June 2010 Auto News

M&M appeals against Global Vehicles' law suit over truck delay

M&M appeals against Global Vehicles' law suit over truck delay


30 June,2010 Indian automobile major Mahindra and Mahindra has said that it has filed an appeal against the lawsuit by the Atlanta based distributor Global Vehicles for delaying its pick-up .....

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Tata Motors Ties up with IndusInd Bank for Dealer Finance

Tata Motors Ties up with IndusInd Bank for Dealer Finance


30 June,2010 The country’s largest auto maker Tata Motors has said that it has entered into an agreement with private sector lender IndusInd Bank for financing its dealers. The .....

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Toyota Kirloskar Motor's June 2010 Sales Grow by 42 Per Cent

Toyota Kirloskar Motor's June 2010 Sales Grow by 42 Per Cent


30 June,2010 Toyota Kirloskar Motor TKM has registered a growth of 42 per cent in sales in June 2010 compared to the corresponding period last year. It sold 6180 units in June 2010 against .....

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Tata Motors To Raise Rs 4,700 Crore to Reduce Debt

Tata Motors To Raise Rs 4,700 Crore to Reduce Debt


29 June,2010 India’s largest maker of trucks Tata Motors is planning to raise a sum of Rs 4700 crore through a combination of equity convertible bonds debentures and warrants to .....

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Toyota Starts Production of Europe's First Hybrid Car

Toyota Starts Production of Europe's First Hybrid Car


29 June,2010 Toyota launched production of Europe’s first full hybrid vehicle on Monday at its car factory in Burnaston central England. The first European-made hybrid version of .....

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GM, Chinese Ally Start Work on Nano Rival

GM, Chinese Ally Start Work on Nano Rival


28 June,2010 GM India has begun research & development for a car smaller than the Spark in India. GM plans to use its partner SAIC Motor Corp’s expertise in low-cost manufacturing to .....

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India's Auto Export May Grow 15 Per Cent This Fiscal

India's Auto Export May Grow 15 Per Cent This Fiscal


28 June,2010 The government has said that India’s total vehicle export is likely to increase by up to 15 per cent in the current fiscal as demand from Europe is expected to rise. .....

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Tata Motors and JLR Plan A Car For Emerging Markets

Tata Motors and JLR Plan A Car For Emerging Markets


28 June,2010 Tata Motors and Jaguar Land Rover JLR are working on developing a concept car that would be focused at emerging markets like India. The car is still in the development stage .....

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Mahindra To Invest Rs 250 Crore In Aerospace

Mahindra To Invest Rs 250 Crore In Aerospace


27 June,2010 Anand Mahindra Managing Director Mahindra & Mahindra has announced that the company plans to invest Rs 250 crore 54 million into the aerospace business. While the .....

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Tata Motors to Set up Assembly Unit in South Africa

Tata Motors to Set up Assembly Unit in South Africa


27 June,2010 Tata Motors is looking at setting up an assembly unit in South Africa for medium and small trucks by the end of this financial year to boost sales in African markets such as .....

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Ford Motor Will Invest $450 Million in New Thai Plant

Ford Motor Will Invest $450 Million in New Thai Plant


24 June,2010 Ford Motor has announced the allotment of 450 million for its upcoming manufacturing plant in Thailand. Bulk of the production will be utilised for export markets in the Asia .....

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Tata Motors Set to Mop up Rs 2,500 Crore to Trim Debt Pile

Tata Motors Set to Mop up Rs 2,500 Crore to Trim Debt Pile


24 June,2010 Tata Motors will consider ways of raising equity or foreign currency convertible bonds FCCBs on Monday as India’s largest truck and bus maker steps up efforts to cut debt .....

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Hyundai May Unveil Rival to Maruti's Alto at 2012 Auto Expo

Hyundai May Unveil Rival to Maruti's Alto at 2012 Auto Expo


23 June,2010 Hyundai is likely to unveil a small car that will compete with Maruti Suzuki’s Alto the biggest selling car model in India at the next Auto Expo to be held in New Delhi .....

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Maruti To Open Stockyards Across the Country

Maruti To Open Stockyards Across the Country


23 June,2010 India’s largest car manufacturer Maruti Suzuki is planning to build vehicle stockyards across the nation to reduce waiting period for its best selling models including .....

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GM Extends Cashless Ownership Offer to All Models

GM Extends Cashless Ownership Offer to All Models


22 June,2010 General Motors India has extended its successful ‘cashless ownership’ offer to all its models including the latest small car from the Chevy stable the Beat to .....

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Hyundai Verna Transform Launched at Rs 6.56 Lakh

Hyundai Verna Transform Launched at Rs 6.56 Lakh


22 June,2010 The country’s second largest car maker Hyundai Motor India on Wednesday launched an advanced version of its mid-sized sedan Verna priced between Rs 6.56 lakh and Rs 9.22 .....

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Tata Motors steady; regards world truck sales

Tata Motors steady; regards world truck sales


22 June,2010 Tata Motors is going consistent on marketing its highly powerful world truck developed with south Korean subsidiary Tata Daewoo. “We are doing concept marketing. We .....

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Hindustan Motors Shares Surge on Stake Sale Report

Hindustan Motors Shares Surge on Stake Sale Report


21 June,2010 Shares in Indian car maker Hindustan Motors Ltd jumped as much as 20 per cent on Monday after a television channel reported three foreign auto makers were in talks to buy a .....

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GM to up prices by 3%, other carmakers may follow

GM to up prices by 3%, other carmakers may follow


20 June,2010 Carmaker General Motors India has said it will raise prices of its models by 2-3 per cent from next month due to rising input cost. “We will be increasing prices .....

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Vroom! Toyota’s Compact Car to Hit Roads Early Next Year

Vroom! Toyota’s Compact Car to Hit Roads Early Next Year


20 June,2010 Toyota’s compact car Etios would hit the market early 2011 a senior company official said. “Etios which is now a concept car will be marketed from early 2011” .....

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Ford India Keen on Making Products with High Local Content

Ford India Keen on Making Products with High Local Content


17 June,2010 A top company official has said that Ford India is keen on making its products with high local content. The wholly-owned subsidiary of the U.S. car major Ford currently .....

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Land Rover to Launch Two New Versions of Range Rover by September

Land Rover to Launch Two New Versions of Range Rover by September


17 June,2010 Tata Group firm Land Rover has said that it will launch two advanced diesel versions of its SUV Range Rover in the UK by September this year. The new range of SUVs 2011 Range .....

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Lawsuit May Affect Mahindra Pick-up's Fate in US

Lawsuit May Affect Mahindra Pick-up's Fate in US


17 June,2010 Mahindra & Mahindra has landed itself in legal soup even before its Pick-up trucks could enter the US market. Global Vehicles has filed a lawsuit against M&M .....

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American Distributor Sues M&M

American Distributor Sues M&M


16 June,2010 Atlanta based company Global Vehicles is suing Indian automaker Mahindra and Mahindra for delayed launch of its pick-up truck. The American company which signed an .....

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Maruti Joins Green Drive, to Roll out CNG Variants Soon

Maruti Joins Green Drive, to Roll out CNG Variants Soon


16 June,2010 Alto WagonR and SX4 will be some of the top-selling Maruti Suzuki models to sport a CNG engine this year as India’s largest car maker looks at alternate fuel technology .....

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