We need more buses, not Nanos: Union Minister

What India needs are more buses and better public transport and not more cars, said Union Minister of State for Road Transport, Highways & Shipping, Mansukh L Mandaviya. Tata Motors introduced its Nano car within a price bracket of Rs 1.5 lakhs-2 lakhs for middle class buyers. But low-cost cars merely add to the traffic congestion, Mandaviya said at an ASSOCHAM event held in New Delhi today. “We need to promote research and innovation for devising a sustainable urban road transport model that is suitable for India and should not…

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WATCH LIVE: Bajaj to unveil Dominar brand of premium motorcycles

Bajaj has opened a facility for its fans to watch the unveiling of Dominar, it’s new sub-brand of motorcycles that will sit above the Pulsar range. The first Dominar 400, the first of the line-up, will  be launched tomorrow (Thursday) at 12 PM and you can watch the unveiling below. The first motorcycle carrying the brand was rolled out from Bajaj Auto’s Chakan Plant on 18th November. Dominar is a derivation from a Spanish word which means “to excel or exceed in power”. The new line-up will be its “biggest…

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Bajaj Auto to unveil its high-end brand ‘Dominar’ on Dec 15

Bajaj Auto said it will shortly add yet another sub-brand to its line-up of motorcycles in India. The Dominar will sit above the Pulsar, currently Bajaj’s top in-house brand and will be introduced on Dec 15. The first motorcycle carrying the brand rolled out from Bajaj Auto’s Chakan Plant on 18th November, the company said. The Pulsar, however, has been showing its age in the face of increasing competition from high-end models from Yamaha, Suzuki, Royal Enfield and Bajaj’s associate firm KTM. Dominar is a derivation from a Spanish word…

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Mahindra opens spare parts warehouse in Mahindra World City, Jaipur

Mahindra & Mahindra Ltd said it opened a spare parts warehouse in Mahindra World City, Jaipur. “It is one of the largest warehouses in the country and the company’s first in northern India, it will cater to the requirement of Mahindra customers in north and north western region of the country for both automotive and tractor spare parts”, said the company. “The spare parts warehouse is in over an 11 acre plot with an additional 5 acres for future expansion and it aims to significantly reduce the order processing time…

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Apollo Tyres to invest Rs 525 cr in Andhra Pradesh

Apollo Tyres today signed an agreement with the Andhra Pradesh government to set up a manufacturing facility in the state. “As per the Memorandum of Understanding, the company will invest approx. Rs 525 cr for setting up this facility in Andhra Pradesh bordering the south-eastern coast of India,” said the company. The proposed manufacturing facility will become the 5th plant for Apollo Tyres in India. It has two plants in Kerala and one plant each in the states of Tamil Nadu and Gujarat. The company has international manufacturing presence with…

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SML Isuzu launches new buses for corporate, tour category

Commercial vehicle manufacturer SML Isuzu Ltd. said it launched two new passenger vehicles — Executive Lx coach and Ecomax Bus — to its commercial passenger vehicles category today. The Executive Lx Coach will seat 18 passengers plus two and has pushback reclining seats. It is designed for the tours & travel operators and staff shuttle operations. The bus offers on-board entertainment system, individual AC tours & louvers, reading lamps, mobile charging points, etc, the company said. The second model, Ecomax bus, is designed and built on a small wheelbase of 281.,5…

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Jaguar Land Rover sales up 11% in October

Tata Motors’ subsidiary Jaguar Land Rover reported its best-ever October retail sales of 46,325 vehicles, up 11% compared to October 2015. “The month’s performance has been driven by strong sales of the Land Rover Discovery Sport, Range Rover Evoque, Jaguar XF and the introduction of the Jaguar F-PACE, as well as strong year on year sales growth in China and Europe,” the company said. Jaguar Land Rover delivered strong sales growth across the majority of key regions for October year on year, with China up 39%, Europe up 25%, the…

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Maruti Suzuki sees strong demand for S-Cross, Vitara Brezza in October

Maruti Suzuki´s utility vehicle sales doubled in October, riding on the launch of new models like Vitara Brezza and S-Cross. The SUV (utility vehicle) sales increased 90.9 % to 18,008 vehicles in the month compared with last year. This is a continuation of the trends seen in recent months. So far in this financial year, the SUV segment — which includes Ertiga and Gypsy in addition to the two new models — has more than doubled its sales to 1.1 lakh from 46,068 last year. Much of the growth has…

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Mahindra & Mahindra launches “eSupro” electric vans at 8.5 lakhs

Mahindra & Mahindra said it launched its “eSupro” electric vans. There will be two models — cargo and passenger. The cargo vans are priced at Rs 8.45 lacs while the passenger variant is priced at Rs 8.75 (both Delhi ex-showroom price). The eSupro platform will cater primarily to the B2B segment and would be available across Mahindra dealerships pan India. Mahindra had acquired Chetan Maini’s REVA electric vehicle company, one of the pioneers of e-vehicles in India. The latest lauches mark a major step forward for the company’s push into…

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Maruti Suzuki sells 1 lakh Baleno in India

Maruti Suzuki,the country’s leading passenger vehicle maker, said its premium hatchback Baleno had crossed domestic sale of one lakh units. In addition to the domestic sales, 33,800 units of the car were exported across the world including countries like Japan and Europe, said the company. Baleno is also the first car to be exportd to Japan from the Indian company, the company further added. Launched in the month of October last year, Baleno is one of the top selling models for the company and a leading premium hatchback in India,…

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SKODA launches app with spare part prices, service charges for its cars

ŠKODA Auto India, a Volkwagen Group company said it has launched a mobile application for its customers. The App, named ‘MyŠKODA’, connects ŠKODA Owners with ŠKODA India’s digital ecosystem and provides access to the entire service history of their vehicle. It also lets the customers to know the cost of various parts and also estimate the cost of each service, said the company. The app will also host a number of other features including booking a service appointment, locating a dealer and connecting to ŠKODA ’s Customer Care team. It will facilitates…

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BMW Experience Tour hits Daman on 6-7 th October

BMW experience tour will be held in Union Territory of Daman on the 6th and 7th of this month. The venue will be Hotel Miramar Lawn Grounds in Devka Beach Road , added the company. Participants will be allowed to test drive and know more in detail about the BMW models, services and offerings, the company said. Various models from the company’s product portfolio will be put on display. BMW India had launched the second edition of the BMW Experience Tour in India earlier this year. The tour started from Kolkata. It was held in…

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Hero MotoCorp sets record in monthly two-wheeler sales in September

Hero MotoCorp Limited, the world’s largest two-wheeler manufacturer, said it clocked the highest ever two-wheelers sales in a single month as sales grew by 11% to 6.74 lakh units in September from 6.06 units last year. With this, Hero MotoCorp has sold 35.6 lakh units of two-wheelers between April to September this year, its highest ever sales in the first-half of any financial year, said the company. The growth momentum is backed by a series of positive factors the successful market launch of the Splendor iSmart 110, the ‘Glamour’ emerging…

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TVS Motors two-wheeler sales jump 30% in September

Two-wheeler manufacturer TVS Motor Company said its sales grew by 26% during the month of September. Total sales increased to 2.93 lakh compared with 2.32 lakh for the same month the previous year. Total two-wheeler sales increased by 30.1% to 2.87 lakhs from 2.21 lakh whereas domestic two wheeler sales grew by 33.6 % to 2.54 lakh from 1.90 lakh, the company added. Motorcycle sales grew by 35.9 % to 1.22 lakh units from 90,393 units whereas scooter sales grew by 12.7% to 84,850 units from 75,307 units. The company’s total exports fell…

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Steel Stripes Wheels sees 17% shipment growth in September

Steel Stripes Wheels Ltd said it achieved a 17% growth in total rim wheel sales in September from 12.08 lacs to 10.91 Lacs of last financial year. ´The tractor and passenger segment did extremely good and are expected to tread the same path in 3rd quarter of this financial year,´ said the company. Domestic Tractor segment volumes grew by 47%. It grew by the highest rate in this year. Despite higher numbers, turnover declined 13% to Rs 101.33 in September 2016 from Rs 117.13 cr last year due a fall…

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Tata Motors’ JLR credit rating upgraded by Moody’s

Tata Motors said Moody´s Investors Service has upgraded the credit rating of its unit Jaguar Land Rover Automotive Plc. by one notch. The company´s overall family corporate rating has been moved from Ba2 to Ba1. Outlook remains positive. The Jaguar Lannd Rover is Tata Motors British unit. The company had seen credit downgrades after the financial crisis of 2008-2009 hit demand for its vehicles. JLR makes high-end cars and SUVs whose demand is susceptible to economic sentiment. The company was also thrown into uncertainty when Britain voted to exit the…

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TVS launches free road-side assistance for two-wheeler customers

TVS Motor Company, one of India’s leading two-wheeler manufacturer, said it has rolled out a free ‘24/7 Road Side Assistance Program (RSA)’ for its two wheeler customers across 70 cities in the country. The service will be free of charge for all in-warranty vehicles, and will be extended to 200 cities by next month. The 24/7 helpline and personal assistance includes services such as spare key pick-up, fuel delivery, onsite repair cab arrangement, accident assistance and towing of vehicles which will ensure that the customers continue their journey without any…

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Mahindra & Mahindra raises Rs 475 cr via debentures

Automobile manufacturers Mahindra & Mahindra Ltd. said it raised Rs 475 crores via non-convertible debentures on private placement basis with a tenure of 10 years. The face value of the 7.57% debentures are Rs 10,00,000 each. Mahindra & Mahindra is an Indian multinational automobile manufacturing corporation based in Mumbai, Maharashtra. It is one of the largest vehicle manufacturers by production in India and the largest manufacturer of tractors across the world. It is a part of Mahindra Group, an Indian conglomerate.

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Maruti Suzuki exports cross 1.5 million cars

Maruti Suzuki India, the country’s leading passenger vehicle maker, said it has attained cumulative exports of 15 lakh (1.5 Million) from its vehicle exports to over 100 countries including Europe, Latin America and Africa. Early this year the Company’s premium hatchback Baleno manufactured exclusively in India became the first car to be exported from India to Japan. The Company started exports to Europe in 1987-88, when a small number of cars were sent to Hungary. Although exports business is inherently subject to economic and policy changes in the destination countries…

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BMW experience tour reaches Kancheepuram this weekend

BMW experience tour will be held this weekend in Kancheepuram district of Tamil Nadu from 23rd to 25th of this month. The venue will be Madras Motor Race Tack on NH4  in Mevalurkuppam, added the company. Participants will be allowed to test drive and know more in detail about the BMW models, services and offerings, the company said. Various models from the company’s product portfolio will be put on display. BMW India had launched the second edition of the BMW Experience Tour in India earlier this year. The tour started from Kolkata. It was held…

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