Car makers see government

With the government of India increasing the price of petrol and mooting the idea of deregulating the diesel price there are fears among the car makers about the decline in diesel versions. The government’s move will shrink the gap between the prices of these two fuels. Of late there has been a great demand for …

India’s auto export may grow 15 pc this fiscal: Govt

The Indian government forecasts an increase of 15% in auto export Quoting the ongoing demand for Indian auto makes in Europe, the Indian government said there might be 15% in the export segment from the last fiscal’s, said the Joint secretary in the department of Heavy Industries. He further said that the scope in the …

TVS to grease its scooter business doubly

The two wheeler company in the Indian scene, TVS is aiming to shoot its arrow of double score in the scooter segment during the period of 2010-11. The reasons cited for this venture is the devastating market growth and the penance for its new launch Wego. Its latest sensation Wego is a 110cc and built …

Mercedes Benz to drive into used car deals

The fast moving business of pre-owned cars has not spared Mercedes Benz from driving its force in India. Currently the company is taking up this business Proven Exclusivity, since last year in 35 nations. Now the time is for the Indian customers to enjoy the luxury offered at affordable price from Mercedes said its MD …

Hyundai is exploring the small car at its Hyderabad R&D unit

The running success of Santro made its maker Hyundai to search the possibilities for another small car and the efforts are on at the company’s R&D wing in Hyderabad. Slated for launch next year, the research project is carried out under the intelligence of 400 engineers who are spread into 180 parts. The wing, set …

Tata to install an assembling unit in SA

A truck assembling unit may be erected by Tata in South Africa this year end, said a company official. The Head for India said the assembling unit, in addition to the ones in Thailand and Bangladesh, will be for medium and small end trucks with an initial capacity to be 3000-4000 units per year. South …

Fall in economy costed Hyundai

The Korean car company Hyundai Motors India is not spared from the economy wave that swept the world in 2008. The company’s export potential to Europe has fallen sharply and search is on for alternative markets from South Africa and South America, said the company’s senior president for sales and marketing. The export market constitutes …

GM

General Motors of the US has chalked out its strategies for the Indian show that for LCV manufacturing it is investing $100 million for setting up sales and distribution wing, said the company’s President for India. The company, it is known, is in a JV with China’s SAIC on 50:50 basis, but the Indian marketing …