Archive for August 21st, 2008

Tata’s Jaguar wins prestigious car award

Thursday, August 21st, 2008

Jaguar has won its first major car award since being taken over by Tata Motors, beating a string of fancied rivals.
The Jaguar XF was Tuesday named Car of the Year by Auto Express, Britain’s largest-selling weekly motoring magazine.
Jaguar’s multi-award winning sports saloon claimed its crown following another victory in the ‘Best Executive Car’ category ahead […]

Tata Motors scraps convertible share issue

Thursday, August 21st, 2008

Tata Motors Ltd, India’s top vehicle maker, said on Wednesday it would scrap a planned Rs 3000 crores($686 million) convertible preference share issue due to weak stock markets and instead raise funds by selling some investments.
However the plan to sell rights shares worth Rs 4200 crores stands, said the company, which is raising money to […]

Mahindra Logan enters Nepal

Thursday, August 21st, 2008

Mahindra Renault, joint venture between Mahindra & Mahindra and Renault, launched the Logan passenger car in Nepal. Nepal is the first international market for the mid-size car. Agni Incorporated Pvt Ltd, the current distributor of Mahindra vehicles in Nepal, will be the local distributor for the Logan. More
Courtesy: indiacar.net

Maruti Suzuki to pump up exports

Thursday, August 21st, 2008

After facing an initial set back in the domestic market, Maruti Suzuki India (MSI) is banking on exports to improve its sales tally, reports Our Bureau in New Delhi. The company aims to export two lakh cars annually by 2010-11 on the back of its fifth international model, the A-Star hatchback, which will hit the […]

M&M may hike tractor and farm equipment product prices

Thursday, August 21st, 2008

Reeling under the pressure of high input costs, auto major Mahindra and Mahindra today said it is likely to increase the prices of its tractors and other farming equipment in the next 3-4 months.
“The prices of raw materials are continuously going upwards and it is affecting our bottomline. Read more
Courtesy: […]