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Mercedes cuts 500 Brazil jobs, 7,000 placed on leave

Last Updated: Thursday, May 21, 2015, 07:18

German vehicle manufacturer Mercedes Benz said Wednesday it had cut 500 jobs at its Brazilian plant in Sao Bernardo dos Campos near Sao Paulo and placed 7,000 workers on short-term leave.

Ban on diesel vehicles: NGT extends stay, pulls up Centre

Last Updated: Monday, May 18, 2015, 15:36

The National Green Tribunal on Monday extended till May 25 the stay on its order banning plying of over 10-year-old diesel vehicles in Delhi-NCR.

NGT extends deadline to ban 10-year-old diesel vehicles in Delhi to May 25

Last Updated: Monday, May 18, 2015, 13:14

The National Green Tribunal's on Monday extended its order prohibiting diesel vehicles that are over 10 years old from plying in the national capital to May 25.

Ficci suggests vehicle replacement policy to Government

Last Updated: Wednesday, May 13, 2015, 17:55

Central Government may provide subsidy for replacement of old vehicle, wherein 50% could be borne by the State, addressing the high cost concerns.

Hero MotoCorp Q4 net declines 14% at Rs 477 crore

Last Updated: Thursday, May 7, 2015, 18:28

Two-wheeler market leader Hero MotoCorp on Thursday reported a 14.05 percent decline in net profit at Rs 476.53 crore for the fourth quarter ended March 31, 2015 due to a one-time impairment payment.

Ashok Minda group forms JV with US-based VAST

Last Updated: Monday, May 4, 2015, 13:31

The 50:50 joint venture is between Minda Management Services Ltd -- an affiliate of Minda Corporation and Spark Minda, Ashok Minda Group -- and the VAST Group.

Mahindra opens Rs 250-cr extended manufacturing unit in Telangana

Last Updated: Wednesday, April 22, 2015, 13:52

The auto division of Mahindra & Mahindra on Wednesday announced the inauguration of its extended automotive manufacturing facility in Zaheerabad in Telangana.

Chinese automaker Geely gears up for push into Europe, US

Last Updated: Friday, April 17, 2015, 05:46

Chinese automaker Geely is set to start producing a small crossover utility vehicle late next year - the first car to be built using a common platform jointly developed with Volvo.

Hero MotoCorp vehicle sales up 6.2% in 2014-15

Last Updated: Wednesday, April 1, 2015, 16:23

Hero Motocorp Ltd , India`s largest maker of motorcycles and scooters, said on Wednesday its sales for the year ended March 31 rose 6.2 percent from a year earlier to 6.63 million units.

SPVs to be created to implement 'Smart City' project: Naidu

Last Updated: Tuesday, March 24, 2015, 20:11

NDA government has announced to create 100 smart cities across the country.

EU says 2014 `very bad year` for road death cut goal

Last Updated: Tuesday, March 24, 2015, 19:14

The EU`s transport chief warned Tuesday that 2014 had been a major setback for the bloc`s goal to halve the number of road deaths, with nearly 26,000 people dying last year.

Banks should pass on RBI rate cut benefits, say auto makers

Last Updated: Wednesday, March 4, 2015, 11:17

"We are waiting and watching if the banks pass on the benefits of the rate cut to consumers. Earlier also when the RBI cut rates they didn't pass it on," Maruti Suzuki India Executive Director (Marketing & Sales) R S Kalsi told PTI.