Ouchmytoe Auto

AIG Global Investments, the private equity arm of American International Group (AIG), is putting in close to $20 million in Uniparts, a Rs 500-crore company that specialises in making machinery for the construction and agricultural equipment sector, a niche segment within the auto ancillary sector.
This is AIG’s third investment in the last three months and […]

Automotive light maker Lumax Industries Ltd will invest Rs 200 crore over the next 15 months to modernise its existing plants and setting up three greenfield manufacturing facilities.
Read more
Courtesy: economictimes.indiatimes.com

Automobile companies may not be in for a smooth ride in the next few months — especially when it comes to profitability. While demand might take a turn for the better in the coming year with a long line-up of new models, increasing production costs and competition are expected to keep operating margins under pressure.
Production […]

To support primary and secondary school education at Singur, Tata Motors on Tuesday said it had helped a primary school at Joymollah, near the its small car project site, upgrade its infrastructure.
Company sources said Tata Motors flagged off its education initiative with similar activity at a primary school at Ruidaspara, Beraberi, recently. […]

If the Budget 2008 cuts two-wheeler excise duties, it would leave Tata Motors very unhappy.
According to sources in the auto industry, it is understood that any move by the finance ministry to lower the excise duty “only for two-wheelers” could be seen by the company as a give-in to the “two-wheeler lobby” to cushion it […]

Mahindra & Mahindra Ltd plans to assemble and sell thousands of light pickup trucks annually in the United States by 2010, a top company executive said on Tuesday.
The auto maker also is aiming at selling in the US sport utility vehicles sent as whole vehicles from India, said Pawan Goenka, president of the company’s auto […]

TT electronics Plc on Tuesday said it has secured a contract to supply speed sensors for the Indian conglomerate Tata’s Rs one lakh car, Tata Nano, which is expected to be launched later this year.
However, the financial details of the contract were not revealed. More
Courtesy: economictimes.indiatimes.com

Tata Motors (Q, N,C,F)* is planning to come out with electric and hybrid vehicles in both passenger and commercial segments.
The company is working on blended fuel, partial and complete hybrids, electric vehicles and hydrogen-powered vehicles, some of which could be commercially produced as early as 2011.
More
Courtesy: www.indiacar.net