Archive for September, 2007

Tatas’ Rs 1 lakh car to sport rear engine

Sunday, September 30th, 2007

Many may find it difficult to digest that Ratan Tata’s billion-dollar empire is getting its biggest buzz from something as mundane as the Rs 1-lakh car. However, for Mr Tata, the last few years have been spent personally overseeing the project which will turn the Rs 1-lakh car dream into a reality.
It’s a project that […]

TAFE, City Union Bank enter into tie-up

Sunday, September 30th, 2007

Tractor manufacturer TAFE today shook hands with City Union Bank over an agreement under which the bank will provide quicker and easier finance for those who buy the company’s tractors.
A farmer could avail himself of a loan paying only 5 per cent of the tractor’s cost upfront. A typical loan arrangement will be for an […]

SUVs drive into C class with new models

Sunday, September 30th, 2007

Scared of tossing your hard-earned profits into your SUV’s fuel tank? It’s a tough decision to switch from economical cars to these expensive gas-guzzlers. But going by what insiders at Tata Motors, Maruti Suzuki, Mahindra&Mahindra (M&M) and International Cars and Motors (ICML) are saying, we might soon see a new crop of hot SUVs giving […]

Discount schemes help Maruti beat interest rate blues

Saturday, September 29th, 2007

Maruti Suzuki India (MSIL) on Friday said various discount schemes coupled with a few launches helped the company offset the impact of high interest rates on its sales during the current fiscal.
“Our discount schemes gave us good numbers this year. There has been an impact of high interest rates on car sales but we have […]

Auto cos offer sops to drive up sales

Saturday, September 29th, 2007

Car makers are offering huge discounts and incentives, while banks are offering lower interest rate packages to lure customers back to the showrooms for the next two months, the peak of the festive season.
Leading the pack is Maruti-Suzuki, which plans to offer a discount of as much as 12% on its prices. Maruti-Suzuki’s chief general […]

Toyota says new fuel-cell car can go further on single tank

Saturday, September 29th, 2007

Toyota Motor Corp. said Friday that its new hydrogen powered fuel-cell car had successfully completed a long-distance road test and was shown to be 25 percent more fuel efficient than earlier versions.
The FCHV vehicle was driven about 560 kilometers (350 miles) on a single fueling and finished with 30 percent of the hydrogen still in […]

Mahindra launches lifestyle SUV Scorpio Gateway

Friday, September 28th, 2007

Mahindra and Mahindra, maker of utility vehicles, on Thursday launched its lifestyle Sports Utility Vehicle (SUV) - Scorpio Gateway.
Gateway is based on the Scorpio platform and sports a grand deck that can carry various equipment and gear as per an individual’s lifestyle needs.
“Scorpio Gateway is a lifestyle offshoot of the Scorpio, which, while retaining its […]

Hyundai Motor launches diesel variant of Getz Prime

Friday, September 28th, 2007

Car major Hyundai Motor India Ltd, on Thursday announced the launch of the diesel variant of Getz Prime.
“The diesel variant will provide the much needed economy for some our customers who travel long distances everyday. More

Courtesy:www.indiacar.net

Small car project is social responsibility: Tata Motors

Friday, September 28th, 2007

Tata Motors today said coming out with the Rs one lakh car is both a social and business responsibility.
“The Rs 1 lakh small car would bring down the carbon dioxide emission,” Tata Motors MD Ravi Kanth told reporters.
Kanth said that the launch of the car cannot be deferred or stopped due to lack of infrastructure.
“Infrastructure […]

‘DaimlerChrysler facing tough time

Friday, September 28th, 2007

The monopoly of DaimlerChrysler India in the luxury car segment is likely to come to an end with a few global majors such as BMW and Audi players entering the fray. Mr Suhas Kadlaskar, Director (Corporate Affairs) of DaimlerChrysler, said that the company might lose significant market share in the next few years. The luxury […]