Tata Motors further sweetened its ultra low cost Nano by adding an electric variant. The world’s cheapest car is now environmental friendly. Nano electric is unveiled at Geneva motor show. Mr. Ravi Kant, Vice Chairman, Tata Motors, said, “Electrification will be an integral part of our initiative to launch environment-friendly vehicles. The Indica Vista EV …
Category Archives: Auto News
Toyota increases prices of Corolla Altis, Innova and Fortuner
Following the hike in excise duty, Toyota has raised prices of Corolla altis, Innova and Fortuner. Following are the details * Price hike of Corolla altis by Rs18,900 * Rs16,000 price hike for Innova * Rs30,500 price hike for Fortuner
Cars to cost more thanks to the budget
The Indian Finance Minister’s budget involving an increase in the excise duty-from 2% to 5%- has made Maruti and Hyundai to effect the rise in their price for cars. The hike may be around Rs25000 with Maruti slating the increase by 2% Hyundai said the rise will be somewhere in the range of Rs6500-Rs25000. Volvo …
Tata Motors may hike prices following excise duty increase
The new budget has made Tata Motors to hike prices- due to increase in excise duties to 10%. This may see the hike in Tata Motors – Rs60000-Rs70000 in heavy vehicles and Rs5000-Rs6000 in smaller vehicles, said its MD for Operations. The company has the practice of passing over the fiscal variations on to the …
Continue reading “Tata Motors may hike prices following excise duty increase”
Tata Motors smiles at the sale of JLR in Q3
Tata Motors is full of smiles at the sale profit yielded through the Jaguar Land Rover- Rs650.26 crore and the net profit amounting Rs416.96 crore in Q3 FY. This reversal of fortune is compared to the net loss of Rs2598.83 crore in 2008-09. According to the company’s Vice-Chairman, the net profit was feasible due to …
Continue reading “Tata Motors smiles at the sale of JLR in Q3”
The future will be bright for Electric vehicles
Following some gladdening relief announced in the latest budget by the government, the electric car makers are sharpening their tools to play more. This will reflect the fall in the prices in the month to come. The Union Finance Minister reduced the customs duty- from 24% to 4%- levied on import of components for such …
Continue reading “The future will be bright for Electric vehicles”
New WagonR from Maruti by April 2010
Update: Checkout our Maruti New WagorR 2010 special Slideshow Update – 2: Maruti 2010 Wagon-R specifications, features, variants and colours Maruti has chalked out its release of new Wagon R in this April, phasing out the existing one. To cost Rs3.3 lakhs, the newer version will be equipped with more space, a new K series 1lit …
LeasePlan to procure more cars at Rs300 crore investment
The car rental and lease company in India Leaseplan announced its plan to invest Rs300 for securing 5000 cars this year. This is double to the one in last year. LeasePlan is a car rental and leasing company of the Netherlands in which VW has 50% share.Started in 1999 the company has been making domestic …
Continue reading “LeasePlan to procure more cars at Rs300 crore investment”
Mercedes-Benz February sales up by 78 per cent
Mercedes-Benz on the vertical horizon over its sale in February 2010. The sale – 439 units in this month is highly appreciable as the sale in the respective month of 2009 was 246 units. This made the accumulated total sale to 842 units in the bygone months of 2010 which is again a two-fold increase …
Continue reading “Mercedes-Benz February sales up by 78 per cent”
Toyota
Toyota Kirloskar Motors of India is facing some critical moments with its Prius, as the global markets for this car is at jolt. But for India, the company prefers to deal with it as the CBU to avail subsidy on greener aspects. Counted on the current duty on CBUs (100%) the car may cost around …