2007 December 24 | Ouchmytoe Auto

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Archive for December 24th, 2007

HMSI mulls second facility; to launch new scooter by Feb

Published December 24th, 2007 in Launches and Bikes. 0 Comments

A robust growth in the Indian two-wheeler market may push the manufacturing facility of HMSI beyond the rated capacity to meet a projected demand of 1.2 million units, a development that can necessitate a second production unit by March 2012, a company official said. More
Courtesy:economictimes.indiatimes.com

Nissan plans to bring in Infiniti here

Published December 24th, 2007 in Nissan. 0 Comments

Nissan is eyeing the fast-growing super-luxury segment and is planning to bring its popular Infiniti range to India. The Infiniti brand, famous for its luxury sedans, coupes and sports utility vehicles (SUVs), will be pitted against the DiamlerChrysler and BMW range in India, even as Chrysler, Lexus, Alfa Romeo and Maserati are also expected to hit the Indian market sometime next year. More
Courtesy:economictimes.indiatimes.com

M&M to gain from sale of GM’s truck business

Published December 24th, 2007 in Mahendra&Mahendra and General motors India. 0 Comments

Navistar International’s acquisition of General Motors’ medium-duty truck business will enable Mahindra & Mahindra to access those products as part of their JV arrangement with Navistar subsidiary International Truck and Engine Corporation (ITEC). The GM portfolio includes brands like Kodiak, TopKick and Isuzu T-Series. The deal also covers GMC and Chevrolet brand vehicles in the class 4-8 gross vehicle weight range. More
Courtesy:economictimes.indiatimes.com

Toyota sees 2% rise in 2008 Europe sales ex-Russia

Published December 24th, 2007 in Toyota India. 0 Comments

Toyota Motor Corp <7203.T> expects its sales in Europe excluding the rapidly expanding Russian market to continue growing at around 2 percent next year, a top executive said on Tuesday. More
Courtesy:economictimes.indiatimes.com

Indra Nooyi believes Tatas, like her, will conquer odds

Published December 24th, 2007 in Ford India, Tata Motors and Mahendra&Mahendra. 0 Comments

India-born Indra Nooyi, who beat insurmountable odds before getting to the top job at Pepsico, today hoped that Tata Group would bag the Jaguar-Land Rover deal and pave the way for future overseas deals by Indian firms.

“Pioneers always have trouble. I didn’t have an easy sail either. So, let’s just look at the Tata deal as a pioneering deal, let them go blaze past new grounds. The other deals will happen easily,” she told reporters here. More
Courtesy:economictimes.indiatimes.com

Argentum to infuse Rs 500 cr in Daewoo facility

Published December 24th, 2007 in DaimlerChrysler India, Volkswagen and Renault. 0 Comments

Argentum Motors, the present owners of the erstwhile Daewoo Motors’s India unit in Greater Noida, will infuse Rs 500 crore to modernise the facility over the next 18 months as it gears up to host global commercial vehicle maker Daimler for the latter’s proposed LCV roll out.

The current promoters of Argentum Motors, ex-Hyundai chief BVR Subbu and SpiceJet Director Ajay Singh, plan to start contract manufacturing operations at the facility for which the company is in talks with various international players, including Daimler, Volkswagen, Renault, Citroen and Peugeot, sources close to the company said. More
Courtesy:economictimes.indiatimes.com

M&M out of Jaguar, Land Rover race

Published December 24th, 2007 in Ford India, Tata Motors and Mahendra&Mahendra. 0 Comments

Mahindra & Mahindra has pulled out of the race to acquire iconic British brands Jaguar and Land Rover, which have been put on the block by Ford, citing complexities in the way the deal was structured. The development is expected to strengthen the case for Tata Motors, which is now pitted against private equity firm OneEquity Partners that has roped in former Ford boss Jacques Nasser as an advisor.

Sources close to the negotiations said M&M — though a serious contender in the beginning — decided against pursuing the deal as there were concerns related to Intellectual Propety Rights (IPR) associated with the two brands. “The whole deal was considered to be very complex, prompting the company not to pursue it,” a source said. More
Courtesy:economictimes.indiatimes.com

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