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Automobile News in India for July 2008
Ultra Motor launches `Marathon'
Kochi, July 31, 2008: Ultra Motor Company, a UK-based global electric vehicle company, launched its high-end range electric scooter `Marathon' in the city on Tuesday. Mr Deba Ghoshal, Director, Marketing Ultra Motor India, claimed that the vehicle would travel 100 km on a single charge and is priced at Rs 31,047 (ex-showroom Kochi). It is primarily t... More...
LML loss widens for Jun`08 qtr
Italy, July 31, 2008: LML announced that the loss for the quarter ended June 2008 has widened. During the quarter, the loss of the company rose to Rs 133.16 million compared with a loss of Rs 112.50 million in the same quarter last year, due to higher input cost. The company reported profit of Rs 1... More...
Hero Honda Net Profit Zooms 44 Per Cent, Riding On Robust Sales in Q1, 2008-09
New Delhi, July 29, 2008: Hero Honda Motors Ltd (HHML), the world’s largest two-wheeler manufacturer, today reported an impressive bottom line growth to match its robust top line performance during the first quarter (April-June) of the financial year (FY) 2008-09. Hero Honda reported 44... More...
Mahindra Lifespaces Q1 Total Income up 14% at Rs 53.96 crores
Mumbai, July 28, 2008: Mahindra Lifespace Developers Ltd. (MLDL) the real estate and infrastructure development arm of the Mahindra Group today registered a 14% rise in its total income at Rs 53.96 crores in Q1 FY09 as against Rs 47.41 crores in Q1 FY08. The profit after tax for Q1 FY 09 is Rs. 9.75... More...
Central Motor to Become Full TMC Subsidiary
Tokyo, July 28, 2008: TOYOTA MOTOR CORPORATION (TMC) announced today that TMC and Central Motor Co., Ltd. (Central Motor) have signed a share exchange agreement by which Central Motor shall become a wholly owned subsidiary of TMC, each company having adopted a resolution approving the share exchange at a meeting of its board of directors held today.... More...
TVS Motor Reports Revenues Of Rs. 924.74 Crore in Q1 Exports up by 50%
Bangalore, July 28, 2008: TVS Motor Company has reported revenue of Rs. 924.74 crore for the quarter ended June 2008 compared to Rs. 801.56 crore recorded during corresponding quarter in the previous year. The figures for Profit before tax (PBT) and Profit after tax (PAT) during the quarter un... More...
CCEA approves Volvo-Eicher deal.
New Delhi, July 28, 2008: The Cabinet Committee on Economic Affairs has given its consent to AB Volvo to own 45.6 per cent stake in the joint venture with Eicher Motors Ltd to produce commercial vehicles and components. “The cash investment by Volvo together with its subsidiaries or affiliate... More...
Maruti Suzuki to roll out new 'M800 Uniq'
New Delhi, July 28, 2008: Country's largest carmaker Maruti Suzuki is turning to a 'Uniq' way to give further impetus to its oldest brand M800, with plans of launching a limited edition of the car. Christened 'M800 Uniq', the new car will come at an extra cost of Rs 5,200 extra over the regular mod... More...
Hyundai Motor India ships first DKD consignment to Sudan
New Delhi, July 23, 2008: Hyundai Motor India Ltd, India’s largest passenger car exporter and second largest manufacturer, today shipped its first consignment of DKD (Disassembled Knocked Down) cars to Sudan. With an order for more than 2,000 units, the first shipment comprised of 96 DKD units of Hyundai’s popular compact - the i10, recip... More...
Eleven Minutes, 58 Seconds and Zero Emissions
Troisdorf, July 23, 2008: Lap runs on the Nürburgring Nordschleife in Germany's Eifel region are often cancelled due to rain. But the wet weather didn't stop Nissan from taking its X-TRAIL fuel cell vehicle for a spin on the course recently, making Nissan the first automaker to record an FCV lap on the famous race track. ... More...
