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Setback for UP auto industry26-OCT-09
The state’s automobile industry, already battered by the global meltdown, has received yet another setback after the state government decided to raise the transport registration fee, ranging from Rs 5,000 to Rs 50,000, depending upon the nature of vehicles. The tax slab in Uttar Pradesh is already higher than some neighbouring states, forcing customers to move there.
Turkey to ease two-wheelers' import duty; India to benefit09-JUL-09
Turkey is considering possibly scrapping of a safeguard duty imposed three years ago on import of two-wheelers, a decision that will benefit India that once enjoyed a five per cent market share in European country.
Toyota's small car to be launched by 2010-end09-JUN-09
Toyota Kirloskar Motor today said it will launch its small car by the end of 2010 by when its plant in Bangalore is ready.
'A large number of clients has either aborted deals or postponed contracts'06-JUN-09
Manufacturing and automobile solutions provider KPIT Cummins Infosystems remains hopeful of eventually crossing the $1-billion revenue mark. However, the global manufacturing and automobile industry, which accounts for a majority of its top line, is currently facing turbulent times, affecting the company's revenues. In a chat with KAUSTUBH KULKARNI, the company's Chairman, RAVI PANDIT, gives his view on the road ahead.
Eicher Motors Q4 net up at Rs 6.16 cr27-MAY-09
Eicher Motors today said its net profit for the quarter ended March 31, 2009 stood at Rs 6.16 crore, while it had a net profit of Rs 19.46 crore in the corresponding period previous fiscal.
Ashok Leyland Q4 net down 70% at Rs 53 cr15-MAY-09
Commercial vehicle maker Ashok Leyland today reported a 70.47 per cent decline in its net profit at Rs 53.32 crore for the quarter ended March 31, 2009, compared with Rs 180.57 crore in the same period a year ago.
Fiem Industries inks deal with Japanese firm to make lightings11-MAY-09
Auto components maker Fiem Industries today said it has entered into an agreement with Japan-based Ichikoh Industries Ltd for manufacturing of automotive lightings and rear view mirrors.
Fiat move to shake up Indian market: Analysts06-MAY-09
Fiat’s audacious bid to take over the General Motors’ struggling unit in Germany is expected to cause a shake up in the global auto industry and enhance the Italian car company’s prospects in India, where it is currently facing stiff competition from leading Japanese and Korean brands, according to analysts.
US auto majors' crisis hits home06-MAY-09
GM and Chrysler are big clients of Indian IT majors.
JLR to enter India 'in a few months'29-APR-09
The India foray of the two brands, which debuted in 1922 and 1948, respectively, has been hastened by their new Indian owner, Tata Motors, which took over in 2008 from Ford Motor Company of the US.
Sundaram net loss at Rs 4.82 cr28-APR-09
Sundaram Clayton Ltd, Chennai-based automotive components manufacturer, reported a net loss of Rs 4.82 crore for the fourth quarter ended March 31, 2009, as compared with a profit of Rs 5.99 crore in the same quarter last year.
JLR denies preference talks over UK aid29-JAN-09
The Tata group-owned Jaguar-Land Rover (JLR) has denied reports in the media that yesterday's £ 2.3-billion credit relief (as loan guarantee) announced by the UK government will benefit it more than rest of the automobile industry in the UK.
December auto sales at all-time low of 18 per cent13-JAN-09
The struggling Indian automobile industry today reported yet another worst ever performance with overall domestic sales declining by 18.2 per cent in December 2008, as commercial vehicles and two-wheelers sales crashed heavily.
Tata Autocomp feels the heat28-DEC-08
The slowdown in the automobile industry has already hit Tata Motors hard. The impact is now being felt by the Tata Group’s automotive component companies.
India will steer global auto industry by 2020: IBM08-SEP-08
Come 2020, the Indian automobile industry will be a leader on the global stage with the likes of Tatas leading innovation with a breakthrough product like Nano, according to IT and consultancy giant
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