Premier Ltd, formerly Premier Automobiles Ltd, on Wednesday re-entered into the passenger car segment with the launch of a compact sport utility vehicle.
The government has accused Premier Automobiles Ltd Managing Director M V Doshi of far out stepping his authority and selling the company's assets, besides embezzling funds and cheating shareholders.
Premier Automobiles Ltd is planning to launch its light utility van in September-December 2003 and expects to make "substantial profit" from this project with annual sales of 10,000-12,000 vehicles.
Why is Shailesh Chandra, managing director of Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility, not worried about the competition?
The Maharashtra government's decision to phase out the old ubiquitous black and yellow premier padmini taxis that are more than 25 year old in the country's financial capital has given automobile companies, which are facing declining sales due to the economic slowdown, a reason to smile.
'Cyrus was always very different. He would think before acting.'
Europe's leading car maker, Groupe PSA, officially announced its re-entry in India this April with the Citroen brand. Citroen C5 Aircross SUV will challenge the likes of Mahindra XUV500, Tata Harrier, Hyundai Tuscon, Jeep Compass and the upcoming MG Hector. The C5 Aircross will be the first of several differentiated products from the company's vehicle manufacturing unit in Tiruvallur, Tamil Nadu.
Industrialist Gautam Singhania has close to 8,80,000 followers on Twitter, yet he has opted for a service that 'promotes' his tweets by displaying them to a wider audience beyond his own followers.
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