Bajaj which holds 30% shares in KTM might soon become owner of the European bike major. The promoters of KTM have offered Bajaj to take 90% (incuding Bajaj’s 30% stake). KTM promoters are looking to sell out their 60% shares for a cash offer of Rs1000 crores. If the deal goes through, Bajaj could become …
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Hyundai New Sonata Images
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Batteries for e-Spark from India-GM finalises
GM India has finalized its move to ship in batteries for its e-Spark from India. The earlier move was to get from China or Japan. As a result, the talks with vendors in India has been initiated and a formal agreement might be inked by this June, said the VP for corporate affairs of GM …
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India sidelined by Honda for its global car hub
Honda has formulated the land of Thailand, instead of India, as its car hub for Asia and partial Europe, said the company’s CEO. However, the small car production will see a new perspective by the end of 2011with Thailand all set to be the company’s key sector for exports to the ASEAN countries and segments …
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M&M in search of global tie-ups for its premium bikes
Mahindra&Mahindra is in a vigorous search for the global partners to enter the premium bikes segment. Already it is in touch with Triumph and Moto Guzzi of Britain. The move comes following the company’s take over of Kinetic and it is keen on global tie-up to hit the roads powerfully. The company’s sale of gearless …
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Hyundai Verna Transform Images
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Luxury sports car from Aston Martin quite certain in India
A resolving move from the British car maker Aston Martin Lagonda for instilling the sports pleasure into India seems certain. With the model for India yet to be decided, negotiations are on with the local dealers for the formal launch of the car, said an official spokesman over phone. Amidst the downfall in the industry …
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BMW launches limited edition Gran Turismo
BMW steps into the Financial sector to boost the sale of its cars in India. For this $50 million have been allocated and the official transaction might commence from mid-2010, said the President of BMW India. He disclosed this at the launch of the limited edition of Gran Turismo. In addition, there will be an …
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Volvo
In a bid to increase its sale and to strengthen its base, Volvo is increasing its dealers from the current 7to 12, covering 7 cities. The dealers will be appointed before this year end, said its MD for India. Presently, dealers are in Delhi, Cochi, Hyderabad, Chennai, Chandigarh, Pune and Mumbai and new dealers will …
Toyota
Toyota has just recalled its many vehicles on the basis of various defects and the recent one is with its Prius. The car is facing brake problem and dozens of such complaints have come from North America and Japan. According to the company’s spokeswoman, the complaint is with the model launched last year and the …