Mahindra and Mahindra which has been mulling its entry into two wheeler market seems finally finds a way to foray into the market. CNBC TV18 reports Kinetic the maker of flyte and blaze may sell stakes to Mahindra and Mahindra. Kinetic is in the process of raising Rs120crores. M&M and Kinetic’s taiwan partner SYM may …
Category Archives: Automobile
Toyota new MPV NVX
Toyota-Kirloskar Motor plans to launch a new multi-purpose vehicle(MPV) for the Indian market. Built on the same Innova platform Toyota’s new MPV (Code named NVX) will use most of the components being used in Innova. The multi-purpose vehicle (NVX) will use the same engine as that of Innova but will have different features. The IMV …
Tata’s new small car the X4
If Maruti can do? why not Tata Motors. India’s largest car maker plans to have as many as three models in the small car segment. This does not include Tata partner Fiat’s palio and soon to be launched Grande Punto. Tata Motors plans a new small car (code named X4) between the nano and the …
Volkswagen unveils dealership in Hyderabad
Volkswagen India today announced the appointment of Orion Motors as its authorized dealer in Hyderabad. Mr. Joerg Mueller, Volkswagen Group Representative for India and President of Volkswagen India as well as of the Volkswagen National Sales Company, said: “The partnership is in line with our strategy to extend Volkswagen’s reach in the country. The announcement …
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Banks hikes interest rate
Last week, RBI increased the cash reserve ration (CRR) by 50% which will result in increase in your EMI. The current hike is second in series this year and it means that you have to shell out on an average Rs 16,200 more on a loan of Rs 3 lakh for a period of three …
Renault Logan CNG and LPG on its way
After selling 25,890 units of the Logan in India Renault plans to drive the sedan into the overseas market.“We are exploring right-hand drive markets like South Asia, and Africa amongst others to export the Logan. We plan to start exports this year,” said Mr Nalin Mehta, Chief Operating Officer, Mahindra-Renault. Mahindra-Renault also plans to offer …
Tata Eyes Ferrari Designer
Tata may have grabbed the attention by showcasing the ultracheap Nano and Mahindra may have developed the rarest diesel electric hybrid. But to replicate the success of Honda’s and Toyota’s, Indain manufacturer have to gain knoweldge espescially in fields like styling. Certainly Indica’s and Bolero’s are superior and are very practical. But they doesn’t have …
Nissan plans Micra for India
Nissan is building a plant jointly with its partner Renault at a an investment of over Rs4000 crores. On the new plant you might have heard a lot but here is an interesting news. Nissan plans to offer eight products across all segments in India by 2012. Nissan is finalising vendors for various products which …
Bajaj and TVS hikes prices
Bajaj * Pulsar and Discover prices goes up in the range of Rs 500- Rs 600. TVS * 100-cc TVS Star City bike price is up by Rs 1000 * The price hike on the 160-cc Apache RTR is Rs 700 * The TVS Scooty becomes dearer by Rs 500 * The moped becomes dearer …
Honda to hike prices
Honda Siel Cars India today said it will increase the prices of its two sedans City and Civic between Rs 5,000 and Rs 10,000 in May due to the rising input cost. A company official said the rising steel prices and other input costs have put immense pressure, which the company has been trying to …