Mahindra First Choice Wheels Ltd, the company dealing with the used cars of multi brands, is to invest Rs100 crore as the capital expenditure for the expansion in next three years. With this investment the volume of outlets will be 300 from the current 103, said its CEO. The expansion will be phased on tier1 …
Category Archives: Auto News
The fingers crossed for Nano pro
The India and the world are enthralled at the launch of small car at Rs1 lakh by Tata’s Nano. But the strange event is awaited at the Delhi Auto Expo, wherein a bicycle costing Rs2.4 lakhs is to be launched!. The one is from Firefox, the company known for bike of leisure and the bicycle …
SAIC invests its due to stake claim in GM India
The Chinese car premier company Shanghai Automotive has already entered into a JV on 50:50 basis, with the General Motors India, for establishing car manufacture in India. Under this JV, SAIC has shelled out $500 million (Rs2350 crore) to GM India. This makes the net investment of GM in India to $1 billion (Rs4700 crore) …
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Fuel efficiency to be rated by the government
The long awaited system of rating the vehicles on the basis of fuel efficiency has been mooted by the government. The rating will be publicized through a label pasted on the windshield of the cars which will enable the buyers to judge the worth of buying. Though not made mandatory as of now, the manufacturers …
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Emmel Vheelers of Maharastra is in the process of launching its electric vehicles in motorcycle segment.
The bikes will belong to high power electric version differing from its current electric two wheelers. To enhance its product sale, the dealer network will be increased to 100 (from the existing 25). The market area will be extended to AP, Gujarat and Delhi. The company is 18 months old with the launch of three …
Nano to remain at Rs1 lakh
Tata Motors does not want to dissatisfy those who have booked its Nano at Rs1lakh. The existing cost hike for the raw materials and input prices may demand the company to hike the price but Tata is firm to deliver at the booked price. The MD of Tata disclosed that any hike in the price …
Bajaj testifies the Pulse and Discovers the market
The future months will see more models of Pulsar and Discover rushing out the Bajaj plant. At the same time, there is equal spirit in phasing out of existing models as the company has already locked the handbars of 4 models in just 4 months. The reason cited is the less demand for these models- …
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Bajaj displays NO ENTRY into car market
A breath of relief for Nano comes in the wake of Bajaj’s dilemma over small car project. The two wheeler premium company was to launch its small car, to counter Nano, by 2011 but the Chairman of Bajaj ruled out such a project in near future. The project was to have been a JV among …
Delhi Auto Expo will witness Audi concept car
Audi, the German car sensation is to display its concept car at the Delhi Auto Expo. But, the visitors will have to wait to know about the specs of it nor the heritage models. The centenary car maker is planning to launch its brand logo at the Expo, in which the company’s board member for …
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Maruti to showcase SX4 hatchback
The Auto Expo in New Delhi will be a platform for the bigger companies to muscle their strength with latest models and Maruti intends to display its existing strength of 17 vehicle. Apart from the Eeco and R III concept, Maruti will also showcase much popular SX4 hatchback. But there would not be launch of …