The company will foray into retailing, by partnering with Stalwart Homestyles, exporters of home d?c)cor items to international retail chains such as Bloomingdales. More
Courtesy:www.indiacar.net
Archive for October 17th, 2007
New Maruti Zen in great demand in Sri Lanka
Published October 17th, 2007 in Maruti Suzuki. 0 CommentsAssociated Motorways (AWW), the sole agent for Suzuki-Maruti in Sri Lanka has placed orders for Zen cars from the Suzuki manufacturing plant in India following high demand.
Despite the fact that prospects of car sales in Sri Lanka was not attractive as in other countries due to the country’s economic condition, Maruti-Suzuki has found high demand for its latest Zen version. More
Courtesy:www.indiacar.net
Renault, Toyota, Volkswagen hurt as European car sales drop in Sept
Published October 17th, 2007 in Toyota India, Volkswagen and Renault. 0 CommentsNew car registrations fell 1.5% to 1.42 million vehicles from 1.44 million a year earlier, the Brussels-based European Automobile Manufacturers Association said today in a statement. Sales for the first nine months of the year gained 0.7% to 12.2 million. European carmakers are looking east for customers amid sagging demand in home markets. A 9.5% jump in eastern European sales was not enough to make up for September?s 2.1% decline in western Europe, which still accounts for most sales. More
Courtesy:www.indiacar.net
Bengal to set up auto parts hub on 500 acres
Published October 17th, 2007 in Tata Motors. 0 CommentsMr Sen was speaking at an interactive session with a 16-member German delegation from the German Engineering Federation (VDMA). He said that the auto components hub would come up on 500 acres at Guptamoni. More
Courtesy:economictimes.indiatimes.com
Ashok Leyland (Q, N,C,F)* is planning toform a joint venture (JV) with a Black Economic Empowerment (BEE) partner to introduce products like 4×4s and luxury buses in South Africa.
The South African partner will own 49% stake in the new company. The company will run the assembly line plants in Durban and Centurion, near Pretoria. More
Courtesy:www.indiacar.net
Hero Honda to firm up it position in premium segment
Published October 17th, 2007 in Bikes. 0 CommentsLooking to consolidate its share in the performance-driven premium bike segment, country’s largest bike maker Hero Honda Motors (HHML) on Wednesday launched its 150 cc motorcycle - Hunk at a starting price of at Rs 55,000 (ex-showroom Delhi).
Hero Honda Hunk is the company’s fourth offering in the premium bike segment after 156 cc CBZ Xtreme, 150 cc Achiever and 225 cc Karizma. The company presently has 15-20 per cent share in the premium bike segment which is dominated by rival Bajaj Auto with its Pulsar range of motorcycles. More
Courtesy:economictimes.indiatimes.com
Suzuki Motor plans to invest 188 billion yen ($1.6 billion) by the end of 2011 on a third domestic car plant as it has decided to add the production of diesel engines there, the automaker said on Tuesday. More
Courtesy:www.indiacar.net
Toyota to recall 470,000 cars due to defective parts
Published October 17th, 2007 in Toyota India. 0 CommentsToyota Motor Corp said on Wednesday it was recalling more than 470,000 cars in Japan due to problems with the fuel and steering systems in the latest dent to the automaker’s reputation for quality.
The Japanese auto giant will recall 277,074 passenger cars of eight models, including the Crown luxury sedan, produced in Japan between September 1999 and October 2004, the automaker said.
More
Courtesy:economictimes.indiatimes.com
Bajaj Auto has offerred a voluntary retirement scheme (VRS) to its 3,980 workers at its plant at Waluj, near Aurangabad. The scheme, which is open till October 27 and has been formulated at the request of the workers, company officials said, adding that the company will decide how many workers it can release. More
Courtesy:www.indiacar.net
