Auto Sector

Toyota lowers earnings projections for 2008 on stronger yen

Toyota lowers earnings projections for 2008 on stronger yen

Mercedes Benz Car Sales higher in India

Mercedes Benz Car Sales higher in IndiaThe sale of super luxury cars in India registered growth despite the global financial crisis. The luxury car makers, such as BMW, Mercedes-Benz, and Volkswagen are looking for markets in developing countries such as India and China. They consider India as a potential market for high-end car sales.
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The sales of Mercedes Benz registered a decent growth in the Indian market. The comapny has sold 3141 units from January to October 2008. It has sold 2141 premium units in the same period last year according to Director (Sales and Marketing), Mercedes Benz India, Sanjiv Sahajawala. 

Chinese car maker to set up plant in West Bengal

Chinese car maker to set up plant in West BengalA leading car maker from China is likely to set up a car manufacturing plant in West Bengal. The state government hopes that the company would set up the plant at the site, vacated by the TATA Motors after stiff opposition from Trinamool congress led opposition parties.

A team of officials from Chinese company, First Automobile Works (FAW), would soon visit the different locations in the state for the the project. It would tie up with Ural India for Rs 1,500-crore automobile manufacturing unit in Bengal. 

Maruti 800 on the verge of extinction

Maruti 800 on the verge of extinction From 2010 onwards all car makers will have to follow the obligatory Euro IV norms and it will definitely affect the production of Maruti Suzuki 800, since it is still not Euro IV compliant. What is even more disappointing is that the company may not be able to launch the Euro-IV compliant version of the model, which might mean that India's most beloved car might be extinct. Maruti 800 has also been the most successful model for the company itself. 

TATA buys rights to make ‘air-powered cars’ for Indian market

TATA buys rights to make ‘air-powered cars’ for Indian marketWashington, Nov 5: A US based company is developing a vehicles that would require nothing but air to run on the roads, with Indian carmaker TATA already buying the rights to make the car for the huge Indian market.

According to a report in Environmental News Network (ENN), Zero Pollution Motors is developing a vehicle that can motor around all day on nothing but air and a splash of salad oil, alcohol or possibly a pint of gasoline.

Wiesmann launches 20th birthday special edition

Wiesmann launches 20th birthday special editionDuelmen, Germany - The niche German sports car maker Wiesmann is marking its 20th birthday by launching a special edition of its three model segments.

Based in the western German town of Duelmen, the firm was established in 1988 with the aim of building puristic sports cars in a classic design.

The 20th Anniversary Editions include the MF3 two-seater roadster, the MF4 closed-top Grand Tourer and the M5-powered MF5.

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