Passenger vehicle industry: India made four million cars in FY18

New Delhi: In FY18 India's passenger vehicle industry recorded a production growth rate of 4.42 per cent with increase in production to four million from three million annually...

Passenger vehicle sales hit record 3.28 mn in 2017-18

New Delhi: Passenger vehicles sales recorded a growth of 7.89 per cent with sales of 3.28 million units in 2017-18, according to Society of Indian Automobile Manufacturers.

Tractors to power M&M, Escorts

Mumbai: Tractor sales of Escorts and Mahindra & Mahindra recorded a year-on-year growth of 65 per cent and 50 per cent respectively in March 2018; supported by new products and...

M&M to form JV with Ideal Motors for vehicle assembly in Sri Lank

New Delhi: Mahindra & Mahindra will be forming a joint venture with Ideal Motor's of Sri Lanka for the purpose of assembling major range of utility vehicles.

CVs to drive auto financiers' growth

Chennai: Vehicle finance growth is expected to increase to a CAGR of 15 per cent during FY18-20, compared to 12 per cent during preceding three fiscals, on the back of robust deman...

MG Motor India to invest Rs5,000 crore over 5-6 years

New Delhi: MG Motor India will be increasing its investments to about Rs 5,000 crore (US$ 768.79 million) for the next five to six years for launching new products every year in In...

Vehicle scrapping policy for commercial vehicles may come into effect from 2020

New Delhi: The ambitious vehicle scrapping policy, proposed by Government of India, is expected to be implemented for all commercial vehicles starting from 2020.

Govt plans to set up ombudsman to empower automobile owners and new buyers

New Delhi: The Government of India is developing an ombudsman which is a redress mechanism for automobile buyer's issues to benefit automobile owners and buyer's, under the...