South Korea-based leading automaker, Hyundai Motors Co has come up with an upgraded Sonata model. The premium sedan Sonata made its debut in 2002 which was followed by Sonata Embera in 2005. The new model called Sonata Transform is supposed to be the costliest car ever launched by Hyundai Motors. ...

Mahindra and Mahindra Ltd (M&M) on Tuesday (13th January) launched its luxury Sedan XYLO from its Nashik plant. The luxury Sedan will be available at 57 select Mahindra dealerships in January and additional 44 from February, a company statement said.
 
Talking to media on this ...

Leading two-wheeler manufacturing company, Bajaj Auto has announced to launch six new bikes in 2009. The company will launch its new product 135 cc XCD on January 21. The new bike is priced at Rs 45,000. After that, in the months of April and July, the company will unveil two more bikes having ...

Reliance Digital, the consumer electronics arm of Reliance Retail has tied up with REVA Electric Car Company (RECC) to sell electric cars across the country. Electric car Reva will be retailed through Reliance digital outlets existing in different parts of India. As per sources, initially Reliance ...

Tata Motors' delayed ‘Nano’ project got a boost with the Uttarakhand government providing the company an additional 45 acres of land at its Pantnagar facility. This was announced by State Chief Secretary I K Pandey. The decision was taken at a high-powered meeting held chaired ...

Maruti Suzuki India Limited (MSIL) on Friday (26th December) said it has started exporting the newly-launched compact car ‘A-Star’ to Europe. This was a historic step towards making India an export hub of small cars.
 
The first consignment of ‘A-star’ for export has ...

Hyundai Motor India (HMIL) today (27th December) announced a 20-25 per cent cut in production, starting December 29. At the same time, the company said it would increase prices across models by a minimum of 2 per cent in January 09.
 
Almost three weeks ago, the company had slashed vehicle ...

Audi, the German luxury car manufacturer, announced a special offer for its customers – a zero percent financing rate and an extended four years warranty for the Audi A6 range in India. The Audi A6 range includes four variants - 2.8 FSI, 3.2 FSI Quattro, 2.7 TDI and 3.0 TDI ...

Owing to a decline in the sale of cars, Korean car manufacturing company, Hyundai Motors India Ltd has announced to slash the jobs of its 2000 temporary workers. According to reports, the company has over 8400 employees, of which around 3,300 are temporary. The auto company is likely to exercise ...

Birla Tyres, a unit of B.K. Birla group company Kesoram Industries has shut down its plant in Balasore district of Orissa following decline in the demand for tyres. Interacting with the media, S.K. Parikh, Kesoram Industries Director and Company Secretary informed that the company will keep its ...

Owing to the reduction of excise duty and central value added tax (Cenvat) by 4 percent, Audi and Volkswagen have announced the reduction of the prices of their models in India. As per the Audi India source, the Audi A8 model will be cheaper by Rs 2,79,000, Audi Q7 by Rs 1,85,000, Audi A6 by Rs ...

World's largest automobile manufacturer, General Motors Corp (GM) has decided to temporarily shut down its plants and reduce production. The recent move is taken owing to decline in the car sales. Apart from it, the US Senate has also rejected the bail-out package for the automotive industry. GM ...

German diversified technology-based corporation Bosch has announced to close down its Jaipur plant following labour unrest. In a statement to the media, Bosch said that the employees in the Jaipur plant are evading their duties by declaring illegal and unlawful strikes. According to the company, ...

Anil Reddi has been appointed as the new chief of sales department of Audi India. Talking on the occasion, the managing director of Audi India, Benoit Tiers informed that the German luxury car manufacturer is focused on keeping up the momentum of its growth rates in India. The inclusion of Anil ...

India's leading motorcycle maker Hero Honda Motors Ltd has slashed the prices of its products after the government brought a reduction in value added tax as a part of a stimulus package. As per a statement issued by the mo-bike company, Hero Honda has brought a reduction of 1000 to 2000 rupees ...

Car manufacturing companies including Maruti, Hyundai, Mitsubishi and Toyota have declared cut in car prices by 3-3.5%. Passing over the benefit of 4% excise duty cut to customers announced by the government on Sunday, car makers signal a drop in prices in almost all types of cars.
 
Very ...

To bail out the slumping auto industry in America the White House and Congressional negotiators sought to short out remaining difference over an emergency rescue packages. These negotiators tried to come to an agreement to offer to "The Big Three" automakers. The reason behind such a ...

India's leading auto manufacturing companies, Tata Motors Ltd and Mahindra & Mahindra Ltd have decided to close down their plants for six days owing to lack of vehicle demand. The ongoing economic slowdown has badly affected all the major auto companies of the world including the Indian ones. ...

Japan's leading carmaker, Honda Motor Co has withdrawn its Formula One team owing to global economic crisis. The economic slump has lowered the sales of the company hence it decided to withdraw to cut costs. Talking to media, Chief Executive of Honda, Takeo Fukui said that it is a very unfortunate ...

Facing the global credit crisis, South Korea's leading automakers Hyundai Motor and Kia Motors have decided to cut production overseas. Hyundai and Kia together run overseas production in the United States, China, Turkey, India and the Czech Republic. Hyundai posted a 40 percent drop in U.S. ...

One of the leading auto majors of India, Hindustan Motors Ltd has launched its new commercial vehicle 'HM-Shifeng Winner' on December 2. Apart from it, the vehicle manufacturing company has informed to come up with two more variants of the mini-truck in the current fiscal. Hindustan Motors has ...

Japanese bike company Honda has planned to launch its stylish and finest sports motorcycles in India before March 2009. The company will also introduce a new model in the category of 100-150 cc in the same time period.
Honda Motorcycle & Scooter India Private General Manager Marketing N K ...

Fiat India Automobiles Private Limited (FIAPL), the joint venture between Fiat and Tata Motors, has announced plans of attaining a high level of localisation for its latest model - Linea. It aims at manufacturing the car completely at the Ranjangaon facility (Maharashtra), where its 1.3 liter ...

The Japanese company, Suzuki has announced the launch of it super premium bikes 1,340cc Hayabusa and 1,783cc M1800R in Indian market. The high-end bikes from Suzuki will be available at a cost of Rs 12.5 lakh. With the launch of its bikes, the company is expecting to consolidate its brand value in ...

Suzuki Motor Corp Chief Executive Osamu Suzuki on Wednesday (November 26) said that he believed a Chapter 11 bankruptcy filing by former top shareholder General Motors Corp was "100 percent" impossible.
GM, which once owned 20 percent of Suzuki, sold the last 3 percent back to the ...

With a motive to forward credit to its dealers, two-wheeler maker TVS Motor Co has signed an accord with Mumbai-based IndusInd Bank. The alliance with the bank will enable TVS to maintain inventory in the times of economic crisis. Under the agreement, IndusInd bank will help the two-wheeler ...

The highly awaited “Maruti A star” car is finally set to be launched on Wednesday (November 19) in India. The car is a hatchback model that has been designed for the global markets.  Maruti A star, is the fifth global strategic model from Maruti Suzuki. This means that the car will ...

Ford Motor Co has decided to sell 20 percent of its Mazda stake. The company is expected to earn an amount of $540 million by selling its stake. As per company official, the recent step has been taken to raise the badly needed funds. The Ford stake will be acquired by its business partner ...

Delphi Corporation has announced to invest Rs 250 crore to build up an electronics manufacturing plant in Oragadam which is located about 40 km away from Chennai. The company informed that Oragadam plant will start its operation by the end of next year.  The new plant will focus on ...

Force India Formula One Team and McLaren Applied Technologies have entered into a technical tie-up along with Mercedes-Benz High Performance Engines. According to reports, Mercedes-Benz High Performance Engines will provide its engines to Force India's VJM02 cars. Meanwhile, Force India is reported ...