To consolidate its presence in the Indian market, BMW has found a new entity- Financial service- with an investment of $50 million. Binding with the norms prescribed for the Non-Banking Finance Company, the company will operate with a license. The deal will be with retailing automobile financing for its vehicle, fleet owners and commercial financing. …
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A race ahead for two wheeler makers
Hero Honda and Bajaj both had a good stint in 2009 with new sale hits. Hero Honda grabbed the sale volume of 4.4 million with a market share of 59%. But the beginning of 2010 saw the entry of more companies who are likely to launch some 20 models. Yamaha, Suzuki and Honda are in …
Bajaj to thrive on its new spirit of Pulsar and Discover
Bajaj Auto has set a target of 1.25 lakh Pulsars and 1 lakh units of Discover in the coming days, said its CEO for two wheelers. This figures are for the domestic market inducing the growth rate he added. The target for the period till March is 1 lakh units of Pulsar and Discover and …
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Maruti to gain out of tax relief
Maruti Suzuki is likely to gain a lot, say Rs40000, from its new Swift which has procured tax reliefs. The losers are the customers, on the other hand. The company is in the market sharing a lion’s share(50%) and has launched the new petrol version (1.2lit) Swift while retaining the 1.3lit version at Rs4 lakhs. …
Cars for lease from BMW
Now the trend towards car being leased is initiated by BMW for its luxury cars. This will benefit those who cannot afford for outright purchase and the lease is available on time bound with an option of resale. BMW, after taking over the reign of supremacy in the luxury car, from Mercedes is keen on …
Switch over to safety, Honda proclaims
City Cars made from Honda in 2007, numbering about 8532 , will get a new lease of life with the switch over of safe switch by the company. This is a third such attempt by Honda in India, and a part of its global recall of 6.46 lakhs for such defects in its series – …
Toyota in a jeopardy over the recall
Toyota recalled millions of vehicles for defective functioning and it sees a grave danger in the sale in 2010. The hit will be severe for Toyota in the US wherein the company has withdrew 8 most popular models last week on the basis of accelerator pedal snag. But the company expects the reversal of fortune, …
China may lag behind India in car export
The envious position of India in car export will be a threat to its neighbor China, observe the analysts in the industry. The executive VP of Renault (Asia and Africa) an ex-head of Dongfeng Motor of China, admits that the Chinese manufacturing feeds the demand of its domestic market with huge output of cars. He …
Refreshed Volvo S80 drives Green with Twin-Turbo Diesel Engine
The Automobile world colossal Volvo made a fast start to the New Year with refreshed Volvo S80 which sounds as a first class exclusiveness with High-performance, twin-turbo Diesel with 205 Hp and 420 Nm torque. The new Volvo S80 provides top- class fuel consumption and CO2 emissions, coupled with the autograph of Volvo’s safety features. …
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Mahindra announces price of Maxximo
As you read it, Mahindra and Mahindra today officially launched the Maxximo. Maximmo is priced Rs2.79 lakhs (Ex-showroom Mumbai). Maximmo will be available in BSII and BSIII variants