As part of the strategic collaboration, the companies have agreed to co-create solutions to operate and manage fleet vehicles.
It's a triple whammy — weak sentiment, liquidity tightening post IL&FS and rise in car insurance costs.
India MD Sajeev Rajasekharan says company will stick to the ‘rule of the land’ to do business.
As per data available with FADA, passenger vehicle inventory now stands at 50-60 days.
Commercial vehicle registration in February too fell 7.08% to 61,134 units. Two-wheeler registration during the month under review dropped 7.97% to 1125405 units.
With only 3 SUVs, we need to work harder for this market: Gaku Nakanishi, President, Honda Cars India
The Amaze was a game-changer; so now we are enjoying. But, of course, we are not satisfied 100%, says Nakanishi.
As per data available with industry body SIAM, passenger vehicle sales last month declined by 1.11% to 272284 units.
The expert committee in its report has estimated that Volkswagen cars released approximately 48.678 tonnes of NOx in 2016 in the national capital.
The new Civic come strapped with 1.8L petrol and 1.6L Diesel engines.
In a move that could severely impact prices, strict localisation norms have been placed on makers of e-cars.
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