Paytm founder Vijay Shekhar Sharma steps down as Paytm Financial Services directorPaytm founder Vijay Shekhar Sharma has resigned as the Director of Paytm Financial Services in wake of Reserve Bank of India's regulation that prohibits a payments bank chairman to also hold a directorial position in an NBFC (non-banking finance company) unless it's a subsidiary of the bank. While Sharma in his resignation letter cited \"other preoccupations\" as reasons for his inability to continue...

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Auto sales down: Domestic sales of two wheelers went down by 15.74 per cent as only 12,864,936 units were sold as compared to 15,267,778 units the year ago

Passenger vehicle production for November stood at 290,727 vehicles

Paytm Payments Bank said it has also partnered with automobile manufacturers such as Maruti Suzuki, Hyundai Motor India and others to offer pre-fitted Paytm FASTags at the time of vehicle purchase itself

Once considered a bad word and symbolised poor manufacturing processes, product recalls have become routine in global automotive industry as machines have become more complex

The poor performance is largely on the back of the steep decline in vehicle industry where production was down by over 13 per cent in the April-September period this financial year

While the likes of Maruti Suzuki, Hyundai, Mahindra & Mahindra and Tata Motors will continue to make their presence felt, notable absentees from the expo will be Honda, BMW and Ford among others

Linking GST to retail price could end (mis)adventurism in industry and could set standards for responsible corporate behaviour

There is lot of conversion happening from diesel to gasoline and to compressed natural gas but still for most of the long-haul applications, diesels are here to stay for a few years

As the economy goes into a tailspin, jobs across industries are becoming a casualty

There are numerous reasons for this mess. To begin with, retail prices of petrol and diesel hit record highs in October 2018 due to high international crude oil prices

Even in the passenger vehicle segment, the heavy lifting was done by utility vehicles that saw a 22 per cent increase in sales, thanks to new products like the Kia Seltos, MG Hector, Hyundai Venue, Maruti XL6 and Mahindra XUV3OO

Passenger vehicle sale: Auto companies sold a total of 2,85,027 passenger vehicles in October, against 2,84,223 in the same month last year

Suzuki Motor Corporation, the parent of India's biggest car-maker Maruti Suzuki, was scheduled to commission the plant in Gujarat by April 2020, will now start operation by next July

Typically, the industry reports wholesale figures on the first of every month, which essentially signifies the number of cars dispatched by each manufacturer from their factories to the dealerships

SIAM, FADA fight over monthly Indian automobile sales numbers

Finnish state-owned firm Fortum, one of the early movers in the EV charging infrastructure space, believes the key will be how quickly public charging infrastructure scales up in the country