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 […]
Maruti Suzuki India Ltd has announced that Maruti Suzuki on March 26, 2008 unveiled the much awaited Swift DZire.
Like the earlier Maruti Suzuki models, Swift and SX4, the DZire too is set to redefine the market and stir excitement in the entry level sedan segment.
The DZire, which comes both in diesel and petrol engines, offers […]
Ratan Tata, who runs the Tata Group, one of India’s two biggest conglomerates, is buying into a history of trouble with his expected $2-3 billion deal to acquire the Jaguar and Land-Rover companies from Ford (F). The question is whether he can break a cycle of decline.
It’s been 40 years since the British government, in […]
Atleast four public sector banks and four foreign lenders are likely to join State Bank of India led consortium to raise the $3 billion for Tata Motors to fund their foreign acquisitions including the $2 billion Jaguar and Land Rover deal.
PSBs likely to join the consortium of financiers are Bank of India (BoI), Bank of […]
India’s leading car maker Maruti Suzuki said that it will launch the much-awaited mid-sized sedan, Swift ‘Dzire’ by the end of this month. The car is based on the highly successfull platform of the Swift and will eventually take the place of the phased out Esteem.
Price of the car was not divulged by the company […]
Utility and commercial vehicle maker Mahindra & Mahindra (M&M) will spend Rs 2,250 crore in the next two years to develop new vehicles to be rolled out by 2009 end.
The company has been developing four new platforms simultaneously in the utility and multi-purpose vehicle space aimed to further strengthen its presence in the non-car market.
The […]
Japanese car maker Mitsubishi Motors Corporation has decided to manufacture its sports utility vehicle Outlander in India, through its Indian joint venture with Hindustan Motors (HM), a C K Birla Group company.
The Indian JV currently manufactures the Lancer range of sedans, sells Montero, a premium segment sedan, and imports completely built SUV Pajero.
The company had […]
