Mahindra Reva Electric Vehicles, a part of the Mahindra Group, slashed the price of its electric car e2o by up to Rs 1.7 lakh by introducing a scheme under which a consumer pays a rental fee for the battery.

Auto makers, including General Motors India and Tata Motors, announced price cuts of their products soon after Finance Minister P. Chidambaram decided to reduce excise on automobiles in the interim budget 2014-15.

Audi cut the price of the base version of its A4 sedan by Rs 72,000 to Rs 29.85 lakh. The higher variant will be cheaper by Rs 90,000 at Rs 37.04 lakh.

Shares of Hero MotoCorp surged 4 per cent, while TVS Motor Company gained 3.86 per cent on the BSE. Escorts shares were up 3.86 per cent, while Mahindra & Mahindra rose by 2 per cent, Eicher Motors (1.9 per cent) and Maruti Suzuki (1.79 per cent).

\"As per the stakeholder survey, not just supply and demand for residential property, but price too is expected to witness an upward movement in the next six months,\" Knight Frank India Chief Economist and Director-Research Samantak Das said in New Delhi.

Net sales of the auto major declined to Rs 10,404.91 crore from Rs 10,642.60 crore a year earlier. The company said it sold 54,164 passenger utility vehicles in the third quarter, constituting a market share of 38.2 per cent.

While UBI increased lending rates and cut interest on deposits, Canara Bank raised fixed deposit rates across maturities.

A stable government at the centre after the election will be a key catalyst for the resurgence of the market. The Indian market may remain volatile until the elections but that gives an opportunity to build a strong portfolio.

Sterling has an inventory of 1,512 rooms spread across 19 locations in the country, which it sells to both members and non-members in a 50:50 ratio. It is banking on Thomas Cook to give a major push to its non-member sales.

Bids were received for over 3.97 crore shares, or 1.18 times the 3.36 crore shares on offer, as of 5 pm on Friday. The portion reserved for qualified institutional investors was oversubscribed 2.6 times.

India imports about 70 per cent of its defence equipment. The government aims to reduce the share of imports to 30 per cent by 2021 by promoting the domestic defence industry.

Students from the Phagwara-based university have lined up their concepts - ranging from the world's first solar family car, the world's smallest car, a mobile operated driverless car, a multi-energy smart hybrid car, unique bikes, hybrid cryogen engine, a hexa-copter, all-terrain vehicles (ATVs) and others.

Lamenting the state of 'limbo' in India ahead of the Lok Sabha elections, Mahindra Group Chairman Anand Mahindra said it is not only investors but even consumers who have chosen to wait till a new government is formed.

Homegrown auto major Mahindra & Mahindra unveiled its concept electric sports car 'Halo' which it expects to launch commercially in the next three years.

The shares are being offered at a price band of Rs 145-150 apiece and the issue would remain open till February 10. The FPO would remain open on bourses between 10 am and 5 pm.

Whil the multi-purpose vehicle Mobilio will lock horns with the likes of the Maruti Ertiga, Chevrolet Enjoy and Mahindra Xylo, the Jazz will take on the Maruti Suzuki Swift, Hyundai i20, and Volkswagen Polo.

Tata Motors unveiled a concept compact sports utility vehicle Nexon along with another concept car ConnectNext, giving a glimpse of its future direction in terms of technologies, as it bids to make up lost ground in passenger vehicles market.

Cheering the smart set of earnings that were declared post market hours on Tuesday, shares of Tech Mahindra opened the day on a firm note and further gained 4.49 per cent to Rs 1,849 on the BSE.

After a lower start at 20,241.12, the 30-share index of the Bombay Stock Exchange slipped to 20,076.10 before scripting a recovery in afternoon trade to end at 20,261.03 - logging a gain of 0.24 per cent.

According to Google's 2013 auto search trends, India's flagship Auto Expo Show is expected to boost car-related queries this year compared to 2012 as companies unveil new models to draw consumer interest.