Bajaj, however, acknowledged that it is a difficult time for the sector and said that the government should not make it worse by raising registration fees
A slump in sales across the country has plunged the sector into a severe crisis
Carmakers launched as many as 14 new models between April and July 2019
The company has already seen as many as 32,035 bookings till date
As sales falter, banks tighten lending norms for auto dealers
The new model is powered by a 1.5 litre petrol engine coupled to a progressive smart hybrid system that features a lithium-ion battery
The XL6 will be available in five-speed manual and 4-speed automatic transmission options
I have gathered that the slowdown is primarily related to poor customer sentiment in a poor economic scenario, says S S Kim
Replacement market helped battery makers do better than other segments in the June quarter
Sales of passenger vehicles and two-wheelers drop YoY in July even as two segments perform better than June
Porsche and Mercedes-Benz are also joining Formula E for the 2019-2020 season to help generate buzz for the new all-electric models they have coming out
Total sales across categories declined by 6% to 1,654,535 units in July as against 1,759,219 units
Besides, the super bike maker announced a tie-up with Orix India to offer its models on lease
While auto parts exports have remained unchanged, car and two-wheeler exports have shrunk, suggesting that demand for completed vehicles is a bigger worry in global markets for Indian auto players
Automobile sales in India witnessed its sharpest decline in nearly 19 years in July, dropping 18.71 per cent, rendering almost 15,000 workers jobless over the past two-three months as the sector reels
The hybrid cars are 25% to 30% more efficient and will help reduce oil imports
What dismays automakers the most is the government's failure to take measures to kick-start growth
Evolution of successful business models in electric mobility, as electric vehicles gain ground and BS VI norms for internal combustion vehicles come into place, will separate men from boys in sector
The company, which sold 45 units in India last year, had earlier in the year pegged growth for 2019 at around 60%
Move follows similar steps taken by Maruti, Toyota, Mahindra, Ashok Leyland, Tata Motors and TVS Group firms to beat crisis