Automotive Industry news and views

Bosch Automotive Aftermarket launches 125 service outlets in East India in a single day

Automotive News by Jayashankar Menon on Jan 18 2013

Bosch Automotive Aftermarkets (AA) today announced the launch of over 125 service centres in East India, with simultaneous inauguration of all centres in a single day, 18 outlets in West Bengal, 24 outlets in Guwahati, 30 outlets in Bihar, 33 outlets in Chattisgarh, five outlets in Jharkhand and 17 outlets in Orissa.

Maruti Suzuki shares gain four percent on recedeing fears of additional duties

Automotive News by Jayashankar Menon on Jan 18 2013

Although the incremental hikes in diesel prices in India could eventually shift consumers towards petrol models, analysts predicted in the near-term the measures should not dent sales of diesel models.

Exide Industries' profit remains flat at Rs 104 crore in October-December 2012 period in India

Automotive News by Jayashankar Menon on Jan 18 2013

Indian battery major, Exide Industries' profit remained placid at Rs 104 crore in the October-December 2012 in contrast with the year ago period, due to increase in input costs.

DSK Hyosung unveils Aquila Pro 650 cc and GT650R 2013 editions of motorcycles in India

Automotive News by Jayashankar Menon on Jan 18 2013

Korean two wheeler major DSK Hyosung has introduced two motorcycles, Aquila Pro 650 cc and GT650R 2013 editions in India yesterday.

Essar Ports to spend Rs 10,000 crore in Gujarat

Automotive News by Jayashankar Menon on Jan 17 2013

Essar Ports, part of the Essar Group would construct five berths at Salaya to handle liquid, solid and bulk container traffic.

Increase diesel prices in a phased manner, Assocham

Automotive News by Jayashankar Menon on Jan 17 2013

Oil marketing companies should increase diesel prices in phases in India, otherwise inflation will escalate further, industry body Assocham said yesterday.

Hike in diesel prices will not impact demand for diesel vehicles in India, Industry

Automotive News by Jayashankar Menon on Jan 17 2013

Indian vehicle manufacturers, who make diesel vehicles have welcomed the Government of India's decision to allow oil marketing firms to raise diesel prices.

Despite deregulation, Indian Government continues to control petroleum prices

Automotive News by Jayashankar Menon on Jan 17 2013

The Oil marketing firms' revenue losses on subsidised products is pegged at Rs 1,60,000.

Diesel price increased by 45 paise, petrol slashed by 25 paise in India

Automotive News by Jayashankar Menon on Jan 17 2013

Within hours after the Government of India allowed oil marketing firms to set diesel price corrections periodically, the retailers increased the price of the fuel.

Mahindra unveils all new range of 'Thinking Machines' in Chennai

Automotive News by Jayashankar Menon on Jan 17 2013

Mahindra 2 Wheelers, the two-wheeler division of the Mahindra Group has launched two of its 'Thinking Machines', Mahindra Pantero and Centuro in Chennai today.

Hero MotoCorp, Honda to unveil 'Made in India' products in 2014

Automotive News by Jayashankar Menon on Jan 17 2013

Indian two-wheeler industry is going to hot up in the next fiscal, as both the erstwhile partners, Hero MotoCorp and Honda are planning to introduce a slew of locally developed products.

Toyota introduces University Cricket Championship in India

Automotive News by Jayashankar Menon on Jan 17 2013

Toyota Kirloskar Motor (TKM) today launched Toyota University Cricket Championship (TUCC), a T-20 cricketing series to encourage cricket at the university level in India.

Scooters India revival plan in cold storage

Automotive News by Jayashankar Menon on Jan 17 2013

Government of India has postponed a decision the plan of reviving the ailing state owned Scooters India Limited.

Hero MotorCorp net profit for Q3 2012 dips 20 percent to Rs 488 crore

Automotive News by Jayashankar Menon on Jan 17 2013

Though Indian two-wheeler major Hero MotoCorp's net profit for the third quarter ended December 2012 declined by 20 percent to Rs 488 crore, the total income increased by 2.5 percent to Rs 6,278 crore.

Honda to hire 2,000 persons at its new two-wheeler plant in Karnataka

Automotive News by Jayashankar Menon on Jan 17 2013

Honda Motorcycle and Scooter India (HMSI) will also hire 2,000 people at its upcoming third manufacturing plant in Karnataka.