Archive for February 8th, 2008
M&M slows down Ingenio to add more features
0 Comments Published February 8th, 2008 in Mahendra&Mahendra.
Mahindra and Mahindra’s (M&M) multi-utility vehicle Ingenio , the most ambitious project after Scorpio, has been delayed by a few months.
Ingenio was earlier scheduled to be unveiled at the Auto Expo in January. Now it will hit the market later this year as M&M is re-working its interior and safety features. […]
Tata Motors’ Nano, easily the world’s most talked-about car these days, will make its international debut at the 78th Geneva Motor Show in the first week of March.
The five-door hatchback that costs just Rs 100,000 ($2,500), making it the world’s cheapest, was unveiled in January this year at the Auto Expo here. More
Courtesy: […]
Auto majors eye sourcing pact with Argentum
0 Comments Published February 8th, 2008 in Hyundai Motors.
A couple of European and Asian auto majors including Peugeot-Citroen of France are in talks with Argentum Motors to manufacture components and cars, it is reliably learnt.
The partnership will involve joint sourcing for domestic and global requirements and assembly operations. Argentum Motors was set up by Hyundai Motors India former president BVR Subbu, SpiceJet promoter […]
Reva Electric Car Company Pvt Ltd ( RECC) will launch one more electric car by the end of 2008. The company also said that it would launch one new vehicle and one variant every year, starting this calendar year, in the growing electric vehicles market which is witnessing entry of multiple players.
Last year, Reva forayed […]
The body structure of the new Rs one lakh Tata Nano car will be built by NRI industrialist Lord Swraj Paul-owned Caparo Group.
Selected inner structural panels will be pressed and assembled by Caparo at a new facility in Singur, adjacent to the Tata Nano manufacturing plant in West Bengal. Read more
Courtesy:economictimes.indiatimes.com
Government mulls lower taxes for hybrid cars
0 Comments Published February 8th, 2008 in Uncategorized.You may soon have to pay less to have a “green” car. And more to drive fuel-guzzling SUVs. Vehicles not meeting upcoming fuel efficiency standards could face increasing excise duties — besides higher parking fees — while those which adhere to norms could enjoy much lower rates. Read more
Courtesy: economictimes.indiatimes.com
Hero Honda requests tax incentives for 2-wheeler industry
0 Comments Published February 8th, 2008 in Bikes.With the two-wheeler industry going through one of the worst phase in the recent past, country’s largest bike maker Hero Honda Motors today has asked the government to streamline the corporate tax rate for the sector ahead of the Budget.
The company also said that the government needed to consider lowering interest rates and ensure easy […]