The country's second largest car maker Hyundai is scrambling to fill gaps in its portfolio of cars. It is expected to launch next year a compact SUV and also a multi-utility vehicle in 2015.
The cars are being designed at its centre in Namyang, Korea, and are expected to share the same platform, which will bring down costs and give economies of scale.
Honda Cars India on Tuesday launched new variants of its small car Brio with some upgrades, including driver seat height adjuster and rear windshield defogger, as an additional safety feature.
Both these features were found to be among the most desirable features in the Brio based on the customers' feedback, the company said.
Escorts Ltd, one of the oldest manufacturers of agriculture and infrastructure equipment, has said the company will focus on premium tractors. To start with, it plans to launch a premium tractor in 2015.read more
Code named IVR3, this would be one of its kind tractor, which the company says will be an agriculture-solution with a mix of software technology and machineries. This will be a heavy duty tractor with 55 brake horse-power and above.
Automotive major Mahindra & Mahindra Ltd is working on developing more models in the commercial vehicle segment by plugging gaps to suit certain specific requirements.read more
These could be in the area of cold storages, logistics and personal captive requirement of local businesses and some offered through customisation, according to Mahesh Kulkarni, Senior General Manager, Mahindra & Mahindra.
Faced with lower demand from automobile manufacturers, Exide Industries Ltd is now pinning its hopes on cost-cutting to improve margins. The country's largest lead-acid battery maker reported a mere three per cent growth in net profit to Rs 146 crore during January-March 2013 against the previous year quarter.read more
Toyota today said its full-year net profit more than tripled to USD 9.7 billion, with the world's largest automaker adding that it was on track for another soaring profit in the current fiscal year. The rosy annual profit underscores the recovery among Japan's major automakers after the 2011 quake-tsunami disaster devastated sales and production.read more
General Motors India today launched the Chevrolet Enjoy, its much-anticipated new-generation premium multi-purpose vehicle (MPV).read more
The Enjoy offers a spacious, stylish and comfortable ride. With Flexi-Smart Seven or Eight occupant seating variants, it addresses the growing need for a comfortable, spacious and stylish MPV for family travel and business use.
Mahindra Two Wheelers joins hands with 'Rajasthan Royals' in sixth edition of Pepsi Indian Premier League
Mahindra Two Wheelers Ltd (MTWL), a part of the USD 15.9 billion Mahindra Group, is an associate sponsor of the Rajasthan Royals cricket team for the 2013 edition of the Pepsi Indian Premier League.read more