Tata Motors on Saturday said its ambitious Nano project was facing cost overrun but maintained the Rs one lakh car could be rolled out from its Singur facility by Durga Puja.

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Economic Times

As Tata Motors gears up to roll out Nano by Durga Puja, country's largest car maker Maruti Suzuki is confident that the Rs one-lakh wonder will be of no competition to it.
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Economic Times

Tata Motors' small car project in Singur in West Bengal has incurred a cost overrun of Rs.3 billion ($71.4 million), the company's managing director Ravi Kant said Saturday.
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Economic Times

Sensing good potential in the after-sales services, auto industry’s honchos are eyeing the business of servicing cars and commercial vehicles. After former Maruti Suzuki MD Jagdish Khattar announced plans to start multi-brand retail and servicing outlets, former president of Hyundai Motor India BVR Subbu has initiated plans to set up a joint venture with Japanese automotive value-chain specialist Gulliver International.

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Economic Times

Global steel player ArcelorMittal said it has joined hands with Hunan Valin Group and Hunan Valin Steel to launch an industrial and commercial automotive joint venture named Valin ArcelorMittal Automotive Steel.
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Economic Times

The Federation Internationale de l'Automobile (FIA) has informed the Federation of Motor Sports Clubs of India (FMSCI) that it will formally take over the activities of conducting motor sports in India from July 1, ín place of the derecognized Motor Sports Association of India (MAI).
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Econmic Times

Toyota Motor Corp said on Friday it may need to consider raising the prices of its passenger vehicles in the future due to surging raw materials costs, though fierce global competition would make such a move difficult....

Economic Times

Diversifying into plastic automotive components space, leading plastic toy manufacturer Ok Play will invest Rs 70 crore to set up two facilities in Haryana and Tamil Nadu.
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Economic Times

After the new age air-conditioned Volvo buses gracing public transport system in Indian cities, it could be the turn of hybrid buses—using hybrid engines housing electrical and diesel motors, if Eaton India is allowed to have its way....

Economic Times

Bangalore-based electric carmaker Reva Electric Car Company is looking at licensing its vehicle technology to other carmakers. One of the largest manufacturers of electric cars in the world, Reva is currently exported to 13 overseas markets in small numbers.


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Economic Times