Mercedes-Benz has launched its ninth-generation iconic sedan E-class, which has a number of technical innovations, in Mumbai.
The company has also exported over 3.8 lakh Alto cars to over 70 countries.
Bondholders would initially get a 10 per cent stake, along with warrants for 15 per cent. Citing people familiar with the matter, the newspaper said, 'Bondholders with slightly more than 50 per cent of GM's $27.2 billion in bond debt agreed to support the plan.' GM had offered the bondholders the opportunity to take a larger stake in the company after they had overwhelmingly rejected a previous exchange offer.
While home-grown firms like Tata and Mahindra have been actively participating in the government's e-mobility mission, by launching electrified versions of their existing models, the global firms believe electric is not the best solution for a country where the primary source of power generation is coal, and where infrastructure is a big impediment.
An Indian consortium has applied to buy BMW-Sauber, which is seeking new backers after German carmaker BMW said it was pulling out of Formula One at the end of the season, domestic media reported on Saturday. Reports said the deal is based around a 50 million euro investment and involved Swiss driver Neel Jani, who currently features in the A1 GP series and whose father is Indian.
Hyundai Motor India also plans to raise its sales in the overseas market this year.
The company said it would appoint a US law firm to conduct a full investigation
The Polo will be showcased at the Auto Expo in Delhi in January 2010.
Ferrari have bucked the global economic crisis squeezing Formula One by agreeing a sponsorship deal with carmaker Tata.
Fuji Heavy Industries, the maker of Subaru cars, said on Tuesday it would pull out of the world rally championship citing the global economic crisis. Subaru joins fellow Japanese automaker Suzuki Motor, which announced its exit a day earlier, and leaves no other Japanese automaker left in the race.
German carmaker BMW, which last week announced its exit from Formula One, has rejected an offer from team founder Peter Sauber to take over the team, Sauber said on Thursday. But BMW said they are still in talks to reach a deal with Sauber as well as other interested parties about the sale of BMW's 80 percent stake in the Formula One team.
At a time when global auto majors are struggling, carmakers in India have been able to expand their overseas presence with exports from the country registering whopping 57.04 per cent growth in the last fiscal.
The world's largest carmaker, Toyota on Wednesday said it will bring its sports utility vehicle Fortuner in India by September this year, expected to be priced at about Rs 20 lakh.
In the domestic market, the car has been well accepted and currently the company has over 80,000 bookings for the model.
Japanese auto major Nissan has roped in Bollywood actor John Abraham as brand ambassador for its standout models to be launched in India including sportscar GT-R and Hybrid SUV X-Trail.
Renault and M&M had planned to bring the seven-seater MPV through their JV under which the French company's mid-sized sedan 'Logan' is manufactured and sold in India. The MPV was displayed at the Auto Expo held earlier this year.
The A3 segment (Swift Dzire and SX4 sedans) sales grew by 36.5 per cent to 8,995 units in January 2010.
The country's largest carmaker Maruti Suzuki India on Tuesday reported 17.8 per cent increase in net profit at Rs 802.2 crore (Rs 8.02 billion) for the third quarter ended December 31, 2014
The three new variants include both diesel and petrol engines.
Key sectors of the Indian economy shed half a million jobs in the final three months of last year as the global slowdown took its toll on one of the world's fastest growing big economies.
Built on the same platform as the new Honda City, Honda Jazz is modern and pleasing. The styling is not really revolutionary, but its razor-sharp edges give it a very modern look.
The company will begin exporting Baleno early next year to over 100 global markets
GM shares, which were listed at the New York Stock Exchange on December 20, 1916, were worth close to about $100 a piece in 2000. The going-under of this iconic carmaker has been billed as a 'surgical bankruptcy' by the government for its revival into a new GM in the next two-three months, but the long-running restructuring exercise could not help avoid a loss of over $10 billion in the past one year for investors.
The cutback in production has been announced on top of three days' production halt this month and would impact most of Toyota's models made in Japan, excluding those outsourced to subcontractors, the report revealed. Further, sales of new vehicles in Japan slumped to the lowest level in three decades in 2008 as recession hit Asia's biggest economy, piling pressure on its auto giants, an industry group had said.
For all the disappointment that fans will feel, few could be more heartbroken that Honda Motor will leave the Formula One circuit than Takeo Fukui.
Honda's chief executive apologised to British driver Jenson Button after Japan's number two carmaker pulled the plug on its Formula One team on Friday. "It's a real shame and I feel deeply sorry for Jenson Button," the CEO of Honda Motor Co Takeo Fukui told a news conference. 'We had no choice in the current financial conditions.'
The company also recorded its highest-ever annual sales in 2008-09 at 792,167 units as against 764,842 units in the previous fiscal, a rise of 3.57 per cent. The previous highest annual sales were in 2007-08. '2008-09 marked Maruti Suzuki's silver jubilee year in India. Over these 25 years, the company sold over 70 lakh cars in the domestic market. Additionally, over 5 lakh cars have been exported the world over,' Maruti Suzuki India said in a statement.
Good pay hikes, positive macroeconomic factors and the taming of inflation have had a positive effect on purchases
Volkswagen was not the largest carmaker in the US and that North America accounted for merely 1-1.5 per cent of its total sales.
Over seven lakh vehicles have been recalled by various manufacturers in India since 2012.
Over seven lakh vehicles have been recalled by various manufacturers in India since 2012.
The company would consider to bring in some of these models to India in future, the homologation of which would be carried out in due course of time. The company on Monday unveiled the prototype of its racing car R15 in Ingolstadt.
There was a time when one roamed the Expo halls at Geneva and wondered what to file back home. Not any more. Almost every serious carmaker worth its powertrain has at least one serious car meant for India.
"Tata Motors, which is engaged in focused and detailed negotiations with Ford on the Jaguar Land Rover business, clarifies that the company has had no discussions with Fiat on deployment of technologies developed by Jaguar and Land Rover," the Mumbai-based company said in a statement.
Merc says it has completed offering petrol option along with diesel variants for all the models that it sells in India
Bullish on the Indian market despite global economic downturn, Swedish luxury carmaker Volvo on Wednesday said it will enhance its product portfolio in the country, including a premium sports utility vehicle, which it plans to launch sometime next year.
European carmakers strut smaller, fuel-efficient cars to beat the credit crisis at the Paris Auto Show.
Cumulative sales of India's top passenger vehicle makers -- Maruti Suzuki, Mahindra and Mahindra, Tata Motors, Honda Cars, and Toyota Kirloskar -- increased to 206,418 units in February over 200,322 units in the same month last year, an increase of 3 per cent.
The challenges of transition to stricter emission norm BS-VI from BS-IV and compliance to new safety norms thereby making vehicles costlier are lurking around the sector.
