Ouchmytoe Auto

It isn’t easy being a top-throttle motorcycle manufacturer in India. The 6.5-million unit market, which grew at a smart 13% last fiscal, is beginning to sputter. Growth turned negative in March and double-digit negative in April. And the big muscle fight between the top two players in the market is starting to look more interesting […]

The government on Thursday divested its entire holding in Maruti Udyog (MUL) by selling the residual 10.27% stake for Rs 2,360 crore to a clutch of financial institutions led by Life Insurance Corp (LIC).
“We have sold the entire lot of shares held by the government in Maruti Udyog(MUL) at an average price of Rs 797 […]

BS Reporter The hardening of auto loans is having an adverse impact on automobile sales, with sales of two-wheelers and medium and heavy commercial vehicles dropping by 6 per cent and 2.5 per cent, respectively, in the month of April. However, the sales of passenger cars have gone up in April, but grown much slowly […]

New Delhi,Car sales in India rose 11.3 percent on year in April, but growth was inhibited by firmer interest rates and stock market volatility, an industry body said on Thursday.
Indians bought 82,934 cars last month, compared with 74,542 in April 2006, the Society of Indian Automobile Manufacturers said on Thursday.
Sales of all passenger vehicles — […]

New Delhi Life Insurance Corporation, State Bank of India, Reliance Mutual Fund, Punjab National Bank, HDFC Mutual Fund and Corporation Bank have together bagged over three-fourths of the 2.97 crore shares of Maruti Udyog Ltd (MUL) that was put on the block by the Government.
The Group of Ministers’ nod on Thursday for sale of the […]

Hyderabad, The Saboo RKS, dealer of Maruti, has delivered newly launched sedan SX4 to seven customers who had booked SX4 immediately after its recent launch here. More
Courtesy:www.indiacar.net

Chevrolet’s small car at the distant New York Auto Show didn’t garner much attention in the general India media, but it should have.
Take a close look at the lines and overall form of the design. These are styling cues that Chevrolet and General motors(GM) are going to base their new small car, codenamed the M300, […]

Japanese motorcycle maker Yamaha Motor was banned from exporting unmanned helicopters and their parts for nine months after it allegedly tried to export them with potential military uses.
The punishment from the ministry of trade and industry was issued after police arrested three Yamaha employees for allegedly attempting to export an unmanned helicopter to a Chinese […]

Country’s biggest two-wheeler maker Hero Honda Motors Ltd on Friday reported a 27 per cent decline in its net profit for the quarter ended March 31 at Rs 195 crore as against Rs 267.19 crore in the corresponding quarter previous fiscal.
The Hero Honda Motors Ltd’s total turnover (net of excise) during the quarter grew […]