New Delhi Urging the government not to raise excise duty on diesel cars, top executives of country's leading automobile firms met the finance ministry officials on Wednesday.
With petrol prices hiked again today and fears remaining about price volatility of the deregulated fuel, auto manufacturers in the country are expecting a jump in demand for diesel-driven passenger vehicles.
Oil marketing companies, reeling under huge losses due to high crude price in the international market and the rupee depreciation, raised petrol prices today by Rs 7.50. But diesel prices, which are still regulated, were left untouched.
Riding on the lower retail price of fuel, diesel automobiles for the first time ever surged ahead of petrol models in December last year, capturing more than 50% of the passenger vehicle market com
New Delhi: Within days of FM Pranab Mukherjee deciding against imposition of additional tax on diesel vehicles, Hyundai has finalized plans to set up a diesel engine plant in India.
Even as car sales in India rose an annual 13.1 per cent in February, lack of clarity on the part of the government in the diesel sector has forced a number of automobile manufacturers in holding ba
Lack of clarity on diesel pricing policy has resulted in automobile companies, including Maruti Suzuki and Hyundai, holding up investments of more than Rs. 3,000 crore in India, according to industry body SIAM.
"Many of our members are still unclear whether they should invest on diesel technology or not in India as there is no clarity on how the fuel will be priced in future. This has resulted in more than Rs. 3,000 crore of investment being held back
NEW DELHI: Automobile major Hyundai Motor Monday launched three new liquified petroleum gas (LPG) powered variants of its hatchback Eon D-Lite plus, Era plus and Magna plus priced between Rs.2.98 l
Car makers are increasingly seeing sport-utility and multi-purpose vehicles tailored to Indian conditions as a growing opportunity in the country, where the buyer, they say, is prepared to pay more
