Russia emerging as the most favourable destination for luxury cars

Thu, 28 Aug 2008 00:00:00 GMT

Moscow, 28 August 2008: The Russian luxury car market is fast emerging as one of the 'most hottest' destinations for luxury cars.

GM to invest $200 million initially in its new Talegaon engine plant

Thu, 28 Aug 2008 00:00:00 GMT

Mumbai, 28 August 2008: Disclosing the investment plans for the proposed engine and transmission plant to be set up in Talegaon, Maharashtra, GM today said that it....

Mahindra & Mahindra launches tractor range in Turkey

Wed, 27 Aug 2008 00:00:00 GMT

New Delhi, 27 August 2008: Auto major Mahindra & Mahindra today said it has launched its tractors under three different ranges in Turkey in partnership with ILCE Group.....

Karnataka joins other states in inviting Tata 'Nano' project

Wed, 27 Aug 2008 00:00:00 GMT

Bangalore, 27 August 2008: Karnataka today joined several other states when it invited Tata Group to shift its small-car project from Singur to the Dharwad area in....

Tata's 'Nano' project gets the backing of Mukesh Ambani

Wed, 27 Aug 2008 00:00:00 GMT

New Delhi, 27 August 2008: Warning that 'fear psychosis' was being created to slow down projects of national interest, India's corporate leader Mukesh Ambani....

GM to set up engine plant in Maharashtra

Wed, 27 Aug 2008 00:00:00 GMT

Mumbai, 27 August 2008: General Motors, tomorrow, will enter into an agreement with Maharashtra for an engine and transmission plant, in order to step up the....

WB government refuses to back down on 'Nano' project

Tue, 26 Aug 2008 00:00:00 GMT

Kolkata, 26 August 2008: The government of West Bengal, today, rejected a demand by farmers to return them the disputed land acquired for the 'Nano' Project.

Tata Motors plans aggressive network expansion for Land Rover

Mon, 25 Aug 2008 00:00:00 GMT

New Delhi, 25 August 2008: Tata Motors today said it is charting out an aggressive network expansion for Land Rover in India over the next one year, besides exploring possibilities....

Eicher to raise prices of its Royal Enfield models

Mon, 25 Aug 2008 00:00:00 GMT

New Delhi, 25 August 2008: Eicher Motors Ltd today said it will raise prices of three of its 'Royal Enfield' motorbike models from September 1, due to a rise in raw....

U.S auto sales figures for August might show steep decline: WSJ

Mon, 25 Aug 2008 00:00:00 GMT

New York, 25 August 2008: U.S auto makers are expected to report big declines in August domestic sales despite stepped-up incentives, the Wall Street Journal said citing a report....

Bhattacharya firm that the Nano would roll out from Singur

Sat, 23 Aug 2008 00:00:00 GMT

Kolkata, 23 August 2008: A day after Mr.Ratan Tata threatened to pull out the small car project from Singur in the wake of violence and disruptions, West Bengal Chief Minister,....

States lining up with offers welcoming Tata's 'Nano' project

Sat, 23 Aug 2008 00:00:00 GMT

New Delhi, 23 August 2008: With the Singur issue heating up and Mr.Tata having made it clear that they could well move the 'Nano'

Volvo India to strengthen dealership, launch new models

Sat, 23 Aug 2008 00:00:00 GMT

Chandigarh, 23 August 2008: Volvo Car India revealed its plans to strengthen dealer network and sell 400-500 cars in the country by the end of 2008-09 fiscal and launch....

Tata threatens to pull out of Singur if violence continues

Fri, 22 Aug 2008 00:00:00 GMT

Kolkata, 22 August 2008: Tata Motors Chairman Ratan Tata today threatened to pull out of West Bengal if violence still persists at Singur, where the company....

Land Rover staff moved to Jaguar plant due to lack of work

Fri, 22 Aug 2008 00:00:00 GMT

New York, 22 Aufust 2008: About 300 workers at Land Rover in the West Midlands have been moved to the nearby Jaguar factory due of lack of work, unions said.....

Volvo finalises JV deal with Eicher Motors

Fri, 22 Aug 2008 00:00:00 GMT

Stockholm, 22 August 2008: Volvo Group, one of the world's leading manufacturers of trucks, buses and construction equipment, said it has finalized the deal with Eicher....

Inflation surges to 12.63 per cent

Thu, 21 Aug 2008 00:00:00 GMT

New Delhi, 21 August 2008: Rising prices of food items like fruits, vegetables and milk pushed up inflation to 12.63% for the week ended August 9 from 12.44% a week ago.

Tata Motors palnning electric-drive version of the Nano: Report

Thu, 21 Aug 2008 00:00:00 GMT

Hamburg, 21 August 2008: According to a German press report, Tata Motors, which is planning to launch the world's cheapest car - Nano - also has plans to produce....

Mahindra to finance GM, Hyundai cars in rural markets

Thu, 21 Aug 2008 00:00:00 GMT

Mumbai, 21 August 2008: Mahindra & Mahindra's vehicle finance arm, Mahindra Finance, has entered into an understanding with car makers General Motors and....

Hero Electric plans to launch electric car by 2013

Thu, 21 Aug 2008 00:00:00 GMT

New Delhi, 21 August 2008: Two-wheeler maker Hero Electric is planning to introduce an electric passenger car in the India by 2013, besides introducing battery driven three-....

Japanese govt to offer incentives on clean diesel cars

Thu, 21 Aug 2008 00:00:00 GMT

Tokyo, 21 August 2008: In a bid to reduce carbon dioxide emissions, Japanese govt is looking to introduce incentives from fiscal year 2009-10 onwards, for consumers....

Jaguar wins first major car award after been taken over by Tata Motors

Wed, 20 Aug 2008 00:00:00 GMT

London, 20 August 2008: After being taken over by Tata Motors, Jaguar has won its first major car award, beating a string of fancied rivals.

Maruti to export 2 lakh cars annually by 2010/11

Wed, 20 Aug 2008 00:00:00 GMT

New Delhi, 20 August 2008: Maruti Suzuki India Ltd (MSIL), the Indian arm of the Japanese major, Suzuki Motors, plans to export 2,00,000 cars annually by 2010-11, which will....

WB govt begins talks with the opposition to end protests against Tata in Singur

Wed, 20 Aug 2008 00:00:00 GMT

Kolkata, 20 August 2008: In a view to end the ongoing protests in the state against the Tata's Nano factory, officials of the West Bengal govt today began negotiations....

Mahindra Renault launches Logan in Nepal

Wed, 20 Aug 2008 00:00:00 GMT

Mumbai, 20 August 2008: Mahindra Renault Pvt Ltd, the Indian venture of Renault and Mahindra & Mahindra Ltd, has launched the no-frills Logan sedan in Nepal, a first....

Foreign plants account for over 50% of our sales abroad: Hyundai

Tue, 19 Aug 2008 00:00:00 GMT

Seoul, 19 August 2008: Hyundai Motor Co. said that its overseas sales of vehicles produced in overseas plants surpassed 50% of total sales abroad for the first time, during....

GM pulls sponsorship of Oscar Awards

Tue, 19 Aug 2008 00:00:00 GMT

New York, 19 August 2008: According to the Wall Street Journal, General Motors Corporation, one of the longtime sponsors of the Academy Awards (Oscar), has pulled out of its....

High interest rates hurting demand: Hero Honda

Tue, 19 Aug 2008 00:00:00 GMT

New Delhi, 19 August 2008: High interest rates and tight financing in India are hurting demand for motorcycles and the industry's growth would slow to single-digits in....

Volkswagen to introduce historic 'Beetle' in India next year

Mon, 18 Aug 2008 00:00:00 GMT

New Delhi, 18 August 2008: Come 2009, Indians will have the chance to own the original 'people's car' - the Beetle - as German carmaker Volkswagen has firmed....

Mahindra says NO to Hummer; focus on own models

Mon, 18 Aug 2008 00:00:00 GMT

Mumbai, 18 August 2008: Mahindra & Mahindra finally confirms its disinterest in buying the famous Hummer brand of utility vehicles of General Motors.

Mahindra to buy majority stake in a JV with a Chinese tractor firm

Mon, 18 Aug 2008 00:00:00 GMT

Mumbai, 18 August 2008: India's top maker of tractors & utility vehicles, Mahindra & Mahindra, said today that it would buy majority stake in a joint venture....

Hyundai to introduce i10 in the U.S

Mon, 18 Aug 2008 00:00:00 GMT

Seoul, 18 August 2008: Hyundai Motor is considering to introduce its Indian-made i10 hatchback to the U.S market to meet rising demand for small cars amid higher oil prices.

Premium carmakers offer leasing route to dealers, vendors

Sat, 16 Aug 2008 00:00:00 GMT

Mumbai, 16 August 2008: With network expansion in mind, the premium car makers are facilitating cost-effective operational leasing route for dealers to deck up their showrooms....

Toyota to launch a new plug-in hybrid in U.S in 2010

Fri, 15 Aug 2008 00:00:00 GMT

New York, 15 August 2008: Toyota Motor Corp. plans to bring a new plug-in hybrid vehicle to U.S market sometime in 2010.

Ford to build new luxury crossover vehicle: WSJ

Fri, 15 Aug 2008 00:00:00 GMT

Detroit, 15 August 2008: Ford is expected to announce its intention to build a new 7-seater luxury crossover, the Wall Street Journal said, citing sources familiar....

Maruti rides on old cars to push new sales

Thu, 14 Aug 2008 00:00:00 GMT

New Delhi, 14 August 2008: At a time when car sales have started moving southward for the first time in nearly three years, country's largest carmaker Maruti Suzuki is....

BMW to recall 1,50,000 vehicles for airbag sensor problem

Thu, 14 Aug 2008 00:00:00 GMT

Frankfurt, 14 August 2008: BMW will recall around 150,000 vehicles in North America to fix a possible defect that may keep the front passenger airbag from opening in a crash,....

Inflation zips past the 12 figure mark to reach 12.44%

Thu, 14 Aug 2008 00:00:00 GMT

New Delhi, 14 August 2008: Driven by higher fruit and fuel prices, inflation surged to 12.44% for the week ended August 2.

India most optimistic economy: Report

Wed, 13 Aug 2008 00:00:00 GMT

New Delhi, 13 August 2008: Soaring inflation and global recessionary trends notwithstanding, India has emerged as the most optimistic economy with majority of the privately-held....

Hyundai launches rural mobile health clinic in Chennai

Wed, 13 Aug 2008 00:00:00 GMT

Chennai, 13 August 2008: Hyundai Motor India Ltd, the second largest car maker of the country, has initiated a satellite-linked mobile....

GM keen on sale of assets; no time fixed though

Wed, 13 Aug 2008 00:00:00 GMT

Bangkok, 13 August 2008: General Motors Chief Rick Wagoner said that his company has significant interest in its planned sale of up to $4 billion of assets....

South Korean President pardons Hyundai supremo

Tue, 12 Aug 2008 00:00:00 GMT

Seoul, 12 August 2008: The President of South Korea has pardoned the Hyundai Motor Chief, Chung Mong-koo, who was found guilty of breach of trust and embezzlement last....

Fancy number could be worth a new car in Punjab

Tue, 12 Aug 2008 00:00:00 GMT

Jalandhar, 12 August 2008: If you buy a car as expensive as a Bentley costing anything between Rs.15-20 million, you may want to get a fancy registration number for it as well.....

Hero Electric to explore foreign markets for its e-bikes

Mon, 11 Aug 2008 00:00:00 GMT

Chandigarh, 11 August 2008: Makers of electric scooters, Hero Electric, has decided to foray into overseas market starting with exports of e-bikes to SAARC countries....

Car sales fall for the first time in 3 years; bikes up

Mon, 11 Aug 2008 00:00:00 GMT

New Delhi, 11 August 2008: Car sales registered their first decline in about three years as it fell an annual 1.7% in July, mainly due to the rising cost of

Bajaj to launch 3 more bikes on the XCD 125cc platform

Fri, 08 Aug 2008 00:00:00 GMT

Mumbai, 08 August 2008: Bajaj Auto Ltd, the second-biggest motorcycle maker in India, said today that it would launch three more bikes on the 125cc and above platform as it....

Pininfarina head dies in Turin road crash

Thu, 07 Aug 2008 00:00:00 GMT

Rome, 07 August 2008: In a very unfortunate incident, Andrea Pininfarina, head of the Italian car design company, Pininfarina, died in a scooter accident, sources close to the....

Lexus tops JD Power vehicle dependability survey for the 14th consecutive year

Thu, 07 Aug 2008 00:00:00 GMT

New York, 07 August 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....

Vehicle makers step up consumer financing amidst rising interest rates

Thu, 07 Aug 2008 00:00:00 GMT

Mumbai, 07 August 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....

Daimler to shorten annual production of Mercedes-Benz by 45000 units

Wed, 06 Aug 2008 00:00:00 GMT

Stuttgart, 06 August 2008: Daimler AG would be short of around 45,000 Mercedes-Benz cars than planned this year as it curbs output to reflect sluggish demand, the German premium....

Nissan tests new car technology that deters driver from danger

Wed, 06 Aug 2008 00:00:00 GMT

Tokyo, 06 August 2008: Nissan Motor Co today previewed its new safety technology that goes beyond a warning beep if drivers veer into the path of danger, and actively tries....

Honda to enter high-powered motorcycle segment of 800cc and above, by 2009

Wed, 06 Aug 2008 00:00:00 GMT

Mumbai, 06 August 2008: Honda Motorcycle & Scooter India (HMSI), the two-wheeler division of Honda India, is planning to enter into the high-powered motorcycle....

India ranks 12th among world's top 15 automakers

Mon, 04 Aug 2008 00:00:00 GMT

Vienna, 04 August 2008: With a burgeoning auto industry to boast of, India has made it to the top 15 automakers of the world and occupies the fourth position in the leading....

Toyota Kirloskar Motor announces capex plans at its second plant

Mon, 04 Aug 2008 00:00:00 GMT

Mumbai, 04 August 2008: Toyota Kirloskar Motor (TKM), the joint venture between Japan's Toyota Motor and India's Kirloskar Group, announced its plan to scale....

JLR will be faster on its feet under Tata: CEO

Mon, 04 Aug 2008 00:00:00 GMT

London, 04 August 2008: Jaguar and Land Rover will be faster on its feet under Tata than Ford, Mr.David Smith, the new permanent Chief Executive of JLR, said.

India 2nd best country for investment: U.S Survey

Sat, 02 Aug 2008 00:00:00 GMT

New York, 02 August 2008: India is the second best country for business investment, a new survey of American corporate executives shows.

GM, Ford and Toyota report double digit decline in July U.S sales

Sat, 02 Aug 2008 00:00:00 GMT

Detroit, 02 August 2008: World's top automobile manufacturers GM, Ford and Toyota have all reported double digit decline in July U.S sales as....

Maruti's July sales marginally increase; Tata's decline

Fri, 01 Aug 2008 00:00:00 GMT

New Delhi, 01 August 2008: Car market leader Maruti Suzuki India's July sales remained almost flat at 58,543 units as against 57,909 units in the same month last year.....

GM & Mahindra hold talks on Hummer deal

Fri, 01 Aug 2008 00:00:00 GMT

New York, 01 August 2008: General Motors Corp is holding talks with Indian automaker Mahindra & Mahindra Ltd and automakers in Russia and China about selling....

Toyota to double its investment in India

Thu, 31 Jul 2008 00:00:00 GMT

Bangalore, 31 July 2008: Japanese car maker Toyota Motor today said it will double its investment in India to Rs.2,800 crore as part of its plan to launch a 'strategic....

Price hike inevitable, says Mahindra

Thu, 31 Jul 2008 00:00:00 GMT

Mumbai, 31 July 2008: Without giving any timeline, auto major Mahindra & Mahindra (M&M) today hinted of a probable increase in prices of cars and farm equipments....

Inflation rises to 11.98 per cent

Thu, 31 Jul 2008 00:00:00 GMT

New Delhi, 31 July 2008: Inflation rose to 11.98% for the week ended July 19, as some food and manufactured products turned dearer.

Interest rate hike to affect small car segment

Wed, 30 Jul 2008 00:00:00 GMT

New Delhi, 30 July 2008: A day after RBI tightened the monetary policy, the country's automobile industry, already facing a rough ride, said it will suffer more and may....

Mahindra & Mahindra forms JV with Kinetic Motors

Wed, 30 Jul 2008 00:00:00 GMT

Mumbai, 30 July 2008: Mahindra & Mahindra, and Kinetic Motors have formed a Joint Venture, called Mahindra Kinetic Ltd., for manufacturing....

Low emission cars rule the ramp at the 2008 British International Motor Show

Wed, 30 Jul 2008 00:00:00 GMT

London, 30 July 2008: With 23 global debuts and more than 50 first sightings on these shores, this year's British International Motor Show claims to be the best ever, and....

Auto shares plunge following RBI's policy tightening

Tue, 29 Jul 2008 00:00:00 GMT

Mumbai, 29 July 2008: Indian auto shares fell today after the RBI tightened policy more aggressively than expected, raising concerns that interest rates on vehicle....

GM announces further cut in SUV & Truck production

Tue, 29 Jul 2008 00:00:00 GMT

New York, 29 July 2008: General Motors Corp has announced a production cut by 1,17,000 vehicles due to low consumer demand for pickup trucks and SUVs.

Ultra Motors launches new Electric Scooter "Marathon"

Tue, 29 Jul 2008 00:00:00 GMT

Kochi, 29 July 2008: Ultra Motor India, the India arm of UK-based global electric vehicle manufacturer, Ultra Motor Company, today launched its high end range electric scooter,....

Ashok Leyland to launch new truck range 'Unitruck' by 2010

Mon, 28 Jul 2008 00:00:00 GMT

Mumbai, 28 July 2008: Ashok Leyland Ltd, India's No.2 bus and truck maker, said today that it is developing a new range of trucks for global markets, as it takes on greater....

Toyota slashes global sales target for 2008

Mon, 28 Jul 2008 00:00:00 GMT

Tokyo, 28 July 2008: Toyota Motor Corporation today cut its 2008 groupwide global sales forecast by 3,50,000 units to 9.5 million vehicles due to a pronounced downturn in the....

Bajaj Auto launches new variants of Discover 135cc bike

Mon, 28 Jul 2008 00:00:00 GMT

New Delhi, 28 July 2008: India's second largest two-wheeler maker Bajaj Auto today introduced a new variant of its 135cc bike Discover DTSi priced between Rs.46,248 and....

Honda plans to launch Rs.1million bikes in India

Sat, 26 Jul 2008 00:00:00 GMT

Kolkata, 26 July 2008: Honda Motorcycles and Scooter India (HMSI), a wholly-owned subsidiary of Japan's Honda Motor Co, is planning to launch two models in the big motorbike....

Hyundai Motor India to double exports in 2008-09

Sat, 26 Jul 2008 00:00:00 GMT

Kolkata, 26 July 2008: Hyundai Motor India Ltd (HMIL) is striving to double its exports this fiscal, a top company official said here today.

Toyota to hike car prices in the United States

Sat, 26 Jul 2008 00:00:00 GMT

Tokyo, 26 July 2008: Toyota Motor Corp, the world's largest automaker, hinted on raising the prices of its 13 models, including Scion vehicles, in the United States by....

Honda lowers sales forecast despite record profit

Fri, 25 Jul 2008 00:00:00 GMT

Tokyo, 25 July 2008: Honda lowered its vehicle sales forecast for the fiscal year through March 2009 to 4.08 million vehicles, less optimistic than its earlier prediction for....

Maruti to launch limited edition M800 'Uniq'

Fri, 25 Jul 2008 00:00:00 GMT

New Delhi, 25 July 2008: Maruti Suzuki India Ltd (MSIL), in an attempt to further strengthen its oldest brand M800, plans to launch a limited edition....

Ford cuts 200 salaried jobs; sees economic recovery by 2010

Thu, 24 Jul 2008 00:00:00 GMT

Detroit, 24 July 2008: Ford Motor Co today said it cut 200 white-collar jobs in the second quarter and was on track to cut its salaried payroll costs by 15% by August 1 under....

Tata forecasts initial shortages in Nano supply; plans to launch electric cars

Thu, 24 Jul 2008 00:00:00 GMT

Mumbai, 24 July 2008: Tata Motors, which plans to launch its ultra-cheap Nano later this year, expects initial demand for the car to exceed supply, Chairman, Mr.Ratan Tata said....

Volvo's JV proposal with Eicher approved by Govt

Thu, 24 Jul 2008 00:00:00 GMT

New Delhi, 24 July 2008: Central Govt today approved Swedish truck major Volvo's FDI proposal to invest 275 million dollar (over Rs 1,150 crore) in their Joint Venture....

CBF Stunner 125cc bike launched by Honda

Thu, 24 Jul 2008 00:00:00 GMT

Bhopal, 24 July 2008: Honda Motorcycle and Scooter India Ltd (HMSI), world's largest manufacturer of two-wheelers, today launched its latest motorbike - 125cc....

Tata Motors open to partner with Fiat SpA in marketing Nano abroad

Wed, 23 Jul 2008 00:00:00 GMT

Turin, 23 July 2008: Tata Motors is open to Italy's Fiat SpA helping to sell the ultra-cheap Nano model overseas, Chairman Ratan Tata said yesterday.

Mahindra-Renault launches limited edition Logan variant - 'Edge'

Wed, 23 Jul 2008 00:00:00 GMT

New Delhi, 23 July 2008: Mahindra Renault today launched the limited edition variant of its passenger car Logan, priced between Rs 5 Lakh and Rs 7.15 Lakh (ex-showroom New Delhi).....

General Motors trail Toyota in global sales during first half of 2008

Wed, 23 Jul 2008 00:00:00 GMT

Detroit, 23 July 2008: General Motors Corp trailed Japanese rival Toyota Motor Corp in global vehicle sales decisively through the first half of the year, mainly due....

Mahindra-Renault considering export of Logan from India

Wed, 23 Jul 2008 00:00:00 GMT

New Delhi, 23 July 2008: Mahindra-Renault, the JV between India's Mahindra & Mahindra and French auto major Renault, which makes the no-frills Logan in India, plans....

Ford Motor to concentrate on small cars

Tue, 22 Jul 2008 00:00:00 GMT

Bangalore, 22 July 2008: U.S auto major Ford Motor Co is all set for a change in strategy as it is learnt that the company plans to focus on small cars.

Volkswagen achieves record sales due to strong growth in BRIC nations

Mon, 21 Jul 2008 00:00:00 GMT

Frankfurt, 21 July 2008: Volkswagen said it achieved record global sales in the first half of the year due to strong demand in India, Russia and China, delivering nearly 3.3....

Fiat launches the '500' in India

Mon, 21 Jul 2008 00:00:00 GMT

New Delhi, 21 July 2008: Italian automaker, Fiat, on a comeback trail through a joint venture with Tata Motors, has launched the much awaited 500, or Cinquecento in India last....

Government to introduce mileage ratings for cars by 2012

Sat, 19 Jul 2008 00:00:00 GMT

New Delhi, 19 July 2008: The government is set to launch a system of fuel economy ratings for cars by the year end that enables the buyer to know in

Pakistan to allow import of CNG buses and diesel from India

Sat, 19 Jul 2008 00:00:00 GMT

Islamabad, 19 July 2008: Giving a much-wanted boost to bilateral trade, Pakistan allowed import of diesel and CNG buses from India, besides adding 136 commodities to the positive....

Toyota to roll out a new hybrid car next year

Sat, 19 Jul 2008 00:00:00 GMT

Tokyo, 19 July 2008: According to a report from a leading Japanese business daily, Toyota Motor Corp will be rolling out a new hybrid car in 2009.....

Toyota to introduce new Corolla by year end; plans to increase Indian share

Fri, 18 Jul 2008 00:00:00 GMT

New Delhi, 18 July 2008: Aiming to make a bigger mark in the Indian market, Japanese car maker Toyota Motor will introduce a new variant of its sedan Corolla by the end of this....

Volkswagen Jetta launched in India

Fri, 18 Jul 2008 00:00:00 GMT

Mumbai, 18 July 2008: Volkswagen, Europe’s largest carmaker, launched its Jetta sedan here on Wednesday. The Jetta sedan....

Porsche India appoints Rod Wallace as MD

Tue, 15 Jul 2008 00:00:00 GMT

New Delhi, 15 July 2008: Porsche Cars India, the Indian arm of German luxury carmaker

Chrysler to launch all-electric cars in 3-5 years

Tue, 15 Jul 2008 00:00:00 GMT

Detroit, 15 July 2008: Chrysler LLC is planning to launch all-electric vehicles in the next three to five years, the latest automaker to join the race to produce cars with fuel-saving....

Ford's European sales rise 0.7%, thanks to Russian market

Tue, 15 Jul 2008 00:00:00 GMT

Frankfurt, 15 July 2008: Ford Motor Co said today that its European sales rose 0.7% in the first six months of 2008, thanks to the rapid sales growth in....

General Motors to cut jobs, close plants

Tue, 15 Jul 2008 00:00:00 GMT

New York, 15 July 2008: Slammed by a deep decline in auto sales, General Motors is expected to announce cutting of thousands of salaried jobs and closing of additional plants,....

Hyundai India launches 1.2-litre Kappa i10

Tue, 15 Jul 2008 00:00:00 GMT

Chennai, 15 July 2008: Hyundai Motor India Ltd today rolled out its new i10 powered by the all....

Bajaj, Royal Enfield row heats up over Thunderbird engine

Mon, 14 Jul 2008 00:00:00 GMT

New Delhi, 14 July 2008: A patent row is heating up between Bajaj Auto and Royal Enfield over....

Hindustan Motors announces buy-back scheme for Ambassador cars

Mon, 14 Jul 2008 00:00:00 GMT

Chennai, 14 July 2008: Hindustan Motors Ltd (HML) has announced a new scheme for owners of Ambassador....

Harley Davidson to buy Italian motorcycle maker

Fri, 11 Jul 2008 00:00:00 GMT

New York, 11 July 2008: Harley-Davidson Inc today said that it would buy privately held Italian motorcycle maker MV Agusta Group for 25 million euros ($39 million), sending....

Inflation rises to 11.89%, industrial growth go down

Fri, 11 Jul 2008 00:00:00 GMT

New Delhi, 11 July 2008: Adding to the woes of the government, the inflation today inched closer towards the 12% mark while the industrial growth nosedived to 3.8% amid fears....

Pininfarina plans to introduce electric car in India by 2014

Fri, 11 Jul 2008 00:00:00 GMT

Hoshiarpur, 11 July 2008: Italian design house Pininfarina, known for designing Ferrari, yesterday said that it will introduce an electric car in the Indian market by 2014.....

Renault eyes Rs.1350crore component exports from India

Fri, 11 Jul 2008 00:00:00 GMT

New Delhi, 11 July 2008: French auto major Renault today said that it was aiming to export about Rs 1,350 crore in finished components to its manufacturing operations around....

Audi India launches new A4 sedan; more 'luxury' plans in the future

Fri, 11 Jul 2008 00:00:00 GMT

Mumbai, 11 July 2008: German luxury car manufacturer Audi plans to launch more luxury car models in the near future, a top company official said.

Belgium-based Umicore to build automotive catalyst plant in India by 2010

Fri, 11 Jul 2008 00:00:00 GMT

New Delhi, 11 July 2008: Brussels-based materials technology group Umicore today said that it plans to set up an automotive catalyst operation in India by 2010 with a capacity....

BMW India introduces new 5-Series variants

Thu, 10 Jul 2008 00:00:00 GMT

New Delhi, 10 July 2008: German luxury car maker BMW today introduced new variants of its 5 Series sedan priced in the range of Rs 36.9 lakh and Rs 46.8 lakh as it looks to....

Mahindra to start production from Punjab Tractors' plant

Thu, 10 Jul 2008 00:00:00 GMT

Mumbai, 10 July 2008: After acquiring a majority stake of 63.3% in Punjab Tractors Ltd.(PTL), country’s leading tractor and utility vehicle maker, Mahindra & Mahindra....

June figures of Indian auto industry shows signs of slowing down

Thu, 10 Jul 2008 00:00:00 GMT

New Delhi, 10 July 2008: The Indian auto industry is moving at a slow pace, thanks to the rising inflation, soaring oil prices and steel price hikes. This is evident in the....

Mercedes-Benz India rolls out new E-Class

Thu, 10 Jul 2008 00:00:00 GMT

Mumbai, 10 July 2008: Its place of prominence in the Indian luxury car segment constantly receiving newer challenges by the day, Mercedes-Benz India has decided to take the....

Expansion plan on cards for Hero Electric

Wed, 09 Jul 2008 00:00:00 GMT

New Delhi, 09 July 2008: India’s largest manufacturer of energy-efficient, environment-friendly electric two-wheelers, Hero Electric, also a 100% subsidiary of Hero....

GM, Ford show growth in China despite rising fuel prices

Wed, 09 Jul 2008 00:00:00 GMT

Beijing, 09 July 2008: General Motors and Ford have reported strong growth in the first half of this year in China, the world's second largest vehicle market after the....

Tata Motors to start online bookings for Nano: Source

Wed, 09 Jul 2008 00:00:00 GMT

Kolkata, 09 July 2008: Tata Motors has plans to use e-commerce platform to market Nano, which is slated to hit the road by early-October. The

Tata Motors introduce fuel-efficient 'Super Milo' buses

Wed, 09 Jul 2008 00:00:00 GMT

Mumbai, 09 July 2008: Tata Motors has introduced a new range of fuel-efficient buses called the Super Milo. The Super Milo range delivers superior operating economies....

Mazda introduces Biante minivan in Japan

Tue, 08 Jul 2008 00:00:00 GMT

Tokyo, 08 July 2008: Mazda Motor Corp., a third of which is owned by Ford Motor Co., introduced a new minivan - Biante - in Japan as it tries to keep its share of the segment....

Fiat not interested in GM brands; to work with BMW

Tue, 08 Jul 2008 00:00:00 GMT

Milan, Italy, 08 July 2008: Fiat is not interested in any of the brands owned by U.S car giant GM, the Chief Executive of the Italian industrial group said today.

FM turns down DIT's request for duty-free import of hitech cars

Tue, 08 Jul 2008 00:00:00 GMT

New Delhi, 08 July 2008: The Ministry of Finance has rejected the department of Information Technology's (DIT) request for duty-free import of a specified number of hi-tech....

Toyota to add solar panels to some Prius hybrids

Mon, 07 Jul 2008 00:00:00 GMT

Tokyo, 07 July 2008: Toyota Motor Corp plans to install solar panels on some Prius hybrids in its next remodelling, responding to growing demand for "green" cars amid....

Suzuki to bring the Hayabusa to India

Mon, 07 Jul 2008 00:00:00 GMT

New Delhi, 07 July 2008: Good news for dreamy eyed sports bike fanatics. The world’s fastest motorbike ever is very soon going to ply on Indian roads. Japanese auto giant Suzuki....

TVS launches new Apache RTR FI version bike

Mon, 07 Jul 2008 00:00:00 GMT

New Delhi, 07 July 2008: Aiming to strengthen its presence in the premium segment, country's third largest two-wheeler maker TVS Motor Company, today, launched an advanced....

GM plans large-scale job cuts; to consider selling brands

Mon, 07 Jul 2008 00:00:00 GMT

No. 1 U.S automaker General Motors is planning to cut thousands of white-collar jobs and is considering whether it should sell or stop production of more of its brands, The....

Daimler-Hero JV to commence operation in 2010

Mon, 07 Jul 2008 00:00:00 GMT

New Delhi, 07 July 2008: The Rs 4,400 crore Hero-Daimler joint-venture project to build commercial vehicles will come up in Tamil Nadu. A Memorandum of Understanding (MoU) under....

Tata Motors record sales growth of 7% in June

Sat, 05 Jul 2008 00:00:00 GMT

New Delhi, 05 July 2008: Tata Motors reported a total sale of 47,245 vehicles (including exports) for the month of June 2008, a growth of 7% compared to 44,317 vehicles sold....

TVS launches 'King' autorickshaws in Kerala

Sat, 05 Jul 2008 00:00:00 GMT

Kochi, 05 July 2008: TVS Motors has entered the three-wheeler business with the launch of 200cc autorickshaw 'TVS King' in Kerala on Friday.

Hyundai launches scheme for easy upgrade to bigger cars

Sat, 05 Jul 2008 00:00:00 GMT

New Delhi, 05 July 2008: Hyundai Motor India yesterday announced an exchange and upgrade scheme that allows customers to lower their monthly car-loan payments even as they upgrade....

BMW to sell more 7 Series than last generation

Fri, 04 Jul 2008 00:00:00 GMT

Munich, 04 July 2008: BMW, the world's largest premium carmaker, plans to sell more models of its new top-of-the-line 7 Series luxury saloon than the total of more than....

Inflation figure rises to 11.63%

Fri, 04 Jul 2008 00:00:00 GMT

New Delhi, 04 July 2008: Inflation surged to 11.63% for the week ended June 21, up from 11.42% in the previous week, on the back of costlier food items.

Mahindra USA tops NAEDA's survey

Fri, 04 Jul 2008 00:00:00 GMT

Mumbai, 04 July 2008: The Mahindra group today said that its 100% subsidiary, Mahindra USA, has been rated highest in overall satisfaction amongst tractor manufacturers in a....

Audi R8 in India by 2008 end

Fri, 04 Jul 2008 00:00:00 GMT

New Delhi, 04 July 2008: German luxury carmaker Audi said that it plans to launch its latest sports car 'R8' in the country towards the end of this year.

Truckers' strike to affect auto industry; impact raw material supply

Thu, 03 Jul 2008 00:00:00 GMT

New Delhi, 03 July 2008: The automobile industry, already reeling under high interest rates and rising input costs and fuel prices,....

Mahindra forecasts 10-12% rise in UV sales this fiscal

Thu, 03 Jul 2008 00:00:00 GMT

London, 03 July 2008: Mahindra & Mahindra sees around 10% growth in the sales of utility vehicles and tractors in the fiscal year from April. The company also....

Oil continues record run; Govt to review fuel prices in October

Thu, 03 Jul 2008 00:00:00 GMT

Madrid, 03 July 2008: India will review the retail fuel prices in October, after it gets a clear picture of the dent that high international crude prices will leave....

Chevrolet Spark available at a special offer price of Rs 2.66 lakhs

Thu, 03 Jul 2008 00:00:00 GMT

New Delhi, 03 July 2008: Leading car maker GM India today announced that its Chevrolet Spark model will be available across the country at a

Caparo sees opportunity to supply components to Jaguar-Land Rover

Wed, 02 Jul 2008 00:00:00 GMT

London, 02 July 2008: NRI industrialist Lord Swaraj Paul's Caparo group sees a fabulous opportunity to build on its relationship with India's Tata Motors to supply....

Toyota struggling to meet U.S small car demand

Wed, 02 Jul 2008 00:00:00 GMT

Detroit, 02 July 2008: The surge in popularity for small cars and fuel-efficient hybrids has left Toyota Motor Corporation facing an unusual problem:

Tata predicts challenging year ahead; Nano variants under development

Tue, 01 Jul 2008 00:00:00 GMT

New Delhi, 01 July 2008: Tata Motors is working on new variants of its Rs.One-lakh car Nano to overcome challenges posed by high fuel prices, which could negatively impact vehicle....

Mahindra increase June sales by 8.17%

Tue, 01 Jul 2008 00:00:00 GMT

New Delhi, 01 July 2008: Mahindra & Mahindra, part of $6.7 billion Mahindra Group, today said its domestic sales in June went up by 8.17% to 18,179 units, against....

Maruti sales up 2.22% in June

Tue, 01 Jul 2008 00:00:00 GMT

New Delhi, 01 July 2008: Car market leader Maruti Suzuki India Ltd (MSIL) today reported a 2.22% rise in total vehicle sales during June at 61,247 units, compared to....

Two-wheeler majors record sales rise in June

Tue, 01 Jul 2008 00:00:00 GMT

New Delhi, 01 July 2008: Country's largest two wheeler maker Hero Honda Motors, and second largest - Bajaj Auto - on today reported rise in their motorcycle sales....

Hyundai domestic sales up 34% in June

Tue, 01 Jul 2008 00:00:00 GMT

New Delhi, 01 July 2008: Car maker Hyundai Motor India (HMIL) today reported a 34% increase in domestic passenger car sales at 21,881 units during June, against 16,335 units....

Tata Motors shares fall to 3-year low

Mon, 30 Jun 2008 00:00:00 GMT

New Delhi, 30 June 2008: Shares in Tata Motors, India's top vehicle maker, fell to a three-year low today, leading losses in an auto sector struggling with high input costs,....

Honda launches 125cc 'CBF Stunner' sportsbike

Mon, 30 Jun 2008 00:00:00 GMT

New Delhi, 30 June 2008: Honda Motorcycle & Scooter India (HMSI) today launched its new 125 cc sports bike in the country - CBF Stunner -priced between Rs 47,070 and....

Mazda to display new concept at the Moscow Auto Show

Sun, 29 Jun 2008 00:00:00 GMT

Tokyo, 29 June 2008: Mazda will present an all-new show car at this year’s Moscow International Automobile Salon, starting from August 29 through September 7, 2008 in Moscow.....

Jaguar-Land Rover launches 'Virtual Reality Centre' in England

Sun, 29 Jun 2008 00:00:00 GMT

Warwickshire, 29 June 2008: Jaguar-Land Rover (JLR) announced the opening of its new industry-leading 'Virtual Reality Centre' at the Design and Engineering Centre....

India Today, German firm launch auto magazine

Sun, 29 Jun 2008 00:00:00 GMT

New Delhi, 29 June 2008: India Today Group and German newspaper publishing firm Axel Springer on Friday launched a fortnightly auto magazine 'Auto Bild'.

Mahindra to augment its used car business by investing Rs.200 cr

Sun, 29 Jun 2008 00:00:00 GMT

New Delhi, 29 June 2008: FirstChoice Wheels, the used car division of Mahindra & Mahindra plans to invest Rs.200 crore in the next five....

Man torches his car to protest high gas prices

Sat, 28 Jun 2008 00:00:00 GMT

Berlin, 28 June 2008: A German man doused his BMW with gasoline and torched it on Friday in protest against the skyrocketing fuel costs, police

Tata Motors flooded with global enquiries to set up Nano plant

Sat, 28 Jun 2008 00:00:00 GMT

Kolkata, 28 June 2008: Tata Motors said that its ambitious small car - Nano - is seeing a huge global interest with enquiries pouring up for....

Tata to roll out Nano by Durga Puja despite Rs.3 crore cost overrun

Sat, 28 Jun 2008 00:00:00 GMT

Kolkata, 28 June 2008: Tata Motors today said that its ambitious Nano project has incurred a cost overrun of Rs.3 billion ($71.4 million), but maintained the Rs.One lakh car....

Over 30,000 Volkswagens damaged by hailstorm in Germany

Fri, 27 Jun 2008 00:00:00 GMT

Berlin, 27 June 2008: Hail the size of pingpong balls damaged some 30,000 new vehicles at a Volkswagen plant in northern Germany, a company spokesman said today.

Inflation touches new 13-year high of 11.42%

Fri, 27 Jun 2008 00:00:00 GMT

New Delhi, 27 June 2008: Government's woes on the price front showed no signs of easing, with inflation climbing to a new 13-year high of 11.42% mainly due to rise in prices....

Price hike on the cards for Toyota

Fri, 27 Jun 2008 00:00:00 GMT

Tokyo, 27 June 2008: Toyota Motor Corp said today that it may need to consider raising the prices of its passenger vehicles in the future due to surging raw materials costs,....

China to offer tax incentive on 'green' cars

Thu, 26 Jun 2008 00:00:00 GMT

Shanghai, 26 June 2008: The Chinese government will offer tax incentives for purchases of environment-friendly vehicles such as hybrids and diesel-engine cars, a Japanese daily....

Ashok Minda Group acquires German interior maker

Thu, 26 Jun 2008 00:00:00 GMT

New Delhi, 26 June 2008: Strengthening its presence in the European market, leading auto component maker Ashok Minda Group today announced acquisition of German interior component....

Inflation put brakes on car sales

Thu, 26 Jun 2008 00:00:00 GMT

Mumbai, 26 June 2008: Inflationary pressures have applied brakes on the growth plans of carmakers reeling under the pressure of high interest rates and a sharp dip in consumer....

Mercedes-Benz India launches new variants in E-Class

Wed, 25 Jun 2008 00:00:00 GMT

New Delhi, 25 June 2008: Mercedes-Benz India launched two new variants of its most popular car in India, the E-Class. The two new variants launched....

Ferrari for cost control to shield customers from rising prices

Wed, 25 Jun 2008 00:00:00 GMT

Maranello, 25 June 2008: Luxury sports car maker Ferrari will try to protect customers from rises in raw materials prices by cost control measures, its Chief Executive Officer,....

Reva electric cars officially launched in Delhi

Wed, 25 Jun 2008 00:00:00 GMT

New Delhi, 25 June 2008: After 13 years of research and development, India's first electric car 'Reva' was launched in the national capital by Delhi Chief Minister,....

British MPs campaign for Jaguar cars

Wed, 25 Jun 2008 00:00:00 GMT

London, 25 June 2008: A group of British MPs has urged their government to use Tata-owned Jaguar luxury cars instead of Japanese hybrid cars that run on a mix of electricity....

Piaggio's CEO sees "good" order book in June

Tue, 24 Jun 2008 00:00:00 GMT

Italy, 24 June 2008: Italy's Piaggio had a "good" book of orders for its scooters in June as higher oil prices push consumers towards lighter consumption vehicles,....

Toyota's U.S sales might decline for second year

Tue, 24 Jun 2008 00:00:00 GMT

Tokyo, 24 June 2008: Japanese car major Toyota Motor,....

Ford to invest $500 million in India by 2010

Tue, 24 Jun 2008 00:00:00 GMT

Kolkata, 24 June 2008: Ford India Pvt Ltd, a wholly-owned subsidiary of global auto major Ford Motors Co., will invest $500 million to set up a small car production facility....

Volvo introduces 'Road Traffic Information' in its models

Tue, 24 Jun 2008 00:00:00 GMT

New Delhi, 24 June 2008: Volvo Car India today said that it has introduced Road Traffic Information (RTI) in its products for....

Free fuel offer from Hyundai for Santro, i10 purchases

Tue, 24 Jun 2008 00:00:00 GMT

New Delhi, 24 June 2008: In a bid to boost sales amidst rising fuel prices, Hyundai Motor India Ltd (HMIL) has come out with free fuel vouchers for every purchase of its Santro....

Hyundai i10 sweeps all major awards of 2008

Mon, 23 Jun 2008 00:00:00 GMT

23 June 2008: Hyundai's latest Indian addition, the i10 hatchback, had set another path-breaking record in its young....

Hyundai to roll out three new i-series cars

Mon, 23 Jun 2008 00:00:00 GMT

New Delhi, 23 June 2008: Following the roaring success of its new hatchback i10, the second largest carmaker in the country, Hyundai Motor India Ltd (HMIL) plans to....

Ford India launches new Fiesta model

Mon, 23 Jun 2008 00:00:00 GMT

New Delhi, 23 June 2008: Ford India has launched a new Ford Fiesta model - Fiesta 1.6 S - with design revisions and upgraded fabrics and leather.

Toyota to cut U.S production as sales slow; to focus more on BRIC markets

Thu, 19 Jun 2008 00:00:00 GMT

Tokyo, 19 June 2008: Japan's Toyota Motor Corp will cut production at three U.S plants in response to slowing sales, a spokesperson said today, hitting a bump on the road....

Ok Play to invest Rs.70 crore on auto component business

Thu, 19 Jun 2008 00:00:00 GMT

New Delhi, 19 June 2008: Diversifying into plastic automotive components space, leading plastic toy manufacturer Ok Play will invest Rs 70 crore to set up two facilities in....

Ford mulls both petrol, diesel engines for its small car

Thu, 19 Jun 2008 00:00:00 GMT

New Delhi, 19 June 2008: U.S car major Ford, which plans to enter the lucrative Indian small car market by 2010, today said it was considering both petrol and diesel petrol....

GM slows down SUV, truck redesigns: Report

Thu, 19 Jun 2008 00:00:00 GMT

New York, 19 June 2008: General Motors Corp is postponing redesigning its SUVs and full-sized trucks as it shifts its product portfolio toward more fuel-efficient vehicles,....

Jaguar-Land Rover to recruit 600 engineers

Thu, 19 Jun 2008 00:00:00 GMT

London, 19 June 2008: Tata owned Jaguar-Land Rover (JLR) has announced a major drive to recruit 600 engineers and technical staff to work on its 700-million-pounds projects....

Maruti to play key role in Suzuki's global alliances: Suzuki

Thu, 19 Jun 2008 00:00:00 GMT

Tokyo, 19 June 2008: With Indian companies led by the likes of Tata and Mahindra & Mahindra getting active in acquisitions and alliances in the global auto sector, Japanese....

Ashok Leyland forms new firm for clean technology

Thu, 19 Jun 2008 00:00:00 GMT

New Delhi, 19 June 2008: Hinduja flagship company Ashok Leyland today announced the formation of a new entity, Albonair GmbH in Dortmund, Germany....

Honda launches first hybrid car in India

Wed, 18 Jun 2008 00:00:00 GMT

New Delhi, 18 June 2008: Japanese car major Honda today launched the first hybrid car in India, Civic Hybrid, priced at Rs.21.5 lakh (Ex-showroom,....

M&M to provide on-the-spot loans for tractors in eight states

Wed, 18 Jun 2008 00:00:00 GMT

Mumbai, 18 June 2008: In an initiative aimed at facilitating easy loans to farmers, tractor major Mahindra & Mahindra has tied-up with

Twin spark technology not patentable: Eicher

Wed, 18 Jun 2008 00:00:00 GMT

Chennai, 18 June 2008: Eicher Motors MD & Chief Executive, Mr.Siddhartha Lal says the twin-spark technology, the issue behind

Ashok Leyland plans de-risking its business model

Wed, 18 Jun 2008 00:00:00 GMT

Mumbai, 18 June 2008: The country's second biggest truck maker, Ashok Leyland, is looking at de-risking its business model in the face....

Royal Enfield to launch four new models by 2010-11

Wed, 18 Jun 2008 00:00:00 GMT

Chennai, 18 June 2008: Eicher group’s company Royal Enfield today said that it would roll out four new motorcycle models by 2010-11....

Yamaha aiming to zoom with new bike

Tue, 17 Jun 2008 00:00:00 GMT

Chennai, 17 June 2008: Japanese bike maker Yamaha is looking to regain lost ground in the highly-competitive Indian two-wheeler market with the brand new Sports bike YZF-R15.

Bharat-IV norms for cars across India by April 2010

Tue, 17 Jun 2008 00:00:00 GMT

New Delhi, 17 June 2008: The government wants to implement Bharat Stage-IV emission norms for cars across the country by April 2010, while rules in 11 major cities....

Ashok Leyland may open Nissan JV to shareholders

Tue, 17 Jun 2008 00:00:00 GMT

Mumbai, 17 June 2008: Ashok Leyland Ltd, India's second biggest truck and bus maker, is considering selling some of its stake in a joint venture with Nissan Motor Co to....

Mitsubishi, Peugeot consider electric car tie-up

Tue, 17 Jun 2008 00:00:00 GMT

Tokyo, 17 June 2008: Mitsubishi Motors Corp today said that....

Proton set to enter Indian market with 3 car models

Tue, 17 Jun 2008 00:00:00 GMT

New Delhi, 17 June 2008: Malaysian carmaker Proton has finalised its India plans and is all set to enter the 1.5-million Indian passenger vehicle market. The company has selected....

Santro emerges the 'most dependable compact car' in JD Power rankings

Tue, 17 Jun 2008 00:00:00 GMT

New Delhi, 17 June 2008: Hyundai's largest selling car in India, the Santro, has bagged the number one position in the Vehicle Dependability Study conducted by JD Power....

The future belongs to electric cars: Volkswagen Chairman

Mon, 16 Jun 2008 00:00:00 GMT

Frankfurt, 16 June 2008: The future belongs to electric cars because of high fuel prices and environmental considerations, the head of the biggest European car maker,

Blockbuster deal not on cards for Daimler: Source

Mon, 16 Jun 2008 00:00:00 GMT

Frankfurt, 16 June 2008: Daimler AG, the world's top truckmaker and second-biggest premium carmaker, sees no need for a blockbuster takeover, a company source said, pouring....

Honda rolls latest fuel-cell car off assembly line

Mon, 16 Jun 2008 00:00:00 GMT

Tokyo, 16 June 2008: Honda Motor Co kicked off production today of its newest fuel-cell car, as the automaker gears up for the battle to dominate the market for next-generation....

Goldman Sachs to invest Rs.700 crore for minority stake in Mahindra

Mon, 16 Jun 2008 00:00:00 GMT

New Delhi, 16 June 2008: American fund house major Goldman Sachs will take a minority stake in the homegrown auto major

Tata to manufacture Xenon pickup trucks in Turkey

Sun, 15 Jun 2008 00:00:00 GMT

Turkey, 15 June 2008: Putting itself on the map by buying Jaguar and Land Rover, Tata Motors announced that it will manufacture its Xenon pickup trucks in Turkey. The second....

Car gifted by Hitler to Nepal king awaits new home

Sun, 15 Jun 2008 00:00:00 GMT

Kathmandu, 15 June 2008: A car gifted by Adolf Hitler to a Nepali king is likely to be displayed in a palace museum after the Himalayan....

Be ready to shell out more, Ahluwalia tells car users

Sun, 15 Jun 2008 00:00:00 GMT

New Delhi, 15 June 2008: Car users, especially those in affluent class, should be ready to shell out more for petrol and diesel if the crude oil prices increase further, Planning....

Volkswagen to intensify Indian operations; aims 10% market share

Sun, 15 Jun 2008 00:00:00 GMT

Wolfsburg, 15 June 2008: Europe's biggest carmaker Volkswagen is intensifying efforts to rapidly expand in India, including increasing the number of

Indian auto industry might suffer further

Sat, 14 Jun 2008 00:00:00 GMT

New Delhi, 14 June 2008: The latest hike in the repo rate - the rate at which the Reserve Bank of India (RBI) lends to commercial banks in the short term -....

Excise duty hiked on cars over 1500cc engine capacity

Sat, 14 Jun 2008 00:00:00 GMT

New Delhi, 14 June 2008: The government has slapped an additional specific duty of up to Rs.20,000 per car, over and above the regular excise duty of 24% on all large cars,....

GINA Light Visionary Model: The new BMW can literally be 'tailor-made'

Fri, 13 Jun 2008 00:00:00 GMT

Munich, 13 June 2008: BMW has revealed a concept car made of cloth that enables the driver to change its shape at the touch of a button. Instead of a metal or plastic body,....

BMW invests $270mn to expand U.S operations

Fri, 13 Jun 2008 00:00:00 GMT

Frankfurt, 13 June 2008: BMW, the world's largest premium carmaker, today said that it is investing $270 million to expand its U.S operations.

Japanese firm claims to have invented "water-powered car"

Fri, 13 Jun 2008 00:00:00 GMT

Friday, 13 June 2008: Tired of petrol prices rising daily at the pump? A Japanese company has invented an electric-powered, and environmentally friendly car, which....

Yamaha YZF-R15: Super Sports design packed with state-of-the-art technology

Fri, 13 Jun 2008 00:00:00 GMT

New Delhi, 13 June 2008: A new force strikes the sports bike world, as India Yamaha Motor Pvt. Ltd., yesterday, announced the launch of all new Super Sports Yamaha YZF-R15 for....

Yamaha launches 150 cc sports bike

Thu, 12 Jun 2008 00:00:00 GMT

New Delhi, 12 June 2008: Expanding its product portfolio, Japanese two-wheeler maker Yamaha Motor on Thursday launched a 150 cc sports bike in the country, priced at Rs.97,425....

Toyota-Matsushita battery JV sets 2009 start date

Wed, 11 Jun 2008 00:00:00 GMT

Tokyo, 11 June 2008: Toyota Motor Corp said today that its battery joint venture with Matsushita Electric Industrial Co Ltd will start limited production of lithium-ion....

Hero Electric to acquire a foreign component maker

Wed, 11 Jun 2008 00:00:00 GMT

Chandigarh, 11 June 2008: Electronic bike maker Hero Electric plans an overseas acquisition of a motor and controller components maker in electronic vehicle segment.

Export orders cross 1-lakh for the Hyundai i10

Wed, 11 Jun 2008 00:00:00 GMT

New Delhi, 11 June 2008: Hyundai Motor India Ltd

GM to start hiring, after buyouts & retirements

Tue, 10 Jun 2008 00:00:00 GMT

Washington, 10 June 2008: General Motors Corp. has started a new phase of hiring, ahead of the departure of thousands of workers who accepted buyouts under a labor agreement....

Mitsubishi, Peugeot invest $730 mn in Russia plant

Tue, 10 Jun 2008 00:00:00 GMT

Tokyo, 10 June 2008: Mitsubishi Motors Corp and France's....

Car sales increase by 14.26% in May

Tue, 10 Jun 2008 00:00:00 GMT

New Delhi, 10 June 2008: Domestic passenger car sales rose by 14.26% in May to 1,10,743 units from 96,923 units in the same month last year.

Japanese firm eyeing Indian low-cost car component market

Mon, 09 Jun 2008 00:00:00 GMT

Mumbai, 09 June 2008: Attracted by the high potential of small-budget car part market in India, Japanese component major Toyoda Gosei is developing new products to break into....

Nissan to debut 'clean diesel' SUV prototype at G-8 summit in Japan

Mon, 09 Jun 2008 00:00:00 GMT

Tokyo, 09 June 2008: Nissan today said that it plans....

Hyundai introduces CNG version of Accent sedan

Mon, 09 Jun 2008 00:00:00 GMT

New Delhi, 09 June 2008: India's second largest carmaker, Hyundai Motor India Ltd.(HMIL), today....

Small-car margins may go down due to increased competition

Mon, 09 Jun 2008 00:00:00 GMT

Bangalore, 09 June 2008: Car makers as well as dealers will increasingly see their margins eroded by nearly half as more small cars are launched in the country including

Maruti Suzuki is world's fourth most reputed auto maker

Mon, 09 Jun 2008 00:00:00 GMT

New York, 09 June 2008: India's biggest carmaker Maruti Suzuki India Ltd.....

Rolls-Royce releases first sketches of RR4

Sat, 07 Jun 2008 00:00:00 GMT

London, 07 June 2008: Rolls-Royce Motor Cars has revealed the first design sketches of its next new model. Known as RR4, the car is due to be launched in 2010 and will sit alongside....

Audi A4 earns five stars in the Euro NCAP crash test

Sat, 07 Jun 2008 00:00:00 GMT

07 June 2008: After testing the new Audi A4 for passive crash safety, the Euro NCAP consortium awarded the vehicle five stars, the highest rating....

Indus Motors targets 30,000 unit Maruti car sales

Sat, 07 Jun 2008 00:00:00 GMT

Kochi, 07 June 2008: India's No.1 ranked Maruti dealer based....

Toyota develops improved Hydrogen Fuel-cell vehicle

Fri, 06 Jun 2008 00:00:00 GMT

Tokyo, 06 June 2008: Toyota Motor Corp said today that it has....

Renault-Nissan opens new vehicle plant in Chennai

Fri, 06 Jun 2008 00:00:00 GMT

Chennai, 06 June 2008: With an investment of Rs.4,500 crore, Renault Nissan Automotive India Pvt Ltd today inaugurated a new passenger vehicle plant at Oragadam situated about....

Tata Motors planning to bring Jaguar & Land Rover to India

Fri, 06 Jun 2008 00:00:00 GMT

New Delhi, 06 June 2008: After completing the acquisition of Jaguar and Land Rover from Ford for $2.3 billion, Tata Motors today said it is exploring

The Maruti 800 goes LPG

Fri, 06 Jun 2008 00:00:00 GMT

New Delhi, 06 June 2008: Maruti Suzuki India Limited has launched Maruti 800 Duo, a new variant that runs on petrol as well as Liquefied Petroleum Gas (LPG).

Can Tata swallow the Hummer?

Fri, 06 Jun 2008 00:00:00 GMT

New Delhi, 06 June 2008: After the acquisition of Jaguar and Land Rover, Indian auto companies rank high in the global M&A pecking order. Merchant bankers are learnt....

Nissan introduces modified Teana sedan in Japan

Fri, 06 Jun 2008 00:00:00 GMT

Tokyo, 06 June 2008: Nissan Motor Co., Japan's third-largest automaker, introduced a new version of the Teana sedan for the first time since the

Renault may use 'ultra low cost car' parts in main models

Thu, 05 Jun 2008 00:00:00 GMT

Paris, 05 June 2008: Renault will not introduce the 'ultra low cost car' it is developing with Bajaj and Nissan into the European....

Tata's takeover of Jaguar, Land Rover hailed by local leaders

Thu, 05 Jun 2008 00:00:00 GMT

London, 05 June 2008: Tata Motor's acquisition of Jaguar and Land Rover has got an emphatic thumbs-up from movers and shakers of the West Midlands region, who saw a "great....

Mahindra & Mahindra buys Italian engineering firm

Thu, 05 Jun 2008 00:00:00 GMT

Mumbai, 05 June 2008: Mahindra & Mahindra Ltd said today that it had signed an agreement to acquire Italy's Engines Engineering SpA for an undisclosed sum.

All-electric Chevrolet Volt on track for 2010 launch, says GM

Wed, 04 Jun 2008 00:00:00 GMT

Wilmington, 04 June 2008: General Motors Corp said that its all-electric Chevrolet Volt was on track for a launch in 2010 after the company's board approved funding for....

Hyundai chief avoids jail term

Wed, 04 Jun 2008 00:00:00 GMT

Seoul, 04 June 2008: A South Korean court yesterday ruled for a second time that Hyundai Motor chairman Chung Mong-koo does not have to go to prison, leaving the auto tycoon....

Automobile industry concerned over possible sales downslide due to fuel price hike

Wed, 04 Jun 2008 00:00:00 GMT

New Delhi, 04 June 2008: The automobile industry expressed concern that the fuel price hike announced today could impact sales in the short-term.

Fuel price hike may push inflation over 13-year high of 9%

Wed, 04 Jun 2008 00:00:00 GMT

New Delhi, 04 June 2008: Inflation is bound to cross a 13-year high of 9% from the current level of 8.1%, as a fallout of today's sharp hike in petrol and diesel prices,....

Govt. hikes fuel, cooking gas prices steeply

Wed, 04 Jun 2008 00:00:00 GMT

New Delhi, 04 June 2008: In the single steepest hike in fuel prices, the government today raised petrol price by Rs.5 per litre, diesel by Rs.3 and LPG by Rs.50 per cylinder....

Audi to launch A4 sedan in July

Tue, 03 Jun 2008 00:00:00 GMT

Mumbai, 03 June 2008: German luxury car maker Audi today said that it would launch its A4 sedan in July.

Nissan to make new generation compact cars in India

Tue, 03 Jun 2008 00:00:00 GMT

New Delhi, 03 June 2008: Japanese auto major Nissan Motor Co today said that it has identified India as one of the five low cost countries to manufacture its new generation....

Honda cuts car prices by up to Rs.5,000

Mon, 02 Jun 2008 00:00:00 GMT

New Delhi, 02 June 2008: At a time when most automakers in the country are hiking prices, Honda Siel Cars India yesterday cut the rates of its sedans by

Maruti, Hyundai, Skoda sales up in May

Mon, 02 Jun 2008 00:00:00 GMT

New Delhi, 02 June 2008: Car market leader Maruti Suzuki India Ltd....

Tata Motors completes acquisition of Jaguar & Land Rover

Mon, 02 Jun 2008 00:00:00 GMT

Mumbai, 02 June 2008: Tata Motors Ltd, said today that it had completed....

No option but to hike fuel price: PM

Mon, 02 Jun 2008 00:00:00 GMT

New Delhi, 02 June 2008: Prime Minister Manmohan Singh today said that the government was left with no option but to hike the price of fuel due to soaring price of crude oil....

Tata Motors hike passenger vehicle prices by up to 3%

Mon, 02 Jun 2008 00:00:00 GMT

New Delhi, 02 June 2008: Homegrown auto major Tata Motors today increased the prices of its passenger vehicles up to 3% due to rise in input costs.

BMW eyeing India for engineering components and services

Sat, 31 May 2008 00:00:00 GMT

New Delhi, 31 May 2008: German luxury car maker, BMW, is looking at the Indian market for high-level sourcing of automotive components, engineering services and IT software....

United India Insurance inks pact with HMSI

Sat, 31 May 2008 00:00:00 GMT

Chennai, 31 May 2008: The United India Insurance Company has signed a pact with Honda Motorcycle and Scooter India (HMSI) for the provision of insurance for new vehicles.....

Ford to build its sub-compact Fiesta from new plant in Mexico

Sat, 31 May 2008 00:00:00 GMT

New York, 31 May 2008: U.S automotive giant Ford will invest $3bn in a new car plant in Mexico, the biggest investment in the country's manufacturing sector.

Hyundai to launch new 1.2-litre 'i10'

Sat, 31 May 2008 00:00:00 GMT

New Delhi, 31 May 2008: Hyundai Motor India Ltd (HMIL), the No.2 car maker in the country, has announced that it will launch a new model of its hatchback 'i10', powered....

Hyundai to launch its small car in India within 3 years

Sat, 31 May 2008 00:00:00 GMT

New Delhi, 31 May 2008: South Korean automaker, Hyundai Motor Co, hopes to launch its small car in India by 2011 or 2012, the Managing Director of its India unit said on Friday.....

'Old is Gold' for modern businessmen

Thu, 29 May 2008 00:00:00 GMT

New Delhi, 29 May 2008: To own a fleet of vintage cars and bikes may be the privilege of Mr.Narayana Murthy, Mr.Ratan Tata, or Mr.Vijay Mallya. But interestingly, now several....

Bajaj 3-wheelers in Sri Lanka might need to convert to gas

Thu, 29 May 2008 00:00:00 GMT

Colombo, 29 May 2008: Bajaj Auto, the market leader in the three-wheeler segment in Sri Lanka, will have to convert to gas fuel if the government of the island country....

Tata shares fall on rights issue plan

Thu, 29 May 2008 00:00:00 GMT

Mumbai, 29 May 2008: Shares in Tata Motors....

GM to adopt further restructuring measures: Report

Thu, 29 May 2008 00:00:00 GMT

New York, 29 May 2008: General Motors Corporation is preparing to announce further restructuring to cut costs and conserve cash amid a downturn in U.S truck sales, the Wall....

Tata Motors to launch world truck in June

Thu, 29 May 2008 00:00:00 GMT

Mumbai, 29 May 2008: Tata Motors will launch their world truck, simultaneously in India and South Korea, in June, said company's Managing Director, Mr.Ravi Kant.

Tata to close Jag deal by June; plans $1.7bn rights issue

Wed, 28 May 2008 00:00:00 GMT

New Delhi, 28 May 2008: Tata Motors said it would raise up to $1.7 billion through three simultaneous rights issues of various securities to help fund its purchase of the Jaguar....

Ford to cut up to 12% of salaried jobs: Report

Wed, 28 May 2008 00:00:00 GMT

Detroit, 28 May 2008: Ford Motor Co plans to cut its U.S salaried work force by up to 12% after its turnaround plan stalled because of the downturn in the U.S economy, the Detroit....

Volkswagen, Sanyo to develop lithium-ion batteries

Wed, 28 May 2008 00:00:00 GMT

Tokyo, 28 May 2008: Sanyo Electric Co and Volkswagen AG said on Wednesday that they would jointly develop lithium-ion batteries, joining an intensifying race to provide the....

Ashok Leyland planning huge capacity expansion

Wed, 28 May 2008 00:00:00 GMT

Mumbai, 28 May 2008: Shares of India's No.2 truck and bus maker, Ashok Leyland, are being weighed down by a large capex plan,....

Toyota, Matsushita JV to build new hybrid car-battery plant

Tue, 27 May 2008 00:00:00 GMT

Tokyo, 27 May 2008: A car battery joint venture between Toyota Motor Corporation and Matsushita Electric Industrial Co Ltd said on Tuesday it would build a $290 million plant....

Volkswagen appoints K.K.Swamy as MD & VP

Tue, 27 May 2008 00:00:00 GMT

New Delhi, 27 May 2008: German car maker Volkswagen on Tuesday....

Apollo Tyres to invest Rs.2000 cr for capacity addition

Tue, 27 May 2008 00:00:00 GMT

New Delhi, 27 May 2008: Apollo Tyres plans to invest Rs.2,000 crore in the next 3 years to increase its production capacity both in the country and abroad.

‘Logan Drivathon’ takes Ahmedabad by storm

Mon, 26 May 2008 00:00:00 GMT

Ahmedabad, 26 May 2008: Enthused by the success of the Logan as mirrored in the vehicle's impressive sales performance,

Autoliv to develop airbag for Nano

Mon, 26 May 2008 00:00:00 GMT

New Delhi, 26 May 2008: Tata Motors has....

Bajaj Auto relist shares

Mon, 26 May 2008 00:00:00 GMT

Mumbai, 26 May 2008: Shares in Bajaj Auto India's No. 2 motorcycle maker, ended their first day of trade after relisting on Monday slightly below market expectations, on....

Hyundai Motor launches extended warranty schemes

Mon, 26 May 2008 00:00:00 GMT

New Delhi, 26 May 2008: Hyundai Motor India, the second largest manufacturer of passenger cars in India, today announced the launch....

Volvo to invest Rs.1082.1Cr in the JV with Eicher

Mon, 26 May 2008 00:00:00 GMT

New Delhi, 26 May 2008: Homegrown commercial vehicle manufacturer Eicher Motors and the world's second largest truck maker Volvo today formalised their joint venture, in....

Volkswagen UP! for Rs.3 Lakh!!

Mon, 26 May 2008 00:00:00 GMT

New Delhi, 24 May 2008: Europe’s largest car maker, Volkswagen,....

Bajaj slams Govt over high interest rates

Mon, 26 May 2008 00:00:00 GMT

New Delhi, 24 May 2008: Bajaj Auto Chairman and Rajya Sabha MP, Mr.Rahul Bajaj, has criticised the government for the higher interest rate scenario faced by consumer durables....

Koito redesigns headlamps for Nano

Mon, 26 May 2008 00:00:00 GMT

Tokyo, 24 May 2008: Koito Manufacturing Co, the maker of headlamps for Lexus-brand cars, is designing lights specifically for ultra-low cost cars as it tries to win more business....

Maruti to abandon ‘small’ car image

Sat, 24 May 2008 00:00:00 GMT

New Delhi, 23 May 2008: India’s first people’s carmaker and the company that defined small cars in the country, Maruti Suzuki India Ltd (MSIL) is slowly abandoning its ‘small’....

Brazil's auto industry cruises as economy booms

Sat, 24 May 2008 00:00:00 GMT

Sao Paulo, 23 May 2008: The U.S. auto market may be flagging, but some customers in Brazil have to wait up to three months to get a car.

Cuban's eyeing the Nano

Sat, 24 May 2008 00:00:00 GMT

New Delhi, 23 May 2008: Joining the list of nations that are keen to have the Nano ply on their roads, Cuba today said the world's cheapest car from the house of Tatas....

No truck deal yet with Renault; says Bajaj

Fri, 23 May 2008 00:00:00 GMT

Mumbai, 22 May 2008: Bajaj Auto Ltd, India's No. 2 motorcycle maker, has not reached a decision on making light trucks with Renault, and is prepared to do it alone,....

Ford abandons 2009 profitability goal

Fri, 23 May 2008 00:00:00 GMT

Detroit, 22 May 2008: Ford Motor Co said on Thursday it no longer expects to meet a long-held goal of returning to profitability in 2009 and would cut production through the....

Toyota to raise overtime pay for 'voluntary' work

Fri, 23 May 2008 00:00:00 GMT

Tokyo, 22 May 2008: Toyota Motor Corp, which a court recently ruled had worked one of its employees to death, said on Thursday it would raise the limit on overtime pay for activities....

Nissan to sell LCVs in India from 2010

Fri, 23 May 2008 00:00:00 GMT

New Delhi, 22 May 2008: Japanese auto major Nissan today said that it will start selling light commercial vehicles in India from 2010.

Mahindra to buy major stake in Kinetic Motor: Source

Fri, 23 May 2008 00:00:00 GMT

Mumbai, 22 May 2008: Mahindra & Mahindra plans to acquire 76% in two-wheeler maker Kinetic Motor Co for Rs.1.2 billion ($28 million), the media reported on Thursday,....

Punjabi techies develop super-mileage solo car

Fri, 23 May 2008 00:00:00 GMT

Chandigarh, 22 May 2008: Imagine doing a 250-km journey from Delhi to Jaipur or Delhi to Chandigarh in a car that will go the distance in just one-litre of petrol...

Lohia Group to venture into electric 2 & 3 wheelers

Wed, 21 May 2008 00:00:00 GMT

New Delhi, 21 May 2008: Diversified business house Lohia Group today announced its foray into the automobile sector with a Rs.150 crore investment to launch electric two and....

Hyundai to hike car prices by up to 2% from June

Fri, 23 May 2008 00:00:00 GMT

New Delhi, 21 May 2008: Hyundai Motor India Ltd (HMIL), today said that it would raise the prices of....

Bosch set to expand business in India

Wed, 21 May 2008 00:00:00 GMT

Jaipur, 21 May 2008: World's second largest automotive parts manufacturer, Bosch, has decided to make a substantial investment in its non-automotive....

Prosecutors seek 6-year jail term for Hyundai Motor Chairman

Tue, 20 May 2008 00:00:00 GMT

Seoul, 20 May 2008: South Korean prosecutors yesterday sought a six-year prison term for Chung Mong-koo, the Chairman of Hyundai Motor, after the Supreme Court last month ordered....

Fiat to launch new versions of 500: Source

Thu, 22 May 2008 00:00:00 GMT

Italy, 20 May 2008: Italian auto maker Fiat SpA plans to introduce eventually a convertible version of its revamped 500 city car along with a station wagon version, a source....

Vintage Ferrari fetches $11 million at auction

Tue, 20 May 2008 00:00:00 GMT

Rome, 20 May 2008: A Ferrari 250 GT California Spyder, once owned by U.S actor James Coburn, fetched nearly $11 million at auction,....

Mitsubishi, Peugeot to form Russia Joint Venture

Thu, 22 May 2008 00:00:00 GMT

Tokyo, 20 May 2008: Japan's Mitsubishi Motors Corp and France's PSA Peugeot Citroen said on Monday that they will set up a joint....

Nissan, NEC to invest $115 mn in battery factory

Mon, 19 May 2008 00:00:00 GMT

Tokyo, 19 May 2008: Nissan Motor Co, NEC Corp and NEC Tokin Corp said on Monday that their battery venture would invest $115

Italy's Iveco keen on JV with Tatas

Mon, 19 May 2008 00:00:00 GMT

New Delhi, 19 May 2008: Italian truck maker Iveco, a company owned by Fiat, has said it will resume talks with India's Tata Motors for a commercial

Mercedes targeting sales of 3000 cars in India this year

Mon, 19 May 2008 00:00:00 GMT

Kochi, 19 May 2008: Automobile maker Mercedes Benz India today said that it is targeting sales of 3000 cars across the country this year, intending to benefit from the growing....

Maruti hikes car prices by up to Rs. 18,000

Mon, 19 May 2008 00:00:00 GMT

New Delhi, 19 May 2008: Reeling under increasing input costs, especially for steel, country's biggest car maker Maruti Suzuki India Ltd (MSIL) has hiked prices of its cars....

Tata Motors launches Indica V2 Xeta LPG

Thu, 22 May 2008 00:00:00 GMT

Mumbai, 18 May 2008: Tata Motors has launched the Indica V2 Xeta LPG. The Indica V2 Xeta LPG is equipped with a dual fuel (petrol and LPG) engine,....

Hyundai plans to launch $3500 car in India by 2012

Sun, 18 May 2008 00:00:00 GMT

Chandigarh, 18 May 2008: Car maker Hyundai Motor India on Friday said it plans to roll out its low-cost car at $3,500 in India by 2012.

Ferrari's new addition, Ferrari California, revealed

Sat, 24 May 2008 00:00:00 GMT

Italy, 15 May 2008: The first official photographs of the Ferrari California, the latest addition to the new generation of Ferraris....

Ford recalls more than 655,000 trucks over hose issue

Thu, 15 May 2008 00:00:00 GMT

Washington, 15 May 2008: Ford Motor Co. is recalling more than 6,55,000 Ford F-150 and Lincoln Mark LT pickup trucks to fix a hose that could affect

Prius Hybrid sales hit 1mn worldwide, says Toyota

Thu, 15 May 2008 00:00:00 GMT

Tokyo, 15 May 2008: Toyota Motor Corporation today said that the cumulative sales of its Prius hybrid car had topped 1 million units worldwide since its launch just over a decade....

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