For all petrol heads out there
For the full year, net profit rose 93.38 per cent to Rs 219.3 crore against Rs 113.4 crore. Net sales increased 12.19 per cent to Rs 3,693.9 crore (Rs 3,292.3 crore).
The company cited the increased tyre prices announced last year as the key reason in reflecting higher profitability during the FY 2007-08. The board has recommended a dividend payout of 50 per cent. More
Courtesy: www.indiacar.net
To be made in India, the car is expected to make its debut within two years and will be sold globally, Skoda India Director Thomas Kuehl said. Skoda?s smallest offering is the premium hatchback Fabia, which was launched in India in January. ?Our small car will be launched first in India. More
Courtesy: www.indiacar.net
The two companies plan to spend 20 billion yen ($194 million) to build a plant in Kanagawa Prefecture, south of Tokyo, the Nikkei business daily said. More
Courtesy: economictimes.indiatimes.com
Share prices of tyre manufacturing companies fell on Friday as a fall out of rising crude oil prices.
The rise in the price of natural rubber as well as the price of crude oil affect rubber prices, as synthetic rubber is a crude oil derivative, said analysts.
Despite the Government ban of rubber futures, the price of rubber moved up in today?s market.
More
Courtesy: www.indiacar.net
Italy’s Ducati is gearing up to set the racing circuit on fire. The world’s largest producer of racing bikes is planning to bring motorsports to India and has started preparations to get the MotoGP motorcycling championship here.
Ducati Motor Holding CEO Gabriele Del Torchio told ET, “I have asked MotoGP CEO Carmelo Ezpeleta to bring the Grand Prix event to India. If this event can happen in Qatar, China, Malaysia and Australia, I think India also has a great chance with vast improvements in infrastructure and the F1 circuit plans firming up. If all goes well, we shall have a full-fledged motorcycle racing season in India soon.” Read more
Courtesy: economictimes.indiatimes.com
Nano, Tatas’ small car with a price tag of just $2,500, is already being viewed as a threat to the North America auto market even before its launch in India.
With BRIC (Brazil, Russia, India and China) nations set to overtake them in production this year, North American auto giants may soon face challenge from cheap cars from India and China. More
Courtesy: economictimes.indiatimes.com
Hover Automotive India Pvt Ltd on Friday said it has been appointed by auto major Nissan Motor Co Ltd as its service partner for marketing, sales, after-sales service and dealer development in India. Read more
Courtesy: economictimes.indiatimes.com
The domestic auto market is showing signs of revival thanks to the 4 percentage point cut (400 bps) in excise duty on cars and two-wheelers announced in February. April witnessed a jump of more than 17 per cent in the car segment, while sales in the utility vehicle segment rose by 31 per cent, as compared with the corresponding month last year. Read more
Courtesy: www.indiacar.net
Ashok Leyland (Q, N,C,F)* reported a fall of 2.46% in its vehicle sales (including exports) during April at 5,705 units compared with 5,849 units in the same month of previous year.
More
Courtesy: www.indiacar.net
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