Archive for April 4th, 2008
Volkswagen will increase investments in India by 40%
0 Comments Published April 4th, 2008 in Volkswagen.German auto group Volkswagen AG is increasing its spend in India by around 40 per cent, and will now invest ?580 million against the ?411 million announced earlier in its plant coming up at Chakan near Pune. It is also setting up a vendor park on a third of the 575-acre plot area where suppliers […]
The proposed joint venture between Hero Group and UK’s electric vehicle (EV) firm Ultra Motor for electric two-wheelers is off. The two have decided to part ways within a year of launching co-branded scooters and bikes in India. While the existing technical collaboration cum joint marketing deal has been disbanded, the proposed 50:50 JV announced […]
Tata Motors gets nod to produce ‘eco cars’ in Thailand
0 Comments Published April 4th, 2008 in Tata Motors.
India’s largest vehicle maker Tata Motors has received Thailand government’s approval for setting up a greenfield facility to manufacture “eco cars” at an estimated investment of Rs 760-1,015 crore.
Thailand had invited investment from car makers for manufacturing environment-friendly cars and proposed to give tax benefits subject to certain conditions. Toyota and Mitsubishi too have received […]
GM shows off Volt, progress toward 2010 launch
0 Comments Published April 4th, 2008 in General motors India.
General Motors Corp on Thursday showed off its progress in developing the highly anticipated Chevrolet Volt and detailed its road map for bringing the rechargeable car to the market by 2010, an ambitious timeline challenged by some rivals.
“We are moving with incredible speed,” said Frank Weber, GM’s vehicle line executive in charge of the Volt. […]