Kolkata: Honda Cars India Limited (HCIL) is expecting to complete the current financial year ending this month with a "negative growth" over last year, but is hopeful to achieve a positive growth in sales in 2017-18, a company official said on Friday. "In the last financial year (2015-16), we sold 1.92 lakh units with a growth of about two per cent over the year earlier. This year, we will have a negative growth," the car maker's Senior Vice President (Marketing & Sales) Jnaneswar Sen said here. The company exports about 5,000 cars a year, he said.
New Delhi: With the internet of things (IoT), artificial intelligence (AR) and machine learning set to define the way Indian enterprises work, "connected" vehicles -- which are to embrace all of these new-age technologies -- is the new buzz in town. Tata Motors showcased "Tamo Racemo", India's first connected sports car, at the Geneva International Motor Show on March 10.
Chennai: Luxury carmaker Mercedes-Benz India is upbeat aboout its newly launched E-Class long wheel base model as the number of bookings has touched 500 within a week of the launch of the new vehicle, said a senior official. Speaking to reporters here after launching the long wheel base right-hand drive E-Class, Michael Jopp, Vice-President, Sales and Marketing, said: "The number of bookings for the new model has touched 500 units and 30 per cent of these is from five southern states."
New Delhi: Amid controversies over drivers' earnings and incentives offered to them, Uber on Friday said currently 80 percent of its drivers across India who are online for more than six hours a day make between Rs 1,500 to Rs 2,500 net, after its service fee.
Bengaluru: SmartShift, the digital mobility start-up of the Mahindra Group, on Wednesday announced the launch of its operations in Bengaluru. SmartShift acts as a platform for cargo owners and transporters to work with each other, ensuring a mutually beneficial relationship.
New Delhi: JioMoney, a prepaid payment instruments (PPI) wallet offered by Reliance Payment Solutions Ltd, and Uber on Monday announced an agreement that will enable people to pay for their Uber rides using JioMoney. Uber will gradually roll out the JioMoney payment option for its users across the country, starting February 20.
New Delhi: Bengaluru-based Intech DMLS, a metal printing firm, is in the process of developing a series of micro and small jet engines to power unmanned aerial vehicles and remote controlled small aircraft. The company will display India's first engine developed in the private sector at the ongoing Aero India in the Karnataka capital. "We have developed four engines with thrusts of 20 kg-force (kgf), 40 kgf and 100 kgf and a small engine with thrust of 350 kgf," Sridhar Balaram, Managing Director, Intech DMLS, told IANS on Tuesday.
Kolkata: Trade union leaders at the ailing Hindustan Motors (HM) on Saturday expressed disappointment over the management's decision to sell the iconic Ambassador brand to French auto major Peugeot SA. They said the "intuition of the management" is to sell off everything and "deprive workers". The C.K. Birla controlled Hindustan Motors executed an agreement with Peugeot SA on Friday to sell the Ambassador brand, including trademarks, to the French auto maker for Rs 80 crore.
Chennai: French automotive group PSA partnering with India's CK Birla group will invest around 100 million euros (Rs 700 crore) setting up a 100,000 units per annum car plant near here. This is a major automotive sectoral investment that Tamil Nadu has got after Chief Minister O. Panneerselvam took charge. The manufacturing capacity for powertrains would cater to the domestic market needs and global vehicle makers.
New Delhi: Mahindra & Mahindra Ltd. (M&M) on Friday felicitated India’s Paralympics gold medalists Devendra Jhajharia and Mariyappan Thangavelu, and bronze medallist Varun Singh Bhati. Each of the medal winners received a cheque for Rs10 lakh, while gold medalists Devendra Jhajharia and Mariyappan Thangavelu were presented with Mahindra’s 4X4 off-roader, the Mahindra Thar. All 3 medal winners were honoured for their respective performances at the recently concluded Rio Paralympics 2016.
Chennai: The board of Mahindra and Mahindra Ltd (M&M) on Saturday decided to take over the two-wheeler business of Mahindra Two Wheelers Ltd - a step-down subsidiary. In a regulatory filing with BSE, M&M said its board of directors at a meeting approved a scheme of arrangement between the company and Mahindra Two Wheelers, under which the two-wheeler business will be vested with M&M as a going concern subject to necessary approvals.
Bengaluru: US multinational General Electric (GE) on Wednesday said it will hire about 1,000 techies to ramp up technology workforce at its new digital hub here. "We will add 1,000 information technology and software professionals over the next two years to ramp up the headcount to 2,500 from 1,500 at present and accelerate the digital transformation for industry," GE's digital arm said in a statement here.
New Delhi: Tata Motors and Kingfisher Airlines owe over Rs 1,000 crore in taxes to the government, Parliament was informed on Friday. "Four companies - Tata Motors, Kingfisher Airlines, Karnataka Industrial Area Development Board, Karnataka Housing Board - have over Rs 1,000 crore pending indirect taxes," Minister of State for Finance Santosh Kumar Gangwar said in a written reply here. Tata Motors has a total of Rs 1,145.85 crore indirect taxes pending in 96 cases while the defunct Kingfisher Airlines owes Rs Rs 1,012.96 crore, Gangwar said.
Bengaluru: Cab aggregator Ola on Tuesday launched "Ola Play", a connected car platform for ride-sharing that brings advanced car controls, choice of personalised content and an interactive experience for the user. "Ola Play" will be made available on "Ola Prime" in Bengaluru, Mumbai and Delhi for select customers and will be rolled out across other cities and to over 50,000 vehicles by March 2017, the company said in a statement.
Bengaluru: India Yamaha Motor Pvt. Ltd. inaugurated two new dealerships in Bengaluru under the banner of Whitefield Yamaha at Whitefield Main Road and Torcente Motors at Madhavara Mudaliar Road, Fazer Town. With the inauguration of new dealerships, the number of dealerships in Karnataka stands at 38, with 18 of them located in Bengaluru. It is noteworthy here that Yamaha sold more than 1 lakh vehicles (including exports) in two consecutive months - September and October this year.