Demand for daily groceries and home and personal products peaked in the year ended November with 9% volume growth, the most since 2010.
The acquisition will allow SAMIL enter a new vertical - sheet metal parts with a focus on hot stamping - a light-weighting technology for high strength sheet metal parts.
After Modi govt said it would replace its entire fleet with e-cars by 2030, about a dozen car makers have begun preparations for the inevitable on war footing.
In December 2017, while total bookings were highest since 2012, retail sales grew 74 percent over last year – highest since December 2011, said Tata Motors.
Demand for midsize sedan Ciaz declined by 35.8% to 2382 units. Sales of utility vehicles - Gypsy, Ertiga, Vistara Brezza, S-Cross - increased by 19.9% to 19276 units.
The company's sales for the year, however, surpassed targets. Hyundai's sales in the local market rose 5.4% to 527320 units in 2017.
Carmakers told ET this was because of changes in incentives by the aggregators and the need to fit speed-limiting devices in vehicles used for commercial purposes starting May.
Apollo Tyres has, in fact, firmed up plans to invest Rs 525 crore in a greenfield facility in Andhra Pradesh, construction work of which is expected to commence in January 2018.
Volvo Car plans to bring only electrified vehicles to the local market starting 2019, the move being in line with New Delhi’s vision to switch 40% of the country’s new vehicle fleet to an all-electric mode.
The government had been talking of segregating the vehicle and energy businesses in order to reduce the cost and increase the convenience for the consumer.
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