Global investors' interest in auto-tech start-up comes at a time when the Indian auto sector is battling its highest de-growth in monthly sales over the past 19 years

Finance Minister Nirmala Sitharaman kindled hopes of a GST rate cut on the same day that several leading auto players announced dismal sales figures for August. The auto industry has long called for a reduction in the GST rate from 28 per cent to 18 per cent to accommodate the downturn.

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.

The 3 Series, one of BMW's bestselling cars in India as well as around the world, is powered by a two-litre four-cylinder petrol engine that produces an output of 258 hp and maximum torque of 400 Nm at 1,550-4,400 rpm

The slowdown in the sector has triggered massive job cuts, with initial estimates suggesting that automakers, parts manufacturers and dealers have laid off about 350,000 workers since April, a senior industry source told Reuters earlier this week

Maruti Suzuki India Ltd posted a steep 36 percent decline in sales in July at 98,210 units, selling less than 1 lakh units in a month for the first time since June 2017

The reason behind making these price adjustments is to offset the effects of increasing input costs Mercedes-Benz is reeling under.

Hyundai Kona: At Rs 25.3 lakh, the SUV is not mass market as most of Hyundai's other line ups and will be out of range for a majority of India's buyers

The domestic automotive industry has troughed for some time as car sales are dipping. In CY2018, overall passenger vehicle sales grew 5.3 per cent while luxury cars recorded 3.5 per cent growth on a much smaller base

Before joining Royal Enfield, Rudratej Singh was based in Singapore with Unilever as Vice President of South Asia

A hybrid car has more than one source of power. Usually, it combines a conventional combustion engine with an electric motor to run the vehicle

The annual figures were impacted by a 3.1 billion pounds write down in the third quarter to cover falling demand for newer models as well as for diesel-powered cars, announced previously by JLR

Strategic investments after sectoral analysis to boost economic growth: Suresh PrabhuStrategic investments based on a clear sectoral analysis will further strengthen India's economic growth, Union Commerce Minister Suresh Prabhu said Thursday. He also emphasised on focussing on district-development led growth to drive inclusivity in the society. Prabhu was speaking at the 'Policy Round Table' organised by industry body CII in Mumbai. PNB calls off deal to sell stake in PNB Housing Financ...

BMW X5 is one of the top-selling models for the carmaker in the domestic market, and the latest version of the SUV will compete with the likes of Mercedes-Benz GLE, Volvo XC90, Range Rover Velar, Porsche Cayenne and the Audi Q7