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Auto market to face lower demand due to Rate hike
The auto world is about to face the second tough condition after the hike in input cost. The auto loan rates will be hiked up in the Indian auto market by various financing companies. The condition is
Ssanyong Motor company appoints Dr Pawan Goenka as Chairman
Dr Pawan Goenka, President, Automotive & Farm Equipment Sectors, Mahindra & Mahindra Ltd. (M&M) has been appointed as the Chairman of Ssangyong Motor Company (SYMC) at a meeting of the newly appointed
BMW, VW to bring back foreign nationals from Japan
The world is shaken with the tragic disaster in Japan, the situation is getting worse instead of getting better. It will take Japan a couple of years to grapple through this tragedy. The tragic incide
Hybrid car production to be affected
The entire world is taken aback with the Japan tragedy, the after effects of the earthquake and tsunami can be seen across the globe. The Japanese auto giants have already closed their factories, the
Audi, BMW and Mercedes to be affected by CKD duty
The auto industry was abuzz with the confusion regarding the completely knocked down kits, the government has gradually given its verdict concerning the CKD kits. The Finance Minister made it clear th
Toyota, Nissan to resume production in Japan
After the devastating earthquake and Tsunami struck Japan, the Japanese auto biggies were shattered. But it seems the auto giants like Toyota, Nissan and Mitsubishi are contemplating on reopening some
Visteon and 3M Showcase Innovative Car Technologies Designed for Consumers in India
Visteon Corporation (NYSE: VC) and 3M (NYSE:MMM) recently introduced to the Indian market an approach to integrating advanced features and innovations for cars, designed to meet the preferences of dri
CCI To Start Investigation On Volkswagen, Honda And Hyundai
Three dazzling names in the world of automobiles Hyundai, Honda and Volkswagen are going through some embarrassing moments as the competition watchdog CCI has bought these three names under the scanni
Japan Based Carmakers Close Tsunami Hit Plants
Recently the world was left stunned with the devastating earthquake in Japan which resulted in a tsunami then. The country is badly affected with the natural calamity and many regions have been destro
Japanese automobiles import to halt after tsunami
One of the biggest and most devastating earthquake resulting in tsunami has put a hold on all the activities from Japanese economy. The country is standing on a standstill position and nowhere can thi
Indian Passenger car segment to reach 48.5 lakh sales by 2016
The Indian automobile market achieved a record breaking hight in the last year. The industry faced a tremendous growth in year 2010 which resulted in multiple launches from manufacturers of different
SIAM disappointed with the new CKD hikes
The new established rules by the Indian government for Completely Knocked Down (CKD) cars has become has upset every luxury car make. The increasing taxes in the Budget 2011-12 will result in increasi
Auto Industry’s Monthly Growth Lower than 2010-11 Cumulative Growth
The cumulative sales data for April-February 2011 shows domestic sales growth of 26.92 percent over same period last year. In February 2011 as compared to February 2010, domestic sales grew at 21.32 p
Car sales increased by 22.6 per cent in February
Indian auto market is the fastest growing industry globally, last year it clocked a growth of more than 30 per cent. For February 2011, the car sales raised by 22.6 per cent as revealed by a close sou
Kia Motors rules out decision to operate in India
At the time when car manufacturers from all round the globe are turning towards the Indian auto market owing to the exponential growth factor prevailing here, Kia Motors which is Korea’s second larges
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