India auto production to shrink 8.3% in 2020 due to coronavirus, warns Fitch

Fitch Solutions today said it expects vehicle production in India to contract by 8.3 per cent in 2020 as the auto industry faces increasing risk of supply shortage due to China’s coronavirus outbreak, possibly hitting domestic output if the virus spreads in the country. Continue Reading

Hyundai eyes big in premium SUV segment with launch of new Tuscon

While unveiling the model at the Auto Expo, Hyundai Motor India Managing Director and CEO SS Kim said the new Tuscon comes with enhanced technology, design and performance. Continue Reading

No plan to hike Kona EV prices: Hyundai

Hyundai Motor India is not planning to hike prices of electric model Kona, despite expectations of a rise in the cost of the vehicle with the government proposing to increase customs duty on imported EVs, a top company official said. Continue Reading

Maruti aims to sell 1 million environment-friendly cars

The country’s largest car maker Maruti Suzuki India (MSI) said it aims to manufacture and sell another million ‘green vehicles’ in the next couple of years as it accelerates its eco-friendly mobility drive. Continue Reading

Confederation of All India Traders seeks PM’s intervention

The Confederation of All India Traders (CAIT) said it has sought Prime Minister Narendra Modi’s intervention in the issue of alleged unethical practice of online retailers, including Amazon and Flipkart. Continue Reading

Luxury car seller Big Boy Toyz to expand

Big Boy Toyz, which sells pre-owned luxury and super luxury cars including Rolls Royce, Ferrari and BMW, is entering new segments and plans to expand sales network as it looks to tide over the impact of slowdown in auto sales, a top company official said. Continue Reading

Nobel laureate Banerjee speaks on economic crisis in India

Nobel laureate Abhijit Banerjee said the government’s stringent commitment to low inflation has resulted in farm distress by adversely impacting support price for agricultural produce. Striking a note of caution, he said Prime Minister Narendra Modi has more faith incorporates than him. Continue Reading