| Business Standard: Automobiles News |
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Bofors: Centre decides to withdraw case against Quattrocchi: The two-decade old Bofors pay-off case may finally be buried with the Centre today telling the Supreme Court that it has decided to withdraw case against Italian Businessmen Ottavio Quattrocchi.
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Hyundai to ramp up production by 18% in 2009: It is planning to launch its sports utility vehicle (SUV) 'Santa Fe' in 2010, besides exploring possibilities to roll out a smaller car than 'Santro' in the Indian market.
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Maruti launches Ritz; priced at Rs 3.90-4.99 lakh: The country's largest car maker, Maruti Suzuki India, today launched its latest small car Ritz in both petrol and diesel variants, offered at an introductory price of Rs 3.90-4.99 lakh.
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Bajaj Auto surges over 7% on new bike plan: The stock touched a high of Rs 739 and finally closed up 7.4% at Rs 738. The counter witnessed comparatively heavy trading volumes of 331,103 shares as against the two-week daily traded average of 52,099 shares.
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Hero Honda sales surge 29% in April: Continued efforts to boost sales in rural areas helped Hero Honda Motors (HHML), India's largest maker of two-wheeler to post a growth of 29.45 per cent in sales at 370,575 units during April. The company had sold 286,252 units in the same month a year ago.
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Apollo Tyres offers to buy Dutch tyre maker: Delhi-based Apollo Tyres, the country's second-largest tyre producer, has offered to acquire 100 per cent stake in Vredestein Banden B.V, a Netherland-headquartered premium tyre making for an undisclosed sum.
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Tata Motors launches new Starbus range of buses in Maharashtra: Tata group company, Tata Motors, today announced the launch of an all-new Starbus range of buses in Maharashtra.
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Bosch Q1 net dips 69% at Rs 49 cr: Bosch Limited posted 69 per cent fall in net profit after tax to Rs 49.38 crore during its first quarter ending March 31, 2009, from Rs 161.72 crore in the corresponding period a yearearlier.
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Honda Motorcycle launches new Activa with more mileage: Honda Motorcycle and Scooter India Private Limited (HMSI), two-wheeler subsidiary of Honda Motor Company, Japan, today launched the "New Honda Activa", with refresing new style, more mileage and hoard of new features.
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Plans on track, 1st car to roll-out by summer 2010: Nissan: "There is no delay, our plans are on track and Nissan India will come out with its next-generation A-segment car, Micra, on schedule before summer 2010," Nissan Motor India's Managing Director and CEO, Kiminobu Tokuyama, told PTI here.
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Bajaj Auto Sales down in March: Annual sales of two and three wheelers manufactured by Bajaj Auto were down 13 per cent in March, 2009, and stood at 154,093 units, as against 176,280 units in the year ago month.
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Automobile Corporation net dips 87%: Automobile Corporation of Goa, manufacturer of sheet metal components, today said its net profit for the fourth quarter ended March 31, declined 87% to Rs 1.13 crore.
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Markets in recovery mode: The markets are on the path to recovery, thanks to the strength in consumer durables, auto and metal sectors.
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Maruti Suzuki hikes prices of most models: The country's largest car maker Maruti Suzuki India today hiked prices of most of its models by an estimated up to Rs 10,000 to offset the increase in input costs, including that of steel.
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Toyota to ramp up Fortuner's capacity: Toyota Kirloskar Motor today said it would ramp up the assembling capacity of its most successful SUV in the country, Fortuner, to 1,000 units from next month on the back growing demand.
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Tata Motors Dec sales more than doubles at 51,627 units: The auto major's total passenger vehicle sales and distribution in the domestic market recorded a 49% jump at 14,654 units compared to 9,838 vehicles in December 2008, the company said in a statement.
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Maruti to position Ritz at upper end of compact segment: Auto maker Maruti Suzuki plans to position its upcoming car 'Ritz' at the upper end of the compact car segment that will be powered with a 1197 cc engine.
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Renault puts on hold India car launch plans indefinitely: French auto major Renault has put on hold indefinitely its plans to introduce its cars in the Indian market from the upcoming Chennai plant on account of global slowdown, which has affected the firm's worldwide operations.
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Hero Honda maintains growth, net profit rises 35% to Rs 402 cr: In line with market expectations, the countrys largest two-wheeler company, Hero Honda, earned a net profit of Rs 402.2 crore for the quarter ending March 31, nearly 35 per cent more than the Rs 298.7 crore for the same quarter last year.
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GM approaches potential bidders for Hummer unit: General Motors has approached previous potential bidders for its Hummer unit after a deal to sell the brand to an obscure Chinese firm collapsed, a source with knowledge of the matter said on Friday.
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