Oil prices fell slightly on Tuesday after surging to all-time highs close to 140 dollars amid uncertainty that a reported pledge by Saudi Arabia to increase output would curb costs, dealers said...

Times of India

Hinduja flagship company Ashok Leyland is examining options to sell some of its stake in its joint venture with Nissan to its shareholders.

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Economic Times

The Japanese automobile giant Toyota Motor Corporation (TMC) is all set to explore new initiatives to strengthen its hold in the Indian market, reports Sanjay K Singh from Nagoya.
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Economic Times

Malaysian national carmaker Proton has finalised its India plans and is all set to enter the 1.5-million Indian passenger vehicle market. The company has selected the 1.2-litre 5-door mini car Savvy, the 1.3-litre entry-level sedan Saga and the 1.6-litre second generation mid-size car Persona for the Indian market.

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Economic Times

Daimler AG, the world's top truckmaker and second-biggest premium carmaker, sees no need for a blockbuster takeover, a company source said, pouring cold water on talk it could be readying a major deal.
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Economic Times

Selling cars is a lot about cultural considerations. Ask the French. They are focussing on India’s cultural aspects to sell automobiles in the country. France’s top business and engineering schools have sent their students to India to learn the various aspects of working in the Indian cultural scenario. Renault, the French automobile manufacturer, is sponsoring the trip and guiding them are students from IIM-A.
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Economic Times

Italian auto major Fiat Group company Magneti Marelli and Aurangabad-based Endurance Technologies on Monday signed a joint venture agreement to produce shock absorbers for motor vehicles in India and Thailand.

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Economic Times

The impact of the imposition of the specific excise duty on big cars will be more than originally anticipated. From Monday, bigger cars and SUVs will be dearer by Rs 20,000 to Rs 50,000, as auto companies finalise their price tags to adjust the burden of the specific duty slapped by the government.

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Economic Times

Japanese automobile giant Toyota Motor (TMC) is all set to explore new initiatives to strengthen its hold in the Indian market. “Next month, I am going to India to make some announcements. It will be a stepping stone to tap the huge market there,” TMC senior managing director Dato’ Akira Okabe told ET on the sidelines of the Indian and Indonesian journalists meet here on Thursday.
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Economic Times

Confusion prevailed across car dealerships over who would bear the higher excise cost the government levied on cars above 1500cc, with many dealers trying to pass on the higher cost to the customers.

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Economic Times