Angad Paul, the CEO of Caparo group, said, "Caparo has a marvelous opportunity to build on its good relations in India with Tata Motors." Paul's company has already made a business deal to supply components for the Tata Motor's ultra-cheap
According to the company's annual report, the customer's response for the car in India was unprecedented and enormous interest was also shown by certain foreign countries. The company currently aims to meet the domestic demands first and then will ply
According to Ratan Tata, "The high volumes of Nano is expected to dramatically change Tata Motors' market position, reach and visibility. New variants of Nano are under development to meet the new environmental and fuel price challenges, as also the
The Tata Indica sales were down by 27 per cent, compared to the same month last year. However, the Tata Indigo family recorded strong sales of 102 per cent growth over 11 per cent by selling 4,747 units in June
O. P. Bhatt, Chairman and Managing Director, State Bank of India has declared that the bank has decided to raise the interest rate by 0.5 per cent on all loans including home loans and auto loans which are related to
Minda industry has confirmed that they have secured Rs 50 crore project from Volkswagen for the supply of lamps. Currently, Volkswagen manufactures 6 million vehicles globally and is expected to invest Rs 600 million in India for its expansion. The
According to the Regional Sales Director, India & SAARC, Automotive Aftermarket at Bosch Limited "Bosch Car Service has set new benchmarks in the car service domain and we are proud to expand out footprint with two more centers in Bangalore.
It is the popularity of the E-class in India that lead to the launch of two more new variants for this model. E-class was locally produced in India in the year 1995 and has sold more than 10,000 units in
Maruti is already doing great in terms of domestic sales, it has even surpassed the parent company in terms of domestic sales and was also declared as the fourth most reputed auto company where as Suzuki occupied eighth position.
All the information is stored in a hard disk of the car which guides the driver to the defined location through satellite system. This navigation system will be in market with an additional cost of Rs 1.5 lakh. RTI plays
Reva has exported its electric cars to 13 overseas markets in small numbers and have created a benchmark in Indian car industry. The company plans to license its technology with a desire to compete with global manufacturers like Nissan, Suzuki,
Further to this, slow moving stock market has also influenced the growth level. Major car players like Tata Motors , Hyundai, Maruti and Honda are battling hard with the inflations to boost the car sales. Sources have declared that most
During the launch of new Ford Fiesta 1.6S Nigel E. Wark, executive director (marketing, sales and service), Ford India said," The investment is a part of company's capacity expansion plans in India. The production capacity of the unit would be
These four models will be fitted with a 1.1 litre and 1.3 litre engines. Hatchbacks and sedans are also likely to be rolled out with similar engine capacity. The company's first new car model is expected to be a petrol
There has been about 50-60% increase in steel prices since last year and this has hooked the vendors, particularly forging companies and most are renegotiating contracts with auto Original Equipment Manufacturers (OEM).
The three cars will be named as i20, i30 and i40. The i20 will hit the market in October while the other two variants the i30 and i40 will be launched in the coming years.
The company wants to explore the Indian car market. This is not feasible with only one product and therefore the idea of expanding their product portfolio came into effect. It will not be just the variants of the same product
Michael Boneham, the President of Ford India said, "The body styling of new Fiesta 1.6S displays the European design cues and is a true reflection of the Ford Fiesta's exciting on-road character".
The car companies said that the Government is demarcating the small cars in terms of their engine size. These cars benefit from lower excise duty of 12% against 24% for all other big cars due to latest introduction of additional
According to T.R. Baalu, Minister for Shipping, Road Transport and Highways "road safety scenario in the country is very important and the government will take any step to improve them. For aggressive inspection of the motor vehicles, the state government