App-based cab operators accounted for over 100,000 cars, or almost one-third of total sales to fleet operators last year, up from around 70,000
Groupe Renault worldwide passenger car and light commercial vehicle sales rose by 13.3% in 2016, against 4.6% for the market as a whole.
With Ignis, Maruti Suzuki is targeting millenials. It comes with 1.2 litre petrol and 1.3 diesel engines and automatic gear shift technology across both fuel options.
Smart Hybrid Vehicle by Suzuki (SHVS) was introduced by Maruti Suzuki on the Ciaz in September 2015. It was subsequently introduced on the Ertiga.
The government has agreed to provide up to 60% of R&D costs involved in eligible projects,” a senior government representative associated with the Technology Platform for Electric Mobility (TPEM), said.
Sales for the company dropped by around 2% last year amid challenges arising from the eight month-long ban on larger diesel vehicles in the National Capital Region.
According to data available with industry body SIAM, sales of passenger vehicles stood at 230959 units in the year-ago period.
In one of the largest foreign capital inflow into India’s core agriculture-related industrial sectors, Japan’s Yanmar agreed to buy 17.5% stake in ITL.
The Renegade Commando will now be available at Rs 1.64 lakhs (ex-showroom, Delhi). The bike was earlier priced at Rs 1.59 lakh.
Rockman Industries decline to specify the financials of the deal but said that Moldex Composites has been acquired at a valuation of Rs 100 crore.
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