After re-entry, Ford to exit India again

Ford Motors did a U-turn in only three months, announcing that it’s giving up on EV manufacturing in India (for exports), despite making the cut for benefits under the government’s production-linked incentive (PLI) scheme. It is believed that...

Maruti to set up new manufacturing plant in Sonipat

Maruti Suzuki will spend £1.1 bn to set up a new manufacturing facility in Haryana, its third in the state and spread over an 800-acre area, as India's largest carmaker looks to add a fresh 10,00,000 units to its capacity from the location over...

After two successive years of decline, car sales in India registered a 5% growth in the last financial year (2014-15). But the revival may not be sustained in the current financial year due to an adverse impact on the rural economy after unseasonal...

India's central bank on Tuesday kept its key policy rates and the reserve ratios unchanged in line with the predictions, while awaiting more robust data on inflation and action from commercial banks to soften their cost of credit to alter its...



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