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Business Television India Automobile News

  • Automobile

    Goa to get 50 electric buses

    Panaji: Fifty electric buses will be added to Goa's state transport corporation fleet, as part of the central government's initiative to promote eco-friendly public transportation. The 50 electric buses will operate on a public-private partnership basis and will be seen on Goa's roads by November, Chairman of the Kadamba Transport Corporation Carlos Almeida said on Wednesday. "We had requested for...

    • 3 weeks ago
  • Automobile

    Maruti Suzuki cuts 3,000 contract jobs

    New Delhi: Maruti Suzuki India Ltd Chairman R.C. Bhargava said on Tuesday the company had not renewed the contracts of 3,000 temporary employees, as the automaker battled rising inventory amid a slowdown in demand. Safety norms and higher taxes have “added substantially” to the cost of cars, affecting their affordability, Bhargava told shareholders at the company’s annual general meeting. With...

    • 3 weeks ago
  • Automobile

    Maruti Suzuki India Recalls 40,618 Of Budget Four-Wheeler WagonR

    Bengaluru: Maruti Suzuki India said on Friday it would recall 40,618 of budget four-wheeler WagonR manufactured between November 15, 2018 and August 12, 2019. Maruti said here the recall was voluntary and triggered by "a possible issue of fuel hose fouling with metal clamp". Owners of the suspected vehicles will be contacted by the company's dealers for inspection...

    • 4 weeks ago
  • Automobile

    SBI waives processing fee on car loans in festival season

    Mumbai: State Bank of India (SBI), the country's largest lender, on Tuesday announced processing fee waiver on car loans during the upcoming festival season in a bid to boost car sales. The bank is also offering the lowest interest rate starting 8.70 per cent on car loans, with no escalation in interest. "The SBI has waived processing fees on car loans during the festival...

    • 4 weeks ago
  • Automobile

    SBI Extends Credit Period For Auto Dealers By 15-30 Days

    New Delhi: Country's largest lender State Bank of India on Sunday said that it is extending the repayment period for stressed automobile dealers by 15-30 days to help them out of current inventory builds-ups due to the slowdown in the sector and in economy. "Normally, the repayment period is 60 days. So we extend it for 75 days for some dealers and to 90 days for a few others. We...

    • 4 weeks ago
  • Automobile

    Slowdown: Hyundai Motor India lists 'no production days'

    Chennai: India's second largest car maker, Hyundai Motor India Ltd (HMIL) has declared "no production days" this month for some of its production departments owing to tough market conditions for the automobile sector. The company, in a notification to its workers this month, said that due to prevailing market conditions, there will be no production days in its Engine Shop-1...

    • 4 weeks ago
  • Automobile

    Hero MotoCorp stops production for 4 days

    Mumbai: Hero MotoCorp, the country's largest two-wheeler manufacturer, on Friday said that their manufacturing facilities will be closed for four days (August 15 to 18) owing to "demand scenario". Hero MotoCorp indicated it is undergoing a stressful period as it said: "While this has been part of the annual holiday calendar on account of Independence Day, Raksha Bandhan and the...

    • a month ago
  • Automobile

    Auto sales plunge 19%; highest monthly de-growth in 19 years

    New Delhi: The domestic automobile industry on Tuesday sought revival measures from the government, even as data showed that overall sectoral off-take in July plunged 18.71 per cent, recording the highest monthly sales de-growth in the last 19 years. Industry observers cited high cost due to GST and lack of adequate liquidity as the main reasons for the sales slowdown. The data...

    • a month ago
  • Automobile

    Ola Acquires Bengaluru-Based AI Start-Up Pikup.ai

    Bengaluru: Ride-hailing service Ola on Tuesday announced the acquisition of 'pikup.ai', an artificial intelligence (AI) start-up based out of Bangalore, for an undisclosed sum. As part of the deal, the team at pikup.ai will join Ola. Co-founded by Inder Singh and Ritwik Saikia, pikup.ai uses autonomous technologies like AI, computer vision and sensor fusion to provides seamless...

    • a month ago
  • Automobile

    Bosch's Indian Unit Begins Restructuring As Auto Sector Slowdown Bites

    India-listed manufacturer Bosch Ltd said on Tuesday it had begun restructuring parts of its business in light of a deepening slowdown in the country's automotive industry, as the German car parts supplier posted a drop in June-quarter profit. Bosch, the latest firm to flag weak conditions in the Indian auto market, said its automotive sales dived 17.5% in the June...

    • a month ago

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