Ennore Port, Tamil Nadu and Inland Container Depot at Faridabad were added to the existing list of ten ports and ICDs through which import of new vehicles was permitted under the new Annual Supplement 2013-14 to the Foreign Trade Policy 2009-14, announced by Indian Minister for Commerce, Industry and Textiles, Anand Sharma.
In a move that would elicit cheer among the hospitality industry in India, Union Commerce Minister, Anand Sharma yesterday allowed hotels and tour operators to import cars and SUVs under the Served from India Scheme (SFIS).
As a part of its growth strategy, Volkswagen India, the local arm of the German auto major, Volkswagen AG will now export parts and components of Volkswagen Vento and in the near future of Volkswagen Polo to Malaysia where the cars will be assembled for the local market.
Audi, the German premium car manufacturer, bringing its unique driving experience programme, the Audi sportscar experience (ASE) 2013 to multi-cities in India.
Union Heavy Industries Minister, Praful Patel yesterday batted for the continuation of the current tax structure on imported cars from Europe.
Mohite Automotive has announced its foray into the automotive segment with the inauguration of Volkswagen Goa North in the western Indian state of Goa.
For the first time, the manufacturer of MINI Countryman, the compact sports utility vehicle from the stable of German auto major, will be produced at the BMW's Chennai plant from May this year, apparently with the aim of extending its footprint in the burgeoning SUV market in India.
Maruti Suzuki India has bagged accolades for its best selling car, Swift DZire and the popular Ertiga from the prestigious India Design Mark: Good Design Award 2013.
BMW India today announced the commencement of local production of MINI Countryman at its plant near Chennai in Tamil Nadu, the first time, the car is being produced outside Europe.
The Pune-based two-wheeler and three-wheeler manufacturer Bajaj Auto Limited, the second largest two-wheeler maker in the country has emerged as a favourite among Foreign Institutional Investors (FIIs) during the quarter ended March, 2013 despite the auto sector facing market slowdown.
Toyota Motor Corporation (TMC) said the cumulative global sales of its hybrid vehicle, Prius crossed the five million unit mark as of March 31, 2013 reaching 5.125 million units, including plug-in hybrid vehicles according to TMC data.
Honda Cars India, the domestic arm of the Japanese car major, Honda has tasted humungous success with its newest sedan from its stable, Honda Amaze, which is also entering into to the diesel segment for the first time in India, with a record 1,500 bookings coming from just two dealerships from Andhra Pradesh and Tamil Nadu.
The farm equipment division of Greaves Cotton Limited has formally entered into the mini-tractor segment in the country with the introduction of its first ever compact vehicle, Ustad especially aimed at farmers with small landholdings.
Royal Enfield, part of the Eicher Group has unveiled new Bullet 500 motorcycle in New Delhi yesterday with a price tag of Rs 1.54 lakh (On-road, Delhi).
MyTVS, the popular brand of TVS Automobile Solutions Limited, announced today about its entry into yet another customer centric car service business - Certified Used Car Warranty – which is expected to be a significant value addition to car customers.
