The 125 cc scooter is based on SYM’s X’pro model bestseller across 62 countries. More
Courtesy:economictimes.indiatimes.com
Archive for October 15th, 2007
Kinetic Motors banks on new products for turnaround
Published October 15th, 2007 in Launches and Bikes. 0 CommentsThe company, through its tie-up with Taiwan-based Sanyang Motors (SYM), today launched the 125 cc gearless scooter Flyte priced at Rs 37,499 (ex-showroom Delhi). More
Courtesy:economictimes.indiatimes.com
Daimler plans commercial vehicle ventures in India, Russia
Published October 15th, 2007 in DaimlerChrysler India. 0 CommentsDaimler has picked a partner for India after months of talks, a newspaper said earlier on Monday, quoting board member Andreas Renschler. More
Courtesy:economictimes.indiatimes.com
Taiwan?s SYM looking to make India an export hub
Published October 15th, 2007 in Launches and Tata Motors. 0 CommentsThe company on Monday rolled out its 125-cc gearless scooter, Flyte targeted at the domestic market.
?We view India as the next step to expand. We hope to grow with the scooter segment. However, in the long run, exports are a possibility since it is easier to ship from India to Europe than from Taiwan or China. We will see the kind of response we get from the consumers. Accordingly, we will plan capacity for domestic market and exports,? said Mr Harrison Liu, Executive Vice-President, SYM, Taiwan. More
Courtesy:www.indiacar.net
Kinetic to set up gear box unit for Tata’s Rs 1 lakh car
Published October 15th, 2007 in Tata Motors. 0 CommentsPune-based Kinetic Engineering Ltd, auto component manufacturing arm of the Kinetic Group on Monday said it will set up a manufacturing unit at Singur to supply gearbox to Tata’s Rs one lakh car.
The company, which will be finalising shortly a Rs 80 crore fund raising plan through instruments, including issue of convertible shares, plans to invest Rs 60 crore on its overall gearbox production capacity hike in the next one year. More
Courtesy:economictimes.indiatimes.com
Valvoline appoints Ricky Ponting as brand ambassador
Published October 15th, 2007 in volvo. 0 CommentsAutomotive lubricants maker Valvoline today said it has appointed Australian cricket team’s captain Ricky Ponting as the company’s brand ambassador.
“Valvoline today stands for superb performance and reliability. More
Courtesy:www.indiacar.net
Nissan-Renault to straddle CV market
Published October 15th, 2007 in Bajaj auto, Nissan, Ashok Leyland and Renault. 0 CommentsNissan Renault will be targeting two ends of the light commercial vehicles market in India with its partnerships with Ashok Leyland and Bajaj Auto. Sources said the French-Japanese auto major will focus on developing low cost and robust models from scratch through the Bajaj alliance while producing Nissan’s existing range of light trucks and buses with Ashok Leyland.
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Courtesy:economictimes.indiatimes.com
The Hero Motors Group is foraying into retailing of high-end lifestyle and home decoration products, by partnering with Stalwart Homestyles, exporters of home d?r items to international retail chains such as Bloomingdales.
The stores have been branded Oma, and will see an initial investment of Rs 40 crore. While two stores were inaugurated on Monday in the Capital, a total of 12 stores will be opened by 2008.
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Courtesy:www.indiacar.net
Apollo may ride Tata’s dream car as after-sales partner
Published October 15th, 2007 in tyres. 0 CommentsTyre major Apollo Tyres is likely to be the after-sales partner for the Tata Rs 1 lakh car. The company is planning to kick off its association with the project as after-sales partner and later graduate to an original equipment arrangement. More
Courtesy:economictimes.indiatimes.com
US carmaker Ford expects to sell its Jaguar and Land Rover UK premium brands in the next two months but does not expect to sell them separately, the head of Ford Europe, John Fleming, was quoted as saying on Monday. “We are well on and in two months at the most we’ll know which of the groups interested in the brands will be their new owner,” Fleming told Spanish newspaper El Mundo.
Fleming also said Ford was still analysing how the sale of its Volvo brand might affect the firm.
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Courtesy:www.indiacar.net
