The management-employees standoff over lockout at
Toyota Kirloskar Motor's two plants at Bidadi near
here is persisting as renewed talks between them failed to reach any consensus
today. "Deliberations are still on. We have called a meeting again on
Tuesday. Hopefully, we may reach some settlement that day," Additional
Labour Commissioner J TJinkalappa told
PTI.
Passenger vehicle sales in India slumped 6 per cent in
2013-14, marking the biggest rout in a decade. Although the government had
announced a 4-6 per cent cut in excise duty in February, it failed to lift the
mood in a market weighed down by rising costs and higher interest rates. The
auto industry, however, pegged hopes on a new, stable government reviving
demand.
The Duster which is being sold in over 100 international
markets under Dacia and Renault brands has crossed an important production
milestone of one million. The affordable compact crossover SUV took four years
to achieve this feat.
CEAT Tyres launched their first ever luxury tyre, CZAR, in
Mumbai, thus heralding their entry into the luxury tyre segment. Catering to
the SUV Radial market, these tyres are claimed to be different from the rivals
with great cornering stability and uniform wear while treading the road.
The company also launched their Gripp LN Tires for the premium passenger car
segment.
Happy Birth day to Honda's baby sedan – Honda Amaze.
Honda had launched Amaze on April 11 exactly a year back. Its been a complete
joy ride for the Japanese manufacturer, numerous milestone achieved with the
Amaze in the entire last year. Thanks to the blistering success of Amaze and
with new City in diesel coming to the party, Honda has raced close to the no 3
position in the Indian car maket after Maruti and Hyundai.
World’s largest auto maker, Toyota has come up with a new
set of petrol engines. These engines as the company says are more frugal than
its current line-up of engines. Toyota’s new petrol engines comprise of a 1.0
litre, three cylinder engine and a 1.3 litre, four cylinder motor. Barring the
current trend of bestowing turbocharging and direct injection technology in
engines as done by other auto makers to compensate reduced engine capacity of
stripped down motors, Toyota has stuck to its hybrid set up.
Ster, the Polish manufacturer of high quality seats for
inter-city coaches, buses, mini-buses and trams of the highest European
standard, has come out with its latest innovation – the ultralight seat family
for city buses. The new range of seats showcased at the Busworld show in
Kortrijk last year comes with a host of advantages to customers, including
significant fuel savings.
After witnessing a dismal 2013-14 fiscal year, the Indian
commercial vehicle industry is not exactly set for a recovery in the current
fiscal, says independent rating agency ICRA.
According to the agency, the degrowth for the 2014-15 fiscal
year will rest at 6,36,000 units, marking a drop of 19.7 percent over the
current fiscal. This, ICRA says, would be lower than the industry volume in
2010-11 – which was a successful year for the CV industry.
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