Aiming to sell 10 lakh units in the current fiscal, Honda Motorcycle & Scooter India on Monday launched its new 125 cc sports bike in the country priced between Rs 47,070 and Rs 51,655 (Ex-Showroom, Delhi).
“We plan to achieve a sale of one million units in the current fiscal and the launch of this new [...]
The world’s biggest steel company, ArcelorMittal, wants to raise prices for car makers by about 60 per cent owing to a spike in cost of raw materials, a press report said on Monday.
“Our cost increases correspond to this level. We are looking at progressive steps to adapt the price while avoiding a large and painful [...]
Ford Motor Co has had exploratory talks with French automaker Renault SA to sell Volvo, but the talks ended quickly due to price differences, sources familiar with the matter told reporters.
The two parties have spoken again after their initial discussions, which were held last fall, the sources said. Ford has also had talks with China’s [...]
Toyota Motor Corp plans to begin building and selling a hybrid version of its Camry sedan in China in 2010 in anticipation of growing demand for environmentally friendly vehicles, a business daily reported on Tuesday.
Toyota, which leads the auto industry in gasoline-electric hybrid technology, is rapidly ramping up production of the fuel-efficient vehicles to meet [...]
TVS Motor Company on Monday reported a 16 per cent drop in sales for 2007-08, over the previous year. The company?s turnover of last year was Rs 3,920 crore, compared with Rs 3,291 crore in the previous year.
Profit before tax for last year was Rs 35.37 crore as against Rs 90.85 crore for the previous [...]
As the world rues high fuel prices, the man behind India’s first battery driven car Chetan Maini says electric cars will overtake their gasoline and diesel-powered counterparts over the next 15 years.
“If the oil prices keep rising at this pace, it could even happen much earlier,” Maini, who is now deputy chairman and chief technical [...]
Kinetic Engineering on Monday said it will start supplying component for Tata Motors’ small car project within the next two months.
“Successful and speedy completion of the facilities expansion for manufacture of transmission gears for the Nano is our key focus at this time. We will begin supplying component to Tata Motors’ small car project within [...]
As Tata Motors gears up to roll out Nano by Durga Puja, country’s largest car maker Maruti Suzuki is confident that the Rs one-lakh wonder will be of no competition to it.
“It (Nano) increases the market size but it will not cut into the market of people who are buying cars that are in the [...]
Tata Motors on Saturday said its ambitious small car Nano is seeing a huge global interest with enquiries pouring up for setting up plants from countries like the US, Latin America, Europe and South East Asia.
“Nano has received enquiries for setting up plants and distribution networks from countries from US, Latin America, Europe and South [...]
Homegrown auto major Mahindra & Mahindra’s used car business arm FirstChoice Wheels plans to invest Rs 200 crore in the next five years for its expansion while its looking to go public in the coming three years.
“By 2013 our plan is to have 300 outlets with presence in 92 cities. This could entail an investment [...]
Tata Motors’ small car project in Singur in West Bengal has incurred a cost overrun of Rs.3 billion ($71.4 million), the company’s managing director Ravi Kant said Saturday.
“The entire project had been reworked and we are investing Rs.20 billion in Singur now, which was earlier estimated at Rs.17 billion,” Kant said after meeting West Bengal [...]
The Federation Internationale de l’Automobile (FIA) has informed the Federation of Motor Sports Clubs of India (FMSCI) that it will formally take over the activities of conducting motor sports in India from July 1, ?place of the derecognized Motor Sports Association of India (MAI).
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Courtesy: www.indiacar.net
Kesoram Industries has decided to borrow Rs 1,400 crore in the next one year.
Mr B.K. Birla, Chairman, said here that the shareholders had passed an enabling resolution to raise the borrowing limit by Rs 1,000 crore to Rs 3,000 crore at the annual general meeting.
Mr S.K. Parik, Director of Kesoram, said, with lending rates hardening [...]
Toyota Motor Corp said on Friday it may need to consider raising the prices of its passenger vehicles in the future due to surging raw materials costs, though fierce global competition would make such a move difficult.
“Our basic principle is to continue to work on cost reductions within the company first,” said Toyota spokesman Paul [...]
Argentum Director and former Hyundai President, Mr B V R Subbu, along with 18 investors has ventured in to a new business by forming a joint venture company, Altius Auto World in collaboration with a 1.83 billion Japanese group Gulliver International. The new company would offer after sales and service support for high end luxury [...]