Mahindra & Mahindra Ltd is likely to maintain its market position in its core SUV and tractor markets despite the entry of new competitors, ratings company Crisil said. “Cost-efficient operations, development skills, broad product portfolio, and increased production capacity will enable the company to maintain its leading market position in the tractor, UV, and LCV […]
Jaguar Land Rover India launched the new Jaguar XF sedan in five variants starting from ₹ 49.50 lakh (ex-Delhi) in Mumbai. The new Jaguar XF is powered by the new Ingenium 2.0 l 4-cylinder turbocharged diesel engine that delivers a power output of 132 kWand is upto 20 kg lighter than equivalent previous generation engines. […]
Castrol India said its promoter Castrol Ltd sold 4.22 cr of its shares in the market through open sale today. Shares of Castrol India were up 9% at Rs 459.75 today. Castrol is a unit of UK-based BP Plc. With this, the promoter’s share in the company has come down from 59.4% to 50.9%. Back […]
Fiem Industries Ltd. said it raised Rs 120 crore by placing 12 lakh shares with qualified institutional buyers. The shares were priced at Rs 1002 each. Fiem manufacturers automotive lighting & signaling equipments and rear view mirrors. Most of its revenue comes from the two-wheeler segment of the vehicle industry. The company´s shares had closed […]
GE Transportation signed an $18m contract with Lloyd Electric & Engineering Limited,design, develop, manufacture & maintain air conditioning systems to supply custom designed air conditioning units for the Indian Railways Marhowra Locomotive project. The contract is to design, manufacture, test and supply air conditioning units to be manufactured in Lloyd’s factory in Bhiwadi, Rajasthan over […]
TVS Motor Company, one of India’s leading two wheeler manufacturers, launched new colour variants for its two brands of motorcycles TVS StaR City+ and TVS Sport in Bangalore today. The new colour variants TVS StaR City+ in Spotlight White colour & TVS Sport in Black Silver colour have been launched to mark the approaching festive […]
Tata Motors said its global wholesales rose 16% in August to 86,288 compared to August last year. Wholesales of all passenger vehicles rose by 25% to 56,104. Land Rover wholesales for the month were at 29,222 vehicles. Jaguar wholesales for the month were 13,038 vehicles. Cumulative wholesales for the fiscal were 4,32,192 nos., higher by […]
BMW experience tour will be held this weekend in Aurangabad district of Maharashtra on the 10th and 11th of this month. The venue will be Hotel Manor Kranti Chowk which is opposite Rani Lakshmi Bai Park, added the company. Participants will be allowed to test drive and know more in detail about the BMW models, services and offerings, the company […]
Tata Motors’ Jaguar Land Rover (JLR) reported its best ever August retail sales of 36,926 vehicles, up 26% compared to August 2015, said the company. The month’s performance has been driven by strong sales of the Land Rover Discovery Sport, the Jaguar F-PACE and XE, JLR added. JLR sold 3,72,978 vehicles in the first eight […]
Bosch, global supplier of technology and services, inaugurated the first phase of expansion of its development center at Adugodi in Bengaluru and will invest Rs 1,170 cr in 2016 in India, said the company. The company has invested around Rs 350 cr since it has revamped its oldest facility in India into a technology and […]
Hero MotoCorp (HMCL), one of the largest two wheeler manufacturer, reported two-wheeler sales growth of 28% for the month of August as compared to the same period previous year. The sales in month of August wasto 6,16,424 units compared with 4,80,537 units, said the company. This is the third time that the company has crossed […]
Maruti Suzuki, India’s largest passenger vehicle maker, launched its first Light Commercial Vehicle “Super Carry” at a price of Rs 4.03 lakhs in Ahmedabad. Maruti Suzuki Super Carry has a 793 cc diesel engine and delivers a mileage of 22.07 Km per litre and comes with a loading capacity of 740 kgs and a loading […]
Escorts, one of India’s agri-machinery manufacturing company, reported a growth of 55% in its tractor sales to 3,722 units for the month of August, said the company. Exports grew by 17% to 55 units for the August month whereas the domestic market saw a growth of 55.7% to 3,667 units, added the company. The tractor […]
Eicher Motors reported growth of 32% to 55,721 units from 41,360 units sales for its Royal Enfield motorcycles for the month of August. The below 350cc models saw an increase of 30% in sales whereas the above 350cc models saw the highest growth of 43%. Royal Enfield’s exports grew by 30% to 986 from 760 […]
Maruti Suzuki India Ltd reported a big jump of 12.2% in its August sales this year led by the strong performance in the domestic market. Totoal domestic market sales were up 12.3% to 1.2 lakhs, its strongest performance so far this year. Exports also grew briskly rising 10.8% to 12,280 units. The stars of the […]
Maruti Suzuki, one of India’s leading automobile manufacturers, launched the Swift Deca a limited edition model of its hatchback model Swift at a starting pirce of Rs 5.94 lakhs in India. The model comes in two variants Swift Deca Edition VXi and Swift Deca Edition VDi adn comes in two colours- bright red and pearl […]
BMW announced the dates of its experience tour to be held in Kolhapur district in Maharashtra on the 28th and 29th of this month. The venue will be Hotel Sayaji in old Pune-Bangalore Highway added the company. Participants will be allowed to test drive and know more in detail about the BMW models, services and […]
Tata Motors said consolidated profit before tax and exceptional items for the April-June quarter fell to ₹2,066 crores from ₹6,340 crores last year due to the adverse foreign exchange impact. The value of the British Pound fell drastically during the quarter due to the exit of the UK from the European Union. This had a […]
Minda Industries said that credit rating agency ICRA has upgraded the long term credit rating of the company by one notch from A+ to AA- and added that the outlook on the long-term rating was ‘Stable’. The short term rating of the company remains at A1+ added the company. ICRA has said that, the ratings […]
Renault launched the upgraded version of its entry-level hatchback KWID today at a price of Rs 3.95 lakh ex-showroom in Delhi. The price of the 1 liter variant is only Rs 22,000 above the 800CC model. KWID SCe will inly be available only in full option of RXT and RXT (Option). The 1000cc model will be […]
