Tata Motors, which is planning to produce the world’s cheapest car selling at 1,700 euros ($2,600), also has plans to produce an electric-drive version, according to a German press report. Read more
Courtesy: economictimes.indiatimes.com
Maruti Suzuki which controls slightly over half of the domestic car market in the country has said that it would design small cars suitable for the Indian conditions as a strategy to beat the stiff competition with the entry of global auto makers.
It would be launching compact cars with more features to meet the needs […]
Toyota Motor Corp will cut its global sales target for 2009, pushing back its goal of becoming the world’s first company to sell more than 10 million vehicles in one year, a report said Thursday.
Toyota, vying with General Motors to be the world’s top automaker, will trim its sales goal for next year to about […]
On the heels of a 14-15 per cent increase in prices in both OE (original equipment) and replacement segments in early August, Falcon Tyres is planning to enhance prices by another 10-25 per cent latest by next month to keep pace with the cost push.
�We have to increase prices in next couple of weeks to […]
India’s fast growing automotive component industry is venturing into new areas like aviation and defence to de-risk their core business of supplying to vehicle makers.
Component companies are trying to insulate themselves from the cyclical nature of the automobile industry and are tapping the high value aviation business and the hugely unexplored defence sector. […]
Hero Honda, the top two-wheeler maker has projected that the two-wheeler industry growth would slide to a single digit in the coming months amid high interest rates and limited availability of finance as against a double digit increase recorded in the first few months of the fiscal.
The company, which makes more than half the two-wheelers […]
General Motors Corp has not even officially put Hummer up for sale yet, and likely buyers are already backing away. Three automakers that held exploratory talks with GM on a possible Hummer sale are now expressing disinterest, meaning only one thing is certain: Hummer is going to be a tough sell. Making vehicles that average […]
City-based tyre manufacturer Dunlop India Ltd is planning a 10 MW captive power plant at its manufacturing unit at Shahgunj in West Bengal, a top company official said here Tuesday.
“We are planning to set up a 10 MW power plant at the Shahgunj factory site on an approximate investment of Rs.500 million within the next […]
Mahindra Renault today announced the launch of its passenger car `Logan’ in Nepal, marking the mid-sized sedan’s overseas foray.
The auto firm is a joint venture between Mahindra & Mahindra (M&M) and France’s Renault SA. The Logan will be distributed in Nepal by Agni Inc, the current distributor of Mahindra vehicles in the Himalayan country, a […]