Courtesy:economictimes.indiatimes.com
Archive for October 29th, 2007
Courtesy:economictimes.indiatimes.com
?That is the agreement,? Mr Ghosn said. ?Mahindra Renault will be the front organisation for marketing all Renault products in India and they will be badged Mahindra Renault.? More
Courtesy:www.indiacar.net
Nissan Renault may expand Bajaj tie-up
Published October 29th, 2007 in Bajaj auto, Nissan, Ashok Leyland and Renault. 0 Comments“We are looking for partners for Nissan cars and Renault LCVs,” Mr Ghosn said. “Nissan has signed up with Ashok Leyland for LCVs; so, everything concerning light commercial vehicles for Nissan in India will involve Ashok Leyland,” he said. Read more
Courtesy:economictimes.indiatimes.com
Apollo Tyres Q2 net zooms on stable raw material prices
Published October 29th, 2007 in Apollo tyres. 0 CommentsThe net profit for the second quarter was at Rs 51.1 crore against Rs 19.3 crore registered in the corresponding previous quarter.
The net sales registered a 10 per cent increase during the quarter to Rs 844.31 crore against Rs 767.33 crore in the second quarter of the previous financial year. More
Courtesy:www.indiacar.net
Bajaj ups production of new 125 cc bike
Published October 29th, 2007 in Bikes and Bajaj auto. 0 CommentsBajaj Auto Ltd, India’s No. 2 motorbike maker, said it is raising production of its new 125 cc motorbike to 75,000 units a month from November. More
Courtesy:economictimes.indiatimes.com
Tatas in bid to take over Jaguar and Land Rover
Published October 29th, 2007 in Tata Motors. 0 CommentsLess than a year after it acquired the the Anglo-Dutch steelmaker Corus for 13 billion US dollar, India’s Tata group has set its sight on another pair of iconic British brands — Land Rover and Jaguar.
The Tata group, headed by Ratan Tata, is set for a battle royal with One Equity, the private-equity arm of American bank JP Morgan, over Jaguar and Land Rover, the two British marques that have been put up for sale by Ford.
Second-round bids for the famous brands are due tomorrow and sources said the field, currently comprising six contenders, is likely to be narrowed to two. More
Courtesy:www.indiacar.net
Auto MNCs put new models to safety tests in India first
Published October 29th, 2007 in Toyota India, Volkswagen and BMW. 0 CommentsIndian expertise in the automotive sector is coming handy for global car companies like Japanese manufacturers Nissan, Toyota and Honda and the German luxury car makers like BMW and Volkswagen to test their vehicle performance and get international certification.
These car makers are negotiating with the National Automotive Testing and R&D Infrastructure Project (NATRIP) to take on the rigorous robustness and performance tests of their future vehicles intended for both overseas as well as the Indian market. More
Courtesy:economictimes.indiatimes.com
After it withdrew its imported sports utility vehicle (SUV) Terracan, Hyundai Motors India (HMIL) is planning to phase out its premium sedan Elantra from Indian road due to dwindling sales. HMIL’s Elantra, which never made it to the top in terms of sales since its launch around five year ago, has sold only three cars in September, two in August and nine in July. While its cumulative sales tally for the six months of this fiscal stands at 173 units, the company sold only 14 units in the last three months. These cars were all produced in the last fiscal year as Hyundai has not manufactured a single Elantra this year. More
Courtesy:economictimes.indiatimes.com
Country’s second largest two-wheeler maker Bajaj Auto Ltd (BAL) on Sunday said it has sold 65,000 units of its 125 cc DTS-Si bike XCD within the first 50 days of its launch.
The company claims that 50 per cent of sales are coming from competition. More
Courtesy:www.indiacar.net
KSS buys 50% in Abhishek Auto; plans to invest $20 m in 3 yrs
Published October 29th, 2007 in Toyota India. 0 CommentsKey Safety System (KSS), $1-billion US automotive safety component maker, has taken 50% equity in Delhi-based Abhishek Auto Industries for an undisclosed amount.
KSS — maker of safety components like airbags, seat-belts, inflators, steering wheels and electronic systems — will invest $20 million in the next three years as part of the joint venture with Abhishek Auto. This will help expand its manufacturing operations in India. More
Courtesy:economictimes.indiatimes.com
