* Chinese car maker Chery Automobiles(manufactured QQ) is likely to partner India’s International Cars & Motors Ltd (ICML) to roll out its small car in India next year, the Business Standard reported. ICML is planning to launch a premium hatchback in the 300,000-400,000 rupees price range, which is the fastest-growing car segment in India. ICML …
Category Archives: Auto News
Auto News – Mar 2007
*India is going to allow the import of a specified number of the iconic motorcycles at lower duty in turn US will allow Indian mangoes. Earlier Harley Davidson had tried to enter the indian market but not succeeded due to strict indian emission norms and high import duty. * Bajaj Auto plans its foray in …
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 …