Ouchmytoe Auto

It would be one of the last industrial units to shift out of the clogged metropolis of Mumbai. Leading tyre maker Ceat, an RPG group company, is moving out lock, stock and barrel to Patalganga, around 60 km away from Thane in Maharashtra.
This would involve relocating a 3,000-strong workforce, with the company planning to sell […]

Bajaj Auto Ltd., India’s No. 2 motorbike maker, plans to make 20,000 new motor bikes in September and raise output beyond 50,000 in December or January, its managing director said on Thursday.
Bajaj, which is in preliminary talks with French car maker Renault on making “very competitive” vehicles in India, is betting a new motorbike will […]

Scooters India announced that loss for the quarter ended in June 2007 widened. During the quarter, the company experienced a 94.64% rise in loss to Rs 54.5 million from Rs 28 million in the same quarter last year.
Net sales for the quarter rose 11.97% to Rs 287.70 million from Rs 256.95 million for the quarter […]

VST Tillers Tractors reported a steady growth in net profit for the quarter ended June 2007. During the quarter, the company experienced a 11.16% rise in profit to Rs 24.90 million from Rs 22.40 million in the same quarter last year.
Net sales for the quarter climbed 9.14% to Rs 376.10 million compared with the corresponding […]

Bajaj Auto on Thursday announced a breakthrough with the launch of a new engine for its new two-wheeler range which the company claims gives a mileage of 109 km per litre under ideal test conditions.
The company will launch a new model `Exceed’, powered by the new engine, in September, Bajaj Auto Managing Director Rajeev Bajaj […]

Competent Automobiles registered a 7.76% growth in net profits to Rs 10.83 million for the quarter ended June 2007, as compared with Rs 10.05 million for the corresponding quarter last year.
Net Sales for the quarter rose 9.56% to Rs 1,234.63 million, as compared with Rs 1,126.86 million for the corresponding quarter last fiscal. More
Courtesy:www.indiacar.net

The overall automobiles sale in the country declined by 6.36 per cent in July as motorcycles continued to slide despite scooters and passenger cars posting double digit growth.
According to figures released by Society of Indian Automobile Manufacturers (SIAM), overall domestic vehicle sales dipped to 6,83,684 units in July this year as against 7,30,194 units in […]

Auto parts maker A K Minda Group on Wednesday entered into a joint venture with Japan’s Furukawa Electric Co for manufacturing four-wheeler components to cater to Japanese carmakers in the country.
The joint venture, Minda Furukawa Electric Pvt Ltd, in which the Japanese partner will have 51 per cent stake and the rest with the Minda […]

Mitsubishi Heavy Industries India on Thursday said it has invested Rs 50 crore to set up a new plant in Tamil Nadu’s Vellore district to double production capacity in gear cutting tools.
The new plant had come up at a cost of Rs 50 crore, the company’s Managing Director Hidetawa Horioko told reporters here. More
Courtesy:economictimes.indiatimes.com

Announcing the start of its third phase of growth in India, country’s largest carmaker Maruti Udyog Ltd on Wednesday said competition will intensify in its bread and butter segment - compact cars.
Maruti Udyog Managing Director Jagdish Khattar said in the company’s annual report the macro-economic environment continued to transform marked by rapid growth, higher purchasing […]