Courtesy:economictimes.indiatimes.com
Archive for December, 2007
Courtesy:economictimes.indiatimes.com
Some 30 new models of vehicles, including concept car A-Star and Splash of Maruti-Suzuki, sports utility vehicle Touareg from Volkswagen and compact car Jazz from Honda, will be displayed there.
Addressing a press conference here on Friday, chairman of the Andhra Pradesh chapter of the Confederation of Indian Industry (CII), Pradeep Dhobale, said that over 2,000 participants were expected to take part, against 1,200 exhibitors in 2006. Read more
Courtesy:www.indiacar.net
Austrian co to pick up 26% stake in Neolite
Published December 31st, 2007 in Uncategorized. 0 Comments“Neolite Industries has inked a joint venture agreement with ZKW- Zizala Lichtsysteme GmbH. ZKW will be taking an initial stake of 26 per cent in existing business of Neolite group, with an option to increase its stake up to 40 per cent,” a company release said.
Under the agreement, all existing automotive lights operations of Neolite would be integrated with the proposed JV company and the existing company would be rechristened ‘Neolite ZKW Lightings Pvt Ltd’, it added. More
Courtesy:www.indiacar.net
Tata wants to retire after Rs one-lakh car launch
Published December 30th, 2007 in Tata Motors. 0 Comments“In an ideal world, after the small car has been launched and is successful, that would be a nice time for me to exit,” Tata told the ‘Financial Times’ newspaper. More
Courtesy:economictimes.indiatimes.com
Kinetic launches new scooter Flyte; to sell 75,000 units
Published December 29th, 2007 in Bikes. 0 CommentsReeling under heavy losses, two-wheeler maker Kinetic Motor Co (KMC) on Friday rolled out its 125 cc gearless scooter Flyte in an attempt to revive fortunes in the 7.8 million unit strong Indian market.
Flyte, which was launched in select North Indian markets two months ago, is the first product to be developed jointly by KMC and its Taiwanese partner Sanyang Motor (SYM). More
Courtesy:economictimes.indiatimes.com
Top two-wheeler maker Hero Honda`s (Q, N,C,F)* third facility is expected to be commissioned on time despite the slowdown in motorcycles market, reports Business Line.
The facility is expected to open within four months and no further delay is likely. More
Courtesy:www.indiacar.net
Bajaj, Renault to decide on low-cost car by Jan end
Published December 29th, 2007 in Bajaj auto, Nissan and Renault. 0 CommentsBajaj Auto and Renault-Nissan are likely wrap up the ongoing feasibility study and joint venture talks on the ultra low-cost car by the end of January. According to auto industry sources, the talks are progressing and there have been some ‘high-level’ visits from both sides.
“The final decision will come by the end of January,” said a top source. The discussions between Renault-Nissan and Bajaj Auto cover everything from badging, distribution, sourcing to investments, plant sites and engineering decisions. More
Courtesy:economictimes.indiatimes.com
Yamaha Motor India, the local unit of the Japanese bike maker, will soon see a change of guard with its chief executive officer Tomotaka Ishikawa being transferred to North America.
Yamaha Motor Co global president Takashi Kajikawa will announce the appointment of a new CEO for its India operations when he visits the capital during the Auto Expo next month. More
Courtesy:www.indiacar.net
Tata’s billion-dollar bets face risks: Report
Published December 28th, 2007 in Ford India and Tata Motors. 0 CommentsIndian conglomerate Tata Group, which completed the Corus deal earlier this year, is set to make “more multi-billion-dollar bets” for expanding its global presence, a media report said here on Thursday.
“Early in the new year, the conglomerate’s auto-making arm, Tata Motors Ltd is likely to win its bid for Ford Motor Co’s premium Jaguar and Land Rover brands at a cost of more than two billion dollars,” the Wall Street Journal reported. Read more
Courtesy:www.indiacar.net
Suzuki may cut prices to counter Tata’s dream car
Published December 28th, 2007 in Tata Motors and Maruti Suzuki. 0 CommentsSuzuki Motor Corp, facing growing threats to its 50 per cent share of India’s car market, may cut the price of its cheapest car in the country to counter Tata Motor’s proposed Rs 1,00,000 ($2,500) car.
“We will have to do at least that,” Shinzo Nakanishi, Managing Director of Suzuki’s local unit, Maruti Suzuki India Ltd, said in an interview at the company’s head office in Hamamatsu, Japan, yesterday. Suzuki’s cheapest car in India, the Maruti 800, now costs from Rs 192,124 in New Delhi showrooms, according to Maruti’s Web site. More
Courtesy:economictimes.indiatimes.com
