German carmaker BMW AG has unveiled its longer, lighter version of its core 3-Series midsize car.
Luxury carmakers in India are moving downmarket broadening their target market to include India's young, female and middle-class.
To develop a series of motorcycles for the 250-500 cc segment
The recall affects 5- and 6-Series BMWs built between 2003 and 2010, BMW said in a statement.
Tata Motors has halved the volume outlook for its UK subsidiary Jaguar Land Rover Automotive (JLR) and warned of lower earnings as it sees the semiconductor shortage deepening in the September quarter of the current financial year, according to a notification issued by the company to the stock exchanges on Tuesday. The announcement caught investors unawares. They were hoping for a quicker recovery. Tata Motors' stock tanked 13 per cent (on July 6) from the day's high of Rs 358.10 and hit the lower circuit (Rs 311.45) in intra-day trades.
There are a whopping 10 sedans slated for a launch in India this year. Rajesh Karkera/Rediff.com gives the lowdown.