Archive for June 27th, 2007
Courtesy:www.indiacar.net
Tata`s NOC adds drive to DaimChrys
Published June 27th, 2007 in Tata Motors and DaimlerChrysler India. 0 CommentsA green signal from Tata`s means stiff competition at the top end of CV and luxury bus market in the country. Consequently it will also allow the German company to roll out Mercedes-Benz branded CVs in India. More
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Courtesy:economictimes.indiatimes.com
UTI Bank offering loans for Hyundai customers
Published June 27th, 2007 in Hyundai Motors. 18 CommentsThe minimum amount of loan is Rs one lakh and the minimum and maximum tenure of the loan will be for a period of one year and seven years, respectively, said the release. The maximum Loan To Value (LTV) stands at 85 per cent as per the LTV grid. More
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This could be music to the ears of commercial vehicle owners. Leading auto entertainment players like Kenwood and Blaupunkt are looking aggressively at the commercial vehicles segment in the country. While in-car entertainment has been the focus of leading players, the commercial vehicles space is now being looked at because of higher margins.
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Courtesy:economictimes.indiatimes.com
Bajaj may showcase small car prototype at Auto Expo
Published June 27th, 2007 in Bikes and Bajaj auto. 0 CommentsNew Delhi Bajaj Auto Ltd on Monday said that it is likely to showcase the prototype of its small car at the Auto Expo in January 2008.
“We are working on a prototype for a small car. If it’s an interesting design we will showcase it at the Auto Expo in January next year. It will be like Pulsar on four wheels and not Maruti at half its price,” said Mr Rajiv Bajaj, Managing Director, BAL, reiterating that it would not be a cheap car if and when it materialises.
Amidst speculation that Bajaj would compete with the Tatas’ Rs 1-lakh car, Mr Bajaj said, “We are experimenting with the concept. We are striving to be a good two-wheeler manufacturer and have no intention to get into a segment that we are not capable of doing.” target=new More
Courtesy:www.indiacar.net
‘Indian small car would not rival Logan’
Published June 27th, 2007 in Tata Motors, Mahendra&Mahendra, Nissan and Renault. 0 CommentsCarlos Ghosn, who heads both Nissan Motor Co and Renault SA , said a new, cheap car the partners hope to build for India’s booming small car market will not compete directly with Renault’s Logan.
Ghosn said Nissan and Renault were looking closely at the feasibility of building a $3,000 car in India in a venture with tractor and utility vehicle maker Mahindra and Mahindra that would go head-to-head with Tata Motors Ltd.’s sub-$3,000 “People’s Car” due for launch next year.
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Courtesy:economictimes.indiatimes.com
Bajaj Auto on Monday introduced its 220 cc motorcycle Pulsar DTS Fi model priced at Rs 81,280 (ex-showroom Delhi) and also opened its first ‘probiking’ showroom in North India here.
“The dispatches for the motorcycles have already started for all-India launch of the bike, after it was initially test marketed in Pune earlier this year,” a company official said here. More
Courtesy:www.indiacar.net
Germany’s Robert Bosch GmBH has raised its open offer price by 15 percent to buy an additional 20 percent in its India unit Motor Industries Co. Ltd. (MICO) , managers Citigroup said on Wednesday.
The offer, to buy 6.4 million shares, is now priced at Rs 4,600 ($112) per share, up from the Rs 4,000 announced earlier. More
Courtesy:economictimes.indiatimes.com
