Mahindra First Choice Wheels Limited, which is a pre-owned car retailing company, has signed a MoU with Syndicate Bank to finance the purchase of vehicles by dealers and retail customers.
 
"This facility of financing at attractive rates, from Syndicate Bank, will help us provide ...

Tata Motors, India’s automobile major, has reported a growth of 18% during July 2009 making the total sales to 48,054 vehicles against 40,729 units sold during July 2008.
 
According to Tata Motors, the domestic sales of both commercial and passenger vehicles has surged by 23% to ...

Bajaj Auto, India's second largest two-wheeler manufacturer has reported that its sales have dipped 0.7% last month to 168,731 units as compared to 169,971 units sold in July 2008.
 
According to the company statement, sales of motorcycles have decreased by 0.3% to 168,163 units in July ...

Hinduja Foundries, a member of Hinduja Group, has reported a net loss of Rs.10.44 crore for 2009-2010 Q1 against a profit of Rs.4.57 crore in the like period last year.
 
The company's turnover for the first quarter stood at Rs.67.03 crore as compared to Rs.125.20 crore a year ago, a fall of ...

Honda Motor Co witnessed a dip in its net profit by 95.6% to 7.56 billion yen ($80 million) in the April-to-June quarter because of a global decline in auto sales.
 
Despite of cost-cutting measures showing some positive effects in earnings results in Honda's first quarter, Honda said that ...

Tata Motors, one among India’s automobile majors, has announced that State Bank of Hyderabad will provide finance the Fiat cars that are brought via Tata-Fiat dealer network.
 
Customers will be able to avail loans up to 85% of the “on-road price'' for a period of up to 7 years ...

Tata Motors, the Indian automobile major, has reported 57.5% increase in its net profit at Rs.513.7 crore for the quarter ended June 30, as compared to Rs.326.11 crore in the like period last fiscal.
 
Total income has witnessed a decrease by 7% to Rs.6,723.9 crore from Rs.7,244 crore. ...

The country's second largest car maker Hyundai Motor India will shift the production of its i20 model for exports from here to Europe some time next year, a top official said Saturday.
 
The company has been rolling out this model, for both domestic and overseas markets, from its ...

Volkswagen, the German car manufacturer, has agreed to forge a new global automotive powerhouse by mounting a two-step 8-billion-euro takeover of the legendary sports vehicle group Porsche.
 
Announcing the agreement, Volkswagen (VW) chief, Martin Winterkorn, said the way was now free for ...

Hyundai Motor India, India's second largest car maker, has announced 21-24 percent increment in the wages for workers at its plant near Chennai.
 
The three-year wage agreement is effective from April 1 this year, the company said. It will benefit all permanent workers at the factory, ...

Maruti Suzuki, the leading manufacturer in Indian small car segment, has reported a 25.3% increase in net profits to Rs.583.5 crore for the quarter ended June 30 compared to Rs.465.9 crore it earned in the corresponding period the previous fiscal.
 
Net sales grew 34% to Rs.6,340 crore in ...

Magna, the Canadian auto-parts giant and the Savings Bank of the Russian Federation, Sberbank, have jointly submitted a bid for the acquiring of 55% stake in the troubled General Motors' Opel. Belgium's investor RHJ International and China's Beijing Automotive Industries are the other two ...

The Indian arm of Swedish car major Volvo Car Corp, Volvo Car India, is optimistic about the Indian luxury car market. So the company is planning to expand its footprint across the country.
 
Volvo entered the Indian market in 2007. Currently it has plans to introduce new models in India ...

The Japanese auto giant, Nissan Motor Co, is betting big on India not only for manufacturing cars for domestic and overseas markets but also for sourcing components for its global operations.
 
Nissan will be rolling out three different variants of its hatchback and sedan models, as well as ...

Ashok Leyland, India’s second largest truck manufacturer and the US-headquartered John Deere Construction and Forestry Company on Monday announced the floating of a 50:50 equal stake joint venture company to manufacture and market earthmoving equipments.
 
The company Ashok Leyland ...

Yamaha India has plans to promote its sales by cashing in on trends like MTV Roadies, which promote motorcycle touring.
 
"Touring as a culture is developing in India. Fazer, our latest model, is aimed at this niche concept," said Sanjay Tripathi, head of Yamaha India's product ...

 Tamil nadu will soon get its first battery-powered car plant and India its second, to be set up by electric vehicle manufacturer Bavina.
According to a government statement Friday, Bavina cars India has been allotted 100 acres in the special economic zone (SEZ) in Ranipet near here, promoted ...

BMW's luxury hatchback cars that cost around Rs.20 lakh are coming under the Mini brand.  The company says that they may not launch this in Indian Market in 2009. 
"Talks are still on regarding the launch of Mini brand over here. Market for such cars hasn't developed in the ...

The sales of domestic passenger-car increased by 7.81% to 1,07,531 units in June 2009 from 99,741 units in June 2008.



According to the figures which was released by the Society of Indian Automobile Manufacturers (SIAM) today, motorcycle sales in the country during the month was up ...

The Union Budget, which was presented on Monday, has reduced the duties on large cars. A leading NGO quoted that this would increase air pollution in a big way.


In his budget speech at parliament Pranab Mukherjee reduced a "component" added to the 24% ad valorem duty on large cars ...

Hindustan Motors on Monday said that it has plans to revise the prices of various vehicle models for passing on to its customers since Finance Minister Pranab Mukherjee announced the benefit of excise duty cut on certain categories of cars. 

"Hindustan Motors is passing on the entire ...

Renault-Nissan will do the large-scale testing of its new electric cars in Paris and Milan next year. The tests will be done ahead of mass production, which is planned for 2012. 
The tests will include a trail in Paris of a new car charging network being built in association with French ...

The second largest commercial vehicle manufacturer of India, Ashok Leyland, is looking to spin off its design engineering unit Defiance Technologies into a group company.

Defiance Technologies offers virtual engineering services, starting from the basic design to the high-end predictive analysis ...

TVS Motor Co has seen its June sales of two-wheelers increasing 6% over that registered in the corresponding month last year.

In a statement, TVS said last month's two-wheeler sales totalled 115,448 units as against 109,082 units sold in June 2008.

But, this number is lower than its May ...

Italian scooter maker Piaggio SpA has begun making Vespa scooter at its first plant in Vietnam, thus making inroads into one of the largest scooter markets of the world. Piaggio plans to sell about 50,000 Vespas annually from its $ 30 million plant in northern province of Vinh Phuc, near capital ...

Japan’s third biggest auto giant Nissan has invited $250 million outsourcing bid from companies like Wipro, TCS, IBM, and Mahindra Satyam, even as Japanese companies are increasingly looking at India for IT outsourcing.
Companies like Toyota and Sony are looking to reduce their operational ...

Italian car giant, Fiat launched its premium small car Grande Punto in India in both petrol and diesel variants. Rajeev Kapoor, CEO of Fiat India Automobiles Limited (FIAL), said that the launch of Grande Punto carves a new milestone for Fiat in India after bringing the Italian designs to ...

TVS Motor is all set to foray into US market with its premium 160cc bike Apache RTR by this year. TVS Motor will be the second indigenous company to enter into US market. Apart from TVS, utility vehicle maker Mahindra & Mahindra is also considering to launch its flagship Scorpio SUV in the US. ...

Car giant Honda, launched its compact car, Jazz, in the Indian market. With this, Honda Siel, a joint venture between Honda and India’s Siel Limited, has made a foray into the small car segment. This segment is dominated by Maruti Suzuki and Hyundai Motor.

Jazz would initially be ...

General Motors launched the LPG version of popular car Chevrolet Spark in Mumbai. The car is GM India’s first liquefied natural gas car in India. It was built at the Talegaon plant in Maharashtra.

The car is obviously eco-friendly on the basis of less emission. The running cost is low and ...