Despite the car having a very low localisation level of around 50 per cent, as the engine and transmission is imported into the country, M&M says the reduction has been a result of rationalisation efforts undertaken by the company at its plant in Nashik.
Japanese auto major Nissan Motor Co plans to launch a $3,000 car (about Rs 134,000) in 2012 in India to challenge Tata Nano, the world's cheapest passenger car.
In a race of safety cars and surprises, Verstappen's former team mate Pierre Gasly made a first podium appearance in second place for Red Bull-owned Toro Rosso, a rare Honda-powered one-two.
Lewis Hamilton capped off his troubled return to Australia on Sunday by tangling with local hero Mark Webber and then blaming his own McLaren team for costing him a podium finish.
Events in Europe could reshape the F1 championship before teams regroup in China next week. The focus is on the International Automobile Federation and an appeal court hearing scheduled for Paris on April 14 that will make a definitive ruling on the sport's diffuser controversy. If the protesting teams -- BMW-Sauber, Ferrari, Red Bull and Renault -- succeed in overturning stewards' decisions from Australia and Malaysia, then Brawn GP, Toyota and Williams will be reined in.
Nissan also has a car-manufacturing tie-up with its global alliance partner Renault.
The small car market of India is booming like never before.
Japanese carmaker Nissan on Tuesday said it is in talks with Hinduja flagship company Ashok Leyland for developing a small car for the global market that could be priced around $4500-5000.
Vitantonio Liuzzi rounded off Force India's four-day testing with the fourth fastest time of the day and 80 smooth laps of the Circuit de Jerez in Jerez (Spain).
Toro Rosso's Carlos Sainz fears he and some other Formula One drivers have had to lose so much weight before the season starts, to compensate for heavier cars, that they risk compromising their health.
M&M has a joint venture with Renault -- Mahindra Renault Pvt Ltd -- which manufacture the only product Logan in India.
The company, which is part of French auto giant Renault Group, showcased on Wednesday three electric vehicle models and announced plans for a concept car at the ongoing Tokyo Motor Show.
Renault's Fernando Alonso made his peace with future Ferrari team mate Felipe Massa on Friday before setting the pace in free practice for the Brazilian Grand Prix at Interlagos. While the Spaniard lapped with a best time of one minute 12.314 seconds, Brazilian Rubens Barrichello was the fastest of the three championship contenders ahead of what could be a title-deciding race on Sunday.
The five door Nissan Micra is an A-segment small hatchback.
Vitaly Petrov left his Lada driving days far behind on Sunday when he signed with Renault as Russia's first Formula One racer. The 25-year-old from Vyborg, near the Finnish border, was runner-up in last year's GP2 support series to Germany's Nico Hulkenberg, who makes his debut with Williams this season.
Formula One's ruling body should have punished Brazilian Nelson Piquet for the Renault race-fixing controversy, former driver David Coulthard says.
All 10 existing Formula One teams were included on the 2010 entry list on Friday along with two new US-based operations and one from Spain.
The manufacturing facility is being set up at Oragadam, near this city. The company has planned to set up 55 dealerships by 2012. So far, the company has appointed 23 and plans to add seven more by the end of this financial year.
Lewis Hamilton stormed to a floodlit victory in the Singapore Grand Prix on Sunday while Jenson Button fought through the field to extend his championship lead to 15 points with three races left.
Formula One world champion Lewis Hamilton won the Singapore Grand Prix from pole position for McLaren on Sunday.
By all accounts, the car industry in India is about to acquire serious scale, as new car plants start dotting the maps of Maharashtra, Tamil Nadu, Haryana, Gujarat and Uttaranchal.
McLaren handed a suspended three race ban for lying to race stewards at the season-opening 2009 Australian Grand Prix. The team were told the ban would be enforced if further facts emerged or there was another breach in the next year.
Force India's Adrian Sutil lapped quickest in free practice for the Italian Grand Prix on Friday while former team-mate Giancarlo Fisichella was slowest on his first day as a Ferrari driver.
The Formula One season starts in Australia on March 17 with new regulations, changed lineups, a trio of young rookies fresh from Formula Two and the comeback of Poland's Robert Kubica.
Vettel, who won from pole position last year in Canada to revive Ferrari's title hopes, will be hoping for the same on Sunday with world championship leader Hamilton, chasing a record equalling seventh win in Montreal, starting alongside him.
Workers at Mahindra & Mahindra's largest plant, at Nashik, have gone on an indefinite 'tools down' strike, denting the company's revenue by Rs 25 crore a day.
M&M said it is also in talks with Renault to bring in a new product in the JV, but nothing has been finalised
Renault's Formula One championship leader Fernando Alonso retired from the Italian Grand Prix on Sunday with a blown engine 10 laps from the end.
Former Renault team boss Flavio Briatore asked a French court to overturn his life ban from Formula One on Tuesday, saying he had been denied his right to a free and fair defence.
Williams' Nico Rosberg dominated Formula One's first day of practice at the Australian Grand Prix on Friday while McLaren's world champion Lewis Hamilton languished near the bottom of the timesheets. Germany's Rosberg, son of Finland's 1982 champion Keke, lapped quickest in both of the afternoon sessions at a sunny Albert Park while Hamilton was 18th of the 20 drivers in the second.
Renault's Fernando Alonso took his first pole position in nearly two years on Saturday after a Hungarian Grand Prix qualifying session overshadowed by Ferrari's Felipe Massa suffering a heavy crash.
Formula One stewards cleared Brawn GP, Toyota and Williams to race in the season-opening Australian Grand Prix after rejecting the protests of three rival teams on Thursday. After six hours of deliberation at the Albert Park circuit, the governing International Automobile Federation (FIA) said the officials had dismissed protests by Red Bull, Renault and champions Ferrari.
The Brawn GP, Toyota and Williams Formula One teams face an attempt to bar them from the Australian Grand Prix Thursday in a controversy that threatens to sour Sunday's season-opening race. The governing International Automobile Federation (FIA) said Red Bull, Renault and Ferrari have lodged protests on grounds the rivals' cars did not comply with technical regulations.
Twice Formula One world champion Fernando Alonso made his first public appearance with his new Ferrari team at an event in Valencia, Spain on Sunday.
Japanese auto major Honda on Wednesday said it will focus on India and China for future growth as sales in developed markets like the United States and Europe continue to drag due to the global economic downturn.
The unprecedented rainfall in Chennai during the first week of December and the resultant flooding had impacted the business operations of companies operating in Chennai
Nissan Motor Company on Friday said it has appointed Akira Sakurai as the managing director and CEO of Renault Nissan Automotive India Pvt Ltd (RNAIPL) and has made a few more changes in the management to establish itself as one of the major players in the country.
Lewis Hamilton won a thrilling Italian Grand Prix for Mercedes on Sunday to stretch his championship lead to 30 points over Ferrari's Sebastian Vettel, who fought back to fourth after a first lap spin.
Companies have also managed to find talent created by frequent exits.
Vettel, 17 points behind Hamilton after a commanding win in Belgium last Sunday, has previously triumphed at Monza with Toro Rosso and Red Bull and will fancy his chances of the hat-trick at the super-fast track outside Milan.
