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Mumbai: The executive motorcycle segment (with engines having a cubic capacity of 125cc to 150cc) has seen an 18.43% year-on-year drop in domestic sales for the fiscal up to January, according to data provided by industry body Siam (Society of Indian Automobile Manufacturers). (4-0)
FinMin asks PSU banks to examine bad loans over Rs 50 crore for possible fraud The Finance Ministry on Tuesday directed to public sector bank managing directors (MDs) to detect frauds and refer cases to CBI examining all non-performing assets (NPAs) over Rs 50 crore for possible fraud. The government has also given a 15-day deadline to the banks to take pre-emptive action and identify and address operational and technological risks. (4-0)
Scooters India has got the board approval to hive off 89.69 acres of its non-core land.
Scooters India today said its board has approved to hive off 89.69 acres of its non-core land.
The December quarter results brought an unexpected setback to investors riding the recovery wave in some of the auto-components suppliers. Shares of Motherson Sumi Systems Ltd and Gabriel India Ltd fell sharply after the companies last week reported a significant drop in profitability, despite a higher revenue base.
New Delhi: Honda Motorcycles and Scooters India Ltd (HMSI) unveiled its new 160cc motorcycle, called X-blade, at the Auto Expo on Wednesday. The company also showcased the latest version of its popular scooter called Activa 5G.
Any move to introduce job reservation in the private sector will hit India's investment climate and political parties must avoid sending "wrong signals" to investors, industry body Assocham said. At a time when the Indian economy is seeking positive triggers for growth revival, any political narrative on reservation in the private sector would bring in a big blow, it said. (79-0)
Real estate may not fully come under the Goods and Services Tax (GST) because the stamp duty and property tax can stay out of its ambit, suggests a presentation prepared for the GST Council, reports Business Standard. While work contracts for under-construction houses are under GST, the stamp duty and land are out of it. India is one of the few countries where sales of under-construction houses are greatly in vogue. (78-0)
The government has lined up 18 companies for strategic sales and has asked their administrative ministries to identify land that can be bundled and put on the block to make the deal more attractive, reports The Economic Times. The companies in which the government proposes to sell stake and hand over management control include Dredging Corporation of India, Central Electronics, Scooters India, Hindustan Prefab and Pawan Hans. (78-0)
Mumbai: Mint brings to you your daily dose of top deals reported by newsrooms across the country. (8-1)
Honda, in a neck-and-neck race, to become no. 1 player in the over 17-million units a year domestic two-wheeler market, is increasing its focus to the hinterland for network expansion, which has crossed 5,500 now. In the current financial year alone Honda Motorcycle & Scooters India (HMSI) has added 300 dealerships opened and will be opening 200 more through the rest of the year.
Honda, in a neck-and-neck race to become the top player in the over 17-million units a year domestic two-wheeler market, is increasing its focus to the hinterland for network expansion, which has crossed 5,500 now.
T E Narasimhan & Gireesh Babu | Chennai Last Updated at September 17, 2017 02:08 IST
The government is in advanced stage to appoint advisor for proposed strategic stake sales in Scooters India .
Italian bike brand Ducati saw new suitors lining up for a potential buy-out while closer home Japanese bike giant Honda launched the most affordable scooter to further strengthen its presence in that segment. Here is a full list of such developments that you will need to know about the automotive world.