Pune

The idea behind ArthaKranti

The Pune-headquartered ArthaKranti Prathisthan or Economic Revolution Foundation is a radical registered NGO founded in 2005 by Anil Bokil, a man obsessed with the idea of Vasudaiva Kutumbakam: the world is my family. That is the vision of this NGO.

The mission of ArthaKranti Prathisthan, a registered trust, is “an economic revolution: a way towards Principled, Prosperous and Peaceful living” with its core five-pronged strategic proposals to be implemented in toto without any fundamental changes or dilution.

Quiet digital revolution taking place and it is moving faster than imagined: Bokil

After a year of demonetisation of Rs 1,000 and the old Rs 500 bank notes on November 8, the man whose presentation is said to be behind Prime Minister Narendra Modi’s decision to go ahead with it, says the PM is on the right track.

But Anil Bokil adds in the same breath that much more needs to be done to usher in a “corruption free and cash less” country.

Tata Motors unveils Tigor AMT

Tata Motors, India’s biggest automobile major by revenues, on Thursday expanded its Tigor compact sedan portfolio with the automated manual transmission (AMT) to boost sales in Asia’s third biggest car market.

The five-speed AMT gearbox is only available in the XZA and XTA variants with the Revotron 1.2 litre petrol engine. While the XTA variant is priced at Rs 5.75 lakh and the top-end XZA variant costs Rs 6.22 lakh at Delhi showroom.

This is an increase of about Rs 40,000 compared to their respective manual transmission versions in the market.

This festive season not that sparkling for auto sales

The passenger vehicle industry, one of the most important economic growth indicators in India, slowed down in October after hitting a double-digit growth of 11.32 per cent in September.

While sales grew at fast pace at Maruti Suzuki, India’s biggest car maker by sales, Tata Motors and Toyota Kirloskar Motor, they fell at Hyundai Motor India, country’s second largest car maker by sales, Mahindra, Honda Cars and Ford. Other car makers shied away from disclosing sales numbers today.

Signs of recovery as hope meets actual sales figures

The Rs 4.5 lakh crore Indian automobile industry in Asia’s third biggest economy has shown a growth trajectory in practically every segment. With demand picking up post demonetisation and the Goods and Services Tax (GST) regime settling down, it is likely to clock double digit growth, say automobile honchos and analysts.

JLR bets big on on twin brands

Tata Motors-owned Jaguar Land Rover, the British iconic sports luxury marquee, is betting big on its sales performance this year on the back of robust demand for its range of popular twin brands: Jaguar and Land Rover. A lot has gone into the whole branding and promotion initiative.

“The performance is a great testimony to our focus on building highly aspirational brands and world-class sales and after-sales infrastructure,” Rohit Suri, president and managing director at Jaguar Land Rover India told Financial Chronicle.

Tale of a different prodigal son

Last week, Indian army Captain Ravindra Kumar Bali (67) went home, finally. About 20 years ago Captain Bali was evicted from his ancestral home in Kota in Rajasthan. “Some of his relatives came and took him home last week,” a watchman from a nearby bungalow at the Officers Mess at Pune Cantonment told me.

Lankan move may hit 3-wheeler exports

Domestic tailwinds and emerging export markets would offset any adverse impact of Sri Lanka’s proposed plans to restrict three-wheeler imports. But major three-wheeler exporters like Pune-based Bajaj Auto, Chennai-headquartered TVS Motors and Baramati-Maharashtra based Piaggio Vehicles wou­ld be hit hard.

Honda to drive in six new models

Honda, the Japanese car giant and the fifth largest automotive  company in India by sales, plans to launch a total of six new car models in India, Asia’s third biggest car market over the next three years to boost sales and increase its dwindling market share.

Some of these models include the new fifth generation CR-V, a sports utility vehicle, Amaze, the compact sedan, the HR-V crossover, the Civic sedan, the new generation Accord.

Hyundai receives record order for 10,501 Verna units from Middle East

Hyundai Motor India, the country’s second largest car manufacturer by sales and biggest car exporter, has received a record initial export order of 10,501 units for the all new 5th generation Verna the mid-size sedan from the Middle East markets.

The new Verna will be known as the next generation Accent for the Middle East markets.

This is the single largest order for the next generation Verna that company has received since inception and a big jump compared to the earlier generations of Verna and Accent models.

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