The net profit of the country's largest carmaker, Maruti Suzuki fell down by 6.75 percent for the first quarter ended June 2008. This fall in the profit is due to rising cost of raw materials, a change in accounting norms and a loss from derivative instruments. Maruti reported a net loss of Rs13.90 crore from derivative instruments.

Herzogenaurach, Germany  - Privately owned German ball- bearing manufacturer Schaeffler increased Monday its unsolicited takeover offer for its larger listed competitor Continental to 70.12 euros per share.

Schaeffler, controlled by widow Maria-Elisabeth Schaeffler, 66, and her son, stunned Germany a week ago with the bid for brake and tyremaker Continental and plans to combine the two auto-industry suppliers.

Hong Kong - Well-heeled car enthusiasts will have to wait nearly 18 months to take delivery of Lamborghini's latest Gallardo model even though the sports car has just been launched in the territor

Mahindra & Mahindra has taken a step ahead in creating environment-friendly vehicles.

Mahindra & Mahindra Ltd, Country's top utility vehicle maker, has finally