Category: government
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Maruti Suzuki sales decline in March due to coronavirus; Lockdown to worsen auto industry’s condition
Sales of India’s largest carmaker Maruti Suzuki India fell 16 percent in the last financial year as the auto industry, already under pressure from a sluggish economy and thin demand, was hit by the spread of coronavirus. Maruti, which has a 50 percent share in the Indian passenger car market, sold 1.56 million vehicles in…
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Roadside Assistance (RSA) as A Business : Automotive Trends in India : Study
When we were conceptualizing startup idea in India (2008), we were exploring automotive aftermarket to find out if there is a any Indian market for a digital platform of car service centers. We were reading a lot about the Global trends. The OEM Dealer Service Center was busy queuing booking of their “warranty” customers. Many…
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500 Cr for development of a manufacturing base for electric vehicles in India
FAME Phase II has proposed setting up of a venture capital fund of INR 500 Cr for development of a manufacturing base for zero-emission vehicles and their components, taking prototypes to manufacturing, and development of R&D among others. As many as 136 startups related to electric vehicles already existin India. “In order to support such…