So what specific actions can our government take to make sure our ministers and MPs are equipped to deliver excellence in their roles? The first step is to create a scorecard for the government and ministries against which one could measure their success.

Toyota Motor Corp is recalling about 650,000 vehicles in Japan because of potentially defective airbags, expanding a costly recall it announced in 2013 because the supplier, Takata Corp, had not fully identified the problematic parts, the carmaker said.

\"The M6 Gran Coupe is the flagship of M Series. It will be available across the country from today,\" BMW Group India President Philipp von Sahr told reporters on Thursday.

In a bid to generate enthusiasm and boost sales, companies will launch 20 new vehicles at the Auto Expo event and showcase more than 50 automobiles for the first time in the country. Here's a sneak preview of some vehicles that will be unveiled at the show.

The 2015 rear-drive Genesis, unveiled at the North American International Auto Show in Detroit, gets an all-wheel-drive option for the first time, making Hyundai competitive for luxury buyers in snowy locations.

Satyajit Das, author of Extreme Money: The Masters of the Universe and the Cult of Risk, says India's poor public finances, weak international position, structurally flawed businesses, poor infrastructure, corruption and political atrophy threaten to overwhelm its future prospects.

Marketing managers who manage a weak also-ran brand should narrow the focus of their brands in order to strengthen their positions.

Luxury cars account for just one per cent of India's automobile market, but automakers are betting on smaller cars in this segment to bump up sales. India is the world's largest hatchback market with 1.8 mn cars rolling out of its factories a year.

There are only a handful of super-luxury car brands in the world: the Volkswagen Group's Bentley, Lamborghini and Bugatti; Fiat's Ferrari and Maserati; and BMW's Rolls-Royce. Though still a rarity, they are much more visible now than a decade ago.

Indians in greater numbers are starting to understand what luxury means, and they have the attitude and the money to buy it and flaunt it.

Ravi Venkatesan, former chairman of Microsoft India and author of the forthcoming book Conquering the Chaos, tells about four pre-requisites for successful innovation.

The global lubricants manufacturer stayed put in the country despite unfriendly business environment which scared many others. Castrol has a 25 per cent share of the Indian lubricant industry, and is well ahead of MNC rivals such as Mobil and Shell.

Tough auto markets worldwide - including a deep slump in Europe - and investment in new technology dented first-quarter earnings at German automaker BMW AG.

Luxury carmakers in India are moving downmarket and shifting production of smaller and cheaper cars to local plants to cut costs, broadening their target market to include India's young, female and middle-class drivers to boost lacklustre performance.

Volkswagen AG has announced a recall of more than 384,000 vehicles in China to fix gearboxes following a report last week by state TV that criticised the quality of the German automaker's cars.

BMW is recalling almost 570,000 cars in the US and Canada because a battery cable connector can fail and cause the engines to stall.

It is the right time to completely deregulate fuel prices and limit petroleum subsidies to targeted users of kerosene.

Two years after a wounded General Motors returned to the stock market, the symbol of American industrial might is thriving again.

In a tough year, TCS reported results in line with estimates, with profit after tax rising 14.6 per cent from the last quarter to Rs 3,318 crore, and reaffirming its position as India's top IT company.

Audi is no longer an also-ran in the luxury car race. By 2015, Audi hopes to become the number one luxury car brand in the world as well as in India. In fact, everyone in the company wears a tiny badge on her lapel that says No 1.