The company is also targeting yet another year of double digit growth in the next financial year, similar to what it expects in the ongoing fiscal.
Elaborating on the vehicle exports from India, the company is focused on ensuring that it produces high-quality vehicles for export markets.
The Centre may dole out incentives to promote electric vehicles in the country by considering lower GST and extending tax benefit for buyers in this week's Budget for 2018-19, say sources. The announcement is expected in view of the government's aim to have 100 per cent electric vehicles for public mobility and 40 per cent for personal mobility by 2030.
Maruti Suzuki India (MSI) expects easing of waiting period pressure on its popular models as it is slated to receive 2.5 lakh units in 2018-19 from parent Suzuki's Gujarat plant, a senior company official said. In the ongoing fiscal ending March 31, the company will get 1.5 lakh units from the Gujarat plant, from where the popular premium hatchback Baleno is being rolled out.
Two major bike makers are expected to soon come up with electric and flex engine motorcycles in the Indian markets, according to Union minister Nitin Gadkari. A flex-fuel or dual fuel vehicle is capable of operating on both petrol and ethanol.
The company has initiated a Brand Protection Programme to combat counterfeiting of parts in a bid to guarantee distribution and availability of genuine parts to consumers through 4,000 company touch points.
The ministry will soon bring in regulations for electric vehicles to address issues such as whether charging is a service for promoting e-mobility in the country.
The sales growth of Skoda is coming from its entire product portfolio and not just from one or two products.
Skoda is driving the emerging market strategy for the VW group and is leading the development process for new models in India which are expected to be rolled out post 2020 when new regulations related to safety and emissions come into force in the country.
According to sources, besides the new Swift, the company plans to introduce a new refreshed version of its mid-sized sedan, Ciaz and vehicle MPV Ertiga in the coming months.
The 14th edition of Auto Expo is expected to see close to 24 new launches and over 100 unveiling of vehicles on February 7-8, 2018.
The tribunal was hearing pleas filed by a school teacher Saloni Ailawadi and a few others seeking ban on sale of its vehicles for alleged violation of emission norms.
Volkswagen is monitoring electric vehicle scenario in India and will be ready with its range of products for the country as soon as the market is ready, a company official said. Globally, VW has readjusted its strategy to embrace e-mobility and committed huge investments towards new generation electric vehicles from 2020.
The pact envisages encouraging joint Research and development, deployment and manufacturing activities in the area of metal-air batteries for an array of applications, as stationary energy storage systems, electric mobility solutions.
Volkswagen is currently studying several options which involve phased investments and these investments could range from updated products to a complete new product portfolio.
Under the initiative, ofo will deploy 100 plus bicycles across the entire campus and will be available as a means of easy commute within the campus, claimed to be the first in India.
Swedish luxury carmaker Volvo Cars aims to launch a range of products in India, including a fully electric vehicle next year, as part of its plans to double market share in the country by 2020. The company, which sold 2,029 units in the country last year, has a market share of around 5 per cent in the Indian luxury car segment.
Ahead of the Budget, automobile industry body SIAM has asked the government to restore incentives given on research and development in the form of weighted tax deduction to previous level. In its pre-budget wish list, the Society of Indian Automobile Manufacturers has also sought inclusion of certain imported electric vehicle parts in preferential tariff list to help promote the eco-friendly technology.
For the January-December 2017 period, passenger vehicle sales rose 8.85 per cent to 32,29,109 units as compared with 29,66,603 units in 2016.
Tata group's practice of funding without proper risk assessment, particularly in the case of Nano, resulted in liabilities worth thousands of crores of rupees.
