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

Nissan India launches CVT version of its Datsun GO and GO+

Nissan India launched the CVT version of its Datsun GO and GO+ at a price of Rs 5.94 lakh and Rs 6.58 lakh, respectively. According to a press release, Datsun GO and GO+ are the first models in their respective segments introduced with CVT (continuously variable transmission) – Nissan’s transmission technology. Continue Reading

Mahindra rides growth in S Africa as passenger vehicles market picks up

Figures released by the National Association of Automobile Manufacturers of South Africa (NAAMSA) show that Mahindra South Africa is one of the country’s fastest-growing passenger vehicle and pickup brands. Data from NAAMSA, which recently consolidated the sales for the first three quarters of 2019, show that Mahindra is on track to reach a new overall sales record that will easily exceed its target of 5,664 units for full year. Continue Reading

Zero Nano cars developed by Tata since 2019

Tata Motors has not produced a single unit of its entry-level car Nano in the first nine months of 2019 but sold just one unit in February in the domestic market although it is yet to officially announce that the model has been discontinued. Continue Reading

India Economic Summit to be held 3-4 October

The two-day meeting will convene leaders from government, the private sector, academia and civil society with the aim of accelerating the adoption throughout South Asia of Fourth Industrial Revolution technologies and making the most of the region’s distinctive demographic dividends Continue Reading

Manufacturing sector remains weak

The IHS Markit India Manufacturing PMI was at 51.4 in September, unchanged from August and thereby posting its joint-lowest reading since May 2018. This is the 26th consecutive month that the manufacturing PMI has remained above the 50-point mark. Continue Reading

Bajaj Auto sales down by 20% in September

Bajaj Auto on 1 October reported a 20 per cent fall in total sales at 4,02,035 units in September. The company had sold 5,02,009 units in the same month a year ago. Domestic sales in September this year stood at 2,15,501 units as against 3,11,503 units, down 31 per cent, Bajaj Auto said in a regulatory filing. Continue Reading

Maruti reports 24% dip in sales at 1,22,640 units

Domestic sales declined by 26.7 per cent at 1,12,500 units last month as against 1,53,550 units in September 2018, it added. Sales of mini cars comprising Alto and WagonR stood at 20,085 units as compared to 34,971 units in the same month last year, down 42.6 per cent. Continue Reading