Bajaj Auto has once again pipped Mahindra to become second most valuable automobile manufacturer in the country.Automotive News by Jayashankar Menon on Feb 2 2013
The year 2013 has not brought any cheer to the car manufacturers in India, with ten leading auto makers collectively recording a dip of 4.7 percent in sales at 216,511 units in January this year.
Bank of Baroda's base rate and benchmark prime lending rate is now pegged at 10.25 percent and 14.50 percent respectively.Automotive News by Jayashankar Menon on Feb 1 2013
Mahindra & Mahindra today logged a 9.76 percent decline in its total tractor sales in January 2013 at 17,473 units, versus the sales of 19,362 tractors in the same month last year.Automotive News by Jayashankar Menon on Feb 1 2013
The 23-yeard old Sudarshan Venu, son of TVS Motor Chairman Venu Srinivasan, has been appointed as an additional director of TVS Motor with immediate effect and he will function in the rank of whole time director.Automotive News by Jayashankar Menon on Feb 1 2013
Two-wheeler maker Suzuki Motorcycle India today reported 13.91 increase in its sales at 39,982 units in January 2013, in contrast with the sales of 35,099 units in the same month of 2012.Automotive News by Jayashankar Menon on Feb 1 2013
The net profit of the Chennai-based two-wheeler and three-wheeler manufacturer, TVS Motor Company has clocked a decline of 7.2 percent for three months ended December 31, 2012 at Rs 52.45 crore in contrast with the net profit of Rs 56.53 crore posted for the corresponding period in the previous fiscal yeaAutomotive News by Jayashankar Menon on Feb 1 2013
The Chennai-based US car major, Ford India today posted 34.05 percent fall in its total sales in January this year at 7,115 units, as against the sales of 10,789 units in the year ago period.Automotive News by Jayashankar Menon on Feb 1 2013
GM India is also ready with its electric car and is awaiting Government policy before its launch.Automotive News by Jayashankar Menon on Feb 1 2013
Two-wheeler manufacturer Honda Motorcycle and Scooter India ( HMSI) today posted 21.63 percent growth in its total sales for January 2013 at 2,30,304 units, in contrast with its total sales of 189,353 units in the year ago period.Automotive News by Jayashankar Menon on Feb 1 2013
The Dharwad Tata Ace Zip manufacturing was set up with an investment of over Rs 900 crore.Automotive News by Jayashankar Menon on Feb 1 2013
The management of two-wheeler major from India, Hero MotoCorp has decided to hike increments to Rs 8,500-9,000 spread over a three-year period to break the impasse it has with the labour union.Automotive News by Jayashankar Menon on Feb 1 2013
Honda Cars India Ltd (HCIL) today said it had achieved over three-fold increase in its domestic sales for January 2013 at 5,451 units as against 1,784 units sold in the year ago period.Automotive News by Jayashankar Menon on Feb 1 2013
India Yamaha Motor sold 29,785 units in January 2013 as against 26,300 units sold in January last year in the domestic market.Automotive News by Jayashankar Menon on Feb 1 2013
Tata Motors’ total sales (including exports) of Tata commercial and passenger vehicles in January 2013 stood at 61,660 vehicles.