Ouchmytoe Auto

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. […]

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 […]

Tata Motors is gearing up for an outright purchase of two luxury car brands—Jaguar and Land Rover—from the Ford Motor Company. This is a departure from the US carmaker’s previous plan to retain a minority stake in these two brands, post sell-off, to ensure their future development.
Sources close to the development said Ford has decided […]

Emkay has recommended a BUY on Ashok Leyland (Q, N,C,F)* (CMP: Rs 37) with a target price of Rs 54.
The analysts at Emkay say that Ashok Leyland reported its Q3FY08 numbers in line with their expectations. Net sales grew by 1.3% YoY to Rs 18 billion backed by spare parts and defense sales and approximately […]

South Korea’s Hyundai Motor Co. is planning to produce a low-cost mini car in India by 2011 to compete with locally produced vehicles such as Tata’s new Nano, a company executive said on Wednesday.
The low-cost, fuel-efficient mini car models will be priced between 3.5 million Korean won (US$3,700; euro2,500) and 5 million won, Cho Won-suk, […]

Maruti Suzuki India Ltd has reported a 24.1-per cent increase in net profit for the third quarter ended December 2007at Rs 467.04 crore as compared to Rs 376.41 crore for the quarter ended December 2006.
The net sales for the third quarter of the current year increased 27.01 per cent to Rs 4,654 crore ( Rs […]