Latest Updates On Auto & Automobile News of India |
|
|
| Rolls-Royce launches Phantom car in India for Rs 4 crore |
|
 Rolls-Royce has introduced the world`s most admired car Phantom in India with a price tag of Rs 4 crore, which is supposed to attract new millionaires in India.
Phantom is the most expensive car launched in India until now. Rolls-Royce Phantom is the ultimate car in design, style and technology. It is a perfect blend of traditional Rolls-Royce features and 21st century engineering.
The new car from Rolls Royce has 6.75-litre V12 engine. The all-aluminium en... |
|
| Hero Motors to spend Rs 100 crore with Austrian firm in India |
|
 Hero Motors has announced on Tuesday that it will invest Rs 100 crore in India in partnership with Austrian firm BRP Powertrain for manufacturing automotive transmissions in the country.
Both the companies have signed a five-year Memorandum of Understanding to manufacture the transmissions at Hero Motors` Gaziabad facility with an installed capacity of one lakh units per annum.
Speaking to the media, Pankaj Munjal, Hero Motors Managing Director stated, "This... |
|
| Volkswagen commences trial production of Polo at Chakan plant |
|
 Volkswagen, one of the leading carmaker companies, has started trial production of the Polo cars at its Chakan plant in India today. It was flagged off today by Dr Philipp Rosler, the Minister of Economics, Labour and Transportation of the German Federal State of Lower Saxony.
Polo car is going to be VWI`s first locally made product in the Indian market. The car will be launched at New Delhi`s Auto Expo in January 2010, with commercial production to follow.
... |
|
|
|
| Mahindra Renault plans to launch two more models in India this year |
|
 Renault, the French car maker is planning to launch two new models in India with its partner Mahindra & Mahindra this year.
However, the automaker company has indefinitely postponed plans to launch products from its Chennai facility.
Speaking to the media, a Renault India spokesperson stated, "Our Nashik facility (capacity) is under-utilised. We are actively looking at introducing one or two new models from the plant in this year in order to have better util... |
|
| Govt. extends time period for depreciation benefit on commercial vehicles |
|
The government on Friday has extended the time period for getting higher depreciation benefit on commercial vehicles by six months up to September-end, the Central Board of Direct Taxes (CBDT) said in a statement.
This move is aimed at to encourage the demand of such vehicles. Now, commercial vehicles purchased on or after January 1, 2009 and put to use before October 1 will be eligible for depreciation at the rate of 50 per cent.
Companies obtain tax benefi... |
|
| Ford India with Autocar India launches marathon drive across India |
|
 Ford India, in partnership with Autocar India, has started today a marathon 20,000 km drive across the country.
The `Ikon Cross Country Drive` will pass through 26 state capitals and three union territories of India and will take a total of 46 days to cover the entire distance.
Mr. Michael Boneham, President & Managing Director of Ford India, said that the effort would validate the performance claims of the company, as the cars will pass through all kinds o... |
|
| India Inc. Companies opt for bulk booking of Nano as staff rewards |
|
 India Inc. companies like Shree Cement, Linc Pen are going for bulk booking of Tata`s Nano cars to offer to employees as a reward option.
Nano has come as a good hope at the age of recession. Even the IT sector employees are affected by the recession and preferred for Nano.
Shree Cement, which booked a record 1,000 Nanos on Wednesday, is leading the line. HM Bangur, Shree Cement managing director said, "I decided to book Nano not because it is a cheap car bu... |
|
|
|
| Audi launches new Audi A6 in India |
|
 Audi, German luxury car-maker on Thursday has launched its business sedan Audi A6 in the Indian market.
In a statement, Audi India Managing Director Benoit Tiers said, "The Audi A6 is the most successful business sedan worldwide and one of our main contributors to our achievement in the Indian market. We believe the new Audi A6 will be one of the key players in the Indian luxury car market."
This new car from Audi comes with four engine variants and it would... |
|
| Nano bookings may touch 10-lakh mark |
|
 The Tata Motor`s Nano bookings number is expected to touch 10-lakh on Saturday (April 25) and the company will announce the final count early next week.
According to within industry circles, it is estimated that there will be close to 10-lakh bookings, which will possibly make it the highest in the history of the Indian automobile industry.
Customers are getting lots of options to book the car, be it procuring a loan from one of the banks associated with the... |
|
| Renault postpones launch of its cars in India indefinitely |
|
 Renault, the French auto major has postponed indefinitely its plans to launch its cars in the Indian market from the upcoming Chennai plant due to global slowdown, which has affected the firm`s worldwide operations.
According to a senior Renault India official, "We have indefinitely put on hold our product plans...it is because of slowdown that has affected us globally."
The company had already stopped hiring for production activities in its upcoming Chennai... |
|
|
|
|
Previous | Next
|
