Auto Sector
Hyundai August Sales Jump 17.2%
Submitted by Manish Sood on Thu, 09/02/2010 - 08:51
India's second biggest car maker, Hyundai Motor India Limited (HMIL), has recorded an increase of 17.2% in its monthly sales during the last month (August 2010) as against the corresponding period of last year.
Company's total sales during the month under review remained at 50,636 units as compared to 49,521 units in the like period of 2009.
Nissan Motor Sells 1,249 Cars During August
Submitted by Gurpreet Singh on Thu, 09/02/2010 - 03:36
Nissan Motor India has 1,249 cars during the last month, which was up from 22 units sold in August 2009.
Nissan Motor's novel small car Micra made the most of last month's sales (1,182 sales), whereas other models such as Teana, X-trail and 370Z stood at 21, 44 and 2 respectively.
Mercedes Benz Records Highest-Ever Monthly Sales
Submitted by Gurpreet Singh on Tue, 08/03/2010 - 04:38
Mercedes-Benz has recorded its peak monthly sales in July this year (2010).
The company declared July as its 'largest-ever-month' of sales during its 15-year long history in the Indian market.
Luxury car manufacturer sold around 521 units during the last month recorded an increase of 80%as compared to the same period of last year.
Bajaj Motorcycle July Sales Grow 66%
Submitted by Gurpreet Singh on Mon, 08/02/2010 - 07:35
Bajaj Auto recorded an increase of 66%in its motorcycle sales to 2,79,781 units during the last month (July 2010).
India's second biggest two-wheeler maker had sold 1,68,163 units during July 2009.
In July 2010, Bajaj Auto exports increased by 56%to 1,06,794 units as against 68,585 units in July last year (2009).
Maruti Suzuki To Deal With Oil Leakage Troubles In Alto
Submitted by Gurpreet Singh on Thu, 07/29/2010 - 09:33
Maruti Suzuki is ready to mend the oil leakage troubles in the engines of its 6,000 Alto cars that were made in April 2010.
The oil leakage problem leads to starting troubles.
Around 800 sales network centres and approximately 2,740 service workshops will be hired to settle the problems.
Maruti Net Profit Falls Short of Estimates; Shares Drop 10%
Submitted by Gurpreet Singh on Mon, 07/26/2010 - 08:37
Shares of the country's largest auto maker Maruti Suzuki have declined over 10 per cent after it registered a drop of 20% in its quarterly income.
Shares dropped to Rs 1,218 ($26; £17) as against their last closure at Rs 1,358 on Friday.
Fiat Rolls Out New Punto In Kerala
Submitted by Gurpreet Singh on Sat, 07/24/2010 - 06:57
Fiat India has launched 'Fiat Grande Punto 90HP MULTIJET', its newest offering in the premium hatchback section, in Kerala.
While talking to media persons after introducing the car in Kerala, Mr. Ravi Bhatia, Fiat India Commercial Vice-President, stated that the novel car, tipped to be the country's most potent diesel hatchback, was built up with a multi-jet engine catered by a variable geometry turbocharger.
Bajaj Auto Q1 Net Profit Doubles
Submitted by Gurpreet Singh on Fri, 07/23/2010 - 05:46
India's second biggest two and three wheeler company Bajaj Auto recorded a 100% growth in its net profit, which stood at Rs 590 crore during the three month period ended June 2010 as compared to Rs 293 crore during the same period of 2009-10.
For the first quarter of this fiscal, the total income of auto maker grew by 66.35% to Rs 3,890.06 crore as compared to Rs 2,338.47 crore in the corresponding period of last year.
Nissan Rolls Out Micra @ Rs 3.9 Lakh
Submitted by Manish Sood on Thu, 07/15/2010 - 04:39
Japanese car manufacturer Nissan has made announcement about the commercial launch of its much-awaited car Micra, the company's first locally-made car and its first in the mass section.
The company said that the delivery of its newly launched car 'Micra' will start from Thursday at a starting cost worth Rs 3.98 lakh, ex-showroom Delhi.
Maruti Suzuki temporarily closes SX4 production
Submitted by Gurpreet Singh on Mon, 09/28/2009 - 07:40Maruti Suzuki India (MSI), the country’s largest car maker, has temporarily stopped the production of its mid-sized sedan SX4.
MSI’s sedan SX4 failed to attract customers although it cost less than Honda City, who is presently the market leader. As per the statement issued by the company official, MSI will revise SX$ engine with a new Bharat Stage-IV engine, and also bring some change in the looks by the next few weeks.
