Reliance Jio plans to sells 5G smartphones at Rs 2,500-3,000Reliance Jio is planning to launch a 5G smartphone for less than Rs 5,000 and gradually reduce the price to Rs 2,500-3,000 a unit when it scales up the operation, according to a company official. The company will target 20-30 crore mobile phone users who use 2G connection at present.Coronavirus impact: Passenger vehicle exports dip 57.52% in Apr-SepPassenger vehicle exports bore the brunt of the pandemic in April-September period....

COVID-19 impact: SIAM Director General Rajesh Menon said that this dip can be largely attributed to the COVID-19 related disruptions that led to the closure of plants and dealerships

While not a lot should be read into the September wholesale figures, it does indicate that supply side constraints on production due to the coronavirus induced lockdown in April and May that had hampered the industry in the first quarter have subsided

India Stock Market Highlights Today: IndusInd Bank, Tata Steel, Infosys, ONGC, BPCL, Cipla, Kotak Bank, NTPC and Bharti Airtel were among prominent gainers. On the other hand, Asian Paints, Sun Pharma, Nestle, RIL, M&M, HCL Tech were among the top losers.

Delhi Transport Minister Kailash Gahlot also restrained the Transport department from taking coercive measures to enforce rules pertaining to HSRP until further orders

Weeks before the festive season begins, some of the high-frequency indicators such as auto sales, air traffic, toll collection and rail freight loadings have revived hopes of recovery

SIAM chief Kenichi Ayukawa says the industry is observing growth, which has instilled confidence back into the industry, especially in the two-wheeler and the passenger vehicle segments

Elaborating on tasks at hand, he said FADA would also work for making auto retail business viable again by taking steps to enhance profitability of the dealer community which has been hit hard by a prolonged slowdown

Speaking at the annual session of the Auto Components Manufacturers Association of India (ACMA), Ayukawa said that he would make efforts to organise some business exploration meetings with manufacturers of Japan to push make in India

Speaking at SIAM annual convention here, Toyota Kirloskar said long-term policy framework is important to safeguard industry competitiveness

Javadekar also assured the auto industry to discuss the suggestion of temporary GST cut with Finance Minister Nirmala Sitharaman and Prime Minister Narendra Modi

Speaking at the virtual 2020 SIAM Annual Convention, Union Minister Prakash Javadekar said that the Centre is looking at a constriction of (GST) rates by 10 per cent for vehicles across all categories

This is not the first time that the Finance Minister has raised hopes only to disappoint later; similar noises had emanated from the North Block in August last year, only for the proposal to fall through

The company has introduced certified pre-owned car vertical, 'MG Reassure' which aims to provide quick and the best residual value for MG cars to customers across its dealerships

Amid fears of sales volumes dropping to lowest levels in 10 years, CRISIL cautioned that operating margins in the segment could dip to near-zero levels as manufacturers might partially absorb BS-VI upgrade costs

The pandemic is set to push the auto industry back by over a decade. Partial recovery in June and July has raised hopes, but will it sustain?

Mining sector in the country contributed Rs 4 lakh crore to the Gross Domestic Product (GDP) last year and the sector employs 1.1 crore people directly and another 5.5 crore people are indirectly dependent on the sector

The COVID crisis has impacted the Indian pharmaceutical market which grew just 0.2 per cent in July, even lower than the 2.4 per cent growth registered during June, the data showed

Many OEMs have registered improved sales  in July; sale of automobiles in India had crashed by over 40 per cent in June as a broken supply chain impaired the ability of companies to manufacture cars and two wheelers

The company has seen many troughs in the past including weak performance between 2011 and 2013 when multiple labour unrest at its Manesar factory crippled its production. It also suffered like others in the aftermath of the global financial crisis of 2008 but even then it always managed to stay in black