Toyota India launches new Innova, Fortuner

Facing increasing heat from the Honda Mobilio, Toyota Kirloskar Motor today announced the launch of the new Innova and the Fortuner 4X4 Automatic. Innova is without doubt India’s most popular ‘people mover’ and has dominated the Indian roads since its launch in 2005. However, the seven-seater is also considered extremely expensive, being priced about Rs […]

Bain Capital’s $245 mln exit of Hero MotoCorp largest in Q2

The exit by US fund Bain Capital from Indian motorcycle maker Hero MotoCorp was the biggest in the second quarter of 2014, a report by Pricewaterhouse Coopers said. Bain Capital sold Hero MotoCorp shares worth $245 mln (close to Rs 1,450 cr), making it one of the biggest private equity exits of the year, according […]

Tata Motors gets massive orders for Marcopolo buses under JNNURM

Tata Motors said it had received an order from KSRTC (Karnataka State Road Transport Corporation) to supply 487 Tata Marcopolo built buses and another for 780 to HRTC (Himachal Road Transport Corporation) as per “Urban Bus Specifications” under JNNURM – II scheme. These orders are part of the over 2700 orders for Tata Motors ‘URBAN’ […]