Ford India said on Tuesday that with the launch of its much-awaited compact car Figo at a highly competitive price point, it aims to became a major player in the rapidly growing Indian auto market. It launched the made-for-India �Figo' in the price range of Rs 3.49 lakh to Rs 4.42 lakh for the petrol version and Rs 4.47 lakh to Rs 5.29 ...read more

MUMBAI: Mahindra & Mahindra, India's largest utility vehicle and tractor maker, hopes to announce in 2-3 weeks a timeframe for the launch of its pick-up trucks in the United States, a top official said on Thursday. The U.S. market is crucial for Mahindra to achieve its objective of becoming a global player. The launch, originally expected ...read more

Bajaj Auto, which has an ultra low-cost car project with Renault-Nissan, came out in the open saying that there is no overlapping with Nissan's proposed small car project in India with Ashok Leyland. �The ultra low cost (ULC) project between Bajaj, Renault and Nissan on the one hand and the �price centric $4500-$5000 car� ...read more

NEW DELHI: Carmaker Ford India reported 22.67 per cent rise in its February sales at 3,223 units, as against 2,636 units in the same month of last year. The company will also launch its small car Figo on March 9. "We are seeing an overwhelming response to our product line-up with the Fiesta and Endeavour recording strong year-on-year ...read more

NEW DELHI: Homegrown auto firm Tata Motors today said its UK-based subsidiary Jaguar Land Rover has secured 340 million pounds loan from the European Investment Bank that will be utilised for research and development. "The facility (loan) is an eight year amortising loan to finance development of micro and full hybrid drive trains and ...read more

HYDERABAD: Mahindra & Mahindra is aiming to see a double-digit growth in two wheelers in the next five years and would also look for some acquisitions to achieve this, said Anoop Mathur, President two-wheeler sector. According to him, as part of the $6.3 billion M&M Group, they always look for opportunities to grow. The group ...read more

NEW DELHI: Volkswagen, Europe's largest car maker launched its much awaited premium hatchback the New Polo in Mumbai today. 1.2L petrol variant is priced at Rs 4.34 lakhs, ex showroom New Delhi while the 1.2L diesel variant comes at Rs 5.32 lakhs ex showroom New Delhi. Commenting on the launch of the New Polo, Neeraj Garg, Member of Board ...read more

MUMBAI: Commercial vehicles-maker, Asia MotorWorks (AMW), plans to more than double its production from 700 to 2,000 trucks per month in the next eight to nine months, a top company official said. The truck-maker also plans to hire 500 professionals to meet the production challenges. "We aim to double our production from 700 to 2,000 ...read more

Pre-owned car-seller, Mahindra First Choice Wheels Ltd, is planning to launch service facility at its dealer outlets soon. �We will be launching an initiative called �2 S' (sales and service) which combines sales and services at our outlets,'' Mr Shubhabrata Saha, Chief Executive Officer, Mahindra First Choice, told newspersons ...read more

The data includes a 29.8 per cent increase in the UK, which extended its scrappage scheme for a second time earlier this month Although the government will not provide any additional funding, it said that the scheme will now run to the end of March or until the remaining �70m of incentive funding runs out. Scrappage has accounted for more ...read more

Mahindra & Mahindra said on Friday that a final decision on its joint venture with Renault, under which it manufacturers the Logan, will be taken in the next 30-45 days. Mr Anand Mahindra, Vice-Chairman and Managing Director, Mahindra & Mahindra, also said that by the end of the year, the company will enter the motorcycle segment with ...read more

SINGAPORE: Lingering concerns about the global economy and a host of negative local factors pushed Asian stocks lower on Thursday, with Motor hitting a 10-month low as investors fretted over its massive vehicle recall. Hong Kong led losses in the region with the Hang Seng index dropping 1.8 percent to snap a three-day winning streak, as ...read more

Shares of Tata Motors are trading at Rs 730.75, up Rs 11.7, or 1.63% at the Bombay Stock Exchange (BSE) on Tuesday at 10:03 a.m. Tata Motors total sales (including exports) of Tata commercial and passenger vehicles in January 2010 were 65,478 vehicles, a growth of 77% over 36,931 vehicles sold in January 2009. The company`s domestic sales of ...read more

Maruti Suzuki, India`s leading car maker has recorded its highest ever domestic as well as total sales. The total vehicle sales of the company rose 33.3% to 95,649 units in January 2009, as compared to 71, 779 units a year ago. Total domestic sales were up 21% to 81,087 units as against 67,005 units.

NEW DELHI: Honda Siel Cars India said on Friday that India will not be a part of the global vehicle recall, announced by its parent reports of defects in some of its models. "There won't be any impact on the recall in India because the Jazz that is being sold in India is a second generation vehicle, which is not a part of the global recall," ...read more

Auto component major Motherson Sumi Systems Ltd (MSSL) announced on Thursday an almost tripling of its consolidated net profit for the quarter ending December 31, 2009 at Rs 74.88 crore, largely on the back of the strong growth posted by the auto industry in the quarter. The company had posted a net profit of Rs 25.39 crore in the same period ...read more

NEW DELHI: After successfully conquering Europe with its hatchback A-Star, the country's largest car maker Maruti Suzuki India is turning its eyes to the South East Asian market with its latest compact car Ritz. The company on Wednesday made the first shipment of 500 units of Ritz to the Indonesian market.

Riding on record cumulative sales, Hero Honda Motors Ltd on Monday reported a 78 per cent increase in net profit for the quarter ended December 31, 2009. Net profit for the quarter under review stood at Rs 535 crore as compared with Rs 300 crore in the corresponding quarter last year.

Asia Motor Works Ltd (AMW) is targeting a sales turnover of Rs 1,000-crore by the end of the current financial year and is confident of achieving it, according to Mr Anirudh Bhuwalka, CEO and Managing Director. He said the company's manufacturing plant at Bhuj in Gujarat has a capacity of 50,000 vehicles a year and is producing trucks ...read more

NEW DELHI: Maruti Suzuki India�s (MSI) board could take up a proposal on Saturday to bump up capacity to 1.3 million units in two years at the company�s Manesar plant as the country�s largest carmaker looks to fend off global rivals chipping at its 50% market share.