Baleno’s monthly sales slip to 12,000 units a month after Toyota Glanza launch.
Mahindra Trucks & Bus division eyes break even of operation in 12-18 months with hope of market recovery
The company has set a target of revenue of Rs 10,000 crore in the next three years.
Slump in sales, migration to BS-VI norms and lack of exciting launches behind muted enthusiasm.
BMW said that while volumes will remain in negative territory in 2019, in 2020 it aims to come back in the green.
H1 PV sales estimated to have fallen over 25% , CV sales 20% and 2-wheelers by over 15%.
Ashwani Gupta, 49, was Tuesday appointed Nissan Motor’s chief operating officer (COO), at a time the carmaker is grappling with the Carlos Ghosn scandal.
The company will be setting up an independent network across 22 locations with 100 outlets in the country in the coming 18 months.
"Efforts are on to reduce fixed as well as variable costs intensively, and we are quite confident that we will keep a profitable position this year as well,” Satyakam Arya, MD, Daimler India said.
The market for premium vehicles in China has been down by 17% last month.
Ralf Speth, the global CEO of Jaguar Land Rover, told select Indian journalists that the all-electric I-Pace will come in the second half of 2020 and there will be a range of Land Rover hybrid vehicles coming to India.
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