Tata Motors? ambitious eco-car project in Thailand is understood to be on the back-burner for now. According to sources in the auto ind ustry and local media reports in Bangkok, the company has temporarily dropped the decision to acquire a site for its greenfield plant, due to the tough money situation, stretched finances and slowdown […]
Auto major Mahindra and Mahindra (M&M) Friday said it would launch a multi-utility vehicle (MUV) within the next two months.
The new MUV, Mahindra Xylo, was codenamed Ingenio in the development stage.
“Xylo has been developed by a project team consisting of 160 experts who have created new benchmarks in terms of styling, technology and performance,” Pawan […]
Tata Motors has unveiled two new passenger vehicles and a one-ton pickup at the ongoing Johannesburg International Motor Show as it continues to strengthen its position in South Africa.
The Indica Vista will join the Indica range, which has already been available in South Africa for several years now, and will be on local Tata showroom […]
Utility heavyweight Mahindra & Mahindra (M&M) is launching another multi-utility vehicle Xylo, its most ambitious project after Scorpio, within the next two months.
The Xylo (positioned between the Bolero and the Scorpio) is speculated to be priced around Rs 7-8 lakh to compete with Toyota?s Innova. Primarily a mid-segment player, M&M is also planning to launch […]
Emkay Shares and Stock Brokers maintained a BUY rating on Mahindra and Mahindra with a target price of Rs 410.
The analysts at Emkay say that M&M`s Q2FY09 performance was in line with expectation aided by higher inventory accretion and lower tax rate. The analysts said that while net sales at 31.1 billion were below their […]
With its focus on Research and Development (R&D), automobile giant General Motor India is looking at alternate fuels and is working o n CNG and LPG vehicles, a senior official said.
“We are looking at CNG and LPG vehicles for India and are closely working with our regional partners in Thailand (for CNG) and Korea […]
Tractor major Mahindra & Mahindra on Thursday said that its shareholders have approved the amalgamation of Punjab Tractors with itself.
The equity shareholders of the company, at its court convened meeting held on October 29, have approved the scheme of amalgamation, Mahindra & Mahindra said in a filing to the Bombay Stock Exchange. More
Courtesy: indiacar.net
A potential merger between General Motors Corp and Chrysler LLC could result in the closing of at least four more of the No. 3 U.S automaker’s factories while 16 of its vehicle models were at risk of being eliminated, according to a study by Grant Thornton.
A merger between GM and Chrysler is the best option […]
Commercial vehicles manufacturer Eicher Motors on Thursday said that it has approved the proposal to buy-back its equity shares following a request to this effect from promoters.
The board of directors of the firm, approved the buy-back offer upon request of its promoters and principal shareholders - Eicher Goodearth Investments Ltd (EGIL), Eicher Motors said in […]
In spite of a recession in the auto sector, General Motors expects its Indian operations to grow 20 per cent during this year beating industry growth rate of about 7 per cent.
General Motors India Vice-President, Mr P. Balendran, told newspersons that most of the growth of General Motors has been through the operations in China […]