Mahindra and Mahindra has increased its stake in the joint venture with its South African partner to 90% from 51%, and invested a
further 30 million rands ($3 million) in the country’s automotive business.
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Economic Times

Tata Teleservices Maharashtra (TTML) is expected to close this fiscal with the highest-ever revenues of Rs 2,000 crore. The Tata Group
company has invested over Rs 1,750 crore in its wireline and wireless networks, and will launch GSM services in Mumbai in the second-half of this year.
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Economic Times

The downturn has claimed another victim. The memorandum of understanding (MoU) between the Hero group and German insurer Ergo — a part of
the Munich Re group — has been called off. Hero, the country’s largest two-wheeler maker, said it has decided to focus on its core business.
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Economic Times

JK Tyre has reduced tyre prices for commercial vehicles, following a two per cent excise duty cut announced by the government yesterday....

Economic Times

Tyremaker JK Tyre & Industries has cut truck tyre prices by 100-175 rupees, or up to 1.5 per cent, following excise duty cuts announced
on Tuesday, a senior official said.

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Economic times

The world’s cheapest car, the widely-awaited Nano, will be launched on March 23, Tata Motors said on Thursday. The company will display the
Nano at dealerships from the first week of April and will accept bookings from the second week of April. The launch of the Nano, whose potential to revolutionise the automobile industry has been widely acknowledged in India and abroad, will be one of the bright spots in a bleak landscape for the global automobile industry.
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Economic Times

Tata Motors on Wednesday launched the Xenon XT, India’s first lifestyle pick-up vehicle. The two versions — 4x2 and 4x4 — will be priced at
Rs 7.62 lakh and Rs 8.58 lakh (on an ex-showroom basis), respectively. This is the sixth offering this year from the Tata Motors’ stable....

Economic Times

BMW has overtaken rival luxury car brand Mercedes Benz in India to the No. 1 slot — a position the latter held unchallenged for a decade.
BMW India sold 270 cars in January 2009, while Mercedes sold 170....

Economic Times

With no recovery in sight, auto component units are devising new strategies to tide over the severe downturn. Apart from entering
aerospace, prosthetics and power segments, they trying to tap aftermarket in India and abroad.

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Economic Times

French auto major Renault has temporarily put on hold its plans to launch cars in India by 2010 in the wake of the global slowdown as the
company has decided to hold back on investments on assembly line at its Chennai plant....

Economic Times