The premium sedan from Honda was discontinued in 2013 due to declining sales, lack of a diesel engine.
Volkswagen vows to comply with NGT order to deposit Rs 100 cr; reiterates firm's vehicles adhere to emission norms
Volkswagen's response came after the NGT slammed it for not depositing Rs 100 crore in accordance with its November 16, 2018 order and directed the company to submit the amount within 24 hours.
The new BMW X3, whose first model was launched way back in 2010, promises to be lighter better equipped and even more appealing than the current model.
The new 2.0-litre engine boasts of gains in efficiency and power, thanks to a number of new developments
Imminent launch of the Maruti Suzuki Baleno might just upset the apple cart
The company said it was writing to customers and asking them to contact their local Ford dealer.
The company has shut the third shift at its diesel engine plant at Manesar, which has an annual capacity of 3,00,000 units, according to sources.
Discouraging diesel consumption by imposing additional taxes on private and luxury diesel vehicles would only minimally cut down petroleum subsidies
Diesel car sales are expected to rise by 150,000 in 2012/13 while sale of petrol cars fall by 50,000, said the company.
Maruti Suzuki, the country's largest car maker, could be one of the worst affected as it derives about 30 percent of its revenues from diesel vehicles.
Increasing diesel price by 75 paise will help the government recover at least Rs 6,000-7,000 crore.
Although demand for diesel cars has been rising in India due to the increasing price differential between petrol and diesel, HMIL's domestic sales fell by 4.95 percent to 33,001 units in October from 34,720 units in the same month last<br /><br /> year.
Crisil Research now expects growth in passenger vehicles to decelerate sharply to 2-4 percent with domestic cars growing at a mere 0-3 percent vis-a-vis their earlier forecast of a growth of 8-10 percent.