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Mahindra and Mahindra has set a target of 6-7 new variants of its vehicle portfolio during the next fiscal. This includes the launch of pick-ups in the US from this April, and other utility vehicles, commercial vehicles and three wheelers, said its President (Automotive). The process is for the homologation of its pick-ups in the …
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The exit of Bajaj from the scooters production reflected the new horizon for M&M to launch two scooters in September 2009. The logic behind Bajaj’s move is quite surprising that if the bike market does not feed, the company’s venture with cars too can be in alarming mode. The scooter segment of M&M at $6.3 …
Honda Siel Cars India today announced that it would call back 8532 units of 2nd Generation City , manufactured in 2007, for a preventive part replacement of Power Window Switch. HSCI is proactively replacing the part in these vehicles related to the potential problem of smoke coming out from the Power Window Switch if water …
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This quarter will see the entry of M&M into the US market with its Scorpio. The President of Auto Sector said that the company is fully geared to meet the US demands and the process of regulatory approvals are getting into the picture. Navistar, with whom M&M has made a JV for making commercial vehicles …
The launch of Figo by Ford has nothing to do with the intensive launches of small cars. The company proposes to introduce compact cars in a phase of every 12-18 months till 2015, to become a prominent volume player in the small car segment, said its President and MD for India. Ford realizes that 80% …
General Motors is on the verge of disposing its Saab unit to Spyker Cars NV of Dutch to thwart the decay in the damage to the Swedish car maker. The deal will involve $74 million in cash and $326 million as shares, subject to the guarantee of 400 million euro European Investment Bank Loan(on expiry …
To revive its vigor in the auto industry, Tata Motors has chalked out its plan to focus on new range of commercial vehicles especially trucks and buses. By possessing 60% of market share in the LCV segment, the company is intending to create new platforms in India for pleasing the domestic and new markets. The …
Toyota’s Etios is slated for roll out in December 2010 and in the period interfering, there will be much focus of Toyota’s range in 10 select cities in the country. Toyota Q world(representing Quality), as it is termed, will showcase all the models of Toyota in Chandigarh, Lucknow, Pune, Mumbai, Ahmedabad, Bangalore, Chennai, Hyderabad, Kolkata …
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Maruti’s winning streak with its models continue as its Ritz is slated for export to South East Asia. This follows the success sprint of A-Star in Europe and by now 500 units of Ritz have been shipped to Indonesia. The car, with its 1.2lit petrol engine, will now be targeted in the potential market of …
Maruti Udyog Ltd could achieve a tremendous performance in production, that even its parent Suzuki is made to lag behind it. In 2009, the net production volume was 9,66,399 units whereas Suzuki could muster 908302 units. This made the net sale volume of Maruti to 967581 units – 836893 units in domestic market and the …