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Archive for December 21st, 2007

Bajaj Auto to roll out more efficient 2-stroke bikes

Published December 21st, 2007 in Bikes and Bajaj auto. 0 Comments

Bike and scooter major Bajaj Auto is all set to bring the two-stroke engine bikes back to the Indian market. The legendary two-strokes engine technology, which was launched in the early 1990s (Bajaj Chetak, Kawasaki Bajaj 100), have already been launched in three-wheelers as gasoline direct injection (GDi), which is superior with increased mileage and substantially less emission. The company is likely to customise the GDi technology for its two-wheeler products in the next few months. More
Courtesy:economictimes.indiatimes.com

Maruti ready to risk profit for market share

Published December 21st, 2007 in Maruti Suzuki. 0 Comments

Volumes or margins? India’s largest carmaker Maruti Suzuki India (MSI) has been up against a catch-22 situation for sometime now. More so, with global carmakers like Volkswagen, Nissan, Peugeot, Chrysler and Proton firming up their India plans. Result: MSI is gearing up to consolidate its marketshare even at the cost of profitability. More
Courtesy:economictimes.indiatimes.com

Ford icon winner in New Year

Published December 21st, 2007 in Ford India, Tata Motors and Mahendra&Mahendra. 0 Comments

Ford has unofficially decided on Tata Motors as the preferred bidder for its British crown jewels Jaguar and Land Rover.

However, sources in the auto industry say the Dearborn (Michigan)-based auto major will not officially rule out both M&M and One Equity, the other two bidders in the fray, till the Tatas conclude their negotiations with unions, pension trustees and other stake holders.

Meanwhile, Ford has said there will be no official decision before ?early next year?. When contacted by ET, Ford spokesperson John Gardiner said, ?There will be no announcement till next year. We have finished work and the employees are now on Christmas leave. We anticipate an agreement early next year. That?s partly because no decisions have been made and also because we like to ensure the employees are around when such a crucial announcement is made.? More
Courtesy:www.indiacar.net

Kinetic Engg to raise Rs 100 cr for capex

Published December 21st, 2007 in Bikes. 0 Comments

Powertrain component manufacturer Kinetic Engineering is raising Rs 100 crore through quasi-equity offerings to leading investment houses to part-finance its business plans. The Pune-based two-wheeler major on Friday approved an investment of Rs 30 crore through compulsory convertible preference shares to AIG and is also floating Rs 70-crore foreign currency convertible bonds (FCCBs).

The issue of both instruments has been proposed at a minimum price of Rs 156. Company sources said AIG may subscribe to the FCCB issue, too. Kinetic Engineering has mandated UK-based KBC Financial Products and Kotak Mahindra UK as joint lead managers for the FCCB issue. More
Courtesy:www.indiacar.net

Maruti aims 1/3rd of Suzuki’s global sales

Published December 21st, 2007 in Maruti Suzuki. 0 Comments

Targeting to contribute about one-third of its parent Suzuki Motor’s global sales by 2009-10, Maruti Suzuki India Ltd’s newly-appointed Managing Director Shinzo Nakanishi on Thurdtoday said the company will focus on strengthening research and development for the purpose.

“I believe that Maruti Suzuki is ready to play a much bigger role in Suzuki’s global operations, and my task will be to make that happen,” Nakanishi said a day after he assumed office of Managing Director at the country’s biggest carmaker.

Nakanishi identified strengthening of research and development operations at MSIL to realise its immediate goal of becoming an important aid in SMC’s growth story worldwide. Read more
Courtesy:www.indiacar.net

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