Auto Sector

Industries Concerned Over Smooth Implementation Of Tata’s Nano Plant

Industry associations and businessmen, who presently are quite concerned with Industries Concerned Over Smooth Implementation Of Tata’s Nano Plant the current political situation in West Bengal, feel that the process of industrialization would be affected in the state if there is any negative development with regard to the upcoming Tata Motors’ Nano plant in Singur. The state government and the opposition party leaders have been requested by the chambers to hold a meeting and come out with a perfect solution for smooth implementation of Tata’s project.

Heavy-vehicle maker Volvo and India's Eicher complete venture deal

Stockholm - Swedish heavy-vehicle maker Volvo said Friday it has completed a joint venture deal with Eicher Motors in India, following approval from regulatory authorities.

India To Be Converted Into A Small Car Hub By Suzuki

Maruti Suzuki, which surpassed parent Suzuki in annual sales last fiscal, is ready India To Be Converted Into A Small Car Hub By Suzuki  to emerge as an exclusive base for small cars, by playing a pivotal role in the Japanese auto major’s global plans.

Mr. S Nakanishi, Maruti Suzuki’s MD reported, “Quality and productivity have improved manifold in Maruti Suzuki in the last few years. Let us now channelise it to the next level, where we become the exclusive base to manufacture small cars for Europe.”

VW sales slump in July

VW sales slump in JulyBerlin  - Europe's biggest carmaker Volkswagen AG said Thursday worldwide sales of its flagship VW brand slipped 1.5 per cent to 305,000 during July in the face of growing economic uncertainty and high fuel prices.

However, the German-based auto giant said it set a new record for worldwide deliveries during the first seven months of the year, rising by 4.7 per cent to 2.21 million vehicles.

In particular, the world's leading emerging economies continued to power VW sales, with China reporting a 12.9 per cent increase in deliveries between January and July.

Hero Honda Hikes Motorbike Prices By Up To Rs 1500

Hero Honda, the country’s largest two-wheeler manufacturer, has increased Hero Honda Hikes Motorbike Prices By Up To Rs 1500motrocycle prices across various models by up to Rs 1,500 owing to rising input costs.

The price hike makes its high-end bike ‘Karizma’ dearer by Rs 1,500, while mid-range bikes like ‘Splendor Plus’, ‘Passion Plus’, ‘Hunk’ and ‘CBZ’ will be costlier by Rs 600 to Rs 850.

The CD Deluxe, entry level two-wheeler manufacturer will now be costlier by Rs 100. Earlier this month, the company has increased the price of its 100cc bikes by up to Rs 850 to offset rising costs.

M&M Financial Services Ties Up With General Motors & Hyundai

Mahindra and Mahindra Financial Services (Mahindra Finance), a non-banking M&M Financial Services Ties Up With General Motors & Hyundaifinance arm of USD 6.7 billion Mahindra Group, has got into an understanding with car makers General Motors and Hyundai to provide finance for their vehicles in the rural and semi-urban markets.

The latest move corresponds with the automakers’ plans to strengthen their presence in the rural markets, where Mahindra Finance has a fairly large network.

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