The country's largest car-maker Maruti Suzuki India (MSI) saw its market share dip by over 2 percentage points during the period under review and slip below 50 percent in the domestic passenger vehicle segment in April-August

Nationwide, according to industry estimates, automakers, component manufacturers and dealers have laid off about 350,000 workers since the start of the year, in response to plunging car sales

The onset of electric vehicles in India has opened up a billion-dollar industry in EV charging that is attracting companies from diverse sectors

Finance Minister Nirmala Sitharaman had on August 23 announced a few measures including 30 per cent depreciation for new vehicles and revoking the ban on purchasing vehicles for the government, to spur a turnaround but many in the industry felt the measures were too little too late.

In the first phase, 50,000 ACs will be available for consumers of BSES Rajdhani Power Limited (BRPL), BSES Yamuna Power Limited (BYPL) and Tata Power Delhi Distribution Limited (Tata Power-DDL), on a first come, first served basis

Electric vehicles get a bonanza in Budget 2019 as government gets serious on e-mobility

Budget 2019: Electric mobility has been a major thrust area for the government that is keen to reduce the transport sector's dependence on imported fossil fuel. India imports nearly 84 per cent of its crude requirement every year.

Market leader Maruti Suzuki that accounts for one of every two passenger vehicles sold in the country posted a 17.2 per cent dip in its tally in June at 111,014 units

Agarwal added that the stoppage of production at the Tuticorin plant of the firm's unit Sterlite led to the country having to import copper, spending precious foreign exchange.

Share Market Live: Benchmark indices Sensex and Nifty ended on a positive note on Monday, driven by gains in banking stocks amid unabated foreign fund inflow, amid higher Asian markets.

Share Market Update: Market Breadth was in favour of sellers, as 1134 stocks declined on NSE against 509 advancing stocks, while 75 remained unchanged. Similarly, 1608 stocks were declining on BS against 936 adavcing stocks, while 143 remained unchanged.

Tata Global Beverages Ltd (TGBL) will buy the business of selling edible salt, spices, and lentils and give shares in return to Tata Chemicals Ltd (TCL).

Bharti Airtel (3.11%) , ICICI Bank (2.13%)  and NTPC (1.99%) are the top Sensex gainers

Share Market Update: RIL, Wipro, Tech Mahindra, ICICI Bank, SpiceJet, Interglobe Aviation, HDFC, HDFC Bank, were the major gainers in the indices, while Jet Airways, Infosys, TCS and Hindalco were among top laggards.