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2020 Mercedes-AMG GLC 43 Coupe launched in India starting at Rs 76.7 lakh, bookings now open
auto

2020 Mercedes-AMG GLC 43 Coupe launched in India starting at Rs 76.7 lakh, bookings now open

The car offers Slippery, Comfort, Sport, Sport+ and Individual driving modes, and a simplified AMG Dynamics ESP system with basic and advanced modes.

Stock markets end day's session in green: Sensex up over 500 points, Nifty nears 9,500; Zee, Eicher Motors top gainers
Business

Stock markets end day's session in green: Sensex up over 500 points, Nifty nears 9,500; Zee, Eicher Motors top gainers

Sensex hit a high of 32,267.23 points during the day ahead of the expiry of May derivatives contracts. It finally ended 595.37 points or 1.88 percent higher at 32,200.59.

Sensex drops 260 points, Nifty settles below 9,050-mark at close of trading session; banking, financial stocks drag
Business

Sensex drops 260 points, Nifty settles below 9,050-mark at close of trading session; banking, financial stocks drag

Sensex tumbled 260 points on Friday, dragged by losses in banking and financial stocks as RBI's rate cut and other measures to prop up the economy failed to meet market expectations.

Coronavirus Lockdown: Mahindra & Mahindra offers new finance schemes, special benefits for doctors, cops, women
Business

Coronavirus Lockdown: Mahindra & Mahindra offers new finance schemes, special benefits for doctors, cops, women

Auto major Mahindra & Mahindra on Tuesday rolled out a range of new finance schemes, including special offers for the Corona Warriors and women buyers, such as 8-year loan term, 90-days moratorium on payment and 100 percent on-road financing, to help customers purchase its vehicle with ease amid the lockdown

Markets end on flat note: Sensex erases early gains after a choppy session, Nifty slips; M&M top loser
Business

Markets end on flat note: Sensex erases early gains after a choppy session, Nifty slips; M&M top loser

Sensex ended marginally lower after a choppy session on Friday as investors weighed the fiscal impact of the government''s economic stimulus.

Stimulus package to revive economic activities, boost Make in India, says steelmakers
Business

Stimulus package to revive economic activities, boost Make in India, says steelmakers

Indian steelmakers on Wednesday said the Rs 20 lakh crore stimulus package announced by Prime Minister Narendra Modi would give a quantum jump to economic activities in the country and boost the ambitious Make in India programme

Toyota Motor Corp sees 80% profit drop as coronavirus pandemic wipes $14 billion off car sales
Business

Toyota Motor Corp sees 80% profit drop as coronavirus pandemic wipes $14 billion off car sales

Toyota Motor Corp said on Tuesday it expects profit to drop by 80 percent to its lowest in nine years, as Japan’s biggest automaker grapples with the impact of the novel coronavirus which has sapped global demand for vehicles

Markets close on positive note: Sensex 199 points up, propelled by strong gains in RIL; rupee closes higher
Business

Markets close on positive note: Sensex 199 points up, propelled by strong gains in RIL; rupee closes higher

Reliance Industries was the biggest contributor to the gains on the index, jumping over 3 percent after the company announced that US-based PE firm Vista Equity Partners will buy 2.32 percent stake in Jio Platforms for Rs 11,367 crore.

Govt seeks suggestions from auto industry leaders for resource mop-up; sector demands financial package
Business

Govt seeks suggestions from auto industry leaders for resource mop-up; sector demands financial package

The government of Thursday sought suggestions on methods of resource mobilisation from captains of the automobile industry, who raised several demands for a financial package to overcome the impact of the COVID-19-induced lockdown

Bharti AXA General ties up with PolicyBazaar for 'pay as you drive' motor insurance policy
Business

Bharti AXA General ties up with PolicyBazaar for 'pay as you drive' motor insurance policy

The usage-based motor insurance, popularly known as ‘Pay As You Drive’, allows customers to pay the premium depending on how many kilometres the car has travelled

India plans to fast track Chinese investments over fears of policy change hitting plans of companies, investors: Report
Business

India plans to fast track Chinese investments over fears of policy change hitting plans of companies, investors: Report

While the fast track mechanism would be open to all India’s neighbours with a land border, China would be the main beneficiary.

Volkswagen offers cars for relief efforts in US Coronavirus-hit regions
News & Analysis

Volkswagen offers cars for relief efforts in US Coronavirus-hit regions

The loaner cars can be called upon for delivering food to a local food bank, transporting masks and gowns.

Coronavirus Outbreak: Automobile dealers' body FADA writes to PM, seeks immediate financial support
Business

Coronavirus Outbreak: Automobile dealers' body FADA writes to PM, seeks immediate financial support

The Federation of Automobile Dealers Associations (FADA) has written to Prime Minister Narendra Modi seeking immediate financial support from the government for the ailing sector amid the nationwide lockdown due to coronavirus pandemic

Coronavirus Outbreak: Maruti Suzuki cuts production by 32% in March to 92,540 units
Business

Coronavirus Outbreak: Maruti Suzuki cuts production by 32% in March to 92,540 units

The country's largest carmaker Maruti Suzuki India has decreased production by 32.05 percent in March, according to a regulatory filing by the company

Coronavirus Outbreak: Impact on auto sector to be clear once lockdown is lifted, says Nissan Motor India
Business

Coronavirus Outbreak: Impact on auto sector to be clear once lockdown is lifted, says Nissan Motor India

The impact of the COVID-19 pandemic on India's automobile industry will be clear once the ongoing lockdown is lifted and there is clarity on the time taken by the supply chain to resume optimal production, according to a top Nissan Motor India official

Coronavirus Outbreak: Supply chain shock will have negative impact on Indian auto component sector: ICRA
Business

Coronavirus Outbreak: Supply chain shock will have negative impact on Indian auto component sector: ICRA

Rating agency ICRA on Friday said the supply chain shock due to the coronavirus pandemic will have a negative impact for Indian auto component industry

Maruti Suzuki reports 47% decline in vehicle sales in March to 83,792 units; exports log 55% plunge
Business

Maruti Suzuki reports 47% decline in vehicle sales in March to 83,792 units; exports log 55% plunge

The country's largest carmaker Maruti Suzuki India (MSI) on Wednesday reported a 47 percent decline in sales at 83,792 units in March

Tata Motors to carve out passenger vehicle business as separate standalone unit
Business

Tata Motors to carve out passenger vehicle business as separate standalone unit

Tata Motors on Friday said its board has approved to carve out its passenger vehicle business, including electric vehicle vertical, into a separate standalone entity

Automobile dealers' body approaches SC seeking extension of sale, registration of BS-IV vehicles till May-end
Business

Automobile dealers' body approaches SC seeking extension of sale, registration of BS-IV vehicles till May-end

Automobile dealers' body FADA on Tuesday said it has filed an application with the Supreme Court seeking an extension of sale and registration of BS-IV vehicles till 31 May, 2020 -- an extension of two months from March-end deadline to clear the stock of such models

Auto dealers fear they will not be able to liquidate BS-IV stock before 31 March deadline: FADA
Business

Auto dealers fear they will not be able to liquidate BS-IV stock before 31 March deadline: FADA

With several state governments issuing circulars to end registration process for BS-IV vehicles much before 31 March, 2020, and the fear of coronavirus keeping buyers away from showrooms, automobile dealers fear that they would not be able to liquidate the BS-IV inventory before the month-end deadline