Car sales in India are expected to rise marginally
this fiscal year after posting two straight years of decline, an industry body
said on Friday."Not fancy growth but hopefully some moderate growth
because there has been some improvement in GDP numbers in recent months,"
said Vikram Kirloskar, president of the Society of Indian Automobile
Manufacturers (SIAM).
The domestic commercial vehicles (CV) industry is likely to
close 2014-2015 at 6,36,000 units, reflecting a 19.7% degrowth over the
previous year says ICRA.
The country's largest carmaker Maruti Suzuki India (MSI)
consolidated its position in the passenger vehicles segment by increasing its
share to 42 percent in a declining market during 2013-14.
Its closest rival remained Hyundai Motors India Ltd with a
15.18 percent share, while Mahindra & Mahindra (10.15 percent) overtook
Tata Motors (7.94 percent) to the third spot.
Fiat India has rolled out 300,000th vehicle from its
manufacturing unit located in Ranjangaon, Pune. Fiat also supplies petrol and
diesel engines to various auto makers in India including Maruti Suzuki India
and Tata Motors. In 2013, Fiat touched the mark of manufacturing 5,00,000
powertrains from its manufacturing unit.
Dr Rai Singh Notay of specialist oil developer and producer
Millers Oils has won an award for his experimental research into lubrication
degradation. The product development engineer wrote his paper as part of a PhD
and was awarded first prize for the ‘Communication in Engineering’ competition
by the Yorkshire Automotive Division of the Institute of Mechanical Engineers
(IMechE).
In one of the biggest vehicle recalls, Maruti Suzuki
IndiaBSE -1.30 % is recalling 1,03,311 units of its popular models Ertiga,
Swift and DZire manufactured between November 12, 2013 and February 4, 2014 to
replace faulty fuel filler neck.
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