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Auto Industry Growth Slows Down in January 2011
If the April to January 2011 combined production figures are considered, a straight jump of 28.86% is observed as compared to that of same period last year but on the other hand if the cumulative prod
South India to become prime location for auto components manufacturing
South India has been declared a hub for the auto parts in India by a group of panelists in a seminar yesterday. It is growing at the pace of the Japanese auto firms and is aiming at low cost centres f
ARAI specialized labs to target Euro 5/6 technology development
With a view to meet the future needs and demand to prevail in the automobile industry, ARAI (Automotive Research Association of India) has announced an investment of Rs 250-crore in order to enhance t
Renault-Mahindra divorce on final stage
Indian manufacturer, Mahindra & Mahindra will no more hold the Renault cars in its outlets as per the divorce terms decided a year back. Renault has finally decided to operate in the world's second la
Suzuki Motors Witness 31 per cent hike in the net profit
Japanese automobile company Suzuki Motors witnessed a 31 per cent hike in the net profit in the third Quarter. Its Indian subsidiary Maruti Suzuki India Ltd has contributed majorly towards the net pro
Auto mobiles are eying on the budget '11
Indian auto market has shown expectational growth which has marked a new chapter for itself in the Indian economy. The demand for the auto mobile surged so much that component suppliers were falling s
Amaron Karting Challenge Season 3 waves the chequered flag
India’s biggest Karting Challenge, Amaron Karting Challenge Season 3, which was initiated Nov 20, 2010 on Sunday marked an end on the MECO's Ministry of Speed, Rajiv Gandhi International Airport, Sams
Indian auto sector might become fourth largest globally by 2015
The Indian automobile industry to become the fourth biggest auto industry globally by 2015. Booze & company, the consultancy firm who conducted the research also added that it will overtake the Europe
IAC plans to go public, issue IPO
If the rumours are to be believed it is being speculated that, International Automotive Components Group (IAC), may go public in an IPO. The company was organized from the remnants of companies like L
Apollo tyres join hands with Knit-Fit car service centers in Netherlands
The largest tyre manufacturer in India has joined hands with Knit-Fit to sell their tyres through their 180 kwit-Fit car centres scattered in The Netherlands. Kwik-Fit will sell the entire summer and
Car loans to increase by 13 per cent
Auto market is one of the fastest growing industry in India. The auto industry will now witness a hike in the interest rates of the car loan. This hike has been implemented effective February 3, 2011.
PSA Peugeot Citroen to reveal its plans in India
PSA Peugeot Citroen, is taking a final call on the European auto mobile plans for India. It is being learnt that the top officials from the auto firm is in conversation with the state government regar
Motherson Sumi registers increase in net profit by 43 per cent in net profit in Q3
After gaining 43 percent increase in the net profit for the third quarter Auto parts maker Motherson has plans to expand the capacity. There are plans to set up units in Brazil, Thailand and South Afr
India Automotive Market to surpass that of Europe and to become the 4th largest globally by 2015
One of the leading management consultancies in the world Booz & Co. conducted a research on the automotive industry. According to the study, India will stand at the 4th position in the global market b
What is tempting OEM's to enter the used car market
The sudden change in the Lifestyle of the middle class and increasing urbanisation, has resulted in a drastic change in the consumer behaviour. In the past where people were mostly confined to two whe
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