Automotive Industry News India, Indian Automobile Industry News

Tata Motors Q2 net profit at Rs 22 cr

Home-grown auto firm Tata Motors reported a consolidated net profit of Rs 21.78 crore for the quarter ended September 30.

Army personnel to get VAT exemption on purchase of vehicles

Army personnel will get exemption from VAT on purchase of two-wheelers and light motor vehicles from CSD canteens.

M&M hints at price hike on surging input costs

Mahindra & Mahindra said it could consider effecting a price hike due to rising input costs.

Toyota mulls setting up engine plant in India

Toyota said it is considering to set up an engine and transmission plant in India.

Maruti to launch van to replace Versa

Maruti Suzuki India said it will launch a new van within this fiscal to replace its MPV Versa, whose production has been stopped.

Daimler AG to supply 1,000 Smart electric cars

Luxury carmaker Daimler AG will supply its latest electric vehicle 'Smart Forwo Electric' to 1,000 select customers in the US and Europe by 2011.

Blackstone approaches Citi to buy auto-loan biz unit

Citigroup is in informal talks with Blackstone Group and other private equity firms for selling its auto-loan business unit CitiFinancial Auto, a media report has said.

Volkswagen October sales up 38 pct

VW has recorded a jump of 38.18 pct in cumulative sales in India during October.

'No plan to set up diesel plant in India'

Hyundai Motor's MD said as of now no plan to set up a diesel engine facility.

Russia's car production down by 63% in Jan-Oct: ASM

Russia's car production decreased by 63% in the first ten months of the year, compared to 2008.

Ford Fusion named Motor Trend 2010 car of year

Ford's Fusion sedan was named Motor Trend magazine's 2010 "car of the year".

Cox & King to roll out luxury train in Jan

Travel and hospitality company Cox & King (India) Ltd is all set to roll out its luxury train christened as 'Maharajas Express' in January 2010.

Hyundai to invest Rs 800 cr on small car for India

Hyundai will invest around Rs 800 crore to develop a small car for the Indian market.

GM to start Govt loan repayment this year: Report

General Motors is planning to start the repayment of a USD 6.7 billion loan it received from the US government later this year, says a media report.

Mahindra to sell 1 lakh used cars by 2014

Mahindra and Mahindra group, has set a target to sell one lakh used cars by 2014.

TVS Flame relaunched with twin spark tech

Armed with the Supreme Court order allowing it to use twin spark plug technology over which it is locked in a patent tussle with Bajaj Auto, TVS Motor Company relaunched 125 CC ‘Flame’ bike with twin spark plugs.

No plan to take Nano abroad: Irani

Tata Motors has no immediate plan to export the Nano, Tata group director has said.

GM chief apologises for handling Opel deal

General Motors' chief executive has apologised for company's handling of failed sale of Opel.

GM needs new Buick Regal, Chevy Cruze to be hits

Two General Motors cars due in showrooms next year must be hits to help the automaker turn around sales and pay back its big debt to US taxpayers.

Hyundai sees 2010 sales improving

Hyundai expects its global sales in 2010 to be better than last year: President and CEO said.

India, China to propel Honda growth

The continuous slowdown in demand in developed markets like the US and Europe have led Honda Motor Corporation of Japan to focus on China and India for future growth. “Selling cars has become very difficult the world over, so we have to prioritise the market.

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