Auto Sector

Tata Is All Set To Leave Singur

TATA Motors is all set to leave Singur as per the confidential reports. Some Tata Is All Set To Leave Singurvendors have started to shift the equipment from the plant site to other undisclosed location. 

Though there is no official statement in this regard, the shifting of equipments, makes clear the intentions of TATA. Nano is still expected to launched within its October deadline from Tata Motors' plants in Pantnagar (Uttarakhand) and Pune.

Mahindra & Mahindra (M&M) Launches Scorpio Automatic

Mahindra & Mahindra (M&M) launched a new version of Scorpio. It is the first ever Mahindra & Mahindra (M&M) Launches Scorpio Automatic sports utility vehicle (SUV) of India. It supports a fully automatic six-gear box and many new features. The automatic model of Scorpio supports Brake Transmission Shift Interlock (BTSI) technology which controls gears.
The 2.2-Litre mHawk powerplant is provided for easy automatic operations. It is available in the VLX and the VLS variants. The ex-showroom price of VLX model is Rs 10.75 lakhs while price of the VLS model is fixed at Rs 10.24 lakhs.

Autoline arm picks 49% stake in two Italian firms for € 9 million

Auto component maker Autoline Industries has informed that its Cyprus unit, Koderat has acquired 49% stake in two Italian firms named, SZ Design Srl and Zagato S.r.l for 9 million Euro.

Truckmakers upbeat as trade show starts in Hanover

Hanover, Germany - World truckmakers were optimistic about huge opportunities in emerging markets Thursday at the IAA truck fair in Hanover.

"The technological potential in this sector has not yet been fully tapped," said German Automobile Industry Federation (VDMA) President Matthias Wissmann in a speech opening the biennial event.

Emerging economies with rapid rates of growth have helped cheer truckmakers amid concern of recession in the West.

Expanding industry and commerce in Russia, South America and South Africa mean much larger numbers of trucks are needed to deliver goods.

That growth is also reflected in the growing number of Russian, Indian and Chinese truckbuilders with booths at the IAA fair.

A Treat for Scorpio Lovers

A Treat for Scorpio LoversFestive season is around the corner and where Indian market resorts to offer something for everyone, Mahindra & Mahindra (M&M) offers one such great news for all the SUV lovers when a new version of the Scorpio was launched in Pune and Bangalore earlier this week.

Tata Motors To Leave Singur

TATA Motors have, finally decided to relocate its small car project. The company Tata Motors To Leave Singurwould no longer remain in Singur in West Bangal. The decision in this regard has been taken in the meeting between Tata management and the Bengal government.