Ouchmytoe Auto

Auto component manufacturer, Kinetic Engineering (KEL), is targeting a turnover of Rs 5 billion by 2009-10, reports Business Standard.
The company is expected to register a turnover of Rs 1.6 billion this year, followed by Rs 3 billion in 2008-09. More
Courtesy:www.indiacar.net

Kinetic Engineering, entered into an agreement with Italian motorcycle major Cagiva, wherein Kinetic is likely to start manufacturing single-cylindered Cagiva models developed in Italy, reports Business Standard.
Cagiva President Claudio Castiglioni, planning to restructure his companyinclusive of three brands (Cagiva, Husqvarna and MV Agusta), indicated that India is likely to be a major role-player in the […]

Kinetic Engineering expects to do business of Rs 160 crore this year, and is targeting a turnover of Rs 500 crore by 2009-10.
The company has built up a client roster that includes Tata Motors, Force Motors and several international companies from Canada, the US and Europe, including Bombardier Recreational Products, Carraro, Visteon, GKN Rockford, Piaggio, […]

Fresh from rolling out its low- cost sedan ‘Logan’ in the country, French auto giant Renault’s President and CEO Carlos Ghosn today met Prime Minister Manmohan Singh and apprised him about his firm’s business plans in India.
“He (Ghosn) spoke about business plans for India by the joint venture and found India to be an exciting […]

Chinese car-maker Chery sold 44,568 vehicles in March to become the first domestic brand to top monthly vehicle sales since 1987, overtaking the likes of GM and Volkswagen.
It was also the first month in which the company that develops and produces cars with home-grown brands, sold more than 40,000 cars.
Second on the list was Sino-US […]

DaimlerChrysler India’s new plant at Chakan near Pune will put an end to the land lease arrangement it currently shares with Tata Motors. The luxury carmaker will move out of its leased premises once its new greenfield plant in Chakan gets ready for production.
The German carmaker has had a long and close relationship with Tata […]

DaimlerChrysler India Private Ltd has recorded sales of 690 units for the quarter ended March 31, 2007. DaimlerChrysler said that this included sales of 95 units its of S-Class, 352 units of E-Class and 226 units of C-Class. Declining to reveal the sales of the corresponding quarter last year, the company said that it had […]

The meeting between the management of Hindustan Motors and representatives of the registered trade unions, scheduled for April 8, has been called off. According to a company press release, the step has been taken as the management did not receive any response from the trade unions to restore normality at the factory premise within the […]

The much awaited Mahindra Renault Logan has finally been launched in India with a stunning price tag of Rs. 4.2 lacs (ex-Mumbai) for the base 1.4-litre petrol version. Also on offer are a more powerful 1.6-litre petrol model priced at Rs. 5.6 lacs and the frugal 1.5-litre common-rail diesel version which is priced from Rs. […]