Finance Minister P Chidambaram has reduced the customs duty on small and hybrid cars. The excise duty on small cars has been reduced to 12 per cent from 16 per cent and hybrid cars to 14 per cent from 24 percent. Excise duty exemption on two-three wheelers reduced from 16 pc to 12 pc.
Category Archives: Auto Stocks
Mahindra eyes Chrysler’s Jeep unit
Mahindra which wants to be Land Rover one day is eyeing Chrysler’s iconic Jeep unit. Interestingly Mahindra got into auto business in 1945 through manufacturing licensed Willys Jeeps. Mahindra still builds a CJ-derived model called Commander in both soft-top and hardtop versions. If Mahindra acquistion plan do not go through, there are few more options …
Bajaj launches kick start variant of XCD
Bajaj today launched a kick start variant of XCD. The kick start variant of XCD is cheaper cheaper by Rs 2,000 from the original electric start variant of XCD. The XCD kick start is priced Rs39000. “We have introduced a new kick start variant of XCD. The self-start variant priced at Rs 41,000 still continues …
Bajaj raises stake in KTM
Bajaj Auto plans to increase its stake in Austrian motorcycle maker KTM Power Sports by 25% to 30% over the next few months, said Managing Director Rajiv Bajaj. In November, Bajaj Auto acquired 14.5% of KTM for about $76 million, and subsequently increased that to 20.9%. “When we move into a more up-market two wheeler …
Bajaj to buy stake in Triumph
Bajaj which chased Triumph and Ducati earlier finally put off the plans because of high valuation. Now Bajaj gets another chance, yes, Triumph plans a indian foray and hence it actively scouts for an Indian partner. Who else than Bajaj can be perfect mate for selling cruisers. Indications are that Triumph may be open to …
Mahindra acquires Italian design firm
Mahindra & Mahindra Tuesday said it plans to acquire Italian auto design firm G R Grafica Ricerca Design for an undisclosed amount. Through this acquisition, the company intends to develop a global design centre for the group and cater to global auto original equipment manufacturers, the automaker said in a communique to the Bombay Stock …
Mahindra to pull out off Renault – Nissan JV
strained relations: When Mahindra it is not interested in the Renault’s ambitious $3000 car project, Renault decided to look for others and found a partner called Bajaj. Incidentally, Nissan signed four MOU’s with Ashok Leyland. This led the alliance partners to move in different directions. When synergies are difficult to identify then what’s need to …
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Auto Stocks: buy or not to buy
Auto Index on the which trailed the benchmark index in 2007 is suffering from higher interest rates. Will the auto stock continue to suffer or will it revive its glory in 2008. Here’s guide to help you to pick the good and reject the bad. Hindustan Times conducted a survey to find out stocks to …
Maruti to challenge 1 lakh car with 800
On the one side Suzuki has raised apprehensions on Tata 1 lakh car (jeh) , but on the other side it seems to be preparing to face the battle. Maruti Suzuki’s newly assumed Shinzo Nakanishi recent comments is clear indicator of Maruti’s plan. “We have been saying for the past few quarters that the current …
Deals and tie-ups of 2007!
Unlike in the past, this 2007 has been special for Indian auto majors especially in terms of their global image. We came across many acquisition and tie-ups in automotive industry. Particularly, Indian auto majors are in the major buying spree as their profits keep soaring. As many as four commercial vehicle alliances were announced during …