Auto

This is the first time that year-on-year passenger vehicle sales have fallen in three consecutive months since April 2014, when the economy had slowed and the rupee had also weakened.

Revenue from operations came in at Rs 2,534 crore for the quarter ended June 2018, up 13 per cent compared with Rs 2,255 crore for the corresponding period a year ago.

Standalone profit after tax, which does not include share of profit from its unit Mahindra Vehicle Manufacturers, stood at Rs 1,221 crore ($177.50 million) for the quarter ended June 30, compared with Rs 749 crore a year earlier.

Ola will offer private vehicles for hire as well as the popular black cabs on its platform.

Under the settlement, Nissan would take a lower payout of about Rs 2,000 crore in unpaid dues and forego sums it has sought in damages.

Changes to the way JLR's pension payments are calculated had resulted in a one-time gain of Rs 3,609 crore last year.

AIMTC is demanding a cut in federal and state levies on diesel by bringing the fuel under the scope of the nationwide GST.

Tata Motors shares opened at 289.70 and dipped to Rs 275.10 during the session. At days low, Tata Motors share price marked a decline of 10.7 cent in two days.

In the April-September period this fiscal, Maruti Suzuki India (MSI) exported 57,300 units of passenger cars as against 54,008 units in the year-ago period, up 6 per cent, according to the latest data by Society of Indian Automobile Manufacturers (SIAM).

The dismissals were a result of a company-wide annual review, Tesla said in an emailed statement.

Maruti Suzuki India's domestic sales stood at 1,51,400 units, up 10.3 per cent from 1,37,321 units in September 2016, the company said in a statement.

Tata Motors said its Chief Financial Officer C Ramakrishnan has retired with effect from today.

The company's arm Ford Smart Mobility LLC will initiate a pilot project of its smart shuttle services in Chennai by the end of this year.

Luxury vehicle manufacturers have hit out at the move to hike cess on large cars and SUVs to 25 per cent, saying it was against the spirit of liberal market dynamics and would affect future plans of expansion under the Make in India initiative.

Every developed country has a strong automotive industry and India must look to strengthen the sector, which today accounts for nearly 50 per cent of the country's manufacturing GDP, says auto industry body SIAM.