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With a view to keep up with the rising automobile demand in the Indian pre-owned car market, M&m recently said that the company is planing to hire over 250 people by 2015 for its pre-owned vehicles business. Keeping in mind the fact that the company is the leading multi-brand pre-owned car company in the Indian market, the optimism on the segment is very much obvious as the sales in the automobile industry is rising by leaps and bounds.

The country's leading multi-brand pre-owned car company, Mahindra FirstChoice recently said that the company is targeting unit sales of close to one lakh units by the year 2014 in the domestic market.

A part of the $7 billion conglomerate, Mahindra & Mahindra, further said that the company will expand its dealership base to 300 by end of March 2014.

After proving its point in the Indian entry-level segment with the launch of Discover, Bajaj Auto has once again decided to focus on off-beat segment like the cruiser in order to ensure a complimentary portfolio under its umbrella.

It has been learned from the sources that the second largest two-wheeler maker in the Indian market is planning to launch its Avenger 220cc cruiser motorcycle in coming times.

There is no denying to the fact that the Indian passenger car industry has been on a roll for the past few years now, all thanks to the rising consumer demand and the level of disposable income.

After the government has showed its intentions of deregulating the prices of diesel in the Indian market several car makers are anxiously watching the government's move as a large chunk of the future strategy of the company will depend on the decision of the government. Experts are of a view that the price differential among the two i.e. petrol and diesel will decide how will the auto majors would like to launch their diesel models in the Indian market.

Part of the State Bank group, State bank of Mysore (SBM) has announced a 35 per cent increase in its net profit for the quarter ending June 30. In money terms, it is at Rs. 111.39 crore said the Bangalore-based bank.

The operating profit of the bank for the quarter was at Rs 269.96 crore that is 55 per cent higher than the same period for the last year. Most of the growth came from the growth in the net interest income that increased by 60.8 per cent.

In money terms that stood at Rs.386.15 crore.