Ouchmytoe Auto

Mahindra and Mahindra and Mukesh Ambani-owned Reliance Ports and Terminals have funded a US-based company LocaModa, reports Business Line.
LocaModa, a developer of location-based SMS service, raised USD 6.18 million in its first round of funding. The company`s solution enables interactivity between mobiles and out-of-home networks via the web. Its shareholders include Mahindra & Mahindra, Reliance […]

In a bid to capture higher market share, Suzuki Motorcycle India Pvt Ltd plans to invest about Rs 150 crore in the next one year mainly on product development and expansion of its current facility. This would be part of Rs 700-crore investment announced by the company till 2010.
Speaking at the launch of its first […]

Japanese auto giant Honda — which is recalling over 1.8 lakh units of its luxury sedan Civic globally — on Sunday said it was studying whether the model sold in India too had defective wheel-bearing seal before deciding on the same strategy here.
“We have recieved a notice for a global recall. As far as we […]

It had been speculated earlier, but it was confirmed on Tuesday. Tata Motors, India’s largest commercial vehicles maker, said its executive director Praveen P Kadle has stepped down from his position and taken over as managing director of Tata Capital, a new financial services company in the Tata group. C Ramakrishnan, currently a vice-president in […]

Eyeing the projected 15 per cent growth in the luxury car market segment, DailmerChrysler India Pvt Ltd, makers of Mercedes-Benz cars, has decided to set up a new plant in Pune to enhance its manufacturing capacity.
“We want to participate in this growth and hence have decided to add up to the existing capacity and so […]

Here’s a caveat for all new launches from Motown. Almost 45% of buyers of recently launched car models tend to evaluate at least another new vehicle model during the shopping process, more frequently than buyers of models (37%) that have been in the market for two or more years.
And while price remains a major driver […]

‘Maruti Suzuki still top brand of choice’
Mumbai, Nearly 45 per cent of buyers of recently launched vehicle models tend to evaluate at least one other new vehicle model during the shopping process, compared to buyers of models that have been on the market for two or more years (37 per cent), according to a JD […]

Ford Motor Co’s Indian unit expects local sales to pick up despite higher interest rates, but warned that poor roads and infrastructure may deflate hopes of a boom in automobile production.
Ford makes the Ikon, Fusion and Fiesta sedans and assembles the Endeavour sport utility vehicle at its plant outside southern Chennai city. It sold nearly […]

Suzuki Motorcycle aims to double its annual production capacity in India to 3.5 lakh two-wheelers by 2010, senior company officials said on Tuesday.
Suzuki Motorcycles India, a subsidiary of Japan’s Suzuki Motor Corporation, currently has a capacity to manufacture 1.7 lakh at its Gurgaon plant.
This capacity is expected to be scaled up to 2.2 lakh units […]