Take Mahindra-Renault’s mid-size offering Logan, which was recently launched in two new variants as a reaction to this demand. Positioned at the entry level of the C segment, the car’s petrol variants are priced in the range of Rs 4.27 lakh to Rs 5.68 lakh and the diesel variant is tagged at Rs 6.43 lakh. “Nearly 63% of our Logan sales have come in from the top-end variant.
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Courtesy:www.indiacar.net
Archive for July 2nd, 2007
Buyers ignore rate heat to drive top-end car variantsAdd to Clippings
Published July 2nd, 2007 in Launches, Mahendra&Mahendra and Renault. 23 CommentsVolvo joins global drive for Indian components
Published July 2nd, 2007 in DaimlerChrysler India and volvo. 20 CommentsThe company has placed orders worth e80 million with a clutch of top notch Indian auto-component firms in key locations for calendar 2007. More
Courtesy:economictimes.indiatimes.com
Tech Mahindra eyeing China, Europe and Latin AmericaAdd to Clippings
Published July 2nd, 2007 in Mahendra&Mahendra. 21 CommentsThe Rs 3,000-crore Indian IT services major is looking at setting up centres in China, Europe and Latin America to be in closer reach to the markets as well as to harness the talent pool.
Tech Mahindra recently opened its second development centre outside India at Belfast in Northern Ireland. Tech Mahindra president (strategic initiatives) Sanjay Kalra said the work culture at Northern Ireland is very similar to India and it would be actively engaged in coming out with innovative IT services. More
Courtesy:www.indiacar.net
Courtesy:economictimes.indiatimes.com
Honda plans small car by `09-end
Published July 2nd, 2007 in Honda India, Hyundai Motors, Maruti Udyog, Nissan and Renault. 13 CommentsJapanese automaker Honda Motors is rolling out its small car in India by the last quarter of calendar 2009. “We plan to start our small car venture in India from this plant,” said Satoshi Aoki, chairman, Honda Motor Company, at the foundation stone laying ceremony of its subsidiary’s (Honda Siel Cars India) second facility in Tapukara in Rajasthan.
The car is supposed to counter the likes of Maruti Suzuki Swift and Hyundai Getz, premium-end hatchbacks, as Aoki subtly said, “We cannot make a car without Honda-like characteristics.”
About the viability of making a $3,000 car that Renault-Nissan plans to market in India, Aoki said personally he would be surprised. Currently, the cheapest car that Honda makes is priced at $9,000 with a 660 cc engine that is sold in Japan. More
Courtesy:www.indiacar.net
Country’s biggest truck and bus maker, Tata Motors Ltd, recorded a 2 per cent decline in sales in June as demand for commercial vehicles and cars fell.
Tata Motors sold 44,317 commercial and passenger vehicles in India and overseas last month, the Mumbai-based company said in an e-mailed statement on Monday. Tata Motors didn’t provide comparative sales number for the previous year. More
Courtesy:economictimes.indiatimes.com
Sales of the country’s second-largest two-wheeler maker, Bajaj Auto, dipped in double digits for the third consecutive time in each of the first three months of the current financial year.
The company sold 162,253 motorcycles, down by 12 per cent over 183,549 motorcycles sold during the same month in the previous year.
The total two-wheelers (scooters included) sold in June 2007 were 164,758 units (including exports) against 188,231 units sold in June 2006. More
Courtesy:www.indiacar.net
TVS Motor Co Ltd, India’s third-biggest motorbike maker, said on Monday it sold 107,117 units in June, down 15 per cent from 126,290 units sold in the same month last year.
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Courtesy:economictimes.indiatimes.com
