Ouchmytoe Auto

Tube Investments of India, a manufacturer of bicycles, today announced that it might get into the production and sales of electrically powered scooters and motorcycles.
The company?s Chairman, Mr M.M. Murugappan, today told Business Line that the company would amend the object clause of its Memorandum of Association to enable the diversification. He stressed that the […]

After making India its global manufacturing hub for small cars, Korean car maker Hyundai Motor Co (HMC) today said by next year its unit in the country will account for 30 per cent of the company’s international production.
” in India is poised to play an important role not only in India but also in HMC’s […]

If car manufacturers are flooding the market with luxury brands, why should the bicycle industry lag behind? Bicycle companies in India are now focusing on urban markets and are looking to expand their base in the professional and adventure categories.
The bicycle business is flourishing worldwide with the poor and the moneyed classes alike are interested […]

Bajaj Autoplans to set up a development centre in Akurdi near Pune, reports Business Standard.
The estimated cost of the project will be around 1 billion. The project will be completed over a period of next two years.
The centre will offer a platform to upgrade skills and abilities not only for the company employees, but also […]

Bajaj Auto Ltd, the country’s second largest two-wheeler maker, today reported almost flat bike sales during October as it managed to overcome interest rate blues on the back of its newly-launched bike.
The company sold 2,48,307 units during the review month as against 2,51,022 units in the same month last year. Sales were primarily driven by […]

Hyundai Motor Company is not only looking to leverage India?s manufacturing capabilities to expand its presence in the global market and consolidate its presence in the premium compact car segment in the domestic market, but also enhance its research and development carried out from India.
The company on Wednesday unveiled its first car, i10 launched from […]

TVS Motor Co, the country’s third largest two-wheeler maker, today reported a 26.61 per cent dip in motorcycle sales during October as potential customers deferred plans to buy vehicles in the wake of higher interest rates.
Bike sales fell to 67,752 units in October as against 92,328 units in the corresponding month last year. […]

Ashok Leyland plans to invest Rs 40 billion for building capacity, developing products and upgrading technology over the next three years, reports Business Standard.
The company plans to spend around Rs 10 billion in 2007-08. Out of this the company has already spent 35% in first half of this fiscal. The balance will be spent equally […]

India’s largest two-wheeler maker Hero Honda Motors Ltd (HHML) reported a marginal increase in its domestic vehicle sales during October at 3,65,022 units as against 3,63,480 units in the same month last year. More
Courtesy:economictimes.indiatimes.com