Fifty electric buses will be added to Goa's state transport corporation fleet, as part of the central government's initiative to promote eco-friendly public transportation.
Maruti Suzuki India Ltd Chairman R.C. Bhargava said on Tuesday the company had not renewed the contracts of 3,000 temporary employees, as the automaker battled rising inventory amid a slowdown in demand.
Maruti Suzuki India said on Friday it would recall 40,618 of budget four-wheeler WagonR manufactured between November 15, 2018 and August 12, 2019.
SBI announced processing fee waiver on car loans during the upcoming festival season in a bid to boost car sales. The bank is also offering the lowest interest rate starting 8.70% on car loans, with no escalation in interest.
Country's largest lender State Bank of India on Sunday said that it is extending the repayment period for stressed automobile dealers by 15-30 days to help them out of current inventory builds-ups due to the slowdown in the sector and in economy.
India's second largest car maker, Hyundai Motor India Ltd (HMIL) has declared "no production days" this month for some of its production departments owing to tough market conditions for the automobile sector.
Hero MotoCorp, the country's largest two-wheeler manufacturer, on Friday said that their manufacturing facilities will be closed for four days (August 15 to 18) owing to "demand scenario".
The domestic automobile industry on Tuesday sought revival measures from the government, even as data showed that overall sectoral off-take in July plunged 18.71 per cent, recording the highest monthly sales de-growth in the last 19 years.
Ride-hailing service Ola on Tuesday announced the acquisition of 'pikup.ai', an artificial intelligence (AI) start-up based out of Bangalore, for an undisclosed sum.