In a bid to penetrate the European market and to avail tax benefits, Hyundai Motors is migrating its production of i20 [images] to Turkey. The number slated for this year is 40000 units from the regular capacity of 1 lakh. The net volume of Hyundai in India from its both units stand to 6 lakh …
Category Archives: Automobile
Car servicing from Carnation to go on premium segment
The ex-chief of Maruti Suzuki Jagdish Khattar’s car servicing enterprise is to take care of premium cars too. For this purpose, the company has got a nod from the Fiat Group’s Magneti Marelli to set up one such facility in Gurgaon. Magneti Marelli, a company identified for its 4.5 billion euro projects, is on the …
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Hyundai moves for 16 per cent growth
Hyundai, India’s second largest car maker after Maruti, is aiming to scalp the growth rate of 16% during this period ending December 2010. The company’s 2009 show was the growth with 20.8% due to the economic fall in the previous year (2008) as the sale was 6 lakh units, said the company’s director for sales …
Toyota to run with second gear for its production move
The growing demand and the irritating waiting period for its cars do not provoke any hurry on Toyota. Earlier the company had planned to run the third shift for clearing the pending orders. Moreover, the new plant will be free from producing any current models and the existing plants have the limited strength to meet …
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Petrol, Diesel,LPG and Kerosene price goes up
Bad news for common man! Government of India has announced a sharp increase in prices of petrol,diesel,lpg and kersone. No one is barred from common man to auto manufacturers, all set to suffer. With the hike, petrol price is up by Rs 3.73/litre, Diesel goes up by Rs 2, LPG by Rs 35 and kerosene …
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Hyundai likely to draw curtains to counter Maruti
Maruti’s Alto will run safe till the Auto Expo 2012, by the time which Hyundai would roll down its small car to counter Alto [images]. The R&D of the company’s apex body in Korea is drafting the necessary proposal in this regard, said an official from the company. Hyundai feels that the next Auto Expos …
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Clouds hang over the localization of Rover
Jaguar Land Rover, which is currently in the hands of Tata Motors in India, may see the assembling in the country itself, according to unreliable sources. The move is slated for the end of this year and the domestic assembled Freelander cars will see the rolling down during the Q2 of 2011, it is learnt. …
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Maruti to build stockyards for faster delivery
The car buyers who prefer Maruti hereinafter need not lament over delay in delivery. The company has initiated a move to curtail the wait period considerably by erecting stockyards across the country with an investment of Rs200 crore. As land for the one already has been bought by Maruti, the company’s first stockyard will come …
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Nissan
The small car segment in India will soon see the arrival of yet another premier Nissan with its Micra [images]. Slated for July, the launch will be held on 14th to be rolled out by Nissan Motor India, the subsidiary of Nissan Japan. According to the industry analysts, Nissan’s Micra may cost Rs4 lakhs (hatchback) …
Cashless ownership offer from GM to cover all models
The US car maker General Motors has launched an easy and beneficial scheme for its customers who can avail free maintenance and service. The scheme, cashless ownership, is applicable for customers who pay Rs13499 as one time payment and they can avail three year full maintenance and free service (or 45000km) from any service outlet …
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