Automotive Industry news and views

Greaves Cotton enters into mini tractor segment in India with the launch of Ustad

Automotive News by Jayashankar Menon on Apr 17 2013

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 Bullet 500 motorcycle launched in Delhi priced at Rs 1.54 lakh

Automotive News by Jayashankar Menon on Apr 16 2013

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 unveils extended warranty service to car users in Kolkata

Automotive News by Jayashankar Menon on Apr 16 2013

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.

Mahindra increases its tractor market share in the US

Automotive News by Jayashankar Menon on Apr 16 2013

The financial year 2013 truly signaled the ‘Rise of Red’ for Mahindra USA (MUSA), a part of the $ 15.9 billion Mahindra Group, as the tractor manufacturer closed the fiscal year with record billings and record retail sales, gaining over 2% points, delivering its highest ever market share in the US.

Ajay Raghuvanshi appointed Vice President Business Management by Nissan India

Automotive News by Jayashankar Menon on Apr 16 2013

In line with its strong focus on the Indian market, Nissan has appointed Ajay Raghuvanshi as Vice President, Business Management, responsible for supporting pricing, marketing, sales and operations.

Kenichiro Yomura is the new President of Nissan India

Automotive News by Jayashankar Menon on Apr 16 2013

The Chennai-based Nissan Motor India Private Ltd today announced the appointment of Kenichiro Yomura as President of Nissan’s India operations.

Audi launches special edition A6 to celebrate sale of 6,000 cars in India

Automotive News by Jayashankar Menon on Apr 16 2013

Audi, the German luxury car manufacturer, today introduced a special edition of its largest selling luxury sedan Audi A6 to celebrate the sale of 6000 Audi A6 cars in six years in India.

Mahindra Financial Services to extend auto retail finance to Toyota customers in India

Automotive News by Jayashankar Menon on Apr 16 2013

Toyota Kirloskar Motor Private Ltd, today announced the signing of a Memorandum of Understanding (MoU) with Mahindra & Mahindra Financial Services Ltd to extend auto retail finance to their prospective customers.

Honda Amaze unveiled in Chennai

Automotive News by Jayashankar Menon on Apr 16 2013

Honda Cars India, part of the Japanese auto major, Honda Motor Company has unveiled its sedan, Honda Amaze in Chennai for a price of Rs 5.04 lakh (Ex-Showroom, Chennai) after the national launch on April 11, 2013 in New Delhi.

Volvo Eicher Commercial Vehicles inaugurate new dealership in Guwahati

Automotive News by Jayashankar Menon on Apr 15 2013

VE Commercial Vehicles Limited (VECV), a Volvo group and Eicher Motors JV inaugurated the modern and contemporary dealership for Eicher branded trucks and buses in Guwahati to strengthen the company’s resolve and commitment to provide sales and after sales support to the rapidly growing customer base of Eicher in North East India.

Bookmycab.com's new commuter friendly service Happy Hours commences in Mumbai from today

Automotive News by Jayashankar Menon on Apr 15 2013

Bookmycab.com, a top service provider of most economical radio taxi service in Mumbai, has introduced the new commuter friendly service, Happy Hours, offering a discount of 25 percent on minimum billing fares from 12.00 pm to 4.00 pm between Monday and Thursday.

'Pay How You Drive' model for car insurance launched in India by Policybazaar.com and Chleon

Automotive News by Jayashankar Menon on Apr 15 2013

Policybazaar.com, the country’s largest online financial services platform in collaboration with Chleon is introducing a new model 'Pay How You Drive' to calculate future insurance premium for car drivers.

Nissan India launches new financing scheme offering 40 percent less in EMIs

Automotive News by Jayashankar Menon on Apr 14 2013

The Chennai-based car manufacturer, Nissan Motor India Private Limited has announced a new financing scheme offering easier repayment options to potential buyers, which might as well result in up to 40 percent decline in Easy Monthly Installments.

Hero MotoCorp offers five year warranty on all its models

Automotive News by Jayashankar Menon on Apr 14 2013

India's largest two-wheeler manufacturer, Hero MotoCorp is offering a five year warranty for all its products.

Premium cars have the luxury to keep its head above water despite slowdown in India

Automotive News by Jayashankar Menon on Apr 14 2013

The comparison couldn't be more striking as in 2012, the combined losses of GM, Ford, Honda and Toyota solid at a little over Rs 1,500 crore, while BMW managed to keep its head above water with cool profit of Rs 80 crore, although it was down 52 percent over a year ago.