India’s auto sector can look forward to another rough year – that was the message from the top trade body, which forecast on Wednesday that auto sales would grow between 1 and 3 per cent in the fiscal year ending in March. Continue reading »
Hero MotoCorp and Bajaj Auto, the country’s biggest two-wheeler manufacturers, saw sales fall 12 and 14 per cent, respectively. Both companies’ shares were down on Thursday in a rising market. Continue reading »
Anyone who has driven through the smog-choked streets of New Delhi, or the bumper-to-bumper honking cacophony that passes for driving in much of Mumbai and Bangalore from anywhere between 9am to 9pm knows that India could use both cleaner and quieter cars.
On Wednesday, the government seemed to acknowledge that fact, approving a $4.1bn plan that aims to put 6m green vehicles on India’s streets by 2020. There’s just one problem: power. Continue reading »
Pot holes, erratic drivers – why would anyone spend the best part of $1m on a car in India? Mumbai bureau chief James Crabtree takes a test ride of an Aston Martin, the latest luxury car entrant to the Indian market, to find out.
Indian car sales seem to be picking up after a lackluster 2011, according to February sales data from the country’s biggest car makers.
But while some of the numbers are impressive – with individual company sales rising 80 per cent or more from a year earlier – analysts cautioned that a few more months were needed before the improvement could be called a comeback. Continue reading »
After a dismal 2011 which saw the Indian auto industry slump to a standstill for the fiscal year ending in March 2012 (after growth rates of nearly 30 per cent during the previous two years), the launch of the Delhi Auto Expo on Wednesday was a source of optimism. Whether it is misplaced is another matter.
Electric vehicles might have yet to catch on in India but that hasn’t stopped one Indian company from seeing the money-spinning potential of electric motorcycles and scooters.
Hero Eco – owned by the same parent company as India’s largest two-wheeler maker, Hero Motocorp – is hoping to boost its presence in the electric two-wheeler industry with the acquisition of Ultra Motors – a UK-based manufacturer. Continue reading »
Clean and green are not exactly terms normally associated with India or China, with their teeming cities and epic smog. But both countries are attempting to do something about pollution, with each launching ambitious plans to dominate the global alternative vehicle market.
The Indian push for hybrids and electric vehicles, which came in the government’s annual budget announcement earlier this year, aims to provide “clean and green public transportation for the masses”. But analysts doubt whether electric vehicles will catch on. Continue reading »
India’s love of the car is not necessarily unconditional. Shares of the country’s largest motorcycle manufacturer, Hero MotoCorp, opened up 4.31 per cent Wednesday after the company announced record results for the quarter ending in September.
The exceptional performance could be attributed to India’s high interest rates and petrol prices, which have caused potential car buyers to move to the less-expensive, more fuel-efficient two-wheeler alternative. Continue reading »
Indian carmakers today laughed in the face of data which showed that economic growth in Asia was slowing down. Car sales in June shot through the roof, boosted by high domestic demand and new model launches.
Tata Motors performed the best among India’s car majors, with sales up 63 per cent in June from the previous year. It sold close to 28,000 units on rising demand for the Nano while sales of the company’s Indigo range doubled, overtaking Hyundai Motors, as the second largest player in the domestic market. Continue reading »
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