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Nissan appoints Hover Automotive as service partner in India

Hover Automotive India Pvt Ltd on Friday said it has been appointed by auto major Nissan Motor Co Ltd as its service partner for marketing, sales, after-sales service and dealer development in India.

Nissan to outsource sales network setup in India

Japan's Nissan Motor Co said on Friday it had appointed Hover Automotive India Private to develop its sales network in India, with the aim of establishing 55 dealers by 2012 to sell more than 100,000 vehicles that year.

HM posts 79.37% fall in Q4 net profit

Hindustan Motors reported a decline of 79.37% in its net profit in Q4 ended March 31 at Rs 10.95 cr.

Ashok Leyland to more than double capacity

Ashok Leyland, India's second-biggest bus and truck maker, will spend 30 billion rupees ($721 million) in capex over the next three years to more than double capacity from 84,000 vehicles now, it said on Thursday.

Ashok Leyland Q4 net at Rs 180 cr

Ashok Leyland announced a net profit of Rs 180.57 crore for the quarter ended March 31.

Fiat sets up central sourcing centre in India

The group purchasing office in India is a part of Fiat's strategy to cut costs by buying more components from low-cost centres.

April car sales up ahead of likely price hikes

India's domestic car sales rose at the fastest pace in seven months in April, while bike sales notched up their first annual rise in a year, as customers advanced purchases expecting the rising cost of steel to push up prices.

Car sales up 17.15%, bike sales up 8.31%

Domestic passenger car sales rose by 17.15% in April '08 to 98,740 units from 84,283 units in the same month last year.

Fiat India plans CNG variant of Palio by early next year

In a bid to grab larger market share, car manufacturer Fiat India plans to launch the CNG variant of its bread and butter model Palio in the country by early next year.

Italian 2-wheeler Ducati forays into India

The company has entered India with the objective to be a market leader in the premium segment.

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