Car sales in country rose 6.1 per cent in June to 99,738 units from 94,002 in the same month a year earlier, an industry body said on Thursday.

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Economic Times

Tata Motors is looking to use the e-commerce platform to market Nano, which is slated to hit the road by early-October. The company, it is learnt, will start online bookings for Nano from September.

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Economic Times

India carmakers may have painted a far more rosier picture of sales last month than what is the reality. Dealers of most automakers in India are stuck with a pile of unsold cars, as high interest rates and a slowdown in the economy threaten to depress sales. Dealers and bankers confirmed that the industry is pulling out all the stops to weather the downturn.
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Economic Times

The finance ministry has rejected the department of information technology's (DIT) request for duty-free import of a specified number of hi-tech cars for research purposes....

Economic Times

Chennai-based TVS Motor plans to turnaround its sales with the launch four new two-wheelers during the fiscal. The new launches will be a combination of all new bikes and scooters, and will be introduced during the festive period in October and early next year.

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Economic Times

A current slump in the global automotive sector could give fresh impetus to plans for consolidation within the industry, the head of French carmaker Renault said on Saturday.
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Economic times

General Motors rose in German trading after the Wall Street Journal said the automaker may cut white-collar jobs and is considering whether to drop some of its eight brands, which include Buick, Saturn and Saab.
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Economic Times

Call it the Nano engineering gold rush. Indian engineering skills are suddenly hot property as global auto companies source competence, along with components, for their next-gen models. Sourcing cheaper components to cut costs for cars sold in India and globally is now de rigeur.
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Economic Times

Faced with soaring gas prices, a sputtering economy and a rapid US market shift away from trucks, the US auto industry's weakest player, Chrysler, may have to file for bankruptcy or sell its storied Jeep and Dodge Ram brands as early as next year, JPMorgan said Thursday.
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Economic Times

German luxury carmaker Audi on Thursday said it plans to launch its latest sports car 'R8' in the country towards the end of this year.

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Economic Times