There's no shortage of luxury vehicle choices, but increasingly the wealthy are opting for high-end SUVs instead of traditional models.» Read More
*Company to invest in producing Jeep in India. *India to be No. 3 car market by 2020- IHS Automotive. NEW DELHI, July 1- Fiat Chrysler will invest $280 million to begin Jeep production in India from 2017 through an expanded joint venture with Tata Motors, the carmaker said on Wednesday.
PARIS, July 1- Fiat Chrysler will invest $280 million to begin Jeep production in India through an expanded joint venture with Tata Motors, the carmaker said on Wednesday. Fiat Chrysler Chief Executive Sergio Marchionne is pursuing ambitious sales growth goals for Jeep and other group brands under a turnaround plan outlined last year. Jeep sales topped 1...
MUMBAI/ NEW DELHI, May 26- Tata Motors Ltd, India's biggest automaker by revenue, reported a surprise 56 percent drop in quarterly net profit on Tuesday, hit by cooling demand for its sleek Jaguar saloons and sporty Range Rovers in the key Chinese market. The company said it expected mixed economic conditions in China, the world's largest auto market, and other...
"Automakers have to be aware that India works at different levels and segments, and they have to keep up," R.C. Bhargava, chairman of Maruti Suzuki said by telephone. With that awareness comes investment in new, or upgraded production lines to produce the compact vehicles that will account for one in every four vehicles sold in India in 2019, up from a 17 percent share...
BEIJING, April 17- Chinese automaker Geely is set to start producing a small crossover utility vehicle late next year- the first car to be built using a common platform jointly developed with Volvo. Geely's cooperation with Volvo, a storied brand best known for its focus on safety, is seen as a possible model for Chinese companies trying to digest and manage...
Looks and exterior design are still the top reasons why people avoid buying a certain model, J.D. Power said. The annual J.D. Power study is one of several that taken together show that certain brands-- Lexus, Toyota and of late, General Motors' Buick and Chevrolet brands-- are getting consistently high marks, while others consistently struggle to get above average...
Peter Harbison, Executive Chairman at CAPA - Center for Aviation, says Vistara's challenge will be getting cost-conscious Indians to pay more. The airline's restriction to domestic routes for now won't be helpful.
Some of Tuesday's midday movers:
Mohit Arora, Executive Director at J.D. Power and Associates, explains why Tata Motors is struggling in its domestic market and outlines a possible growth strategy for the Indian company.
Thousands of tiny shops in India's biggest auto components market do brisk business selling car parts for about a third of the official price.
The "Fast Money" traders share their final trades of the day.
Take a look at some of Wednesday's midday movers:
Jaguar Land Rover said no deaths or injuries have been reported related to the problem.
Most Asian bourses followed Wall Street higher on Tuesday, except Chinese and Indian shares which failed to track Asia-wide gains.
Shares of Tata Motors jumped 7.7 percent after strong sales of its luxury Jaguar and Land Rover vehicles helped triple the company's 1Q net profit.
Pramod Gubbi, VP of Institutional Equities at Ambit Capital, says strong sales growth in luxury brands like the Jaguar & Land Rover made up for the fall in Tata Motors' domestic franchises.
Take a look at some of Monday's midday movers:
Vivek Vaidya, Vice President, Automotive at Frost & Sullivan, says an increase in sales in China, along with a revival in India's economy, will boost Tata Motors' first quarter performance.
Some of Thursday's midday movers:
It's time for the Lightning Round. Cramer makes the call on viewer favorites.