Fullerton India Credit Co Ltd, one of the fastest-growing NBFCs, on Tuesday signed an MoU with Hero Honda Motors Ltd to offer consumer finance for buying two-wheelers at Honda dealerships.
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Economic Times

The auto industry is bracing for a really bumpy ride. The fresh round of interest hikes is likely to prompt a further cutback in vehicle loans and dealer finance. Worse, the credit squeeze may stall capacity expansion plans and the demand skid may lead to production cuts at automobile companies.
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Economic Times

Mahindra & Mahindra (M&M) and French carmaker Renault are discussing the possibility of selling cars made in Renault-Nissan’s manufacturing facility in Chennai through Mahindra-Renault, their 51:49 joint venture.
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Economic Times

Ultra Motor Company, a UK based global electric vehicle company, on Tuesday launched its high end range electric scooter, 'Marathon' in the city, which it claims would travel 100 km on a single charge.
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Economic Times

Pune-based two-wheeler maker Kinetic Motor may not sell stake to Mahindra and Mahindra at all, and instead may go in for an alliance to cash in on the auto major's huge network and expertise.

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Economic Times

Tata Motors, the auto arm of Indian conglomerate Tata, which recently acquired Jaguar and Land Rover, plans to revive luxury car marque Daimler, a media report said on Monday..

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Economic Times

Compact cars such as the Honda Fit and Chevrolet Aveo are now expected to retain more of their value than trucks and sport utility vehicles once prized for the resale demand, according to a car value tracking firm.
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Economic Times

General Motors Corp said on Monday it will cut production by another 117,000 vehicles, citing continued weak in consumer demand for pickup trucks and sport utility vehicles.
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Economic Times

A day after it reported a 7% drop in first quarter net profit, Maruti Suzuki on Tuesday hinted at a challenging year ahead due to factors like high interest rates and increased commodity costs.

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Times of India

US car company Ford Motor Co is about to alter its focus drastically and build more small cars, a New York daily said on Tuesday, citing people familiar with the plans.
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Economic Times