Courtesy: economictimes.indiatimes.com
Archive for April, 2008
Courtesy: economictimes.indiatimes.com
“We are still considering it (acquiring Valeo) but we are not very sure whether we will be able to close it or not,” Ashok Leyland Chief Financial Officer K Sridharan told reporters on the sidelines of the CFO Asia Summit here. Read more
Courtesy: economictimes.indiatimes.com
Fiat signs agreement to buy Zastava car plant in Serbia
Published April 30th, 2008 in Fiat India. 0 CommentsIn Serbia, Economics Minister Mladjan Dinkic said the deal envisages an investment by Fiat of up to euro700 million (US $1 billion) in the plant for the production of 200,000 cars over the next several years. More
Courtesy: economictimes.indiatimes.com
Rubber prices, which make up 60 percent of the cost of tyres, have risen more than 22 percent in 2008, according to Rubber Board data. Natural rubber rose on a tight supply, while high crude oil prices pushed up synthetic rubber. Read more
Courtesy: indiacar.net
Renault-Bajaj small car in first half of 2011
Published April 30th, 2008 in Bajaj auto and Renault. 0 CommentsThe head of French automaker Renault, Carlos Ghosn, said on Tuesday the group was maintaining its 2008 growth targets but warned the next few months would be difficult in an “unfavorable environment.”
“We’re sticking to our objectives of a 4.5 percent operating margin for 2008… and we are maintaining our volume growth projection of more than 10 percent,” Ghosn told a Renault shareholder general assembly. Read more
Courtesy: economictimes.indiatimes.com
Mahindra & Mahindra enters spares, used-car markets
Published April 28th, 2008 in Mahendra&Mahendra. 0 CommentsAuto major Mahindra & Mahindra is expanding its presence in the after-market sector. M&M has announced a complete after-market vertical which will consolidate its three business units; Mahindra First Choice services (multi-brand service chain), Mahindra First Choice (for purchase and sale of pre-owned vehicles)and Mahindra Spares Business (for both Mahindra and Non-Mahindra spares). Read more
Courtesy: indiacar.net
Toyota gets approval for supplying ‘Innova’ to govt dept
Published April 28th, 2008 in Toyota India. 0 CommentsCar manufacturer Toyota Kirloskar Motor Pvt Ltd on Monday said it has received an approval for supplying its multi-utility vehicle Innova to the government.
“The Government of India has accorded the Directorate General of Supplies & Disposals (DGS&D) rate contract for the Toyota Innova 2.5 E seven and eight seater diesel versions,” Toyota Kirloskar Motor (TKM) said in a statement. More
Courtesy: economictimes.indiatimes.com
Mahindra setting up service outlets at Rs 250 cr
Published April 28th, 2008 in Mahendra&Mahendra. 0 CommentsAuto major Mahindra & Mahindra Ltd will invest Rs 250 crore in three to five years in setting up a chain of multi-brand service outlets.
This was announced on Monday at the launch of Mahindra?s new business vertical which consolidates its after-market business, mainly servicing, sale of pre-owned cars and spares business.
The company is planning to launch about 700 multi-brand service outlets under the brand name Mahindra First Choice Services Ltd across the country in 10 years. Read more
Courtesy: indiacar.net
Get ready to pay more for your dream car
Published April 27th, 2008 in Honda India and Maruti Suzuki. 0 CommentsYour dream car is getting costlier. While car makers are increasing prices in May, financiers are hiking interest rates, leading to a steep increase in the cost of possession.
The increase may be in the range of Rs 4,000 for small cars to Rs 18,000 for deluxe ones. An increase in interest rates will result in an extra Rs 3,600 burden over a five-year finance deal for a Rs 1-lakh loan. Read more
Courtesy: economictimes.indiatimes.com
Hero Honda has worked out a major expansion strategy for the rural markets and is planning to strengthen retail financing to support the initiative, that could lead to setting up of its own finance arm.
Pawan Munjal, MD of Hero Honda, told TOI that rural market would be a special focus area for the company as it is looking at new growth areas to maintain sales momentum in a shrinking market . “We have created a special ‘rural vertical ’ to push growth and this would spearhead our expansion in the rural market,” Munjal said. More
Courtesy: economictimes.indiatimes.com
