Ouchmytoe Auto

Two-and-a-half years ago, PV Abdul Wahab, Maruti’s dealer in Kochi, flew in from Dubai just in time to attend a meeting on True Value, the car market leader’s used vehicle business. Back then, True Value was nothing more than MD Jagdish Khattar’s pet theme. No one thought it was worth anything more than a side […]

Bharat Forge’s scorching pace over the past three years, which propelled it into the billion-dollar revenue club is showing signs of a slowdown. In FY07, the Bharat Forge’s consolidated net profit and revenues grew by 16% y-o-y against 24% in the previous year. More
Courtesy:economictimes.indiatimes.com

Competition is mounting in motown. With new launches hitting markets almost every month, auto players are now using innovative marketing strategies to woo customers.
In a bid to cut marketing costs as well as reach out to new segments, auto makers are now testing an online strategy, which connects customers, dealers and the companies on the […]

Bharat Forge, flagship company of the 2.1-billion-dollar Kayani Group, on Tuesday reported a 21.3 per cent growth in net profit after tax (PAT) to Rs 64.28 for the three months ended March 31, compared to Rs 53.01 crore in the same period last fiscal.
Total income (net of excise) increased to Rs 538.27 crore for the […]

Punjab Tractors on Tuesday reported 39.7 per cent dip in net profit for the year ended March 31 at Rs 77.98 crore as compared to Rs 129.34 crore in the previous fiscal.
The net profit for the fourth quarter ended March 31, also dropped by 17.4 per cent dip to Rs 17.38 crore as compared to […]

In a bid to position itself as a fun bike maker, Yamaha Motor India is in the process of restructuring its India operations and polishing its image in the country. So far, India has posed to be a “tough nut to crack” for the Japanese motorcycle maker, which globally is the second largest motorcycle manufacturer.
According […]

General Motors India on Monday announced that the company planned to launch a diesel variant of Chevrolet Optra TCDi (turbo-charged common rail direct injection) in luxury segment by next month. “We are in the final stages of bringing the newest member of the Optra family to the market. It will be manufactured at our Halol […]

Tata AutoComp Systems Ltd. and France’s Valeo are in discussions to buy a stake in the New York-listed auto parts firm Visteon Corp., Business Standard said on Monday citing unnamed sources. More
Courtesy:www.indiacar.net

General Motors India on Monday said it will launch a diesel variant of its premium sedan Chevrolet Optra in the first week of next month.
“The common rail diesel variant would be powered by a 2.0 litre engine and would be competitively priced to take-on competition,” General Motors India Vice President P Balendran told the agency.
More
Courtesy:www.indiacar.net

New Delhi Mahindra & Mahindra on Monday announced a new schedule for its open offers to buy 20 per cent stake each in Punjab Tractors and Swaraj Engines.
The timeline for the two separate open offers, which were delayed, have been finalised and now open on May 28 and close for subscription on June 16, the […]