Archive for December, 2007

Harley Davidson to foray into India

Monday, December 31st, 2007

American cult bike brand Harley Davidson may finally hit the Indian roads. In an effort to ease import of all bikes with over 800cc engine capacity, the government has relaxed their testing norms. The director general of foreign trade (DGFT) has now allowed import of all such bikes which have been tested and approved (read […]

Tatas 1 lakh car to be showcased at expo

Monday, December 31st, 2007

The much-awaited Rs. 1 lakh car from the stable will be showcased at Asias biggest automobile exhibition, Auto Expo, scheduled to commence on January 10.
Some 30 new models of vehicles, including concept car A-Star and Splash of Maruti-Suzuki, sports utility vehicle Touareg from Volkswagen and compact car Jazz from Honda, will be displayed there.
Addressing a […]

Austrian co to pick up 26% stake in Neolite

Monday, December 31st, 2007

Automotive lighting manufacturer Neolite Industries on Sunday announced that Austria-based ZKW Zizala Lichtsysteme GmbH will pick up a 26 per cent stake in the company for an undisclosed amount.
“Neolite Industries has inked a joint venture agreement with ZKW- Zizala Lichtsysteme GmbH. ZKW will be taking an initial stake of 26 per cent in existing business […]

Tata wants to retire after Rs one-lakh car launch

Sunday, December 30th, 2007

Head of the Tata Group Ratan Tata would like to retire from active business life after his dream project — the Rs one-lakh car — is launched successfully, a media report said here.
“In an ideal world, after the small car has been launched and is successful, that would be a nice time for me to […]

Kinetic launches new scooter Flyte; to sell 75,000 units

Saturday, December 29th, 2007

Reeling under heavy losses, two-wheeler maker Kinetic Motor Co (KMC) on Friday rolled out its 125 cc gearless scooter Flyte in an attempt to revive fortunes in the 7.8 million unit strong Indian market.
Flyte, which was launched in select North Indian markets two months ago, is the first product to be developed jointly by KMC […]

Hero Honda`s third unit to commission on time

Saturday, December 29th, 2007

Top two-wheeler maker Hero Honda`s (Q, N,C,F)* third facility is expected to be commissioned on time despite the slowdown in motorcycles market, reports Business Line.
The facility is expected to open within four months and no further delay is likely. More
Courtesy:www.indiacar.net

Bajaj, Renault to decide on low-cost car by Jan end

Saturday, December 29th, 2007

Bajaj Auto and Renault-Nissan are likely wrap up the ongoing feasibility study and joint venture talks on the ultra low-cost car by the end of January. According to auto industry sources, the talks are progressing and there have been some ‘high-level’ visits from both sides.
“The final decision will come by the end of January,” said […]

Yamaha India CEO moved to N America

Friday, December 28th, 2007

Yamaha Motor India, the local unit of the Japanese bike maker, will soon see a change of guard with its chief executive officer Tomotaka Ishikawa being transferred to North America.
Yamaha Motor Co global president Takashi Kajikawa will announce the appointment of a new CEO for its India operations when he visits the capital during the […]

Tata’s billion-dollar bets face risks: Report

Friday, December 28th, 2007

Indian conglomerate Tata Group, which completed the Corus deal earlier this year, is set to make “more multi-billion-dollar bets” for expanding its global presence, a media report said here on Thursday.
“Early in the new year, the conglomerate’s auto-making arm, Tata Motors Ltd is likely to win its bid for Ford Motor Co’s premium Jaguar and […]

Suzuki may cut prices to counter Tata’s dream car

Friday, December 28th, 2007

Suzuki Motor Corp, facing growing threats to its 50 per cent share of India’s car market, may cut the price of its cheapest car in the country to counter Tata Motor’s proposed Rs 1,00,000 ($2,500) car.
“We will have to do at least that,” Shinzo Nakanishi, Managing Director of Suzuki’s local unit, Maruti Suzuki India Ltd, […]