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Monday, June 20, 2011

By Pranjal Gera

RBI raises interest rates on car loan- negative impact expected on Auto industry

RBI raises interest rates on car loan- negative impact expected on Auto industry

In a recent decision, the Reserve Bank of India raised its key interest rates by 25 basis points, a move that was not greeted by most of the auto companies. The Indian automobile market is already in a slow growing state due to the rising prices of petrol and now this move of RBI will further lower the sales. Mr. Pawan Goenka,.... [Read More]

Monday, June 20, 2011

By Pranjal Gera

Nissan Micra production hits one lakh mark in Chennai

Nissan Micra production hits one lakh mark in Chennai

Nissan Micra, a popular hatchback from the Japanese car maker Nissan was first launched in India in July last year. Since then, the company has sold around 15,000 units in India, and about 70,000 units have been shipped to.... [Read More]

Friday, June 17, 2011

By Pranjal Gera

Strike in Maruti extends to other automobile plants

Strike in Maruti extends to other automobile plants

The ongoing strike at Maruti Suzuki’s plant in the Manesar plant of Haryana does not seem to be coming to any elucidation. It has been 12 days since it is underway. The strike is swiftly spreading to other automobile plants, as their unions are deciding to go on a hunger strike on 17th June and halting the production of cars for two hours.... [Read More]

Friday, June 17, 2011

By Pranjal Gera

Government declines to rollback duty on assembled cars

Government declines to rollback duty on assembled cars

The Indian government has rejected the fresh appeal to take back the contrasting custom duty norms for the assembled cars. The European Union earlier raised the demand of duty rollback on cars assembled in India and last fortnight it was requested anew by German Chancellor Angela Merkel during her visit to India. According to Government.... [Read More]

Thursday, June 16, 2011

By Pranjal Gera

Maruti strike to intensify 2 hours halt at Manesar belt

Maruti strike to intensify 2 hours halt at Manesar belt

As the strike at the Maruti Suzuki’s Manesar plant entered its 11th day, the workers working in 65 different factories in the Gurgaon-Manesar belt halted the production for 2 hours in a tool-down strike this morning to show their support for the strike at Maruti’s Manesar plant. With a little change in the situation, the strike.... [Read More]

Thursday, June 16, 2011

By Pranjal Gera

Honda City cuts down its price by Rs 66,000

Honda City cuts down its price by Rs 66,000

In the past few months, the sales of Volkswagen Vento and Maruti Suzuki SX4 have shown a steady growth with their lower cost being the major factor in this sales trend. Thus Honda has decided to cut.... [Read More]

Thursday, June 16, 2011

By Pranjal Gera

The deal with Fiat needs to be checked, says Ratan Tata

The deal with Fiat needs to be checked, says Ratan Tata

Tata Group Chief Ratan Tata said that the deal between Fiat and Tata Motors needs to be re-planned to maximize its potential as it is not running as smoothly as anticipated. He also said that having a good personal relation with Sergio.... [Read More]

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