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Automobile News in India for June 2008
Maruti brushes aside Nano competition
New Delhi, June 30, 2008: As Tata Motors gears up to roll out Nano by Durga Puja, country's largest car maker Maruti Suzuki is confident that the Rs one-lakh wonder will be of no competition to it. "It (Nano) increases the market size but it will not cut into the market of people who are buyin... More...
HMSI set to entice the youth; Launches ‘CBF Stunner’ – A new Sporty Bike by Honda
New Delhi, June 30, 2008: Honda Motorcycle & Scooter India Pvt. Ltd. (HMSI), the 100% owned 2-wheeler subsidiary of the Honda Motor Company, Japan – the world’s largest manufacturer of 2-wheelers, today unveiled its latest offering “CBF Stunner” in the Indian motorcycle segment. Targeted at youth, CBF Stunner’s sharp and sporty look wi... More...
TVS Motor reports turnover of Rs. 3291 Cr, exports up 32% in fy '07-'08
Chennai, June 30, 2008: The financial year 2007-08 was an eventful year for TVS Motor Company. During the year, the company completed its product portfolio with the launch of TVS Flame in the executive segment. It also entered the three-wheeler segment with the launch of TVS King. The year marked the commencement of commercial production from i... More...
Hyundai encourages Children to ‘Sketch the i’
New Delhi, June 27, 2008: The all new compact Hyundai i10 - the most awarded car of 2008 - has a new association now, as it encourages schoolchildren across India to ‘Sketch the i’- an educational program aimed at creating safer drivers in the future by targeting today’s school children. The country’s fa... More...
Toyota may hike car prices
Tokyo, June 27, 2008: Toyota Motor Corp said on Friday it may need to consider raising the prices of its passenger vehicles in the future due to surging raw materials costs, though fierce global competition would make such a move difficult. "Our basic principle is to continue to work on cost r... More...
Nissan Production, Sales, and Export Results for May 2008
Tokyo, June 26, 2008: Nissan Motor Co., Ltd. today announced production, sales and export figures for May 2008. Production Nissan’s global production in May increased 5.1% year-on-year to 275,918 units. Export models from Japan such as Rogue, Murano, X-Trail and March boosted domestic production to 100,299 units, exceeding the previous year by ... More...
Nissan to Grow Car Rental Business through New Subsidiary
Tokyo, June 26, 2008: Nissan Motor Co., Ltd. and Nissan Financial Services, Co., Ltd. (NFS), a wholly-owned subsidiary of Nissan, today announced the decision to separate its car rental business division – Nissan Rent-a-Car - currently under NFS and integrate it under Nissan Network Holdings Co., Ltd.,* by December 2008. ... More...
Tech Mahindra Signs a Multi-Million Dollar Dealwith Telecom Fiji Limited
Mumbai, June 25, 2008: Tech Mahindra, country’s 6th largest software exporter, today announced a multi-million dollar deal with Telecom Fiji Limited (TFL), a fully owned subsidiary of the Amalgamated Telecom Holdings (ATH) Group of Companies. ATH is listed under the South Pacific Stock Exchange (SPSE). Under this agreement, Tech Mahindra will i... More...
Hyundai Motor India to subsidize Fuel Bills
New Delhi, June 24, 2008: Hyundai Motor India Ltd, India’s largest exporter and fastest growing auto manufacturer, in its first of its kind initiative, is offering a free fuel voucher worth Rs 2700, with every Santro and i10 purchased between June 20 and 30, 2008. The offer is expected to offset some of the additional cost of fuel that the cust... More...
Mahindra’s FirstChoice Wheels plans chain of 300 outlets Pan-India
Mumbai, June 24, 2008: Mahindra & Mahindra (M&M), India’s leading automotive major and a diversified global multi-national, today announced that FirstChoice Wheels (the country’s largest chain of multi-brand pre-owned cars), has raised Rs. 80 crore through a private placement and rights issue to unlock value and fuel growth. The f... More...
