It is learnt that the state government is likely to sign a memorandum of understanding with the partnering companies this Monday.
The top six auto brands are: Maruti Suzuki, Hyundai, Tata Motors, Toyota, Kia and Mahindra & Mahindra.
A year after French auto major Renault terminated its joint venture with homegrown automobile manufacturer Mahindra & Mahindra (M&M), the company is back to prove its mettle in the world's second fastest growing automobile market with its premium mid-size sedan Fluence.
Mahindra & Mahindra, the Indian carmaker, confirmed Tuesday that it had pulled out of a $1bn joint venture with Renault and Nissan to set up a factory near Chennai.
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 car, sold under the Mahindra-Renault badge, will see a rebranding exercise and be manufactured and distributed by M&M alone.
Renault, which has a joint venture with M&M that sells entry level sedan Logan, has been a subject of speculation over its relationship with the Indian partner and declining sales of the car had put a question mark over the future of the JV -- Mahindra Renault Pvt Ltd, in which the French firm has 49 per cent stake.
Swedish driver Felix Rosenqvist won the first of two Berlin ePrix races on Saturday to hand India's Mahindra team a maiden victory in the Formula E electric series.
Just over a year after breaking up its joint venture with Renault, Mahindra & Mahindra on Monday said it has renamed the 'Logan' sedan as 'Verito', thus completely dropping the French automaker's badge from the entry level sedan.
No one ever expected that it would so soon re-enter the Indian car market.
The compact SUV's exteriors and fuel efficiency could make it a tough challenger, provided Ford plays its price card well.
For Mahindra & Mahindra (M&M), which has just started executing a comeback strategy for wresting back ground it lost to rivals, this could not have come at a worse time. The maker of the Bolero Neo and the Thar models on Thursday said it would have to halt production at its automotive plant for a week due to the worsening supply situation of semiconductors.
Three models from Maruti Suzuki, as well as models from Mahindra-Renault, Chevrolet, Toyota and Honda have got top rankings in their respective segments in a survey for new-vehicle design and performance in India, according to J D Power Asia Pacific 2007 India Automatic Performance, Execution and Layout Study (APEAL) released on Wednesday.
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 Swift gets the boot! We preview the new Maruti Suzuki Swift Dzire.
The protection to the driver's chest due to high chest compression was poor and the passenger's chest received weak protection
The i10 managed to impress the Business Standard Motoring jury across various counts, including build quality, ride, handling, driveability, comfort and safety features. A compelling price tag and above average fuel efficiency further clinched the deal for Hyundai's made-in-India car for the world.
Carmaker Skoda India has decided to price Fabia, the hatchback it plans to launch at the Auto Expo in January, in the range of Rs 5-6 lakh.
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.
After giving an extreme makeover to popular cars such as Toyota Fortuner and the Mahindra XUV500, DC Design is working on Renault Duster.
The first automobiles from the facility would roll out in the second half of 2009, Kashub Mahindra, chairman of the Mahindra group, said after signing a MoU with the Tamil Nadu government for the project.
Tata Motors' Nano may be struggling to survive, but Renault Nissan alliance Chairman and chief executive officer Carlos Ghosn is glad the group followed the lead of "visionary" Ratan Tata's dream project
Months after Mahindra & Mahindra (M&M) exited a joint venture with Renault and Nissan Motor, the French and Japanese auto firms have got their car project back on the road, signing an MoU today with the Tamil Nadu government for a greenfield facility near Chennai.
If you are confused about which car is the right one for you, then it's time to clear the air.
In its first official engagement with the Indian government, Elon Musk-led Tesla and other global automotive (auto) manufacturers sought clarification on the new electric vehicle (EV) policy, specifically regarding investment guidelines and the timeline for the domestic value addition (DVA) requirement. Officials who attended the meeting told Business Standard that the original equipment manufacturers (OEMs) tried to understand whether the complete investment would be made within three or five years and the duration they would have to achieve the 50 per cent DVA. "The consultation meeting was convened to address queries from auto OEMs.
Mahindra & Mahindra Ltd, the country's largest utility vehicle maker, will roll out a sub-four metre compact model of Verito, the rechristened Mahindra Logan, which is expected to attract only 10 per cent excise duty instead of the earlier 22 per cent. Also, it will have a lower price tag.
The only reason why the Marazzo interests you is because your budget doesn't afford you the better MPV, the Toyota Innova and that's where Mahindra has played the masterstroke, the price, it fits right between the Ertiga and Innova and if you want an MPV in this price bracket, the Marazzo is just unbeatable.
Mahindra & Mahindra is developing a small engine for a smaller version of its UVs and replicate the Tatas dream of a small car, a company official said.
The SUV will herald a new chapter in Hyundai's success story.
Decision comes weeks after the company pulls out of a joint venture with Renault and Nissan for a facility there. Commercial production at Chakan is expected to start in two years, about the same time Renault and Nissan will launch production at the Chennai unit. Pawan Goenka, president (automotive sector), M&M, told Business Standard that the company is committed to invest in the south, where a new plant will be set up near Chennai.
Scorpio's All Wheel Drive variant is the cheapest.
With entry-level cars being preferred amid the pandemic, market leader Maruti Suzuki has strengthened its hold, along with Hyundai Motor India.
The company sells a range of vehicles from three-wheelers to high-end sports utility vehicles.
Ford India and Renault too reported good sales growth in April
The new Scorpio came after a gap of 24 months since its last launch, during which the competition launched a slew of products.
How the XUV300's suspension, plastics and interiors hold out in Indian conditions after a couple of years will be the litmus test for its success in the long term, but for now, this SUV delivers, says Pavan Lall.
Hyundai to launch its new SUV- Creta in second half of 2015 in India.
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