Eicher Motors said that the board of directors of the company at its meeting held on Jan. 29, 2008, approved transfer of company`s commercial vehicle division (including components and engineering design services) on a `slump sale` and on a going concern basis, to a new subsidiary of the company. More
Courtesy:www.indiacar.net
Tata’s Nano effect seems to be rubbing off on its bespoke targets, Jaguar and Land Rover. But what makes money nearly never comes cheap.
JLR’s top-gear performance in 2007, which helped Ford’s marquee umbrella Premier Automobile Group (PAG) clock a pre-tax profit of $504 million, may push up valuations even as Tata Motors enters the final […]
Volvo Bus Corporation, a group company of the Swedish Volvo Group, has announced the inauguration of its newly built bus body production facility here on Thursday. The facility is a joint venture between Volvo Bus Corporation and Jaico Automobiles of Bangalore. Volvo Bus has 70 per cent stake in the join venture, which had made […]
Ford Motor Company and India’s Tata Motors Ltd are nearing an agreement for Tata to buy Jaguar and Land Rover, according to a person who has been briefed on the negotiations.
The deal is likely to be announced in February, perhaps as early as next week, but could be as late as the Geneva Motor Show […]
Bajaj Auto, on consolidated basis, registered 16.60% drop of in net profit for the quarter ended December 2007. During the quarter, net profit stood at Rs 2,738.20 million as against Rs 3,283.50 million in the quarter ended December 2006.
Net Sales & Income rose marginally 2.83% to Rs 26,960.30 million for the quarter ended December 2007 […]
World’s largest premium carmaker BMW is ready to compete with Mercedes head-on in the fast growing Indian luxury car market with plans to overtake its German rival in the coming few years.
“We have far exceeded our performance in India with 1,387 units sold last year. As we get closer to Mercedes, you can imagine we […]
Mahindra & Mahindra registered a 67.63% rise in net profit to Rs 4,051.53 million for the quarter ended December 2007, compared with Rs 2,416.90 million for the same quarter, a year ago. More
Courtesy:www.indiacar.net
Wearing of helmet will become compulsory for two-wheeler riders in the Union Territory of Puducherry in the next two weeks.
Announcing this, Senior Superintendent of Police (Law and Order), Chhaya Sharma, told reporters here Tuesday that there was a directive from the Centre that necessary orders be issued to make wearing of helmets by two-wheeler riders. […]
Piaggio India launched its four-wheeler cargo vehicle, ape truck, here on Tuesday. At the launch, Mr Pravin Parab, Deputy General Manager (Sales), said the company wants to sell 5,000 sub one-tonne fourwheelers this year. An exclusive showroom for the vehicle was also inaugurated. Read more
Courtesy:www.indiacar.net
The automobile industry, pounded by higher interest rates on Tuesday expressed disappointment over RBI’s decision to keep rates unchanged saying it would be a challenge to reverse negative growth trend witnessed by the sector without government support.
“The two wheeler and commercial vehicles segment have been affected by high interest rates… The auto sector was looking […]