Bs Vi Emission Norms
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Tata Motors has not produced a single Nano in first 9 months of 2019; sold just one unit in February
•Ex-Tata Sons chairman Cyrus Mistry, who was abruptly removed from the post, even went on to claim that the Nano "consistently lost value, peaking at Rs 1,000 crore"
With high GDP growth, Modinomics works without compromising on fiscal discipline or inflation, argues BJP economist
Sanju Verma •It is amply clear now that revisions in the GDP numbers have happened regularly, even during erstwhile Congress-led dispensations.
Mahindra and Mahindra to launch BS VI compliant vehicles soon; invests Rs 1,000 cr for fuel transition
•Homegrown auto major Mahindra and Mahindra on Monday said it is ready to launch its BS VI compliant vehicles next year and will be able to roll out the petrol range in 2019 itself
Sundaram Finance Q4 net Rs 675 cr; to raise Rs 11,000 cr through various options to fund business growth
•Sundaram Finance had raised Rs 10,200 crore as term funds in 2018-19 from banks, mutual funds, insurance companies and others in form of non-convertible debentures.
Ford confirms that it will continue to sell diesel variants of its cars in India
•Diesel cars set to become costlier from next year with the implementation of stricter BS-VI emission norms.
US automaker Ford to continue to sell diesel models in India, no plans to pull the plug on such vehicles, says official
•Ford sells models like EcoSport and Endeavour in the country through a wholly-owned subsidiary
No production of Tata Nano for third month in a row; no sales of 'people's car' in March
•Company officials had earlier hinted that production and sales of the Nano would stop from April 2020
Maruti Suzuki slashes car production by nearly 27% on sluggish demand ahead of general elections, BS-VI emission norms
Fp Staff •Maruti Suzuki cut the production amid uncertainties on demand in the market ahead of the general elections in May this year besides shift to tougher BS-VI emission norms.
Indian Oil earmarks Rs 22,000-cr capex for FY19, to commission Ennore-Manali LNG pipeline on schedule
•Indian Oil Board has approved a capex plan of Rs 22,000 crore for FY19, of which around Rs 6,000 crore will be towards upgrading refineries to meet BS-VI emission norms.
SIAM: Auto Industry committed to meeting BS VI emission norm deadline
Overdrive •In January this year, the Indian government had decided to leap frog the implementation of BSVI emission norms by four years to April 2020