According to sources, the products would be priced in the range of Rs 2.3-2.4 lakh in the European market. However, the Indian market price is yet to be determined.
The country's largest car producer -- Maruti Suzuki -- is caught in a cleft. There is growing demand for its cars, but it does not have sufficient production capacity to feed this demand. To top that, this capacity constraint is not likely to be lifted before 2012.
Manufacturing lines at various car producing facilities across the country started to roll out the new range of Bharat Stage-IV compliant vehicles in the 13 notified cities from April 1, according to the Union government guidelines on emission norms.
Tata Motors now eyes the US, European and African markets.
Tata-promoted Taj Hotels may decide to add the Nano to their line of chauffeur-driven cars used for guest transfers.
New units of the iconic Maruti 800, Ford Ikon (1.3 petrol), Fiat Palio, Skoda Fabia (1.2 petrol) and Octavia (1.9 TDI engine), and Chevrolet Tavera (2.5 DI) of General Motors will no longer be sold in the 13 notified cities from Thursday, which constitute 40-50 per cent of total car sales in the country.
The skyline is getting crowded by the day--not only in the big cities but across the country. India is expected to double the number of branded hotel rooms from 100,000 now in just three years. Leading the pack are global hotel chains, which will add over 300 hotel properties (an estimated 55,000 rooms) in the country by 2013.
Although the broad contours of the proposed agreement with Ashok Leyland to build a range of small cars is yet to be outlined, Nissan's intention is clear counter Volkwagen's plans with Suzuki to target the compact car segment.
Chennai-based Ashok Leyland Ltd, the second largest truck maker in India, has inaugurated an integrated manufacturing facility at Pantnagar, Uttarakhand. This unit, in which Rs 1,500 crore (Rs 15 billion) have been invested, is the company's seventh.
The devil is in the detail for the real estate sector. Though the Budget gave sops to home buyers in the form of tax savings and interest rate subvention, it quietly brought back service tax on lease rentals in the Finance Bill.
The IIMs were just recovering from the uproar over technical glitches during the CAT. Now, at least five students have filed applications under the right to information law.
Auto makers, who enjoyed a record-breaking sales run over recent months, are now bracing themselves for upheaval, led primarily by changing government policies and rising inflationary pressures.
Hyderabad-based Indian School of Business says it plans to provide graduates from other B-schools guidance and financial support for interesting entrepreneurial ideas as part of its strategy of finding and grooming entrepreneurs.
As the April 1, 2010 deadline nears for introducing Bharat Stage-IV emission-compliant vehicles, manufacturers are worried about the availability of the BS-III fuel.
Final placements at IIM-Ahmedabad start this Saturday, while IIM-Indore and IIM-Lucknow will begin the process next week. IIM-Bangalore (IIM-B) and IIM-Calcutta (IIM-C) will start their final placements from March 4.
The move comes after Renault's troubled five-year partnership with Mahindra & Mahindra failed to provide the French company with a platform to become a serious player in the country.
The company had got 100,000 bookings in the first phase.
Manufacturers that mainly sell diesel cars like Mahindra & Mahindra, Tata Motors, Toyota, Mercedes, BMW and Volkswagen anticipate a significant fall in sales if the government accepts the Parikh committee's recommendation of a flat tax of Rs 80,000 on diesel cars, because of a widening cost differential with petrol variants.
Manufacturers that mainly sell diesel cars like Mahindra & Mahindra, Tata Motors, Toyota, Mercedes, BMW and Volkswagen anticipate a significant fall in sales if the government accepts the Parikh committee's recommendation of a flat tax of Rs 80,000 on diesel cars, because of a widening cost differential with petrol variants.
The bad news is that the company has reported an output constraint at its plants because some component vendors were unable to keep pace with the faster production cycle.
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