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Mahindra joins small car race with Verito Vibe

 Mahindra and Mahindra, India’s largest sports utility vehicle maker, has made its first push into the country’s small car market a week after warning that fierce competition could erode its dominant...

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Car sales down 12.3 percent in May

 Car sales in India fell an annual 12.3 percent in May, an industry body said on Tuesday, dropping for the seventh straight month, as weak consumer sentiment in a slowing economy continued to weigh on...

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Mahindra profit rises 29% on tractor demand

Mahindra & Mahindra Ltd, India’s biggest utility vehicle manufacturer, expects strong demand for its tractors to offset falling sales of its sport utility vehicles as it posted a forecast-beating...

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Tata, M&M car sales slump; falling rupee to hurt industry

Domestic sales for two big Indian automakers tumbled in August on rising fuel costs and interest rates, and the industry looks set for more pain as a sharply weaker rupee hits profit margins during...

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Second year of falling car sales on tap for India

Car sales in India have fallen 4.7 percent in the first six months of the fiscal year, the sharpest decline in half-year sales since 2002-2003, according to figures released by the Society of Indian...

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Uber is now more valuable than at least 72% of the Fortune 500

  Sorry, Halliburton. Uber, the popular on-demand transportation company, is now worth $40 billion thanks to a new funding round totaling $1.2 billion. Setting aside the fact that private,...

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Mahindra slashes electric car e2o price by Rs 92,000

NEW DELHI: Homegrown auto major Mahindra & Mahindra has slashed the price of its electric small car ‘e2o’ by Rs 92,000 following the launch of a central government scheme offering incentives on...

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A steadying hand

The budget confirmed the fiscal deficit target of 3.9 per cent for the current financial year, and 3.5 per cent for 2016-17. The current account deficit (CAD) remained well-contained at 1.5 per cent...

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Road Orders in Slow Lane as They Fall to Tenth of India’s Target

Prime Minister Narendra Modi’s government has miles to go to achieve its annual road-building goal. The National Highway Authority of India aims to agree contracts for 10,000 kilometers in the year to...

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Will the shift in strategy help Bajaj Auto recoup its former glory?

Bajaj has been a noticeable laggard and seen a 2.3% CAGR degrowth in its sales volume, while HMCL reported a pedestrian 4.5% CAGR. In comparison, TVS and Eicher have delivered double-digit volume...

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