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Mahindra&Mahindra is in a vigorous search for the global partners to enter the premium bikes segment. Already it is in touch with Triumph and Moto Guzzi of Britain. The move comes following the company’s take over of Kinetic and it is keen on global tie-up to hit the roads powerfully. The company’s sale of gearless …
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A resolving move from the British car maker Aston Martin Lagonda for instilling the sports pleasure into India seems certain. With the model for India yet to be decided, negotiations are on with the local dealers for the formal launch of the car, said an official spokesman over phone. Amidst the downfall in the industry …
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BMW steps into the Financial sector to boost the sale of its cars in India. For this $50 million have been allocated and the official transaction might commence from mid-2010, said the President of BMW India. He disclosed this at the launch of the limited edition of Gran Turismo. In addition, there will be an …
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In a bid to increase its sale and to strengthen its base, Volvo is increasing its dealers from the current 7to 12, covering 7 cities. The dealers will be appointed before this year end, said its MD for India. Presently, dealers are in Delhi, Cochi, Hyderabad, Chennai, Chandigarh, Pune and Mumbai and new dealers will …
Toyota has just recalled its many vehicles on the basis of various defects and the recent one is with its Prius. The car is facing brake problem and dozens of such complaints have come from North America and Japan. According to the company’s spokeswoman, the complaint is with the model launched last year and the …
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. …
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 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 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. …
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 …