However, the indices later recovered on management of these companies allaying concerns over their financial position.

According to data from Society of Indian Automobile Manufacturers, the company's entry level car Alto topped the list, selling 22,237 units in August.

Lessons from the failure of some of India's biggest business names.

All sectoral indices ended in the green, led by realty, power, consumer durables and metals. Brokers said sentiment was bullish on continuous recovery in the rupee amid reports that the government may announce steps to prop up the domestic unit.

Benchmark Sensex rose around 373 points to reclaim the 38,000-mark as better-than-expected macro data and further recovery in the rupee triggered widespread buying. The NSE Nifty too breached the 11,500-level with a rise of 145 points. All sectoral indices ended in the green, led by realty, power, consumer durables and metals.Brokers said sentiment was bullish on continuous recovery in the rupee amid reports that the government may announce steps to prop up the Indian currency.The...

Mahindra recently launched the all-new Marazzo in India and while many will be lining up to purchase the car, a fisherman named Jaisal in Kerala is already one of the first owners of the MPV.

PM Modi did not announce the highly anticipated FAME 2 scheme that is expected to lay down fiscal incentives for electric cars, two wheelers and charging stations.

Couple of months after its launch that disrupted the telecom industry with its cheap data plans and wide availability, Jio rushed to the 11th spot.

Country's largest carmaker, Maruti Suzuki India, on Friday unveiled its first electric vehicle prototype and said  that it will commence a nation-wide fleet testing of EV prototypes.

The two-day summit will see over participation from over 2000 industry giants like Mahindra and Mahindra, Hero MotoCorp, Maruti Suzuki, and several other stakeholders from research, academia and civic society.

Under phase 2 of the FAME scheme, the government expects to see an eight-fold increase in the sale of EVs.

Cars and other durables to get costlier this festive seasonWith the rupee's continuous fall against the dollar automobile and consumer goods companies are facing a tough time. This festive season will see these goods become more expensive. LG, Haier, and Godrej Appliances have hiked prices by 3-5 per cent this month. Panasonic India is expected to increase product prices by 2-3 per cent soon as reported by the Business Standard. Maruti Suzuki, the country's largest carmaker, has i...

Planning to buy a budget car this festive season? From Hyundai AH2 (Santro) with a price tag of Rs 3.5 lakh to the all-new Maruti Suzuki Ciaz at Rs 8.19 lakh, BusinessToday.In lists cars under Rs 10 lakh that you can consider for the big purchase.

Homegrown utility vehicle maker Mahindra and Mahindra on Monday launched its most ambitious product till date--the Marazzo, at Rs 9.99-13.90 lakh (ex-showroom Delhi).

Wipro wins biggest ever contract, over $1.5 billionIndian software services exporter Wipro Ltd has won its biggest-ever contract worth more than $1.5 billion with U.S.-based Alight Solutions LLC for digital services as reported by Reuters. Wipro would earn $1.5-1.6 billion in revenues over the tenure of the deal, which will include services in health, human resources and finance.The deal is expected to be completed in the quarter ending September.  Income Tax dept to wait til...

Maruti Suzuki India and Hyundai Saturday reported fall in domestic passenger vehicle sales in August, with floods in Kerala affecting demand for automobiles, although Tata Motors and Mahindra & Mahindra saw healthy growth.

According to MSI, the sales of compact segment, including models such as Swift, Celerio, Ignis, Baleno and Dzire, were down 3.6 per cent at 71,364 units as against 74,012 units in August last year.

The BSE Sensex closed lower, snapping its two-day record-closing run largely due to losses in key energy stocks of Reliance Industries and Coal India. The 30-share index hit an all-time intra-day high of 38,989 at the outset but the market lost steam as investors preferred to book gains after the recent rally.The BSE index settled at 38,722 points, down 173.70 points, or 0.45 per cent over the last close.Nifty index too finished lower by 46.60 points or 0.40 per cent in choppy trade a...

The Japanese carmaker has decided to keep the compact SUV from Indian markets over fears that it will not be popular among buyers here as a daily driver due to its off-roader character.

The two cars are in pipeline and will be launched one year after Kia Motors launches the SUV based on its SP concept, its first product in India.