Car users, especially those in affluent class, should be ready to shell out more for petrol and diesel if the crude oil prices increase further, Planning Commission Deputy Chairman Montek Singh Ahluwalia has said.

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Economic Times

Imported cars like Toyota's Camry and SUVs such as Honda's CR-V and Hyundai's Tucson will also become expensive following government decision to slap additional excise duty on fuel guzzling cars produced in India, said a Finance Ministry official.

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Economic Times

A senior Ford executive told company workers Friday that the US automaker needs to make further cost savings as it fights to offset slumping sales, especially of sport utility vehicles.
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Economic Times

The government has slapped an additional specific duty of up to Rs 20,000 per car, over and above the regular excise duty of 24% on all large cars, in a bid to dampen growth of gas-guzzling vehicles. The new duty structure would come into effect immediately. The increase in car prices comes even as fears of a further price escalation are doing the rounds following the jump in steel prices.
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Economic Times

Top world finance officials called on Saturday for an urgent boost to global oil production and a probe into the recent wild swings in energy prices, including the role of speculators.

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Times of India

The latest hike in repo rate — the rate at which Reserve Bank of India (RBI) lends to commercial banks in the short term — could not come have come at a worse time for the automobile sector....

Hindustan Times

Europe’s largest car maker, Volkswagen has gone on a hiring spree by roping in Toyota India’s number two executive K K Swamy besides enticing the top quality control brass of the Japanese automaker. This is being seen as a major coup for the German car maker as KK Swamy, the former joint MD at the Japanese firm is credited to have built Toyota’s presence in the domestic market.
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Economic Times

Expanding its product portfolio, Japanese two-wheeler maker Yamaha Motor on Thursday launched a 150 cc sports bike in the country, priced at Rs 97,425 (All India ex-showroom).
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Economic Times

Undoubtedly, it's economy, convenience and zero emission that are the prime drivers for the electric two-wheeler category in major parts of the world. Today, with the prices of fuel spiralling to scary heights, there's unwieldy pressure on corporate as well as business groups to ease the stress on the environment that's already buckling under the pressure. E-Bikes, as a natural consequence, are here not just to provide a solution...they're here for keeps!
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Economic Times

As if high gas prices, a weak economy and a strike by a major supplier weren't enough to drag down Hummer's sales, Hummer dealers are now reeling from the news that General Motors Corp may consider selling the brand.

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Economic Times