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.
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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.
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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.
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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.
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Another offering from the Chevrolet stable, Chevrolet Cruze is projected to be launched globally and in India by the end of 2009.
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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.
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Tata Motors owned iconic British luxury car brands Jaguar and Land Rover have finally hit the Indian shores on June 28, 2009.
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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.
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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.
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Tata Motors is all geared up to launch their recently acquired iconic auto brands Jaguar and Land Rover in India on June 28.
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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.
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