• Sebi to probe whether Maruti deal broke law

    Market regulator Sebi has so far not found any violations of law by the Maruti Suzuki management on its decision to hand over the proposed Gujarat plant to parent Suzuki but will examine the issues, source said.

  • Suzuki to get tax opinion on Gujarat plant

    Suzuki Motor Corporation, the Japanese parent of Maruti Suzuki, is expected to seek an opinion from the Authority of Advance Rulings (AAR) to get clarity on tax implications related to the contentious plant in Gujarat as part of the settlement formula worked out by the Indian company?s board on Saturday.

  • Mahindra Two Wheelers to open 500 sales and service outlets in South India

    Mahindra Two wheelers, part of the US $ 16.7 billion Mahindra Group yesterday open its 31st dealership in Tamil Nadu and plans to open 500 sales and service points in the southern region.

  • Bentley to spruce up production of W12 engines

    Bentley will going to stop the current production of its W12 engine in Germany as the production of the W12 engine will be permanently shifted from Germany to Bentley headquarter located in Crewe in England. Bentley expected to become the new Centre for Excellence for the technology within the VW Group.

  • Hero to export two wheelers to 20 new markets by March end

    To cater Latin American market, company is preparing to set up a manufacturing unit in Colombia, within first three months of year joint venture agreement will be done.

  • Honda Motorcycle to roll out CB Shine from Karnataka facility

    Honda Motorcycle & Scooter India (HMSI) the Two Wheeler manufacturer is going to restore its Karnataka plant and it is planned that to manufacture its 125-cc motorcycle CB Shine which is in peak demand in market, currently CB Shine is manufacturing at Tapukara plant in Rajasthan.

  • Mahindras Auto Sector sells 39611 units during December 2013

    At Mahindra we continue to focus on customer centricity and do hope that the New Year will bring in the much needed cheer for the Auto Sector?.

  • Hyundai India domestic sales hiked 6.2 percent in December 2013

    The domestic sales Of Hyundai India computed for 28,345 units with increase of 6.2 per cent. The company sold 26,697 units in same month 2013. In the export market, the company sold 20,274 units which is less to 21,136 units in the corresponding month last year, recording a decline of 1.9 per cent.

  • Toyota Kirloskar sales 12.21 percent decline in December 2013

    Toyota Kirloskar Motor (TKM) reported 12.21 % decline in its sale of December 2013.Company has sold 12,622 units in December 2013 comparatively 14,978 units were sold in December 2012.

  • Maruti Suzuki Sales in December 2013

    Car market leader Maruti Suzuki India Limited sold a total of 90,924 units in December 2013. This includes 4,311 units for export. The Company had sold a total of 95,145 units in December 2012. Domestic Sales during December 2013 was 86,613 (v/s 82,073 in December 2012)