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The South Korean car manufacturer Hyundai is to invest Rs800 crore for its small car plant in India. The unit will start functioning within next two years and the car will be smaller than Santro. Hyundai is operating in India as the own subsidiary and the new small car will be targeted towards India only …
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Amidst its hectic parleys for the global market, the Japanese car maker Nissan has opened its corporate office in Chennai recently, at T.Nagar. The premises has 10000 sq.ft and the manpower of 56 employees which is to be doubled next year. Nissan likes to print a thumping presence in the Indian market with its unit …
The capital city of India, New Delhi, will wear a new look with all automobiles taking the guard of green diesel- ultra low sulphur diesel- to prevent pollution. In this fuel, the content of sulphur is one-seventh of the content in diesel. The move is the follow up of the Euro IV norms applicable for …
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Mahindra and Mahindra’s concern First Choice Wheels is in a bid to have a truck with Syndicate bank for arranging loans against used cars @ 9percent interest rate. The move comes in the wake of the potential for the used cars in the country, which is dominated by the unorganized players. The problems that the …
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The onset for the JV between Honda group and Hero group is still alive, as Honda expressed its commitment to torch the flame. Hero Honda is the world’s largest two wheeler maker in which Honda and Hero group has 26% each in the JV. But there has been an air of speculation that Honda is …
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Mahindra’s Firstchoice is the sale unit of pre-owned cars and this unit has set a target of selling one lakh cars by 2014. Already the company has sold about 10250 cars through its 60 outlets last year. For this year, the target is 18000 units of which 9000 have already been sold, said its CEO. …
The India’s most popular electric auto maker Reva Electric car company is seeking an ideal platform to enter the US and European market, under the contract basis. This is in a bid to double its sale by 2011-12. In the US, the prospective deal with Bannon Auto is mooted and is yet to be finalized, …
The Chakan plant of Volkswagn is to have tight schedule for Skoda drive, as the steps are on for increasing the volume of Fabia and the sedan, for the Indian market. There will be flexibility for the production in the Chakan unit and the one in Aurangabad, said the company’s Senior GM. The Fabia hatchback …
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The most popular car makers in India, Maruti, Hyundai, Tata Motors and others are increasing their ad campaigns through cell phones, which according to them, fetches more positive results. The ads through this mobile phones constitute some 31% of buying decisions than the global buyers, estimates Carsonline. Of late, there is an increase in the …
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