Courtesy:www.indiacar.net
Archive for January, 2008
Eicher Motors to hive-off commercial vehicle arm
Published January 31st, 2008 in Eicher motors. 0 CommentsCourtesy:www.indiacar.net
Tatas may have to pay more for Jaguar, Rover
Published January 31st, 2008 in Tata Motors. 0 CommentsJLR’s top-gear performance in 2007, which helped Ford’s marquee umbrella Premier Automobile Group (PAG) clock a pre-tax profit of $504 million, may push up valuations even as Tata Motors enters the final lap in the bidding process. More
Courtesy:economictimes.indiatimes.com
Volvo Bus Technologies Pvt. Ltd, the new joint venture, has also been identified as a sourcing hub for buses for South-East Asia, West Asia and African markets, said Mr Hakan Karlsson, President, Volvo Bus Corporation. More
Courtesy:www.indiacar.net
Ford, Tata said to be closing in on deal
Published January 31st, 2008 in Ford India and Tata Motors. 0 CommentsThe deal is likely to be announced in February, perhaps as early as next week, but could be as late as the Geneva Motor Show in early March, the person said.
Ford Chief Financial Officer Don Leclair said last week the company does not plan to keep a stake in the storied British automakers. More
Courtesy:economictimes.indiatimes.com
Bajaj Auto (consolidated) net drops 16.60% in Dec`07 qtr
Published January 31st, 2008 in Bajaj auto. 0 CommentsBajaj Auto, on consolidated basis, registered 16.60% drop of in net profit for the quarter ended December 2007. During the quarter, net profit stood at Rs 2,738.20 million as against Rs 3,283.50 million in the quarter ended December 2006.
Net Sales & Income rose marginally 2.83% to Rs 26,960.30 million for the quarter ended December 2007 from Rs 26,332.60 million for the same period, last year. More
Courtesy:www.indiacar.net
World’s largest premium carmaker BMW is ready to compete with Mercedes head-on in the fast growing Indian luxury car market with plans to overtake its German rival in the coming few years.
“We have far exceeded our performance in India with 1,387 units sold last year. As we get closer to Mercedes, you can imagine we have in our sight that we want to overtake Mercedes, whether we do it in 2009 or 2010 we will have to see,” BMW Director Region Asia Pacific David Panton told reporters here. More
Courtesy:economictimes.indiatimes.com
Mahindra & Mahindra net up 67.63% in Dec`07 qtr
Published January 31st, 2008 in Mahendra&Mahendra. 0 CommentsMahindra & Mahindra registered a 67.63% rise in net profit to Rs 4,051.53 million for the quarter ended December 2007, compared with Rs 2,416.90 million for the same quarter, a year ago. More
Courtesy:www.indiacar.net
Wearing of helmet will become compulsory for two-wheeler riders in the Union Territory of Puducherry in the next two weeks.
Announcing this, Senior Superintendent of Police (Law and Order), Chhaya Sharma, told reporters here Tuesday that there was a directive from the Centre that necessary orders be issued to make wearing of helmets by two-wheeler riders. Read more
Courtesy:www.indiacar.net
Piaggio India launched its four-wheeler cargo vehicle, ape truck, here on Tuesday. At the launch, Mr Pravin Parab, Deputy General Manager (Sales), said the company wants to sell 5,000 sub one-tonne fourwheelers this year. An exclusive showroom for the vehicle was also inaugurated. Read more
Courtesy:www.indiacar.net
The automobile industry, pounded by higher interest rates on Tuesday expressed disappointment over RBI’s decision to keep rates unchanged saying it would be a challenge to reverse negative growth trend witnessed by the sector without government support.
“The two wheeler and commercial vehicles segment have been affected by high interest rates… The auto sector was looking forward to some changes in the rates,” Society of Indian Automobile Manufacturers (SIAM) Director General Dilip Chenoy told reporters. Read more
Courtesy:www.indiacar.net
