Domestic passenger car sales declined by 18.56 per cent to 1,18,142 units in August 2012
compared to 1,45,066 units in the same month in 2011.
According to the data released by the Society of Indian Automobile Manufacturers (SIAM), motorcycle sales in last month fell by 8.46 per cent to 7,66,127 units from 8,36,887
units in the same month previous year.
Total two-wheeler sales in August 2012 decreased by 4.50 per cent to 10,57,925 units from 11,07,782 units in the same period of previous year.
However, total sales of commercial vehicles rose by 3.92 per cent to 66,767 units from 64,248 units in the year-ago period, SIAM said.
Total sale of vehicles across categories registered a dip of 3.90 per cent to 13,54,436 units in August 2012 as against 14,09,412 units in the same month of 2011, it added.
Malaysian budget carrier AirAsia formally announced the appointment of Subramanian Ramadorai as its non-executive chairman of India operations.
As India's tech hub and Bangalore will get more funds in the new budget for this fiscal (2013-14) to meet its infrastructure needs, Karnataka Chief Minister Siddaramaiah said Tuesday.
Higher prices of foodstuff such as cereals and vegetables continue to put pressure on India's overall inflation rate, the Reserve Bank of India (RBI) said Monday.
Reserve Bank today kept the key interest rates unchanged citing elevated food inflation, rupee depreciation and uncertainty over foreign fund inflows
KTS announced a 10.50 per cent hike in bus fares to mop up an additional Rs 186.72 crore annually.
The rupee on Friday strengthened by 35 paise to 57.63 against the dollar in early trade.
Growth in India is projected to rise to 5.7 percent in the 2013 fiscal year and firm to 6.5 percent and 6.7 percent in FY2014 and FY2015, respectively