Automobile Indian Subcontinent Industries Market

World Highest tax structure India’s Petrol Diesel prices packed all time high

In India Petrol price on Thursday scaled to an all-time high of Rs 84.20 per litre in the national capital after state-owned fuel retailers hiked rates for the second day in a row.   Petrol price on Thursday was hiked by 23 paise per litre and diesel by 26 paise a litre, according to a Read More…

Asia Automobile Companies

South Korean Mahindra’s subsidiary SsangYong Motor Company applied for bankruptcy

SsangYong Motor Company (SYMC), the South Korean subsidiary of Mahindra and Mahindra (M&M), on Monday informed the Korean Stock Exchange regarding the commencement of the rehabilitation procedure with the Seoul Bankruptcy Court, M&M said in a notification to the stock exchanges. The development comes a week after the struggling automaker missed the repayment of Rs Read More…

Automobile Companies East India Industries

Peculiar cheating by Maruti dealer in Assam loose his dealer license

In a unique event The Assam Transport Department has cancelled the trade licence issued to a dealer of the country”s largest carmaker, Maruti Suzuki India, for allegedly selling old vehicles by repainting them, officials said on Tuesday.   The District Transport Officer (DTO) of Kamrup Metropolitan, Gautam Das, said a person had filed complaints against Read More…

Automobile Companies Indian Subcontinent Industries Market

US$ 80 / Barrel in Oct 2018 and at 48US$ in Dec 2020 India petrol price maintained same Rs 84 /L

The oil marketing companies (OMCs) on Sunday increased the retail price of petrol by 28 paise per to Rs 83.41 a litre in Delhi. Similarly, diesel price also increased by 29 paise a litre to Rs 73.61 a litre.   With Sunday’s increase, fuel prices have now increased on 14 of the past 17 days Read More…

Automobile Companies Indian Subcontinent Industries

Maruti Tata Hondo Automobile sales seen growth in Nov 2020 Sales on YOY basics

  Automobile major Maruti Suzuki on Tuesday reported a growth of 1.7 per cent in its overall sales during November 2020 on a year-on-year basis.   The company sold 1,53,223 units of vehicles last month, against 1,50,630 units sold in November 2019.   On a sequential basis, the company sold 1,82,448 units of vehicles in Read More…

Automobile Companies Indian Subcontinent Market

BJP centre Govt increase commission cap to 20% for Ola uber

Govt of India to allow app-based taxi aggregators such as Uber Technologies and Ola to charge up to 20% commission on ride fares, according to guidelines issued on Friday, diluting an earlier proposal to cap fees at 10%. India accounts for an estimated 11% of Uber’s global rides annually and is SoftBank-backed Ola’s home market. Read More…

Automobile Companies Indian Subcontinent

Hyundai emerging as leader in small engine diesel Cars in India

Hyundai Motor India is witnessing a robust demand for diesel models in its portfolio which vindicates its stand for continuing with the technology even in the BS 6 emission regime, according to a senior company official.   The country’s second largest passenger vehicle maker continued with the diesel models even as the country’s leading carmaker Read More…