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  • Automobile

    Thyssenkrupp JV breakup marginally 'credit negative' for Tata Steel: S&P

    <p><strong>Kolkata:</strong>The collapse of Tata Steel's proposed joint venture with German conglomerate Thyssenkrupp is "marginally credit negative" for the Indian steel major, a global rating agency has said.</p> <p>The steel major's Indian operation will largely be able to offset the impact of the collapse, it said.</p>...

    • 7 days ago
  • Automobile

    JV breakup with Thyssenkrupp marginally credit negative for Tata Steel: S&P

    Kolkata: The collapse of Tata Steel's proposed joint venture with German conglomerate Thyssenkrupp is "marginally credit negative" for the Indian steel major, a global rating agency has said. The steel major's Indian operation will largely be able to offset the impact of the collapse, it said. "Tata Steel Ltd and Thyssenkrupp AG's decision to cease efforts...

    • 7 days ago
  • Automobile

    Hero MotoCorp lines up Rs 1,500 crore capex for current fiscal

    New Delhi: Two-wheeler major Hero MotoCorp has more than doubled its capex for the current fiscal to Rs 1,500 crore, mainly to upgrade its portfolio to conform to BS-VI emission norms and for its upcoming plant in Andhra Pradesh, a senior company official said Monday. The capital would also be utilised for the development of new products. "We have earmarked a capex of Rs 1,500...

    • 7 days ago
  • Automobile

    Passenger vehicle sales dip 17% in Apr, log steepest decline in nearly 8 yrs

    <p><strong>New Delhi:</strong>Passenger vehicle sales in India dropped by 17.07 per cent in April, the steepest fall since October 2011, as weak customer sentiment led by liquidity crunch, uncertainty revolving elections and high product prices hit sales.</p> <p>The domestic sales declined for a sixth straight month in April to 2,47,541...

    • 7 days ago
  • Automobile

    Tata Motors global wholesale down 22% in April

    New Delhi: Tata Motors on Monday reported 22 per cent decline in group global wholesales, including that of Jaguar Land Rover (JLR), at 79,923 units in April 2019. Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range in April 2019 were at 31,726 units, lower 20 per cent year-on-year, the company said in a regulatory filing. The company further said its global wholesales of...

    • a week ago
  • Automobile

    China auto sales fall 14.6% on year in April, 10th month of decline

    <p><strong>Beijing:</strong> Vehicles sales in China, the world's largest auto market, fell 14.6% in April from the same month a year earlier, the country's biggest auto industry association said on Monday, marking the 10th consecutive month of decline.</p> <p>Sales fell to 1.98 million vehicles, said the China Association of Automobile...

    • a week ago
  • Automobile

    Passenger vehicle sales dip 17% in April

    <p><strong>New Delhi:</strong> Domestic passenger vehicle (PV) sales declined 17.07 per cent to 2,47,541 units in April from 2,98,504 units in the year-ago month.</p> <p>Domestic car sales declined 19.93 per cent to 1,60,279 units compared to 2,00,183 in April 2018, according to data released by the Society of Indian Automobile Manufacturers (SIAM).</p>...

    • a week ago
  • Automobile

    Honda to continue selling diesel models in India

    <p><strong>New Delhi:</strong>Japanese auto major Honda will continue to offer diesel models in India even after BS-VI emission norms kick in, unlike Maruti Suzuki which has decided to stop selling diesel cars from April 1, 2020.</p> <p>According to a senior official of Honda Cars India Ltd (HCIL), the company plans to upgrade its two diesel engines, which power...

    • a week ago
  • Automobile

    Jaguar Land Rover April sales down 13.3% at 39,185 units

    New Delhi: Tata Motors-owned Jaguar Land Rover Friday reported 13.3 per cent decline in total retail sales at 39,185 units in April. Sales of Land Rover during the month stood at 27,723 units, down 13.1 per cent year-on-year, the company said in a statement. Jaguar sales were at 11,462 units, down 13.7 per cent, it added. Retail sales were up again in the UK (12.1 per cent) and in North...

    • 2 weeks ago
  • Automobile

    Online auto spare parts marketplace boodmo.com raises Rs 8 cr

    New Delhi: Gurugram-based auto spare parts online marketplace boodmo.com Thursday said it has raised Rs 8 crore in fresh capital. The company did not disclose the identity of the investor but said the freshly infused funds take its total funding to Rs 35 crore. boodmo.com Managing Director & Co-Founder Oleksandr Danylenko said with the Indian auto components industry poised to...

    • 2 weeks ago

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