Mahindra & Mahindra (M&M), the country’s largest utility vehicle maker, is in talks to acquire Kinetic Motors, the Pune-based two-wheeler manufacturer. The move signals M&M’s interest in the two-wheeler segment, which has seen sharp growth and fierce competition in the past few years. The maker of Scorpio has been trying without success to get into […]
Honda Siel Cars India on Tuesday announced the launch of its 8th Generation Honda Accord in India.
The new Honda Accord will be available in three types - Accord 2.4, Accord 2.4 Elegance and Accord 2.4 Inspire.
The price of the vehicles start from Rs 16.49 lakh (ex-showroom Delhi) and go […]
Mitsubishi plans to price Outlander at Rs 15.5 lakh
Mitsubishi Motors plans to start a price war in the fast-growing sports utility vehicle (SUV) market with the launch of Outlander at around Rs 15.5-16 lakh.
Outlander will be one of the cheapest compact SUVs on road. It will be pitted against the costlier Honda CR-V, which is […]
Maruti posts Rs 297.7cr net profit
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Toyota Motor has taken the first-quarter global automotive sales lead from General Motors, selling 2.41 million vehicles to GM’s 2.25 million over the first three months of the year.
GM said on Wednesday that its first-quarter sales dropped across the globe by less than 1%, but Toyota said its sales were up 2.7% during the January-March […]
Tyre-maker MRF has been ranked highest in customer satisfaction among five tire manufacturers, according to the J D Power and Associates’ 2008 India original equipment tire Customer Satisfaction Index (CSI). The study analysed new-vehicle buyer satisfaction with their original equipment tyres by examining five key factors.
The study finds that there is a strong link between […]
World’s second largest car maker, Toyota will invest Rs 1,400 crore through its India subsidiary, Toyota Kirloskar Motor (TKM), into setting up the company’s second plant in the country.
The new plant, which will produce the small car in adition to other passenger vehicles including the Corolla, will be built at TKM’s site in Bengaluru, Karnataka, […]
Forgings major Bharat Forge is believed to have acquired an 89% stake in French forgings company Groupe Sifcor (Society of Industrial and Financial Courcelles).
The acquisition will give Bharat Forge an entry into the French automotive sector and access to big Sifcor clients like PSA Citroen and Renault.
The deal size is not clear and company officials […]
Maruti likely to increase introductory price of Swift DZire
Maruti Suzuki India on Thursday said it is likely to raise in the next few weeks, the price of its entry level sedan Swift DZire to offset high input costs.
“The company is likely to revise the introductory prices in the next few weeks […]
Ford will pay about $600 million to the Jaguar-Land Rover pension funds.
After nine months of negotiation, Tata Motors finally signed a deal to buy luxury brands Jaguar and Land Rover (JLR) from Ford Motor for $2.3 billion in cash, the largest acquisition by an Indian company in the automobile business.
The purchase price is less than […]
