Archive for June 26th, 2007
Bajaj Auto (BAL) MD Rajiv Bajaj told ET: “Certainly, we wish to participate in the 800 cc and above segment. We are in talks with Yamaha. We are looking at other overseas partners but I can’t reveal my plans yet.” When asked whether Bajaj would enter the big bike segment in collaboration with Kawasaki as its overseas partner, Mr Bajaj refused to comment.
More
Courtesy:economictimes.indiatimes.com
More
Courtesy:economictimes.indiatimes.com
Volkswagen’s Skoda raises ‘07 forecast on Fabia
Published June 26th, 2007 in Skoda Auto India and Volkswagen. 21 CommentsSkoda estimates deliveries will increase about 13 per cent to 620,000 vehicles from 549,667 units in 2006, Chief Executive Officer Detlef Wittig said in an interview at Skoda’s Mlada Boleslav, Czech Republic, headquarters today.
Wittig in February forecast a 9.1 percent increase to 600,000 vehicles. The carmaker’s six-month sales have gained 15 per cent from a year earlier to 310,000 vehicles, Wittig said, while revenue increased by between 7 per cent and 8 per cent.
More
Courtesy:economictimes.indiatimes.com
“The all new Montero brings to India leading edge SUV technology and features. This car will replace the existing model which was till recently being marketed in India,” said Shinichi Kurihara, general manager of Mitsubishi. More
Courtesy:economictimes.indiatimes.com
Minda close to acquiring 51% stake in Australia co
Published June 26th, 2007 in Uncategorized. 0 CommentsAuto component maker Ashok Minda Group is close to acquiring a 51% stake in Australian company NTS Global for around Rs 70 crore. This will be the group’s third acquisition in the last 18 months. The group is also considering consolidation of its operations into a single holding company.
The new company, to be re-christened as Minda NTS (MNTS), will set-up its greenfield tooling operations in India and another greenfield unit in Germany. Besides catering to Minda’s in-house tooling requirements, the company will also look at servicing other original equipment manufacturers (OEMs). More
Courtesy:economictimes.indiatimes.com
India’s largest truck and bus maker Tata Motors has given a no objection certificate to the world’s largest commercial vehicle (CV) player DaimlerChrysler to manufacture CVs in India. This would allow the German company to roll out Mercedes-Benz branded CVs in India. This would also mean intense competition at the top end of the CV and luxury bus market in the country.
The green signal from Tata Motors follows a long-standing relationship between the two. DaimlerChrysler India holds 6.64% in Tata Motors and according to government guidelines it required a no objection certificate from the Indian company before it could enter the CV segment as a competitor. More
Courtesy:economictimes.indiatimes.com
