Demand for cars and two-wheelers seem to have hit the bottom of the barrel with sales sputtering by 20-40% in November. In cars, Maruti, which commands more than half the total market, saw local sales drop by nearly 27% to 47,704 units, compared to 65,216 unit sales in November last year.
It’s exports, though, were up […]
November was a horrendous month for car and two-wheeler manufacturers.
As sales figures began trickling in on Monday, the 14 stocks on the BSE crashed. The auto index fell by 108 points and ended up as the second worst performer of the day after realty stocks.
What was particularly alarming was the sharp fall in numbers by […]
Japanese two-wheeler major Suzuki on Wednesday launched its two hyper sports bikes , Hayabusa and Intruder M1800R, in India, both priced at Rs 12.5 lakh (ex-showroom Delhi).
Hayabusa would be powered with a 1,340 cc engine, while Intruder would be available with a 1,783 cc V-twin engine. More
Courtesy: economictimes.indiatimes.com
Electric bikes, the environment friendly alternatives to petrol guzzling automobiles, seem to be creating a market of their own, rather
than poaching on existing two wheeler users, thereby expanding the overall market for motorised wheels. According to leading two wheeler manufacturer , TVS motors, which introduced an 800 w model of e-scooter costing Rs 31,000 in […]
A Chinese firm is ready to set up an automobile joint venture in West Bengal. The Chinese company, First Automobile Works Ltd, is likely to invest in West Bengal along with an Indo-Russian JV, Ural India Ltd. Ural India is a joint venture between Uralaz of Russia and Kolkata based Mitijug group. The JV plans […]
Mitsubishi Motors Corp will cut production at its factories in Japan by up to 100,000 units in five months from November due to slow sales
, Kyodo news reported on Saturday.
The automaker will cut the production of cars, such as sports utility vehicles, and is expected to revise down its planned global sales from the current […]
Even for an industry insider, there’s a limit to how many bike shows one can attend in a year. Dropping in on a major international car show as well hasn’t exactly been a high priority. However, the Paris “Mondial de l’Automobile ” was running around the same time as the K�Intermot, so the opportunity to […]
Motor Trend magazine has picked the 2009 Subaru Forester as its sport utility vehicle of the year, citing its fuel efficiency, comfort on the road and competency off the pavement.
The award, announced Thursday, came from a field of 13 finalists mostly made up of car-based crossover vehicles, with few traditional body-on-frame truck-based SUVS as in […]
Power storage manufacturer Luminous Power Technologies, part of SAR Group, will be launching its electric scooter ‘Lectrix’ next month and aims to sell about 23,000 units by next year.
Luminous Power Technologies Founder and CEO Rakesh Malhotra said the company has already completed test runs of its e-scooter, the research for which took about two years. […]
Policy planners may be burning mid night oil to tame inflation and overcome surging oil prices, but Hero Honda seeks to capitalise on this by pushing cost effective and fuel efficient vehicles in the market.
“While it is true that double-digit inflation of 11-12 per cent would certainly upset household budgets and postpone certain purchases, the […]