Archive for February, 2008

Maruti Suzuki reduces car prices after tax cut

Friday, February 29th, 2008

Leading car maker Maruti Suzuki Ltd Friday announced a reduction in prices of some of its models following Finance Minister P. Chidambaram’s proposal to trim excise duty by four percent.
The prices of all six models that qualify for the lower excise benefit - Maruti 800, Omni, Zen, WagonR, Swift Diesel and Alto - will be […]

Santro on discount for women

Friday, February 29th, 2008

Hyundai Motor India Ltd would offer discount of Rs 14,000 on the automatic transmission model of its Santro model for its women customers in celebration of the International Women?s Day on March 8 and women?s week starting from March 1. More
Courtesy: www.indiacar.net

Small cars to cost up to Rs 16k less; two-wheelers cheaper too

Friday, February 29th, 2008

That the Nano is a reflection of the common man’s aspiration is visible in the fact that even the finance minister has chosen to recognise it in the Budget by way of duty cuts on small cars. But small cars apart, automotive has been one of the few sectors that have found this Budget extremely […]

Maruti?s exports cross half a million

Friday, February 29th, 2008

Maruti Suzuki India Ltd announced that its cumulative exports crossed 5 lakh units. The company said that 1,180 cars were shipped on Thursday from the Mumbai port to various Latin American countries.
Maruti Suzuki, which sells its cars in all five continents, stated that Europe accounted for 56 per cent of its cumulative exports. It […]

Tata, Jaguar & Land Rover deal to be finalised by next week: Report

Thursday, February 28th, 2008

American car-maker Ford is expected to finalise the deal with Indian conglomerate Tata for the sale of luxury brands, Jaguar and Land Rover, by next week, media report here said.
“The two sides, which have been in exclusive talks since the beginning of the year, are expected to sign a deal worth up to two billion […]

Govt should rationalise taxes for the auto sector

Thursday, February 28th, 2008

The final countdown to the Union Budget 2008 has begun and young India is looking forward to it with great expectations. Industry representatives and trade associations have already tabled there ‘wish list’ before the Finance Minister and are now eagerly awaiting for the ‘Budget Day’ to witness what is in store from them in the […]

Ashok Leyland doubles investment in Uttaranchal to Rs 20 bn

Wednesday, February 27th, 2008

Ashok Leyland, (Q, N,C,F)* the flagship company of the Hinduja Group, has decided to double investment in Uttaranchal from Rs 10 billion to Rs 20 billion, reports Business Standard.
Read more
Courtesy: www.indiacar.net

Honda not to make ultra-cheap car

Wednesday, February 27th, 2008

Honda Motor is staying out of the race to develop ultra-cheap cars, hoping motorists in fast-growing markets like India will pay more for safer, greener vehicles, its president said on Wednesday.
Tata last month unveiled a $2,500 car, the world’s cheapest, which is set to hit the roads there by October. French-Japanese partners Renault and Nissan […]

Honda aims to drive sales growth with new Accord

Wednesday, February 27th, 2008

Premium car maker Honda Siel Cars India (HSCI) aims to double sales in the luxury segment with its next generation sedan, Accord, which is set to hit the market this summer.
The new Accord will be high on safety and carry six air bags, the highest in its class. HSCI President & CEO M Takedagawa said: […]

Battery manufacturer Amara Raja opens three ‘Powerzone’ in Haryana

Wednesday, February 27th, 2008

As part of its exercise to expand its retail format in rural areas, Automotive battery manufacturer Amara Raja Batteries has announced to open three ‘Powerzone’ store in Haryana.
These are opened at Cheeka in Kaithal, Narayangarhin Ambala and Faridabad which was inaugurated by Sanjeev Aggarwal, Retail Manager - North, Amara Raja Batteries Limited, said an official […]