HP to lay off 4,000-6,000 employees over next 3 years
Several Big Tech companies have resorted to layoffs amid fears of a global recession.
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Hero dethroned by Honda in Sept sales; 2nd time in 2 years
Honda, which trailed its Indian counterpart by 1.7 lakh vehicles in May, surpassed the behemoth by about 33,000 vehicles.
Vehicle retail sales fall 8% in July: FADA
While passenger vehicle sales declined 5% year-on-year in July, the two-wheeler segment witnessed an 11% drop in sales last month.
M&M’s PAT falls 26% in June quarter
The company’s PAT fell to ₹918 crore from ₹1,238 crore a year ago due to falling sales and low margins, but including exceptional gains, the figure stands at ₹2,260 crore.
‘90% of car-buyers pick their ride after Internet research’
The trend is on the rise in smaller cities and towns, too, leading to a fall in footfall in bricks-and-mortar dealerships, a study by Google and Kantar TNS found.
Sportswear: Skechers eyes 2nd position in India
Skechers is going to ramp up its presence on the accessories and apparel front and increase focus on women’s and kids’ segments.
Tata Nano: Zero exports over last 6 months
Ratan Tata’s dream project, Nano, touted to be a “cheap car” for families wanting an upgrade from two-wheelers, sold just three cars last month.
William Penn looks to double sales in 3-5 years
William Penn, which sells premium writing instruments and luxury business accessories, has set its sights on crossing the Rs 200 crore mark in sales within three-five years.
Toyota to make cars for Suzuki
Toyota Kirloskar Motors will produce models developed by Suzuki Motor Corporation for sale in India.
HUL net profit up 14% on strong volume growth
The consumer goods maker beat analysts’ estimate to post 11% volume growth in a market that is showing gradual signs of revival.
