Passenger vehicle manufacturers are hopeful of achieving a double-digit sales growth for the current financial year. Earlier, the sales outlook for cars and utility vehicles was pegged at 5-6 per cent for 2009-10 by the Society of Indian Automobile Manufacturers (Siam).
Auto majors are pinning their hopes on new launches in the premium hatchback segment to give the much needed push for reviving the industry in the midst of the economic downturn.
Jaguar and Land Rover (JLR), the luxury car makers now owned by Indian conglomerate Tatas, has seen its UK operations skid into a net loss of 673.4 million pounds last year.
Japanese unit of General Motors has unveiled an all-new Chevrolet Camaro with which it seeks to make a fresh start from bankruptcy filing with the resurrection of a sport coupe long-awaited by Japanese fans of American muscle cars.
Nearly 55 per cent fall in prices of steel products such as hot rolled coil (HRC) in the last six months is expected to benefit the country’s car makers, whose contracts for sourcing metals are
Potential car buyers celebrating price cuts after the government slashed central value added tax four percentage points last week may be in for a jolt.
Just when premium segment car-makers thought they were insulated from the slump in the automobile market, unlike mass market car-makers, data from the Society of Indian Automobile Manufacturers (SIAM)
Bangalore-based Logix Microsystems has launched an interactive car portal, Carazoo.com, which will cater to the requirements of car buyers/sellers, car
The Tatas are not alone in the race to take over British car makers Land Rover and Jaguar. Apart from the Tatas, three private equity funds and two other trading companies are expected to join the
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