The Indian auto sector has staged a strong recovery in the third quarter, supported by a timely holiday sales tax cut, healthy retail growth and disciplined inventory management.The revival in demand was broad-based across two-wheelers, passenger cars and commercial vehicles, with volumes increasing sharply year-on-year during the quarter. Two-wheel combustion engine volumes rose in the […]
Maruti Suzuki on Monday said its board has approved an investment of Rs 4,960 crore to acquire land in Gujarat as part of a plan to expand vehicle manufacturing capacity, according to a regulatory filing. The country’s largest automaker said the land in the Khoraj Industrial Estate will be acquired from the Gujarat Industrial Development […]