Italy’s Ducati plans to scorch racing tracks in India

Italy’s Ducati is gearing up to set the racing circuit on fire. The world’s largest producer of racing bikes is planning to bring motorsports to India and has started preparations to get the MotoGP motorcycling championship here.

Ducati Motor Holding CEO Gabriele Del Torchio told ET, “I have asked MotoGP CEO Carmelo Ezpeleta to bring the Grand Prix event to India. If this event can happen in Qatar, China, Malaysia and Australia, I think India also has a great chance with vast improvements in infrastructure and the F1 circuit plans firming up. If all goes well, we shall have a full-fledged motorcycle racing season in India soon.” Read more
Courtesy: economictimes.indiatimes.com

Nano, a threat to North American auto industry

Nano, Tatas’ small car with a price tag of just $2,500, is already being viewed as a threat to the North America auto market even before its launch in India.

With BRIC (Brazil, Russia, India and China) nations set to overtake them in production this year, North American auto giants may soon face challenge from cheap cars from India and China. More
Courtesy: economictimes.indiatimes.com

Nissan appoints Hover Automotive as service partner in India

Hover Automotive India Pvt Ltd on Friday said it has been appointed by auto major Nissan Motor Co Ltd as its service partner for marketing, sales, after-sales service and dealer development in India. Read more
Courtesy: economictimes.indiatimes.com

Car sales gain momentum in April

The domestic auto market is showing signs of revival thanks to the 4 percentage point cut (400 bps) in excise duty on cars and two-wheelers announced in February. April witnessed a jump of more than 17 per cent in the car segment, while sales in the utility vehicle segment rose by 31 per cent, as compared with the corresponding month last year. Read more
Courtesy: www.indiacar.net

Ashok Leyland sales drop 2.46% in April

Ashok Leyland (Q, N,C,F)* reported a fall of 2.46% in its vehicle sales (including exports) during April at 5,705 units compared with 5,849 units in the same month of previous year.
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Courtesy: www.indiacar.net

Yamaha launches new 106 cc bike

Japanese two-wheeler maker Yamaha Motor Pvt Ltd on Tuesday announced it has launched a new 106 cc motorcycle, Alba, priced at Rs 37,500 (ex-showroom) in the country.
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Courtesy: economictimes.indiatimes.com

Ashok Leyland to more than double capacity

Ashok Leyland, India’s second-biggest bus and truck maker, will spend 30 billion rupees ($721 million) in capex over the next three years to more than double capacity from 84,000 vehicles now, it said on Thursday.

The Chennai-based company, which trails leader Tata Motors Ltd, will launch its iBus this year and also extend its range of tractors, it said in a statement. Leyland earlier on Thursday reported a better-than-expected 5 percent rise in its fiscal fourth-quarter net profit to 1.81 billion rupees from 1.72 billion a year earlier. Read more
Courtesy: economictimes.indiatimes.com

Santro launches new intiative to tap rural market

Hyundai Motor India has launched a new marketing initiative, titled ‘Ghar Ghar Ki Pehchaan’ for tapping rural market for its popular Santro car.

Claiming this as a first of its kind initiative, the company said it has rolled out special schemes for government employees in rural areas and members of gram panchayats on the purchase of Santro.
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Courtesy: www.indiacar.net

Italian two-wheeler Ducati forays into India

Italian two-wheeler maker Ducati Motor Holding on Wednesday announced its foray into the Indian automobile market with the launch of five motorcycles, priced in the range of Rs 15 lakh to Rs 50 lakh. Read more
Courtesy: www.indiacar.net

Pak Suzuki wants Euro-II compliant auto parts from India

Pak Suzuki Motor Company, Pakistan’s leading car assembler, is lobbying for permission to import Euro-II compliant auto parts from India at zero-rated duty in the face of stiff opposition from the local vendor industry. Read more
Courtesy: economictimes.indiatimes.com