Reva Electric Car Company has launched an advanced version of its electric car, Reva-I which uses AC drive train to give better speed, range and acceleration.
The Reva’s Deputy Chairman and the Chief Technology Officer, Mr Chetan Maini, told a news conference that the technologically advanced car is also equipped with a `boost’ mode for short-term [...]
Maruti Udyog posted 26% increase in net profit to Rs 499.6 crore for the quarter ended June 30, 2007 as compared to Rs 369.57 crore for the same quarter previous year. More
Courtesy:economictimes.indiatimes.com
Hindustan Motors announced that its loss for the quarter ended June 2007 has narrowed by 55% to Rs 91.5 million as compared with a loss of Rs 205.4 million for the quarter ended June 2006.
Net sales for the quarter declined marginally 0.90% to Rs 1,402.00 million from Rs 1,414.70 million for the quarter ended June [...]
Maruti Udyog is planning to change its name to Maruti Suzuki India Ltd. The new name will come into effect only after it is approved by shareholders at the annual general meeting and thereafter by the Registrar of Companies.
In the new name, Maruti continues to have a predominant position. Suzuki, in the corporate name, imparts [...]
The analysts at Networth Stock Broking are of the opinion that Hero Honda posted lower than expected numbers for Q1 mainly due to higher than expected contraction in EBITDA. They asserted that a richer sales mix helped the company post a 3.5% Y-o-Y growth in net sales despite a 3.8% Y-o-Y drop in volumes. The [...]
Gurgaon-based auto component manufacturer Nirmal K Minda group is scouting for an acquisition in the European region. The group also announced that they have entered into a joint venture with the French automotive company Valeo Electrical Systems.
NK Minda group’s managing director Nirmal K Minda said: “We are forming a joint venture with the Valeo Electrical [...]
There’s no denying that India will remain a small car market in the near future, but the way the purchasing power of a few millionaires is zooming up, an entirely new class of high-end customers is getting created. More
Courtesy:auto.indiatimes.com
Crawling through heavy Turin traffic in the new Fiat 500, I start to feel like a celebrity. Italians around me are pointing, staring and giving me the thumbs-up. More precisely, they are giving the new Cinquecento (500 in Italian) the thumbs-up. To these passionate locals, the 500 is no ordinary car. It is a national [...]
Fiat SpA’s net income more than doubled in the first quarter, the company said on Tuesday as it reported record quarterly revenues driven by the success of the flagship Punto model and the recently released Bravo mid-size sedan.
Net income at the Turin-based automaker came to euro593 million (US$819.8 million), up from euro280 million in the [...]
Auto majors Tata Motors and Mahindra & Mahindra have made it to the shortlist of bidders for Ford’s British brands Jaguar and Land Rover.
According to automobile industry sources, officials from Ford Motor have been in touch with both companies, who will now begin the actual process of hiring advisors, starting due diligence and organising factory [...]
Country’s largest motorcycle maker Hero Honda Motors on Tuesday reported a 20.14 per cent decline in net profit in the first quarter ended June 30 as a result of drop in sales.
The company said its net profit stood at Rs 189.84 crore for the first quarter as against Rs 237.74 crore for the same period [...]
Fiat SpA’s net income more than doubled in the first quarter, the company said on Tuesday as it reported record quarterly revenues driven by the success of the flagship Punto model and the recently released Bravo mid-size sedan.
Net income at the Turin-based automaker came to euro593 million (US$819.8 million), up from euro280 million in the [...]
Amidst high interest rates and falling sales mainly in the 100 cc segment bikes, Hero Honda Motor Ltd (HHML) on Tuesday reported a 20.14 per cent decline in its net profit to Rs 189.84 crore in the first quarter of FY 2007-08 against Rs 237.74 crore in the corresponding quarter last fiscal.
The company reported a [...]
Auto component manufacturer N K Minda Group has entered into a joint venture agreement with France’s Valeo Electricals Systems to set up a new starter motor and alternative manufacturing plant in Chakan, near Pune, at an investment of Rs 100-120 crore. More
Courtesy:economictimes.indiatimes.com
Toyota Kirloskar Motor is conducting “Rain Gainâ€, a month-long monsoon campaign across the country. The campaign is aimed at providing a package of periodic maintenance and monsoon related service parts and a free 20-point vehicle check to the customer. More
Courtesy:www.indiacar.net