sajjan jindal: MG Motor to recast seller community forward of take care of Sajjan Jindal Co
MG Motor India plans to overtake its dealership community by closing underperforming ones and opening new sellers in newer places forward of a possible alliance between its Chinese language mum or dad and a personal firm owned by JSW Group chairman Sajjan Jindal, individuals conscious of the event informed ET. The maker of Hector and […]
Automobile registrations bounce 20% YoY in September
New Delhi: Automobile registrations in India – a proxy for retail gross sales – elevated by 20% from a yr earlier in September signalling continued demand momentum within the home market. The September efficiency has brightened prospects of accelerated gross sales this month which will probably be witness to the important thing festivals of Navratri […]
Maruti Suzuki receives present trigger discover price Rs 16 lakh from customs division
Car main Maruti Suzuki India on Monday mentioned it has obtained a showcause discover from the customs division for evading customized obligation amounting to Rs 16,27,085 by wrongly availing of the BCD concession primarily based on the tip use of the imported items. The corporate mentioned it should file a reply to the present trigger […]
Maruti share value: Complete capex until 2030-31 might be round Rs 1.25 lakh crore: Maruti
Maruti Suzuki India (MSI) is planning capital expenditures (capex) till 2030-31 amounting to roughly Rs 1.25 lakh crore, the corporate stated in a inventory alternate submitting on Monday. The corporate’s technique entails increasing its present product lineup from 17 fashions to twenty-eight whereas rising its manufacturing capability. Maruti goals to have a complete manufacturing capability […]
M&M share worth: Mahindra Final Mile Mobility receives the primary tranche of Rs 300 crore from IFCI
Mumbai: The Mahindra and Mahindra arm that makes three-wheelers and small industrial automobiles in numerous gas choices together with electrical, has obtained the primary tranche of ₹ 300 crore from Worldwide Finance Company, the corporate stated in a notification to the Bombay Inventory Trade In March 2023, the IFC dedicated to speculate ₹ 600 Crore […]
Pawan Munjal FIR: Delhi police lodges FIR towards Hero Moto chairman Pawan Munjal, alleging forgery
The Delhi Police has lodged an FIR towards Hero MotoCorp Chairman Pawan Munjal for allegedly falsifying accounts and availing tax credit on pretend payments generated by the corporate. The FIR lodged on October 5 alleges the Munjal of unlawful acts of forgery, dishonest and falsifying the books of accounts amounting to Rs 5.94 crore and […]
India’s auto gross sales bounce 20% in September, 2-wheelers’ new feat exhibits turnaround for rural markets
India’s total auto gross sales in September jumped 20% from a yr earlier and likewise clinched new feats for two-wheeler, 2W, and three-wheeler, 3W, classes forward of the doubtless festive increase. “September’s Auto Retail celebrated a 20% YoY leap, persevering with the momentum from the earlier month whereas marking a 3.5% MoM improve, seamlessly transitioning […]
Mass-market carmakers are making ‘six airbags’ a brand new norm for vehicles & SUVs in India
Mumbai: Mass-market carmakers in India are working in direction of making six airbags the brand new norm for vehicles and sports activities utility automobiles (SUVs). That is due partially to altering market dynamics and shopper decisions on this planet’s third-largest car market. As soon as seen solely in premium and luxurious vehicles, six airbags are […]
shopper desire: SUVs now drive half the gross sales in India’s Motown
Sport-utility autos (SUVs) now make up half of all passenger automobile gross sales in India, doubling their market share in 5 years. This shift in purchaser desire in the direction of greater, feature-rich autos has come on the expense of once-popular small automobiles. As a lot as 52% of the 363,733 passenger autos offered in […]
Tata Motors world wholesales rise 7 computer to three.42 lakh models in Sept qtr
Tata Motors on Friday mentioned its world wholesales, together with that of Jaguar Land Rover, rose 7 per cent to three,42,376 models within the second quarter of the present fiscal. International wholesales of Tata Motors’ business automobiles and Tata Daewoo vary within the July-September quarter of FY24 had been at 1,06,620 models, up 3 per […]