Auto News – Feb 2007

*Here is the budget impact on automotive sector, budget 2007 has no major announcements for automotive sector.For the sector the budget remains neutral. Manufacturers said 1% increase on education cess from the previous 2% will be passed on to the customers. For more

*Yamaha may move out of india because of its declining sales.With a marketshare of just 3.76%, Yamaha is fourth among India’s top five bike makers.The financilal condition of yamaha motors is said to be critical For more

*Nissan is going to launch its new sedan ‘Teana’ in India.The gasoline car will be priced between 22-24lakhs will take on Toyota camry and recently launched 7th generation Honda accord.For Nissan Teana review and technical specification

*Tamilnadu may be the manufacturing base for the trio- Nissan, Mahindra and Renault. The trio may choose Tamilnadu over Mahrastra for the new plant. Official statement is expected on 26th Feb.The trio may produce 8lakh vehicles in the new plant.For more

*Tatas plan new indica range to counter swift diesel.For more

*Hyundai will launch a new small car named “pa” either in the fourth quarter of 2007 or early next year. The car will be positioned between getz and santro.For more

*Ford has launched the seventh model of Fiesta.The new Fiesta 1.4 L ZXI is priced at Rs 6.30 lakhs, ex-showroom, Chennai.

*The government on Feb 22nd invited bids from public sector financial institutions and mutual funds for its remaining 10.27 per cent stake in Maruti Udyog Limited that would bring in Rs 2,700 crore.For more

*Country’s second-largest car manufacturer Hyundai Motor India Ltd (HMIL) has sold one million sales mark for its flagship product ‘Santro’.

*Tata Motors has extended the application of the same 1.4-litre common rail diesel (DICOR) engine to the Indigo Sedan and Estate range.For more

*Another new small car from an indian manufacturer is going to be launched in 2009 not from Tata or Mahindra but from a new manufacturer.Hyderabad-based MLR Motors Private Limited is setting up a Rs. 2,500-crore car manufacturing unit on the outskirts of Hyderabad and plans to roll out its entry-level diesel cars in 2009.MLR Motors, which is headed by B. V. R. Subbu, former president of Hyundai Motor India Limited, has bought the daewoo india plant for Rs765crore.For more

*Daimler-chrysler -world’s fifth-biggest carmaker could spin off or sell loss-making U.S. arm Chrysler.Hyundai has denied the speculation that it may buyout the chrysler. Various news agencies has posted GM may acquire chrysler.For more

*Bajaj has launched much awaited pulsar 200cc india’s first bike engine to have oil cooler.By May, the Pulsar 220 cc with fuel injection will be launched and the following month the 200 cc cruiser bike Avenger will hit the market. Fuel injected DTS-i 220 cc bike could cost about Rs. 80,000-Rs 85,000, while the just launched 200 cc Pulsar DTS-i had been priced at Rs. 65,497. The company would gradually phase out its entry-level bikes `Platina’ and `CT-100. To counter Bajaj Pulsar 220cc HeroHonda will launch the fuel-injected version of its 223cc Karizma(Karizma has already hit our TV screens).Hero Honda might also launch PGM-FI version of achiever to boost its numbers.Racing bike manufacturers Suzuki and Yamaha are expected to roll out models to capture this new segment.America’s cult bike brand Harley Davidson is also exploring the opportunity to sell it’s bike in india.

For pulsar 200cc features and technical specifications visit bajaj pulsar page.

PGM-FI–programmed fuel injection.Fuel injection(direct injection of fuel into the cylinder against through carburettor) has long been used in cars(u might have heard MPFI in maruti cars like swift).Hero Honda Glamour FI is the India’s first fuel injected version of bike.Fuel Injection gives you better pick-up and fuel efficiency than carburretor version of a bike.Overdrive magazine has calculated that premium you pay for these bikes equals the savings on fuel.

*Fiat said “ferrari will be launched in india within 5 years” and Fiat also said “alfa romeo will be launched in india within 2 years”.for more

*Honda is going to roll out 100cc bikes in india.

*Hero Honda will launch revamped models of achiever and Karizma.

*CSE-centre for science and environment has notified the government to curb the tax sops enjoyed by diesel cars.For CSE letter on diesel cars
Whereas SIAM-society of automotive manufacturers has proposed the government to reduce the excise duty on all cars from 24% to 16% (currently engines under 1500cc for diesel and 1200cc for petrol falls under tax band of 16%.)

*Burmans(promoters of dabur india) holding 14.5% stake and actis holding 29% are selling their stake in Punjab tractors.Key contenders are Mahindra&Mahindra, TAFE, Sonalika tractors and Tata – Fiat.The deal is expected to be over 800crores.

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