Latest Updates On Auto & Automobile News of India |
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| Tata Motors plans to launch `world truck` by May-end |
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 India`s largest commercial vehicles maker Tata Motors is planning to launch its `world truck` by the end of May 2009 by phasing out its existing heavy and medium-range trucks.
The sources informed that the company is launching the world truck along with its subsidiary Daewoo Commercial Vehicles on a completely new platform. The source also indicated that it would be priced at a premium of 5-10% compared to its existing range, as it will have almost same features such as AC cab... |
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| Cost of hybrid vehicles to fall ultimately |
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 Mr. John P. Absmeier, Director of Business Development (Asia-Pacific) and Manager of Advanced Engineering for Hybrid and Electric Vehicles and Power Electronics of Delphi Corporation said that the cost of hybrid vehicles is going to come down.
The recent global slowdown in the automotive industry has certainly influenced the mindset of buyers towards fuel efficiency and green technologies. Hybrids could be considered as a good option for sustainable cost benefits.
The g... |
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| Hyundai Motor to hit rural markets of India |
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 Hyundai Motor India Ltd (HMIL) has announced that it is aiming to hit the rural parts of the country through a new marketing initiative called `Hyundai Utsav`. It has already successfully tapped into urban and semi-urban markets.
The aim of this initiative is to step up sales in rural areas and tier-III cities across Andhra Pradesh and Punjab initially. Beginning April 18, the `Hyundai Utsav` initiative will be launched in over 50 venues in Andhra Pradesh and Punjab markets.
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| Daimler to buy Hero Group`s stake to do Indian truck business alone |
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 Daimler AG is planning to buy out the Hero group`s stake to go it alone in the trucks business in India.
According to the agency reports, Daimler would pay euro 16 million (about Rs 105 crore) to buy Hero`s 40 per cent stake.
A Daimler press release said that the Hero group`s decision to pull out of the joint venture to the economic situation and the continuing weakness in demand in India.
Ina release, Mr. Andreas Renschler, the Daimler AG Board of Managem... |
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| Mercedes launches new Benz M-Class car in India |
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 One more SUV is entering Indian market as Mercedes launches its new Benz M-Class car in the country on 9th April 2009.
There is a notion that SUVs are meant only for utility purposes. But, gone are the days when SUVs used to be the bulky machines that were meant mainly for utility and sheer transportation requirements. Mercedes-Benz brings their latest M-Class vehicle that boasts to be a luxury car that shines with its smart enhancements in terms of styling, equipment and features ... |
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| Maruti to launch BS4 compliant models in a phased manner |
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 Maruti Suzuki, India`s largest automaker company in terms of sales is planning to launch its Bharat Stage (BS 4) compliant models in a phased manner this year.
According to the company, due to its vast product portfolio it may not be able to make all its models compliant at the same time.
Mr. I.V. Rao, Executive Officer, Research and Development, Maruti Suzuki stated, "We have a staggered implementation plan. The deadline is April 1 for implementing the new emission no... |
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| Nano bookings remain open even in holidays |
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 Bookings for the Tata Motor`s Nano car continued in many parts of the country despite holidays of Good Friday and Easter Sunday.
The 400-and-odd Tata Motors dealerships and 51 Westside/Croma outlets which remained open through last week have added to this. Booking forms were accepted at counters set up by various banks at the dealerships. Preferred financiers also set up car loan counters here.
While it is still tough to work out the figure of total bookings, a single ... |
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| Tyre makers asks for Govt help to control rubber prices |
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 The Automotive Tyre Manufacturers Association (ATMA) has sought for immediate government intervention troubled by the increase in speculative activity in natural rubber futures trading.
It is a matter of concern that despite no major change in fundamentals of demand and supply, domestic natural rubber price has increased from Rs 70 a kg on March 1 to Rs 95 on April 9, an increase of 36 per cent in just about a month`s time.
The needless increase of natural rubber price ... |
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| Luxury carmakers offer large discounts, low-interest loans to draw customers |
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 The luxury car makers are offering huge discounts and low-interest loans to woo buyers, as they want to repel competition from new models in a slowing market.
Luxury cars, with a price tag above Rs 20 lakh, posted a 34% growth in sales last fiscal to 8,313 units, the highest among all car segments. Companies are aiming a line of new launches to push sales and beat the slowdown.
The luxury in India has never been so cheaper as tough market conditions have forced segment ... |
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| Maruti plans to introduce hybrid cars in 3 to 5 years |
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 India`s largest car company by sales Maruti Suzuki is planning to launch electric cars and compressed natural gas (CNG) variants for three or four models in the domestic market.
This launch is part of the company`s broad strategy to develop small cars that run on alternative fuel technology.
Maruti Suzuki Managing Director Shinzo Nakanishi said, "We are developing electric car technology for India. But it might take us up to the next five years or more to manufacture a... |
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