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The auto industry expects car sales to be on the fast lane this festive season on the back of new launches and improved production but is cautiously optimistic on the road ahead once the festivities peter out. The festive season, which usually witnesses a spike in automobile sales, begins this year on August 11 with […]
Tata Motors has inked a pact to acquire Ford India’s Sanand-based manufacturing plant for Rs 725.7 crore, as it aims to bolster its passenger vehicle production capacity. As part of the deal, Tata Motors will get the entire land and buildings, vehicle manufacturing plant along with machinery and equipment situated therein, the Mumbai-based auto major […]
Ashok Leyland, the flagship Company of the Hinduja Group and India’s leading commercial vehicle manufacturer launched its innovative 13.5m bus chassis at Prawaas 3.0, organized by Bus & Car Operators Confederation of India (BOCI). The 13.5m intercity bus chassis (4X2) is a new platform engineered for high speed intercity commute with larger saloon space. It […]
Omega Seiki Mobility (OSM) on Friday announced a strategic partnership with Agri Junction to deploy over 10,000 electric two and three-wheelers in rural markets by current fiscal year. In the first phase, these vehicles will be introduced in tier II and III markets of Uttar Pradesh and Maharashtra, the two firms said in a joint […]
Housing sales are likely to be hit, especially in affordable and mid-income categories, following the RBI’s decision to hike repo rate, according to real estate developers and consultants. However, the impact of RBI’s decision to raise the benchmark lending rate by 50 basis points to 5.40 per cent is expected to be for a short […]
With an eye on the upcoming Onam season, Tata Motors, a home-grown automaker, plans to increase its sales in Kerala by 40 per cent in the second quarter of the financial year 2022. Rajan Amba, the Vice-President, Sales, Marketing and Customer Care of Tata Motors Passenger Vehicles Ltd, said Kerala is a big market for […]
The country has more than 21 crore two-wheelers and over 7 crore four-wheelers and above category of vehicles registered, Parliament was informed on Thursday. In a written reply to the Lok Sabha, Road Transport and Highways minister Nitin Gadkari said out of the total vehicles, 5,44,643 are electric two-wheelers while 54,252 are electric four-wheelers and […]
Automobile retail sales in India dropped 8 per cent on an annual basis in July on account of fall in registrations of passenger vehicles, two-wheelers and tractors. As per data released by the automobile dealers’ body FADA on Thursday, the overall automobile retail sales last month stood at 14,36,927 units, as compared with 15,59,106 units […]
Gulf Oil Lubricants India Limited, a Hinduja Group Company, has today reported its Unaudited financial results (Standalone) for the Quarter ended June 30, 2022. Key highlights are as under Particulars Rs. in Crore Q-1- FY-22-23 Q1 -FY 21-22 Growth% Y-o-Y Net Revenue 706.45 417.37 69.26% EBITDA 85.03 42.13 101.83% Profit Before Tax (PBT) 74.37 40.67 […]
Ashok Leyland, the flagship Company of the Hinduja Group and India’s leading commercial vehicle manufacturer, today, further strengthened its AVTR portfolio by introducing 250HP, 6-cylinder 4 Valve Engine with premium N Cabin in haulage, tractor and tipper segments. The proven H series engine makes this new range of trucks suitable for customers who seek higher […]