Passenger vehicle sales up 9% in February: SIAM

New Delhi: The sale of passenger vehicles rose 9.01 per cent year-on year to 255,359 units in February 2017, according to Society of Indian Automobile Manufacturers (SIAM).

India to beat Japan to become third largest domestic aviation market globally

Mumbai: India is expected to surpass Japan to become the third largest domestic aviation market after US and China, with domestic air traffic expected to reach over 100 million pas...

MAN Truck & Bus expects India to be one of its top 5 non-European markets by 2020

New Delhi: Mr Joachim Drees, Global CEO, MAN Trucks & Bus AG, has stated that India has the potential to be among the top five markets, outside of Europe, by 2020 for the compa...

China's biggest carmaker to drive into India

Mumbai: China’s biggest automobile manufacturer, SAIC Motor, plans to invest US$ 1 billion in India by 2018, and is exploring possibilities to set up manufacturing unit in on...

India is very important to Hyundai's global strategy: India MD Young Key Koo

New Delhi: Mr Young Key Koo, Managing Director, Hyundai Motor India Ltd, has stated that India is a key market for the company, not only in terms of volumes but also as a hub of sm...

Indian aftermarket to touch US$ 16.5 billion by 2021; double figure growth likely

Chennai: The Indian automotive aftermarket is estimated to grow at around 10-15 per cent to reach US$ 16.5 billion by 2021 from around US$ 7 billion in 2016.

Sales of passenger vehicles grow by 4.48% to 280677 units in October: SIAM

New Delhi: Passenger vehicle (PV) sales in India rose 4.48 per cent year-on-year to 280,677 units in October 2016, while commercial vehicle (CV) sales rose 11.90 per cent year-on-y...

New Green Urban Transport Scheme on the anvil with Central assistance of Rs.25,000 cr

New Delhi: The Government of India plans to introduce a new Green Urban Transport Scheme with a central assistance of about Rs 25,000 crore (US$ 3.74 billion), aimed at boosting th...