The export of passenger cars from India is expected to touch one million by 2010, a shade lower than the last financial year's total domestic sales of 1.3 million.
Buoyed by staggering sales of Tata's Ace, the one-tonne mini-truck launched mid-2005, Mahindra & Mahindra, Ashok Leyland Ltd, Bajaj Auto Ltd, Piaggio and Hyundai
As part of Ford Motor Company's crack research and development team, he helped the US car maker launch its popular hybrid car Excape.
Essar Oil is in the final stages of negotiations to raise $100 million (about Rs 407 crore) through external commercial borrowings for expansion and upgradation of its crude refinery in Khambalia, Gujarat.
In a bid to increase its sales from rural India, the country's largest car maker, Maruti Udyog Ltd, is offering over 2.1 million functionaries in panchayats (local self-governing bodies in villages) its cars at special discounts.
New car launches in the past six months have driven sales growth despite a hike in vehicle financing. In April, new launches accounted for 17 per cent of over all sales.
The new cars which have been launched in the last six months include the Zen Estilo from Maruti, Hyundai Getz diesel, Spark from General Motors, Logan from Mahindra Nissan and Fiat Palio Stile.
Analysts said Areva still has a window under German rules to scale up its offer.
According to the Society of Indian Automobile Manufacturers, significant growth is being witnessed in the multi-axle trucks segment, which has posted 112 per cent growth in the year 2006-07.
Even as Harley-Davidson Company, America's cult bikemaker, re-thinks its India strategy on account of the high import duty structure, its Japanese rivals are fast closing in on plans to launch their high-end luxury bikes in India.
The company has had a great 2006-07 but the competition could creep up on it this year
Likely to join hands with Delhi-based ICML to launch the car next year.
Maruti Udyog Ltd, India's largest car-maker, has lowered prices between Rs 3,000 and Rs 5,000 on its cars following a reduction in the concessional central state tax offered by the Haryana government.
The famed Harley Davidson's upper-end model will come for over Rs 20 lakh (Rs 2 million) in India, powered by a 1584 cc engine that will give around 16 km to a litre.
Dealers expect 10-15% fall in April sales; car makers look at lowering total cost of ownership for consumers.
Car companies have responded to the high interest rates on consumer loans by offering attractive packages to woo back customers.
SIAM expects the super-luxury bus market to grow five-fold in the next 3 years.
The two petrol models of the Logan are priced between Rs 428,000 and Rs 644,000, while its diesel model's price range is Rs 547,000 to Rs 651,000. The range overlaps the pricing of the premium hatchbacks as well as of mid-size cars.
Customers who still want to go in for a loan are opting either for longer maturity plans or making higher upfront payments to control their monthly outgo on loan repayments.
Vijay Mallya-promoted Kingfisher Airlines's international service, which is expected to start by January 2008, will be staffed entirely by foreign cabin crew.
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