better align with market demand," the company said in an email to AFP, and a plant in Lansing, in the same state, will eliminate 350 of its 1,500 positions for the same reason.
November 11, 2014 17:01 (IST)
Auto majors Tata Motors and Mahindra & Mahindra on Tuesday announced price increases in the range of 1-2 per cent citing higher input costs.
November 10, 2014 15:17 (IST)
Car sales growth this fiscal year is likely to be below 5 per cent, Sugato Sen, deputy director-general, SIAM, told reporters on Monday.
November 10, 2014 14:38 (IST)
Motorcycle sales last month also declined 8.73 per cent to 10,08,761 units from 11,05,269 units a year earlier, according to data released by the Society of Indian Automobile Manufacturers (SIAM).
November 07, 2014 17:27 (IST)
Edelweiss believes that due to falling crude oil prices and last year's base effect, inflation will come down sharply in the near future, leading to higher real income in the hands of consumer and ultimately higher auto sales.
November 07, 2014 09:45 (IST)
A similar partnership between Toyota and 51 per cent-owned Daihatsu Motor Co has proved successful for years in Indonesia, Southeast Asia's biggest car market - though that crown may be slipping now.
November 06, 2014 20:11 (IST)
Suzuki, whose subsidiary Maruti Suzuki India Ltd sells almost every other car in India, kept its typically conservative operating profit guidance at 188 billion yen for the full business year ending March 31.
November 05, 2014 09:35 (IST)
While BMW Group is sticking to its goal of selling more than 2 million cars this year, chief financial officer Friedrich Eichiner on Tuesday said BMW now expected a "solid" increase in sales in 2014, backtracking from an earlier forecast of expecting a "significant" increase.
November 04, 2014 19:42 (IST)
In the first phase of its foray into Europe, the company plans to launch its products in Italy, Spain and France followed by the UK and Germany in the next phase of expansion, Hero MotoCorp Ltd (HMCL) said in a statement.