Just when petrol consumers have started to breathe a sigh of relief, the Oil Manufacturing Companies might come back with Re 0.50 – 0.60 rise in the petrol price. The price hike is more likely to happen on Friday that is today from midnight. This is beacuse the OMCs failed to impress the Oil Ministry to agree with them until yesterday, when the hike was most expected. Though it needs a nod of approval from government to pass on the losses of the OMCs to the consumers, the depreciating rupee has been a major cause of concern to take this step. It is the falling rupee value which is once again the culprit that slid further yesterday afternoon to 54.20 from 53.75 yesterday morning recording 18% drop in the three months.
NDTV will present the seventh edition of the ‘NDTV Car & Bike Awards’ at the Buddh International Circuit, which played host to India’s first Formula One Race, on December 16 2011. The awards will honour the year’s best cars, bikes and the people behind them in the country’s vibrant automobile sector. Conceived in 2006, the NDTV Car & Bike Awards have emerged as the most credible automobile industry awards that have created a niche for themselves in the automobile industry, and with automobile lovers. The NDTV Car & Bike Awards 2012 will once again give a chance to viewers to vote for their favourite car and bike nominees and also stand a chance to ride the year’s hottest wheels home
The most diversified auto manufacturer of the country, Mahindra and Mahindra is planning to bring back the Jeep, after at least a decade of its launch. The term Jeep invokes several interesting images in our mind, including an adventurous world full of tough terrain and big mountains. The idea of bringing back of a Jeep will be a real pleasure for those who love adventure and thrill in driving. The company is in the final stage of its plan of bringing back the Jeep. The announcement for the same is likely to be done by the end of this year. This new model of Jeep by M&M will incorporate a soft-roof.