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Volkswagen, the German car maker, is getting a new face with the procurement of 90.1% in Italian auto designer Italdesign. There is no talk of the actual money involved in this deal but the acquiring process will be routed through VW’s Lamborghini sport car unit. While the remaining shares will be rested with Giugiaro family, …
Continue reading “Volkswagen stakes a major claim in the designer Italdesign”
The country’s largest truck maker Mahindra&Mahindra is on the verge of launching anLCV in sub 1-tonne segment called Maxximo. Other variants will follow suit in this platform, said the company’s official, without revealing any further information. In addition, there will be a launch of a passenger carrier on the Maximmo [images] platform of 1-tonne payload. …
Continue reading “Mini-truck and passenger carrier from Mahindra”
The Japanese thunder Kawasaki is rolling down into the roads of India making a thumping launch of its high capacity bikes. Once launched, the bikes will be the real Superbikes which the sporty lovers are eagerly waiting for at a nominal price. However, a final word about the launch of Ninja 650R is to come …
The German car manufacturer Mercedes-Benz has kicked off the launch of the luxury Class C. the event coincided the announcement of dealerships in the fast growing Andhra Pradesh market. The C-class [images] car will provide fantastic fuel efficiency and lower emissions thanks to the newly injected gasoline technology (CGI), said the director for corporate affairs …
As expected, Mahindra and Mahindra has bought 55% stake in Reva. It will buy shares from the founders of Reva. Additionally, it will invest in fresh equity worth Rs 45 crore ($9.5 million), Mahindra said in a statement.
General Motors is on the anvil of increasing its output of engines and cars at the Talegaon facility to each 3 lakhs annual units. This will be materialized with the introduction of second phase to 1.6 lakhs(engines) and 1.4 lakhs(cars) at this car plant. The same plant will witness the combined production of petrol and …
The vehicle lovers in New Delhi will have to increase their budget as the tax revision has come into effective. The revised tax will add Rs5000 for cars and Rs2000 for two wheelers. The industry analysts see this increase as a grave threat to the net volume of vehicle sales. The country’s capital city has …
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M&M’s so called acquisition drama with the Bangalore based REVA may see the climax on Wednesday. Its earlier acquisition episodes with Punjab Tractors and Kinetic Motors had not got this much significance. With this, M&M will electrify its market share with a substantial share from REVA is almost certain. M&M may plug in its deal …
Continue reading “Deal between M&M and REVA may materialize today”
The thumping response to its premium bike ranges, Honda has planned to launch another superbike- 2010 VFR 1200F- this year. The bike has already seen its global launch last year and will be the so far costliest in the Honda range(Rs16.5 lakhs). It will be CBU from Japan thereby inviting high import duty of 110%. …
One of Maruti’s premium cars, Swift [images] celebrates its fifth b’day but there is no symptom of it being got old in its look. It is, as a matter of fact, an expensive car but is an instant success on the lines of Alto [images]. It has overtaken its siblings A Star [images], Estilo [images], …
Continue reading “Swift is still cute and there is no ageing factor”