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booming-automobile-sector

Booming automobile sector

New Delhi, Aug 19 (ANI): The Indian auto industry has come a long way since its inception. It has emerged as a major contributor to India's gross domestic product (GDP), accounting around 7% and employing about 19 million people both directly and indirectly. In addition, with Government's backing and a rapid growth in demand of cars, multi-utility vehicles (MUVs), two and three wheelers and auto components, the sector is set to attract foreign investors. India is currently the sixth largest passenger vehicle market in the world, and is geared to overtake major markets in Europe and North America in the next decade. Aug 19, 2014
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SC issues notice to Centre and state on PIL seeking ban on cigarettes

New Delhi, Aug 14 (ANI): The Supreme Court on Thursday issued notice to the centre and the states on a PIL seeking a complete ban on the production of cigarettes and other tobacco products across the country. The SC bench headed by Chief Justice RM Lodha said it was for the lawmakers to decide. Lawyer of the petitioner filmmaker Sunil Rajpal said that the money spent on the treatment of smoking-related ailments comes to Rs 30,000 crore per annum which flies in the face of revenue earning arguments on not banning the tobacco industry. Aug 14, 2014
tata-motors-launches-new-car-to-revive-sagging-fortunes

Tata Motors launches new car to revive sagging fortunes

Mumbai, Aug 13 (ANI): Tata Motors Limited began selling its new passenger car, its first offering in four years, in a bid to regain market share and plug losses in its domestic business, which was also hit hard by a slowing economy. The car, named Zest, is a compact sedan built on a new platform and, in a departure from previous models, boasts user-friendly features such as touch screen control panels. Shares of Tata Motors Limited, India's biggest automaker by revenue, jumped more than six percent after strong sales of its luxury Jaguar and Land Rover vehicles helped triple the company's first-quarter net profit. Operating margins at its Jaguar Land Rover (JLR) unit rose to 20.3 percent from 15.8 percent a year ago. Aug 13, 2014
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