The move could make Jaguar Land Rover a competitor with hourly car rental services like Avis's Zipcar or ride-hailing companies Uber and Lyft. » Read More
India's annual car sales fell for the first time in a decade in the just-ended financial year, calling into question bullish growth expectations that fuelled billion-dollar bets from global manufacturers.
Stock-pickers betting on an Indian economic rebound may be disappointed by upcoming earnings reports from domestically focused companies, as consumer demand and infrastructure output remain weak and high inflation persists.
Jaguar Land Rover, a subsidiary of India's Tata Motors, announced Tuesday it will manufacture Jaguar brand cars in India. The Global Post reports.
The battle for emerging market growth is turning into a cutthroat competition between established multinational companies and a new generation of rivals.
India's salt-to-software conglomerate Tata Group plans to invest more than 450 billion rupees ($8.2 billion) over the next two years, its newly appointed Chairman Cyrus Mistry wrote in an internal mail on Wednesday.
Narendra Modi won a fourth successive term as the chief minister of India's Gujarat state on Thursday, a victory that could launch the prime ministerial ambitions of one of the country's most controversial leaders.
Car sales in India slumped 8 percent in November, dashing hopes of a sustained revival in demand, as an expected festive season boom failed to materialise in a key growth market for global carmakers.
*Ford to close Southampton plant, Dagenham stamping plant. LONDON/ BASILDON, England, Oct 25- Ford will stop making vans in Britain next year, with the potential loss of 2,000 jobs, a union leader said, as part of a plan by the U.S. car maker to drag its European operations back into profit.
*Ford to close Southampton plant, Dagenham stamping plant. LONDON/ BASILDON, England, Oct 25- Ford will stop making vans in Britain next year, with the potential loss of 2,000 jobs, as part of a plan by the U.S. car maker to drag its European operations back into profit.
LONDON, Oct 25- Ford will announce on Thursday that it is closing its van factory at Southampton, ending more than a century of vehicle production by the company in Britain, trade unionists and a source close to the U.S. car maker said.
*Auto makers, including Maruti Suzuki and Mahindra& Mahindra. KEY EVENTS Mon: Sept. inflation data Mon: Reliance Industries, Axis Bank earnings. Mon: Australian Prime Minister Julia Gillard visits India Tues: Maruti Suzuki.
BEIJING Oct 12- General Motors Co on Friday said that its minicar joint-venture producer in China appointed Ray Bierzynski as its executive vice president, to fill the position vacated by a manager who left the joint venture to work for Tata Motors.
NEW DELHI, Oct 10- India's car sales are seen growing just 1 percent to 3 percent in the current financial year, an industry body said, slashing its previous estimates as high interest rates and slowing economic growth continue to stifle a once-booming industry.
NEW DELHI, Oct 10- India's car sales are seen growing just 1-3 percent in the financial year that ends in March 2013, an industry body said, as it slashed its previous estimate of 9-11 percent on high interest rates and slowing economic growth.
NEW DELHI, Oct 10- Car sales in India fell in September for the second consecutive month, an industry body said on Wednesday, as high interest rates, rising fuel costs and slowing economic growth continued to drag down demand.
Oct 1- Tata Motors Ltd's vehicle sales in September: Sept 2012 Sept 2011 Pct change Total sales 75,773-- -4 Domestic sales 70,332 72,566 -3 Passenger vehicles 21,652 26,319 -18 Nano 5,491 2,936 87 Exports 5,441 6,217 -12. NOTE: Tata Motors makes both commercial vehicles and passenger cars, including the ultra-cheap Nano.
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This week, India opened its doors to foreign retailers in a move that is expected to open the floodgates to western brands entering the skyrocketing Indian market.
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Three years after launching the Nano as “the world’s cheapest car”, Ratan Tata, chairman of India’s second largest industrial group, presented what may be the world’s most-expensive automobile: the jewel encrusted GoldPlus Nano. The FT reports.