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The maker of popular car models like Vitara Breeza and Ciaz had reported a profit of Rs 1,975.3 crore in the quarter ended June 2018.
Maruti net profit down 27 per cent in Q1
Michael Gonsalves
27 Jul 2019 6:23 AM

The company maintained margin above 10 per cent level despite subdued environment.

The new BMW X7 will compete with other large, luxurious SUVs like the Mercedes-Benz GLS and the Range Rover in the country.
BMW drives in X7 SUV for Rs 98.90 Lakh
Michael Gonsalves
26 Jul 2019 2:20 AM

Bookings have started while deliveries will begin in a few months time.

Srivastava said plus or minus 19 per cent rains is a normal range and nothing to worry about.
Good rains for next 2 weeks to speed up sowing, cover deficit
Michael Gonsalves
26 Jul 2019 2:14 AM

The southwest monsoon rains have increased over central India, Northern Plains and Western Himalayan region since Wednesday, it said.

At present, over 3.97 lakh EVs ply on the India roads.
Electric Vehicle charging stations to be set up in capital cities
Michael Gonsalves
18 Jul 2019 1:57 AM

Initially, 1,000 EV charging stations are earmarked for deployment through this expression of interest (EOI).

With this trend continuing for a couple of more weeks, inventory in PVs will for the first time since the downturn will come down to healthy levels of around four weeks across many markets. (Representational image)
2-wheeler, commercial vehicle inventory rising: FADA
Michael Gonsalves
17 Jul 2019 3:32 AM

The dealers had sold 2,35,539 units in June 2018.

"In a bid to push e-vehicles in the country, the FM has proposed to cut GST from the current 12 per cent to 5 per cent which would result in a benefit if Rs 1.40 lakh for the Kon Electric SUV," Puneet Anand, Senior General Manager & Group Head, Marketing at Hyundai India told Financial Chronicle.
Kona SUV to be cheaper on GST cut
Michael Gonsalves
16 Jul 2019 2:05 AM

Finance Minister Nirmala Sitharaman in her maiden Budget to promote e-mobility had proposed to slash the Goods and Services Tax.

But a senior IMD official said this model has not been giving accurate forecast and therefore, higher rainfall is also possible. —DC
Scanty rains likely for next two weeks
Michael Gonsalves
12 Jul 2019 4:15 AM

But a senior IMD official said this model has not been giving accurate forecast and therefore, higher rainfall is also possible.

Parag Satpute
Bridgestone raises capex at Indore plant
Michael Gonsalves
12 Jul 2019 1:28 AM

This factory produces a range of radial tyres for the passenger vehicle (PV) segment in Asia's third biggest car market.

Automakers are worried as the market showed no visible signs of recovery yet as PV sales fell 18.42 per cent year-on-year during the April-June quarter of FY20.
Passenger vehicle sales skid 18% in June: Society of Indian Automobile Manufacturers
Michael Gonsalves
11 Jul 2019 12:57 AM

Last month, PV sales fell 17.54 per cent to 2,25,732 units, down from 2,73,748 units the automobile sold in the year-ago period.

The SUV is equipped with a 39.2kWh lithium-ion battery to provide an ARAI-rated laboratory range of 452 km per charge.
Hyundai launches India’s first all-electric SUV
Michael Gonsalves
10 Jul 2019 2:19 AM

The Kona is powered by a 136hp electric motor and gets a 39.2kWh lithium-ion battery with a claimed 452 km range per full charge.

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