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If winter comes can spring be far behind. This is what happened to REVA Electric car company. With the acquisition bid from Mahindra and Mahindra finalized, it made a reverse impact on the General Motors’ deal for its Spark electric version. Now there would be no deal between GM and Reva. Instead, saod GM’s VP, …
Continue reading “General Motors India pulls out its deal with Reva”
The wave of the LCV from M&M has set in the zones of west and the north in India and the current sweep is directed towards the South. Already the company has secured 25% share in this segment and the production at the Chakan plant is to be increased to 3000 units from the existing …
Continue reading “Mahindra &Mahindra to spread its wave of Maximmo in the South”
India’s largest car maker Maruti has all set to a new record in its innings to get placed in the Guinness Book of World Records. To mark the 5th anniversary of Swift [images], the company there will be a large gathering of Swift in the parade of cars during May 30. the owners of Swift …
Continue reading “Maruti eyes on new record by plying 500 Swifts in 3 facilities”
Volkswagen, the German car maker, is getting a new face with the procurement of 90.1% in Italian auto designer Italdesign. There is no talk of the actual money involved in this deal but the acquiring process will be routed through VW’s Lamborghini sport car unit. While the remaining shares will be rested with Giugiaro family, …
Continue reading “Volkswagen stakes a major claim in the designer Italdesign”
The country’s largest truck maker Mahindra&Mahindra is on the verge of launching anLCV in sub 1-tonne segment called Maxximo. Other variants will follow suit in this platform, said the company’s official, without revealing any further information. In addition, there will be a launch of a passenger carrier on the Maximmo [images] platform of 1-tonne payload. …
Continue reading “Mini-truck and passenger carrier from Mahindra”
The Japanese thunder Kawasaki is rolling down into the roads of India making a thumping launch of its high capacity bikes. Once launched, the bikes will be the real Superbikes which the sporty lovers are eagerly waiting for at a nominal price. However, a final word about the launch of Ninja 650R is to come …
The German car manufacturer Mercedes-Benz has kicked off the launch of the luxury Class C. the event coincided the announcement of dealerships in the fast growing Andhra Pradesh market. The C-class [images] car will provide fantastic fuel efficiency and lower emissions thanks to the newly injected gasoline technology (CGI), said the director for corporate affairs …
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As expected, Mahindra and Mahindra has bought 55% stake in Reva. It will buy shares from the founders of Reva. Additionally, it will invest in fresh equity worth Rs 45 crore ($9.5 million), Mahindra said in a statement.
General Motors is on the anvil of increasing its output of engines and cars at the Talegaon facility to each 3 lakhs annual units. This will be materialized with the introduction of second phase to 1.6 lakhs(engines) and 1.4 lakhs(cars) at this car plant. The same plant will witness the combined production of petrol and …