The auto major, with around 50 per cent of market share in the domestic passenger vehicle segment, said the government can look at the GST relief if demand tapered off in the future

Hyundai, the world's fifth-biggest automaker when combined with affiliate Kia Motors Corp, reported a net loss of 336 billion won ($297.72 million)

The auto major's board had approved to form a separate entity which would house the PV business, including the EV vertical, by transferring relevant assets, IPs and employees directly relatable to the vertical for it to be fully functional on a standalone basis

The company has been focussing not only on the safety aspect of its vehicles but has also been leading the electric vehicle space in the country, said Shailesh Chandra, Tata Motors President-PVBU

Manufacturers such as Maruti Suzuki, Honda, Hyundai, Tata Motors, Renault and Mahindra are offering attractive discounts on their car variants to woo customers. As people plan big-ticket purchases around this time, car buyers also align their shopping goals with this festive timeline

Local manufacturers to crank up alloy wheel capacity to tap a thriving market; of the annual requirement of 26 million alloy wheels in India, almost 46 per cent was imported mostly from China in FY20 due to lack of domestic supply

The company is seeking to further boost demand with its offer after the recent leave travel concession (LTC) cash voucher scheme announced by Finance Minister Nirmala Sitharaman

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

Net interest income (NII) increased 16.7 per cent during the second quarter of FY21 to Rs 15,776.4 crore from Rs 13,515 crore in the corresponding quarter last fiscal

The schemes will be available till the end of November 2020 and can be redeemed on the entire new BS-VI range of cars and SUVs along with the company's EV range, Tata Motors said in a statement

Diesel sales, which accounts for roughly two-fifths of refined fuel demand in the country, totalled 2.65 million tonnes

In the banking sector, Uday Kotak said it is 'ripe for significant structural change'. According to Kotak, the market share of private sector banks in India will rise to about 50 per cent from the current 35 per cent over the next decade

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.

As 90 per cent of its branches are in non-urban areas, Shriram Transport Finance Company has not been impacted much by the COVID-19 pandemic

While high inflation was a major stumbling block for the monetary policy committee (MPC) to reduce the repo rate, the Governor expects retail inflation or CPI to come closer to the targeted level by the fourth quarter

Overall decline is significantly less than 27 percent drop in sales in August. Green shoot visible in passenger vehicle sales, which grow by 9.8%, the first time in a month this year

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

Bengaluru-based Ola entered the London taxi market in February this year

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