Tata Motors is selling stake in Tata Motors Finance.
Rumours are that SBI is in fray to get 50% stake in TMFL.
TMFL is the largest financier of vehicles made by Tata Motors with over two million customers financed. A media report had said SBI may pick up a 49% stake in the financing arm.
Tata Motors Group global sales grow by 93% in January 2010 to 85714 vehicles
The Tata Motors (NYSE:TTM) Group global sales, comprising of Tata, Tata Daewoo and Hispano Carrocera range of commercial vehicles, Tata passenger vehicles along with distributed brands in India, and Jaguar and Land Rover, were 85,714 nos. in January 2010, a growth of [...]
Tata motors sales up 84%
BMW India is set to start a separate Used car division in India . This will focus to cater to people who cant afford a new BMW vehicle.
Company will be arranging finance and other required infrastructure.
Mercedes too will soon jump into this business. Mercedes BENZ lost its leadership position to BMW this year. The [...]
GM India launches Chevrolet Beat
Toyota Prius Hybrid Version Car India
Automobile News from Press Trust of India
India’s Toyota-Kirloskar Motor today launched its hybrid car Prius in India priced between Rs 26.55 lakh and Rs 27.86 lakh (ex-showroom price New Delhi).
“Through the launch of Prius, Toyota is keen to demonstrate its commitment to offer the latest eco-friendly automotive technology to its [...]
GM INDIA Press Release .
General Motors India today said it will commercially launch electric car Spark in October this year which could be priced at around Rs 7 lakh.”We are looking at initially manufacturing 5,000 units of the car (e-Spark). The car will roll out from our Talegaon, Maharashtra facility from October this year,” GM [...]
Muruti Suzuki EECO .
Maruti is set to launch a ultimate purpose vehicle EECO in few days . Price is between 2.5 to 3 lacks .
Honda Motors launched a new version of HONDA ACTIVA with Combi – Brake feature a Technology enables shorter braking distance and stable braking.
The new Honda Activa Price : Rs 42,874 ex showroom Mumbai.
Maruti Suzuki will launch its Small car, Ritz, in May.
The mass market car will be launched in the small car segment with a 1.2 litre KB series petrol and 1.3 litre multijet diesel engine simultaneously.
The Ritz will be built on Maruti’s successful Splash platform and will be priced between Rs 4 lakh and Rs 5 [...]
Maruti plans to launch A-star in Oct
Top car maker, Maruti Suzuki India Ltd, plans to launch A-star model in the local market as scheduled in October and start exports from December or January, a senior company official said on Thursday.
Initially, the car will be exported to Europe, Managing Director Shinzo Nakanishi told reporters on the [...]
TATA Motors Suspends Operations for Nano
Tata Motors, whose wonder car Nano is eagerly awaited to hit the roads, is now developing an electric car, company Chairman Ratan Tata said today. The company is also developing an eco-car in Thailand and has plans to bring out a new range of world-class trucks, he said.
Speaking at the company’s AGM, Ratan Tata said [...]
German firm Robert Bosch GmbH today made a open offer to the shareholders of Bosch Chassis Systems India for acquiring 20 per cent stake in the company at a maximum price of Rs 600 per share.
As per the open offer Robert Bosch GmbH would acquire up to 4,158,906 equity shares of Rs 10 each representing [...]
Aiming to expand the fleet of environment friendly vehicles in the country, homegrown auto major Mahindra & Mahindra on Thursday said it will introduce the CNG version of its SUV Scorpio, besides plans to launch electric vehicles.
The company on Thursday launched its CNG pick-up vehicle, Bolero Pik Up, in the pay-load of 1-1.5 tonne, priced [...]