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Car News

Monday, June 20, 2011

By Pranjal Gera

Ford Asia to launch a series of small cars in Indian and Chinese market

Ford Asia to launch a series of small cars in Indian and Chinese market

Ford Asia is all set to launch a number of smaller cars in the Indian and Chinese car market based on the trends of past few years where a great increase in the sales of smaller cars can be seen. Joe Hinrichs, Ford executive said that the decision of making smaller cars will reduce the profit.... [Read More]

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]

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]

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