Nissan Motor Co sees no sign industrywide US auto sales have hit bottom, and expects full-year sales could slip to between 14 mn and 14.5 mn units, a senior US executive said on Tuesday.
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Economic Times

Tata Motors is open to Italy's Fiat SpA helping it sell its low-cost Nano auto overseas, Chairman Ratan Tata said on Tuesday.
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Economic Times

Maruti Suzuki India Ltd, the country's top car maker, reported a 7 per cent fall in quarterly net profit on Monday as high costs of raw materials and a new depreciation policy outweighed a rise in sales.
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Economic Times

Steel majors, such as Tata Steel, Essar Steel and JSW Steel, are aggressively looking at expanding on the retail front to eliminate middlemen and help users get quality steel at fairer and transparent prices. Taking advantage of high domestic demand, several big and small retailers and distributors are currently selling steel products at prices 25-30% higher than market rates.
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Economic Times

The ride is set to get bumpier for car buyers. For the third time this year, car prices are slated for a mark up. According to carmakers, the two hikes this year were too small to counter the rapid rise in raw material costs. Prices are expected to increase by up to Rs 5,000 for mid-segment cars and up to Rs 12,000 for the bigger saloons and SUVs.
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Economic Times

Tata Motors’ Singur factory has swung into high gear. The first batch of 25 Nanos, internally called the ‘pilot batch’ by the Tatas, will be ready by September 15—precisely a fortnight before the Rs 1-lakh car is scheduled to hit the road.
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Economic Times

Vehicles will soon run on fuel made from household waste as a chemical company in Britain has found a way to make bioethanol from rubbish...

Economic Times

Prospective customers of Tata Motors’ Nano are learnt to be more keen on owning a 2009 model compared to a September 2008 make, prompting the auto major to schedule more deliveries in the New Year.
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Economic Times

Dashing hopes of big car-makers for an excise duty at par with small cars, Finance Minister P Chidambaram has ruled out extending tax concessions to larger vehicles.

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Economic Times

With an aim to increase its presence in the fast-growing Indian automobile market, Toyota Motor Corporation (TKC) plans to launch an array of new vehicles, and will roll out its next-generation Corolla sedan and new compact offroader Fortuner this year.
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Economic Times