Archive for February 4th, 2008
Diesel cars may be economical and affordable on road, but their sheer non-availability has led to a higher growth of petrol cars in India in the first nine months of this fiscal.
Contrary to popular belief, sales of diesel cars have increased only 8.85% to 1,72,235 units in April-December over the same period last year, while […]
GM may hike stake in SAIC to take on Nano
0 Comments Published February 4th, 2008 in General motors India.
US auto major General Motors is likely to up its stake in its Chinese venture SAIC-GM-Wuling Automobile Co. The growing interest in the joint venture is the result of GM’s strategy to make cheap small cars to compete with the recently show-cased sub-$2,500 Tata Nano.
Wuling is an integral part of GM’s overall growth strategy in […]
Tyre industry seeks changes in inverted duty structure
0 Comments Published February 4th, 2008 in tyres.
Higher raw material prices compared to the cost of importing finished products have compelled the Indian tyre industry to seek a correction in the inverted duty structure and a waiver on certain raw materials not manufactured locally in the upcoming Budget.
Amidst concerns of losing ground to countries such as China and South Korea that currently […]
Hyundai plans compact car with price lower than Santro
1 Comment Published February 4th, 2008 in Hyundai Motors.
Call it the Nano effect, but the lure for cheap compact cars is growing by the day. Hyundai Motors is working on a new compact car that would be priced lower than the ‘Santro’ and could be rolled out within three years.
The South Korean auto major , that inaugurated its second manufacturing plant here, said […]
India’s Bajaj Auto Two Wheeler Sales Down 15 Pct In Jan ‘08
0 Comments Published February 4th, 2008 in Bajaj auto.Bajaj Auto Ltd has reported a 15 per cent decline in two-wheeler sales in January at 1,67,592 units as against 1,97,553 units in the same month last year.
The company said motorcycle sales also declined by 15 per cent during the month at 1,66,492 units as against 1,95,560 units in January previous year.
Three-wheeler sales also witnessed […]
‘No talks with Fiat over sharing JLR technology’
0 Comments Published February 4th, 2008 in Fiat India, Tata Motors.Auto major Tata Motors, currently in talks with US-based Ford Motor to acquire British marquees Jaguar and Land Rover (JLR), on Monday said there was no discussion with partner Fiat for sharing of JLR’s technology.
“Tata Motors, which is engaged in focused and detailed negotiations with Ford on the Jaguar Land Rover business, clarifies that the […]
Karunanidhi invites Korean firms to invest in State
0 Comments Published February 4th, 2008 in Hyundai Motors.About a decade after Hyundai Motor India Limited rolled out its first car from its factory near Sriperumpudur here, the South Korean car major opened its second unit, which would take its annual production capacity beyond the six lakh-mark.
The new plant capacity of three lakh units per annum will be dedicated largely to the Hyundai�s […]