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Auto Industry

  • Tata Motors' Singur plant crawls towards D-day

    Pradeep Gooptu & S Kalyana Ramananthan / Singur/ Chennai June Even as Tata Motors is racing against time to get its new Singur plant near Kolkata ready for commercial roll-out of the Nano by October 2008, the company may be needing an out-of-the box solution to overcome some delays in the integrated plant and component park structure proposed for the vehicle. Tata Motors plants in Pune and the new one in Pantnagar (Uttarakhand) might be marked as standby options should the Singur facility not be ready by October.

  • TI makes foray into eBikes

    Opens factory at Ambattur to produce 100 bikes daily CHENNAI: Tube Investments of India (TII), a part of the Rs. 9,582-crore Murugappa Group, has announced its foray into eBikes by kick-starting its factory at Ambattur here. M. M. Murugappan, Chairman, TII, on Thursday, inaugurated the eBikes factory. The factory would have a production capacity of 100 eBikes a day in the low and high-speed categories. These eBikes would be marketed under the aegis of the BSA brand. The market for eBikes is estimated at Rs. 450 crore. The industry is expected to double in a year's time.

  • French-German deal on CO2 plan

    France and Germany yesterday buried a disagreement over future European Union targets for car emissions, which had threatened a clash between the two partners just three weeks before Paris is to take over the EU's rotating presidency. Chancellor Angela Merkel and President Nicolas Sarkozy used a regular French-German cabinet meeting in Straubing, southern Germany, to announce the agreement on the measure - part of the EU's plan to cut CO 2 emissions by 20 per cent at least by 2020.

  • Tata Motors' truck business may foot the bill for Nano loss

    Forms team to keep costs closer to the small car's sale price of Rs 1 lakh. Tata Motors may charge the losses on its small car Nano, the world's cheapest car at Rs 1 lakh, against the profit it earns from selling trucks, according to industry analysts. Chairman Ratan Tata has pledged to sell Nano, touted as the common man's car, at Rs 1,00,000 even though the cost of making and selling the car is expected to be higher because of rising steel, battery and other input prices. Tata Motors has formed a team to evolve a plan to keep the costs closer to the sale price.

  • Britons put brake on passion for gas-guzzlers

    UK registrations of 4x4 vehicles tumbled by more than 18 per cent last month in a powerful sign that Europeans are joining the headlong scramble out of large gas-guzzlers seen in the US. The data from Europe's second largest car market mirrors collapses in largevehicle sales under way in other European countries, and comes as petrol prices touch new highs and consumers delay big purchases.

  • Nuts and bolts: The latest in automotive world

    INGOLSTADT: As per international media reports, Audi A1 supermini is expected to go on sale in March 2010. The company's secret documents were leaked which has indicated that the car would be on sale in 2010. Also international media has reported Audi A1's new line-up of four-cylinder launch engines. The petrol model range begins with an 86bhp, 1.2-litre petrol engine. New diesel engines include a 1.6-litre common rail injection with 90 bhp or a range-topping 2.0-litre common rail unit.

  • BEST will absorb petro hike, but autos may not

    The steep hike in fuel prices will cause a dent of Rs 20 crore in the coffers of the BEST per year. However, the undertaking does not intend to tax BEST commuters any further with higher fares. "There would be no increase in the BEST bus fares,' said Uttam khobragade, General Manager, BEST undertaking. Meanwhile, the city's autorickshaw and taxi unions are adopting a wait and watch policy. At present, both unions have not expressed any plans to demand higher fares.

  • Fuel price spike to hit car sales

    Companies May Lower Tags, Offer More Discounts To Offset Impact The hike in petrol, diesel prices will fuel a slowdown in the auto industry in the short-term, feel car majors like Maruti, Hyundai and Honda. And, it may spell good news for consumers in terms of lower prices and greater discounts from car makers, who will try to offset the negative impact on the industry, which is already hit by higher interest rates and tighter retail financing.

  • Silver lining: Analysts say car prices will fall

    For prospective car buyers, there could be a silver lining in the steep fuel price increase announced on Wednesday. Carmakers, already reeling under the signs of a downturn in sales, may be forced to sweeten the discounts and freebies to pull customers to showrooms, reports Pankaj Doval. As companies complained of an impending slowdown due to the

  • GM may sell Hummer, to close four plants

    Wilmington: General Motors Corp on Tuesday said it was closing four truck plants and could sell its Hummer brand to cut slow-selling trucks and SUVs from its lineup in response to higher gasoline prices the automaker now sees as a permanent threat to its business.

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