Maruti Suzuki India Ltd., the country’s biggest carmaker by volume, said it will recall 103,311 vehicles from today to replace their “fuel filler necks,” after it noticed a potential fuel leak risk.
India’s annual car sales are poised to increase for the first time in three years as growth in Asia’s third-largest economy rebounds from the weakest pace in a decade.
The following is a selection of the most important news affecting the oil market.
Molecular biologist George Easow’s move to India to start a clinical diagnostics business lasted just three weeks before he was convinced to return to the U.K.
India’s automakers are readying for a rebound in demand after national elections due by May, betting that a government armed with a new mandate will push through policies to jumpstart the economy.
Bond risk for Tata Motors Ltd. is climbing at the fastest pace in more than two years as the sudden death of the head of its India operations threatens efforts to reclaim market share.
India’s economic growth slowed last quarter, holding below 5 percent and denting the Congress party’s chances of extending its decade-long rule in national elections due by May.
Tata Motors Ltd., India’s biggest automaker, posted profit that beat analyst estimates as sales at its Jaguar Land Rover unit jumped, even as executives predicted a slump for trucks and cars at home. The shares climbed.
Indian carmakers have seen better days. Auto sales in the country are headed for their first drop in 12 years as the economy grows at a pace that’s close to a decade-low.
The sudden death of Tata Motors Ltd.’s head of Indian operations is another blow to a company grappling with falling market share in a shrinking domestic industry.