According to figures released by Society of Indian Automobile Manufacturers on Monday, Tata Motors exported 498 units last month as compared to just a single unit in the corresponding month last year.
Japanese car giant Honda on Wednesday launched its much-awaited hatchback Jazz in India, priced between Rs 698,000 and Rs 733,000.
The company also sells its mid-sized sedan 'Ford Fiesta' as 'Ford Ikon' in South Africa.
The cess collected on cars as also tobacco and coal will be used to compensate the revenue loss of states by implementing GST.
The launch, however, would take some more time.
"Out of the total sales, we feel that Chevrolet Spark would enjoy major share in total car sales for this year as small cars continue to have largest share in passengers cars market in the country," General Motors India Director (Operations) S Garg told reporters in Chandigarh on Friday.
Auto: Retained excise duty at 10% on all automobiles except large cars.
General Motors is looking at introducing an entry-level car to be positioned below the Chevrolet Spark, to drive up volumes in the Indian market.
Bandhan expects to have a loan portfolio of Rs 14,500 crore.
Audi India commenced its business activities in 2007 and presently has five models -- Audi A8, Audi Q7, Audi A6, Audi A4 and Audi TT. As a part of its strategy to increase sales, the company will have 12 dealers in place by the year-end, from the present seven. The company plans to increase its dealer-network to 18 by next year.
German car-maker Volkswagen on Wednesday said it will invest a minimum of Rs 2,000 crore (Rs 20 billion) on its Indian operations by 2013 to ramp up capacity, launch new models and strengthen research activities.
The manufacturers are not only keen to introduce small cars in India but also luxurious sedans and stunning SUVs.
Nissan Motor Company, Japan's third-largest auto maker, has decided to cut its small car sourcing target from India's biggest car company Maruti Suzuki by 80 per cent in view of the severe downturn in Europe's automobile market.
Typically, about 70 per cent of a car dealer's revenue comes from businesses like servicing, arranging finance, sale of spare parts and accessories, insurance renewals, offering driving lessons, etc. A New Delhi-based dealer said even those ancillary services might not fetch them the margins they earn from servicing other models of Tata Motors like Indica and Indigo.
India is among the top five countries, which contributes significantly to the overall sales of Renault Duster worldwide.
Powered by a new 1.5L diesel engine, Renault Pulse delivers an impressive mileage of 23 kmpl.
The SC directed Delhi and NCR states to comply with these decisions which were taken at Tuesday's meeting to curb air pollution.
Japan's Nissan Motor Corporation, which is planning to manufacture small cars from its upcoming facility near here, on Friday signed an agreement with Ennore Port (EPL) to export the cars to European markets.
Its wholesale numbers may be on the decline, but Tata's small car Nano is picking up in sales at retail level as dealers at different parts of the country cash in on the reduced down payment scheme introduced by the company ahead of the festival season.
The company, which has set an export target of around 2,20,000 units by 2010, is spreading into new markets like the UAE,Philippines and Indonesia.
"In light of the recent devastating earthquake that hit Japan, causing massive damage to life and property, Honda Siel Cars India has postponed the Honda Brio India preview event scheduled to be held on March 17, 2011," the company said in a statement.
Company officials hope that a slew of recent measures will help revive sagging volumes.
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