Archive for August 7th, 2008

Toyota’s Lexus is most dependable vehicle: JD Power

Thursday, August 7th, 2008

Lexus once again stands alone atop a closely watched list of vehicle dependability after Buick slipped from the No. 1 spot it shared with the Japanese luxury brand last year, J D Power and Associates said Thursday.
It’s the 14th straight year Toyota Motor Corp’s high-end brand has held the highest ranking in the annual study, […]

General Motors training sights on rural consumers

Thursday, August 7th, 2008

General Motors is now training its sights on India’s rural consumers. The US car major is pumping in big money to set up a massive dealer network to push its popular makes—Tavera, Spark and UVA.
GM recently revised prices of Spark (entry level) in a move which mirrors the company’s global plans to push growth in […]

BMW to launch X6 in India next year

Thursday, August 7th, 2008

BMW, the world�s leading premium car maker, plans to launch X6, its sports cars in the domestic market next year. The company�s India President, Mr Peter Kronschnabl, said while inaugurating its studio, �We should be launching X6 by middle of the next calendar year.�
On its decision to launch MINI here, he said, �We have decided […]

Track event: Mercedes-Benz and BMW head for a close finish

Thursday, August 7th, 2008

The luxury car market is heading for a German finish. The two luxury marques—Mercedes-Benz and BMW—are racing against each other to get the coveted top slot in the segment.
BMW India, on the back of 70% growth in sales, is vying to clinch the top slot from Mercedes-Benz, it’s worldwide bete noire, to emerge as the […]

Vehicle makers rev up financing in risky turn

Thursday, August 7th, 2008

Vehicle makers are stepping up lending to consumers to boost flagging demand for motorbikes, cars and trucks, but the rush to offer funding poses risks for firms in an environment of rising interest rates.
“Offering finance to the ‘right’ type of customer can be difficult even in markets where credit histories are well established, and is […]

Hyundai India defers third shift plan on slowdown fears

Thursday, August 7th, 2008

Country’s second largest car manufacturer Hyundai Motor India Ltd. has deferred a decision to introduce a third shift at its new plant near here, according to a top company official, in the wake of predictions that the Indian auto industry will slow down in the coming months following rising interest and input costs.
“We are watching […]