Archive for June 19th, 2007
Tata Motors desires ‘Magic’ with 2 new vehicles
Published June 19th, 2007 in Tata Motors. 0 CommentsMagic, with a sitting capacity of 5-8 people, has been priced at Rs 2.6 lakh (ex-showroom Pune) while Winger, which has three variants and eleven different sitting arrangements, is competitively pegged at a starting price of Rs 4.7 lakh.
Both the vehicles are initially of diesel versions and the company plans to roll-out CNG versions of Magic and both CNG and petrol variants of Winger later. More
Courtesy:www.indiacar.net
According to industry sources, the company has more or less decided to hike the price of Verna, which was launched in September last year in both petrol and diesel version with introductory prices. More
Courtesy:economictimes.indiatimes.com
GM India launched Optra Diesel sedan in Rajasthan
Published June 19th, 2007 in General motors India. 1 CommentIn a press conference GM India Vice President P Balendran said with the entrance of some modern diesel cars in the market, the bar for comfort and refinement was getting higher. More
Courtesy:economictimes.indiatimes.com
Ford, which lost $12.6 billion last year, has hired Goldman Sachs Group Inc. and Morgan Stanley to arrange the sale, one of the persons said. The plan is known internally as “Project Swift,” a reference to the speed at which Ford wants to make a sale, said the people, who didn’t want to be identified because the talks are confidential. Selling the brands would end a 20-year initiative to expand sales of luxury autos by acquiring European companies. More
Courtesy:www.indiacar.net
India’s top truck maker, Tata Motors Ltd on Monday said it was challenging to maintain margins in the light commercial vehicles segment due to competition and high commodity prices, a senior official said. More
Courtesy:www.indiacar.net
Auto Video: Mercedes-Benz CLS 500, Car Review.
Published June 19th, 2007 in Uncategorized. 0 CommentsTATA Motors, which took on the goods carrier three-wheeler segment with the launch of the Ace about 18 months ago, is now looking to repeat that success with a passenger version of the same vehicle, called Magic.
The world’s second largest heavy bus maker, Tata Motors, on Monday launched two buses for what it calls “last mile travel,” Magic and a larger vehicle, a maxivan called Winger. The latter is derived from Renault’s Traffic. More
Courtesy:economictimes.indiatimes.com
This is back-seat driving at its best. Tata’s small car project has become a big challenge for small component makers across the country, who are pitching into the dream project in bits and parts. Specifically, they are getting to associate with product development from the ground up and pare costs and margins to the bone, relying on expected large volumes.
It isn’t a challenge just for Ratan Tata and his boys, it’s also a formidable task for several small component makers who need to meet stringent cost and quality targets so that the car can be produced for Rs 1 lakh. After all, the success of all stakeholders hinges on the number of cars that will hit the road. More
Courtesy:economictimes.indiatimes.com
JBM Auto on Monday entered into a joint venture with Japanese-based Sumitomo Corporation and Nisshin Steel Corporation to produce auto steel tubes.
As per the joint venture agreement, Sumitomo Corporation and Nisshin Steel would hold 24.5 per cent each with JBM having the majority 51 per cent stake in the estimated Rs 40-crore venture.
More
Courtesy:www.indiacar.net
