automobile manufacturer

Mercedes to increase investments to Rs.850 crore


September 5th, 2012 - 7:57 pm ICT by IANS
New Delhi, Sep 5 (IANS) German automobile manufacturer Mercedes-Benz Wednesday said it plans to increase investment in India to Rs.850 crore by 2014.The company, which has already spent in ... Read more...

Posted in Business |

Maruti to restart Manesar plant next week


August 16th, 2012 - 10:28 pm ICT by IANS
New Delhi, Aug 16 (IANS) Troubled automobile manufacturer Maruti Suzuki Thursday said that it will restart production at its violence-marred Manesar factory from Aug 21, 2012.The company will initially produce ... Read more...

Posted in Business |

Toyota to invest $500 mn in Brazil


August 9th, 2012 - 1:37 pm ICT by IANS
Rio de Janeiro, Aug 9 (IANS) Japan's automobile manufacturer Toyota has announced an investment of 1 billion reais ($500 million) to set up an engine factory in Brazil.The announcement Wednesday ... Read more...

Posted in Business |

Auto sales remain subdued in June (Roundup)


July 2nd, 2012 - 8:02 pm ICT by IANS
New Delhi/Chennai, July 2 (IANS) Amid a general slowdown of the economy, India's major auto companies posted meagre sales for June, blamed on hikes in fuel prices and interest costs.Passenger ... Read more...

Posted in Business |

General Motors launch Captiva SUV’s new model


June 26th, 2012 - 9:59 pm ICT by IANS
New Delhi, June 26 (IANS) Automobile manufacturer General Motors India Tuesday launched its next generation sport utility vehicle (SUV)-- Chevrolet Captiva 2.2 AT AWD priced between Rs.1,874,062-2,459,000 (ex-showroom Delhi)."In India, ... Read more...

Posted in Business |

Hyundai enhances supply of its diesel powered i20 and Verna


April 16th, 2012 - 5:41 pm ICT by IANS
New Delhi, April 16 (IANS) Automobile manufacturer Hyundai Monday said it is enhancing the supply of its hatchback i20 diesel and sedan Verna diesel models."Increased supply will ease the waiting ... Read more...

Posted in Business |

Renault unveils new variant of Fluence sedan


April 3rd, 2012 - 6:08 pm ICT by IANS
New Delhi, April 3 (IANS) Automobile manufacturer Renault India Tuesday unveiled Fluence E4D, a new variant of its luxury sedan, featuring a more powerful diesel engine."The new Fluence E4D will ... Read more...

Posted in Business |

Bajaj Auto’s March sales up nine percent


April 3rd, 2012 - 3:21 pm ICT by IANS
New Delhi, April 3 (IANS) Two and three wheeler manufacturer Bajaj Auto Tuesday reported an increase of nine percent in its monthly sales for March at 335,515 units - up ... Read more...

Posted in Business |

Italy seizes Gaddafi assets worth $1.4 bn


March 30th, 2012 - 6:14 am ICT by IANS
Rome, March 30 (IANS/AKI) Assets worth $1.1 billion euros (about $1.4 billion) belonging to Libya's Gaddafi family were seized by the Italian police.The assets included stocks, real estate, a share ... Read more...

Posted in Politics |

Renault to launch two more models in India in 2012


January 17th, 2012 - 7:55 pm ICT by IANS
Chennai, Jan 17 (IANS) French automobile manufacturer Renault will launch two more cars in India this year of which sports utility vehicle (SUV) Duster will be one.In a statement issued ... Read more...

Posted in Business |

Mahindra to hike XUV500 models’ price from next month


December 28th, 2011 - 11:01 pm ICT by IANS
Mumbai, Dec 28 (IANS) Automobile manufacturer Mahindra and Mahindra Wednesday said it would raise prices of its newly launched XUV500 sport utility vehicle from Jan 1, 2012, due to increase ... Read more...

Posted in Uncategorized |

Honda launches new variant of City sedan


December 14th, 2011 - 8:40 pm ICT by IANS
New Delhi, Dec 14 (IANS) Automobile manufacturer Honda Wednesday launched a new variant of its mid-size sedan City, priced between Rs.6.99 lakh and Rs.10.22 lakh (ex-showroom Delhi).The company said the ... Read more...

Posted in Business |

Ferrari unveils diamond-encrusted biography, costliest ever


December 1st, 2011 - 8:35 pm ICT by IANS
New Delhi, Dec 1 (IANS) Italian automobile manufacturer Ferrari Thursday unveiled its official biography "The Ferrari Official Opus" -- the diamond-encrusted volume is priced at $250,000 (approx Rs.1.3 crore) making ... Read more...

Posted in Business |

Indian F1 promoters hope to break even in three years


October 18th, 2011 - 11:39 pm ICT by IANS
New Delhi, Oct 18 (IANS) The promoters of the inaugural Indian Formula One (F1) race facility Tuesday said that they are confident of breaking even in two-three years."The break-even on ... Read more...

Posted in Business |

Mahindra to launch Reva NXR in six months


October 7th, 2011 - 2:51 pm ICT by IANS
New Delhi, Oct 7 (IANS) Electric automobile manufacturer Mahindra Reva will launch its new car NXR in the next six months, says a top company official."We are at the final ... Read more...

Posted in Uncategorized |

Learn the art of speed on F1 race track


October 3rd, 2011 - 5:35 pm ICT by IANS
Greater Noida, Oct 3 (IANS) Motor sports enthusiasts wanting to learn the art of speed with the elegance of making a sharp turn now need not pursue their dreams on ... Read more...

Posted in Sports |

Nissan launches mid-size sedan Sunny


September 20th, 2011 - 8:55 pm ICT by IANS
New Delhi, Sep 20 (IANS) Japanese automobile manufacturer Nissan's Indian subsidiary Tuesday launched its sedan car Sunny priced between Rs.5.75 lakh and Rs.7.68 lakh (ex-showroom)."We are certain that Nissan Sunny ... Read more...

Posted in Business |

Toyota launches diesel variant of Liva and Etios Liva


September 9th, 2011 - 8:00 pm ICT by IANS
New Delhi, Sep 9 (IANS) Automobile manufacturer Toyota Kirloskar Motor (TKM) Friday launched the diesel variants of two of its cars -- the entry-level sedan Etios and hatchback Etios Liva.The ... Read more...

Posted in Business |

Advanced Bolero to attract more buyers


September 9th, 2011 - 6:09 pm ICT by IANS
Chennai, Sep 9 (IANS) Automobile manufacturer Mahindra & Mahindra Ltd (M&M;) is targeting owners of hatchback and sedan cars with an advanced model of its sports utility vehicle (SUV) Bolero, ... Read more...

Posted in Business |

August auto sales slump on high fuel, interest costs (Roundup)


September 1st, 2011 - 8:09 pm ICT by IANS
New Delhi/Chennai, Sep 1 (IANS) The Indian automobile sector Thursday reported dismal sales for August, as demand continued to be hit by high interest costs and fuel rises.Sales of Maruti ... Read more...

Posted in Business |

Mercedes launches the next-generation SLK 350


August 11th, 2011 - 12:43 am ICT by IANS
New Delhi, Aug 10 (IANS) German luxury automobile manufacturer Mercedes-Benz launched the new generation of its SLK brand car SLK 350 priced at Rs.61.9 lakh (ex-showroom Delhi)."The New SLK 350 ... Read more...

Posted in Uncategorized |

Audi launches the new A6 sedan


August 3rd, 2011 - 6:15 pm ICT by IANS
New Delhi, Aug 3 (IANS) German automobile manufacturer Audi Wednesday launched a new variant of its executive class sedan Audi A6 in the price range of Rs.37.7 lakh to Rs.47 ... Read more...

Posted in Uncategorized |

Scooters India losses pegged at Rs.18.44 crore this fiscal


August 2nd, 2011 - 7:43 pm ICT by IANS
New Delhi, Aug 2 (IANS) The soon-to-be sold, state-run automobile manufacturer Scooters India is expected to suffer losses to the tune of Rs.18.44 crore in the current fiscal, according to ... Read more...

Posted in Business |

Mercedes-Benz sells 90 C-class cars’ to Carzonrent


July 18th, 2011 - 9:49 pm ICT by IANS
New Delhi, July 18 (IANS) German luxury automobile manufacturer Mercedes-Benz Monday gave away keys to 90 of its C-class brand cars to mobility solution provider Carzonrent."Indians today lead global lifestyles ... Read more...

Posted in Business |

Mahindra to sell 120,000 SsangYong cars globally this year


June 22nd, 2011 - 10:36 pm ICT by IANS
Kolkata, June 22 (IANS) Automobile major Mahindra and Mahindra Ltd is aiming to sell 120,000 South Korean SsangYong cars globally this year, the company said Wednesday."We are aiming to sell ... Read more...

Posted in Business |

Volkswagen unveils world’s most economical car doing 313 miles per gallon


January 27th, 2011 - 1:34 pm ICT by ANI
London, Jan 27 (ANI): Automobile manufacturer Volkswagen has unveiled the world's most economical car, which it says can travel 313 miles on a gallon of diesel.The XL1 Super Efficient Vehicle emits just ... Read more...

Posted in World |

Mercedes-Benz India rolls out 30,000th car (With Image)


December 8th, 2010 - 7:20 pm ICT by IANS
Pune, Dec 8 (IANS) German luxury automobile manufacturer Mercedes-Benz's Indian subsidiary Wednesday announced the roll-out of its 30,000th locally assembled car. The car, a Mercedes-Benz E-Class, rolled out from its factory here ... Read more...

Posted in Business |

November car sales zoom (Second Lead)


December 1st, 2010 - 10:32 pm ICT by IANS
New Delhi/Chennai, Dec 1 (IANS) Indian automobile manufacturers by and large Wednesday reported good sales figures for November on the back of a spurt in demand during the festive season.Market leader Maruti ... Read more...

Posted in Business |

Auto makers report good sales figures in November (Lead)


December 1st, 2010 - 7:03 pm ICT by IANS
New Delhi/Chennai, Dec 1 (IANS) Indian automobile manufacturers by and large Wednesday reported good sales figures for November due to the festive season which led to the rise in demand.Market ... Read more...

Posted in Business |

General Motors November sales up 17.67 percent


December 1st, 2010 - 5:38 pm ICT by IANS
New Delhi, Dec 1 (IANS) General Motors India Wednesday reported a growth of 17.67 percent in its November sales this year, which stood at 8,376 units as against 7,118 units in the ... Read more...

Posted in Business |

Honegg to replace Aulbur as Mercedes’ India chief


November 27th, 2010 - 8:46 pm ICT by IANS
New Delhi, Nov 27 (IANS) German luxury automobile manufacturer Mercedes-Benz's Indian subsidiary Saturday said that Peter T. Honegg will succeed Dr. Wilfried Aulbur as the new manging director and chief executive in ... Read more...

Posted in Business |

Chinese automaker considering purchase of large stake in GM


September 21st, 2010 - 3:46 am ICT by BNO News
DETROIT (BNO NEWS) – China’s largest car manufacturer, SAIC Motor Corp., on Monday said that the company is considering buying a sizable stake in General Motors Co. (GM) when the U.S. company ... Read more...

Posted in Business |

Toyota’s August sales up 26 percent


September 4th, 2010 - 7:10 pm ICT by IANS
New Delhi, Sep 4 (IANS) Automobile manufacturer Toyota Kirloskar Motor (TKM) Saturday reported a growth of 26 percent in its sales in August which stood at 6,361 units as against 5,045 units ... Read more...

Posted in Business |

Ruia Group to bid for SsangYong Motor by Aug 10


July 21st, 2010 - 5:51 pm ICT by IANS
Kolkata, July 21 (IANS) City-based Ruia Group will make a bid to acquire the South Korean SsangYong Motor by Aug 10, a spokesperson for the Group told IANS Wednesday. SsangYong Motor has been ... Read more...

Posted in Business |

Hindustan Motors to report to BIFR (Lead)


May 3rd, 2010 - 8:22 pm ICT by IANS
Kolkata, May 3 (IANS) After losing more than 50 percent of its net worth, automobile manufacturer Hindustan Motors has decided to report to the Board for Industrial and Financial Reconstruction (BIFR) under ... Read more...

Posted in Business |

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