Within the next two years, ten-year-old commercial vehicles will be phased out from the national capital roads, if Delhi government has its way...

Economic Times

Tata Motors, which is planning to produce the world's cheapest car selling at 1,700 euros ($2,600), also has plans to produce an electric-drive version, according to a German press report.
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Economic Times

Rising inflation and higher input costs may be putting pressure on India Inc but this has not taken a toll on employee salaries. At least not yet. In fact, salaries went up by almost 14.8% this year. Indeed, this may be lower than last year's average of 15.1%, but the slowing down of the economy has not really affected salaries this year. This was revealed by a study conducted across 150 companies by Hewitt Associates.
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Times of India

Tractor maker Escorts Ltd expects to post a 10-12 percent rise in tractor sales for the year-ending September 2008, a senior official said on Tuesday.

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Economic Times

The Indian steel industry has been severely hit as the Chinese government on Sunday raised the duty for metrological coke to 40%. The decision represents a steep 15% hike over the earlier level of 25%, the customs department under the State Council, the Chinese cabinet, said....

Times of India

Tata Motors may be looking at extending its relationship with Italian partner Fiat to cover Jaguar and Land Rover as well. On the cards is a possible joint development programme for next-gen engines for Jaguar and Land Rover that will be fuel efficient enough to make the grade once the new European CO2 emission norms come into force.
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Economic Times

General Motors Corp has not even officially put Hummer up for sale yet, and likely buyers are already backing away. Three automakers that held exploratory talks with GM on a possible Hummer sale are now expressing disinterest, meaning only one thing is certain: Hummer is going to be a tough sell. Making vehicles that average between 9 and 14 miles a gallon, Hummer is not a particularly attractive asset as gasoline prices squeeze drivers worldwide and environmental concerns increasingly trump any other notion of what's cool.

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Economic Times

Tractor major Mahindra & Mahindra (M&M) on Monday announced plans to pick up a 51% stake in a newly formed joint venture with Chinese firm Jiangsu Yueda Yancheng Tractor Manufacturing Co. M&M will invest about $26 million in the venture, which will acquire Yueda’s tractor related assets and current liabilities for $50 million. Mahindra will hold 51% in the JV through its subsidiary, Mahindra Overseas Investment Company...

Economic Times

Rubbishing reports of its interest in American iconic utility vehicle Hummer, Mahindra & Mahindra on Monday said it was not pursuing the brand, which General Motors has put on the block.

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Economic Times

Big cars may become more expensive if the government decides to go the Chinese way. The petroleum ministry is examining a possibility to further raise duties on big cars, mainly diesel-run SUVs.

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Economic Times