Archive for July 17th, 2007

Tyre Corp may get a joint venture partner

Ailing Tyre Corporation of India (TCI) may get a fresh lease of life with the government planning to rope in a joint venture partner for the tyre company, reports.

Chanchal Pal Chauhan. The prospective partner will not only bring in the latest global technology, but also provide pan-India marketing support for products to be launched. More
Courtesy:www.indiacar.net

Excise cut may make low-floor buses cheaper

The government is actively considering a proposal to halve excise duty on low-floor buses by 8% in a bid to promote these vehicles in public transport.

This move could benefit bus makers like Tata and Volvo who are hoping to cater to the growing urban transport market.

Cities like Delhi, Mumbai, Bangalore, Hyderabad, Bhopal and Indore are in the process of replacing the public transport fleet with high capacity low-floor buses. More
Courtesy:economictimes.indiatimes.com

10 helmet-wearers died in Kerala accidents: Minister

As protest is mounting in Kerala from two-wheeler users against helmets being made compulsory, the assembly was told Monday that 10 persons wearing helmets had died of head injuries in recent road accidents.

Replying to questions, Tourism Minister Kodiyeri Balakrishnan said helmets were made compulsory on a directive from the High Court. Police had been directed not to harass two-wheeler riders in the name of helmet checking. More
Courtesy:www.indiacar.net

Tatas’ Rs 1-lakh car may run into Reva’s Green rival by ‘10

It is a green option in the redhot Rs 1-lakh car market. According to sources in the auto industry, Bangalore-based Reva Electric Car Company is joining the likes of Tata and Renault in developing a cheap small car positioned below Maruti 800. India’s lone electric vehicle maker is believed to be developing a small car based on its Reva platform.

When contacted by ET, Reva Electric Car Company’s deputy chairman Chetan Maini said, “We have no concrete plans to enter the Rs 1-lakh car segment in the immediate future . However, the Rs 1-lakh car segment has a huge potential and we see electric vehicles being developed for the segment in the next five years.” More
Courtesy:economictimes.indiatimes.com

Ashok Leyland, Siemens VDO in JV

Ashok Leyland Ltd, India’s second-biggest bus and truck maker, said on Monday it had signed a joint venture deal with components supplier Siemens VDO Automotive AG.
More
Courtesy:www.indiacar.net

Gr Noida joins F1 bandwagon

The Indian Olympic Association (IOA) seems to be working in true earnest towards making the dream of hosting a Formula One race in 2009 come true.

Since the last few months, quite a few places have been deemed ‘potential’ areas to build a race track.

And the latest to join the bandwagon is Greater Noida. IOA had sent in a request to the authorities of Greater Noida and they have responded by identifying a 700 acre area for the 5-km race track, which is quite close to the Taj Expressway and 8 kms away from Greater Noida.
More
Courtesy:auto.indiatimes.com

Bigger ‘n’ brawnier SUV mart

Westerners may be beginning to realise that gigantic gas-guzzling trucks (as they often refer to SUVs) are better suited for that occasional fling and a more fuel-efficient vehicle would suit the their daily routine better. However, fuel efficiency is the last thing on the mind of the affluent and hungry Indian auto buyers. More
Courtesy:auto.indiatimes.com

Driving the new iteration of Fiat’s classic 500

So, you put in lots of green mint toothpaste, which goes to the brakes, which in turn powers the car? Sheer genius!’ ‘How much power should it have? 22,000 horsepower? Perfect.’ ‘Talcum powder mixed into the paint? That way the car will smell nice and fresh? Wow, you’re quite something!’ ‘You’re saying we should make it run on water? Brilliant! It’ll be a smash hit.’ These were some of the inputs that the new (Nuova) Fiat 500’s designers gave to Sergio Marchionne, the Fiat group’s CEO and the man who, along with the dashing Luca de Montezemolo, transformed Fiat from a badly hobbling giant into a muscular 100 metre sprinter. With out-of-the-box innovations like these, is it any wonder? More
Courtesy:www.bsmotoring.com

TVS to invest $100 mn in Indonesian plant

Chennai-based two wheeler company TVS Motor Co on Monday said it will scale up investment in its Indonesian plant to $100 million in the next three years as it aims to increase localisation levels in the South East Asian country. More
Courtesy:economictimes.indiatimes.com

Tata ventures into Saudi Arabia cars market

Indian carmaker, Tata Motors, have ventured into Saudi Arabia’s passenger car market with the launch of its three car models.

Tata had launched its 2008 models of Tata Indica, Tata Indigo and Tata Marina, which conforms to all safety, quality and reliability specifications of the Kingdom, at a price range of SR30,000-35,000, Arab News reported. More
Courtesy:economictimes.indiatimes.com


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