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1 days ago
May 23, 2012

Automakers in India to cut costs through localized production

With the depreciation of the Indian rupee, automobile manufacturers in India are faced with higher import costs on auto parts and are thus implementing higher localization in their car production with the objective of cutting costs and offset unfavorable foreign exchange fluctuations. Car exports are also being used as a bailout from financial...
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3 days ago
May 21, 2012

Fiat India launches limited edition Punto Sport

Fiat India has launch a limited edition of its Punto hatchback named as the Punto Sport at a price of Rs 7,58,766 (Ex-showroom Mumbai). The car is powered by the 1.3 liter multi-jet diesel engine which offers 93PS of power and 208Nm of torque. Available in the colors red, white and black, the new Sports variant features a sports strip along the...
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4 days ago
May 20, 2012

Fiat India to open 80-100 dealerships by 2013-14

Italian automobile manufacturer Fiat’s Indian subsidiary Fiat India has announced its expansion plans in the Indian car market after ending the distribution and sales agreement with Tata Motors. The company expects to open 80-100 exclusive dealerships across the country by 2013-14 in order to boost sales and expand presence in the market. The...
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6 days ago
May 18, 2012

Nissan-Renault alliance to double output by 2015-16

The joint venture between the French automaker Renault and Japanese car manufacturer Nissan, Renault Nissan Automotive India Private Limited is planning to expand its operations in India and double its output to 8,00,000 cars at its Chennai production facility by 2015-16. According to Mr. Takayuki Ishida Managing Director Nissan India, the...
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6 days ago
May 18, 2012

Mercedes-Benz India to open showroom in Patna Bihar

German luxury automobile manufacturer Mercedes-Benz has announced its decision to open shop in Patna, the capital city of Bihar to cater to the potential clients in the region. According to Ms. Ghazal Javed Corporate Communications Manager Mercedes-Benz, the showroom in Patna will be ready by the end of the year 2012 and will house its luxury car...
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7 days ago
May 17, 2012

Volkswagen India holds Rs 2,000 crore investment on hold

In response to the unresolved issue of the VAT refund issue in the state of Maharashtra (India), Volkswagen India has suspended the proposed investment of Rs 2,000 crore in India. According to Mr. John Chacko Volkswagen Group Chief Representative India, the company has put its big plans for India on hold while the usual investment for operations...
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7 days ago
May 17, 2012

Premier Limited signs agreement with Fiat for 1.3 liter diesel engine

Indian automaker Premier Limited has signed an agreement with the Italian car major Fiat to source from it 28,000 BS-IV 1.3 liter multi-jet diesel engines for its compact SUV Rio over the period of three years from 2012 to 2015. The engines are in the process of calibration at Fiat’s Ranjangaon facility. The engine deliveries will commence by...
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7 days ago
May 17, 2012

Gujarat to house India's largest auto parts hub

The state of Gujarat with the intention of becoming the largest automobile hub in India has already roped in various automakers to set up camp in the state. Focusing on the auto part suppliers, the state now plans to set up India’s biggest auto components hub across an allotted land area of 1,100 acres. The main aim of setting up the hub is to...
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8 days ago
May 16, 2012

Renault India to commence new entry car project

Renault India, the French automobile manufacturer has plans to start a new entry car project in India. With a price tag of about Rs 3,00,000, the new small car to be launched is expected by the company to be a volume driver and a key growth factor in the Indian auto market. The project includes study of the car models planned for a launch in...
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9 days ago
May 15, 2012

Honda India launches DreamYuga, plans to double its motorbike share by 2020

Japanese automaker Honda Motor Company is targeting to double its share of motorcycles sales in the Indian two-wheeler market. The company is banking on competitive strategy and low cost products to boost sales and grab a larger piece of the Indian two-wheeler industry. In line with its strategy, the company has launched the low cost 110 cc...
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