Autoliv India has been presented with the Maruti Suzuki Overall Excellence Gold Award. This award was presented to Autoliv India for the successful launch of the first airbag project in India in Maruti Suzuki A-Star. The award was given in recognition of supplier excellence during the annual supplier conference.
Ford Motors is expected to launch a small car in India by the early 2010. The company has already started testing the trial product of its small car. There are assumptions that the small car will be localised around 85% from the beginning to the production phase.
The speculation is rife that the premium British brand Land Rover may be introduced in the Indian Armed Forces shortly. Other models of Land Rovers are already being used by most countries in their defence sector.
Maruti Suzuki Ritz which was launched just about a couple of months back already has the scales balanced with its stable mate Maruti Swift. Ritz has crossed the 8,000 units a month barrier in it May sales, slightly lower than the sales of Maruti Swift.
Michelin & Cie, the world's second largest tyre maker is planning to invest Rs 7,000 crore ($1.48 billion) over a 10 year period in India to make and market radials tyres and tubes.
Tata Motors, after a hiatus of eight years is likely to report a consolidated business loss. The business loss can be attributed to the poor performance by its UK subsidiary which owns iconic British brands like the Land Rover.
State Bank of India will be launching a new car loan scheme ‘SBI Ezee’ for financing new cars on July 1. As per this scheme, SBI will charge interest rates as low as 8 percent for the first years of the car loan repayment tenure.
Maruti Suzuki, India's leading car manufacturer has announced that it will stop working on its Liquefied Petroleum Gas (LPG) variants and would roll out the Compressed Natural Gas (CNG) variants of its entire portfolio by early 2010.
Few months back, Maruti Suzuki had announced to end the production of its most popular cars in India, the Maruti 800 and the Omni. But now the company is exploring options to upgrade it to meet the Bharat Stage-IV emission norms that will be effective from March 2010.
Italian car giant, Fiat, is planning to increase its market share sales in India by 2015. Fiat has sold more than 8,000 units in India last fiscal year and is now aiming high for a eight percent growth in the passenger car market in the Indian Automotive market space by 2012.
Audi India will increase its dealership network in the country over the next couple of years aimed at capturing 30 percent market share in the luxury car segment.
The world’s cheapest car, Tata Nano is going places. Nano will be launched in Nigeria within the next 18 months, even before it will be launched in Europe. The base model of the car will be available for NGN 360, same rate as it is available in India.
Skoda India introduced the New Laura to the Indian car market. The new version comes with strong and vibrant exterior styling and a luxurious cabin. It is available in three variants - Laurin and Klement, Elegance, and Ambiente.
Bimal Auto Agency launches the most awaited Maruti Suzuki Ritz at Bangalore yesterday (May 15th) at its Whitefield showroom. The new car was covered with red upholstery that was unveiled by the DGM of State Bank of India, Ms Satyavathy. The Ritz launch ceremony continued for about 45 minutes and all the visitors were offered sweets and soft drinks.
After the successful launch of Honda Jazz, Honda announced its plans of launching a small car in the Indian market. The company is planning to launch a small car in the next two or three years. There are also speculations that Honda has plans to launch the small car not only in India but also in Brazil, Thailand, and Europe.
Maruti Suzuki has announced to modify all its car models which will also include the Maruti 800 and the Omni to meet the Bharat Stage IV emission norms.
Tata Motors has completed the process of randomly selecting 1,00,000 applicants who would become the owners of Tata Nano in the first phase out of 2,06,703 applicants who had booked their Tata Nano from April 9th to April 25th.
Car manufacturers plan to request more benefits in the 2009 budget for Indian car industry to help maintain its sales performance. It is demanding the removal of specific duties on big cars, tax sops on vehicles for rural markets, and revival of the duty free credit scheme.
The Korean car manufacturer added another variant to its popular Accent model. Currently, the Accent Sedan is available in petrol, diesel, and CNG versions.
The Switzerland based Oetiker Group inaugurated its first manufacturing plant at Patalganga near Mumbai, on Monday. The inauguration was attended by Chief Executive Officer (CEO), Oetiker Group Mr. Ulrich Meier, country head Oetiker India Pvt. Ltd., Mr. Ashwani Keswani and Swizz council general Mr. Peter Specker.
India’s largest car manufacturer Maruti Suzuki expects the new government to continue support to the badly hit car industry.
Managing Director and CEO of Maruti Suzuki India, Mr. Shinzo Nakanishi said, "Last December the government cut excise duty and froze petrol prices, and also cut interest rates. Those steps helped the auto industry.”
The German car manufacturer is planning to introduce stop-start system in cars. This technology will be seen in the models like Audi A3 1.4 TFSI, A4 and A5 in 2-litre form by end of this year.
Maruti Suzuki India Limited has bagged the 'Golden Peacock Eco-Innovation Award' for adopting environment friendly technology in its products and processes. Indian car manufacturers are continuously lapping up various technology awards and car model awards in India.