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Feed: CARAZOO AUTO NEWS
Auto and auto-related news at your fingertips. If it is happening in the auto world we will bring it to you with a click.
M&M to Decide On Ssangyong Bid Later
29 July, 2010 : Mahindra & Mahindra, India’s largest utility vehicles and tractor maker, has now announced that it would postpone a decision on whether to bid for troubled Korean carmaker Ssangyong Motor Co until closer to the August deadline.
Mahindra Earmarks Rs 8,600 Crore Capex for Next Five Years
29 July, 2010 : Buoyed by a robust 40.30 per cent jump in its net profit for the last quarter, M&M said that it will invest about Rs 8,600 Crore in the next five years for various purposes. The company reported a net profit of Rs 562.39 Crore for the quarter ended June 30 compared to Rs 400.85 Crore in the same quarter last fiscal.
Toyota's Global Sales in First Half Of 2010 Up By 16.9 Percent
28 July, 2010 : Toyota has announced that its global sales jumped 16.9 per cent in the first half of the year, as a recovery in the Japanese auto industry became stronger on increasing demand. The Toyota Group, including Daihatsu and Hino trucks, has sold 4,165,590 units in the six months of the year 2010. The global production of the company went up by 46.8 per cent to 4,356,597 units compared to last year.
Honda India Invests Rs. 250 Crore to Expand the Powertrain Facility
28 July, 2010 : Honda Siel Cars India announced an investment of Rs. 250 Crore in its Tapukara Plant in Rajasthan for the expansion of the power train facility. The powertrain facility, currently under construction, will be completed by the end of 2010 and will be utilized to manufacture engine and transmission components such as Cylinder Head and Cylinder Block which were till now being imported from Indonesia and Thailand.
Maruti Shows Poor Quarterly Results, falls 12.31%
27 July, 2010 : Maruti Suzuki has fallen 12.31 per cent on Monday on the Bombay Stock Exchange (BSE) due to the company’s poor quarterly results.
Chevrolet Cruze Sales Pass 270,000 as U.S. Introduction Nears
27 July, 2010 : Even before the first models reach U.S. dealers, the Chevrolet Cruze is among the fastest-growing nameplates in the world with sales rising an average of 18 per cent per month.
Bajaj's Small Car Project to Roll Out From Waluj Facility
26 July, 2010 : Bajaj Auto’s new car project, a joint venture with Renault and Nissan, will be rolled out from the company’s Waluj manufacturing plant in Aurangabad, and from Chakan, near Pune, said Rajiv Bajaj, managing director.
Rolls-Royce Aims To Sell 50 Units in India This Year
23 July, 2010 : Super luxury car manufacturer Rolls Royce is aiming to sell a total of 50 units this year in India including the newly launched Ghost 2010 series, its authorised dealer said.
Honda to Invest Rs 300 Crore in Tapukara Unit
23 July, 2010 : Honda Siel Cars India (HSCI) plans to invest Rs 300 Crore in its second plant at Tapukara (Rajasthan) to make engine and transmission components (powertrain) that will help it cut cost of critical car components.
Second Generation Porsche Cayenne Launched in India
22 July, 2010 : German luxury car manufacturer Porsche has launched the second-generation Cayenne in India. Porsche has launched five variants, Cayenne, Cayenne S, Cayenne Turbo, Cayenne Diesel and Cayenne S Hybrid, in the Indian market.
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