The drivers and staff of all vehicles classified as ‘transport’ will be brought under the definition of ‘third party’ in third party insurance policies, the finance ministry said today. This will cover buses, vans and other commercial transport vehicles and will be implemented through the upcoming amendment to theMotor Vehicles Act. At present, only the driver […]
What India needs are more buses and better public transport and not more cars, said Union Minister of State for Road Transport, Highways & Shipping, Mansukh L Mandaviya. Tata Motors introduced its Nano car within a price bracket of Rs 1.5 lakhs-2 lakhs for middle class buyers. But low-cost cars merely add to the traffic […]
Maruti Suzuki,the country’s leading passenger vehicle maker, said its premium hatchback Baleno had crossed domestic sale of one lakh units. In addition to the domestic sales, 33,800 units of the car were exported across the world including countries like Japan and Europe, said the company. Baleno is also the first car to be exportd to […]
BMW experience tour will be held in Union Territory of Daman on the 6th and 7th of this month. The venue will be Hotel Miramar Lawn Grounds in Devka Beach Road , added the company. Participants will be allowed to test drive and know more in detail about the BMW models, services and offerings, the company said. Various models from […]
Hero MotoCorp Limited, the world’s largest two-wheeler manufacturer, said it clocked the highest ever two-wheelers sales in a single month as sales grew by 11% to 6.74 lakh units in September from 6.06 units last year. With this, Hero MotoCorp has sold 35.6 lakh units of two-wheelers between April to September this year, its highest […]
Steel Stripes Wheels Ltd said it achieved a 17% growth in total rim wheel sales in September from 12.08 lacs to 10.91 Lacs of last financial year. ´The tractor and passenger segment did extremely good and are expected to tread the same path in 3rd quarter of this financial year,´ said the company. Domestic Tractor […]
Automobile manufacturers Mahindra & Mahindra Ltd. said it raised Rs 475 crores via non-convertible debentures on private placement basis with a tenure of 10 years. The face value of the 7.57% debentures are Rs 10,00,000 each. Mahindra & Mahindra is an Indian multinational automobile manufacturing corporation based in Mumbai, Maharashtra. It is one of the […]
Maruti Suzuki India, the country’s leading passenger vehicle maker, said it has attained cumulative exports of 15 lakh (1.5 Million) from its vehicle exports to over 100 countries including Europe, Latin America and Africa. Early this year the Company’s premium hatchback Baleno manufactured exclusively in India became the first car to be exported from India […]
BMW experience tour will be held this weekend in Kancheepuram district of Tamil Nadu from 23rd to 25th of this month. The venue will be Madras Motor Race Tack on NH4 in Mevalurkuppam, added the company. Participants will be allowed to test drive and know more in detail about the BMW models, services and offerings, the company said. Various models […]
Mahindra & Mahindra Ltd is likely to maintain its market position in its core SUV and tractor markets despite the entry of new competitors, ratings company Crisil said. “Cost-efficient operations, development skills, broad product portfolio, and increased production capacity will enable the company to maintain its leading market position in the tractor, UV, and LCV […]
Jaguar Land Rover India launched the new Jaguar XF sedan in five variants starting from ₹ 49.50 lakh (ex-Delhi) in Mumbai. The new Jaguar XF is powered by the new Ingenium 2.0 l 4-cylinder turbocharged diesel engine that delivers a power output of 132 kWand is upto 20 kg lighter than equivalent previous generation engines. […]
Castrol India said its promoter Castrol Ltd sold 4.22 cr of its shares in the market through open sale today. Shares of Castrol India were up 9% at Rs 459.75 today. Castrol is a unit of UK-based BP Plc. With this, the promoter’s share in the company has come down from 59.4% to 50.9%. Back […]
TVS Motor Company, one of India’s leading two wheeler manufacturers, launched new colour variants for its two brands of motorcycles TVS StaR City+ and TVS Sport in Bangalore today. The new colour variants TVS StaR City+ in Spotlight White colour & TVS Sport in Black Silver colour have been launched to mark the approaching festive […]
BMW experience tour will be held this weekend in Aurangabad district of Maharashtra on the 10th and 11th of this month. The venue will be Hotel Manor Kranti Chowk which is opposite Rani Lakshmi Bai Park, added the company. Participants will be allowed to test drive and know more in detail about the BMW models, services and offerings, the company […]
Hero MotoCorp (HMCL), one of the largest two wheeler manufacturer, reported two-wheeler sales growth of 28% for the month of August as compared to the same period previous year. The sales in month of August wasto 6,16,424 units compared with 4,80,537 units, said the company. This is the third time that the company has crossed […]
Maruti Suzuki, India’s largest passenger vehicle maker, launched its first Light Commercial Vehicle “Super Carry” at a price of Rs 4.03 lakhs in Ahmedabad. Maruti Suzuki Super Carry has a 793 cc diesel engine and delivers a mileage of 22.07 Km per litre and comes with a loading capacity of 740 kgs and a loading […]
Escorts, one of India’s agri-machinery manufacturing company, reported a growth of 55% in its tractor sales to 3,722 units for the month of August, said the company. Exports grew by 17% to 55 units for the August month whereas the domestic market saw a growth of 55.7% to 3,667 units, added the company. The tractor […]
Eicher Motors reported growth of 32% to 55,721 units from 41,360 units sales for its Royal Enfield motorcycles for the month of August. The below 350cc models saw an increase of 30% in sales whereas the above 350cc models saw the highest growth of 43%. Royal Enfield’s exports grew by 30% to 986 from 760 […]
Maruti Suzuki, one of India’s leading automobile manufacturers, launched the Swift Deca a limited edition model of its hatchback model Swift at a starting pirce of Rs 5.94 lakhs in India. The model comes in two variants Swift Deca Edition VXi and Swift Deca Edition VDi adn comes in two colours- bright red and pearl […]
Minda Corporations reported revenue of Rs 6,954 million, an increase of 31.7% in the April-June Quarter in 2 016 compared to its revenue in the previous year, boosted by an acquisition. Profit After Tax (PAT) increased by 22.9% quarter on quarter to Rs. 249 million and EBITDA increased by 27.5% to Rs. 626 million. On the strong […]
