Atul Auto disclosed a good increase in standalone net profit for the quarter ended June 2008. During the quarter, the profit of the company rose 22.22% to Rs 4.40 million from Rs 3.60 million in the same quarter last year. Read more
Courtesy: indiacar.net
Domestic car sales registered a negative growth for the first time in nearly three years with July sales posting a 1.71 per cent decline as compared to the same month last year, while total two-wheeler managed to clock a positive 19.47 per cent.
Society of Indian Automobile Manufacturers (SIAM), which released the figures today, attributed the […]
Auto industry veteran BVR Subbu’s Altius Autoworld’s new venture has run into a roadblock as current FDI norms don’t allow multi-brand retailing. Altius, a company co-founded by Mr Subbu’s Argentum Motors, had formed a JV with Japan’s Gulliver International to service high-end luxury cars and commercial vehicles through a multi-brand retail outlet. The JV aimed […]
Bike maker Hero Electric has decided to foray into overseas market starting with exports of e-bikes to SAARC countries this year and also plans to set up a new greenfield assembly unit.
“We have plans to export 4,000-5,000 units of bikes this year to SAARC countries to tap overseas markets,” Hero Electric Managing Director Naveen Munjal […]
Motown’s almost three-year-long growth drive is over. The car industry slipped into negative terrain as sales dipped 1.71% to 87,724 cars this July, down from 89,250 cars in the same month last year.
Reeling under the double whammy of high inflation and credit squeeze (as the Reserve Bank of India curtails money supply to stem retail […]