Bajaj is believed to have already produced 2,000-2,500 units
of the RE60 quadricycle at its Waluj plant in Aurangabad. A source told the
Autocar Professional that Bajaj has started producing the quadricycle in both left-hand drive and
right-hand drive configurations, and is carrying out final stages of
validation before exporting it.
India produced just a little over seven million tonnes
(MT) of steel, accounting for five per cent of the global output of 141 MT in
May, World Steel Association (WSA) has said.India's production growth rate of
1.6 per cent in May over the same month last year was also lower as compared to
the global average of 2.2 per cent.
Japanese automakers on Monday recalled nearly three
million vehicles worldwide over an airbag defect that could pose a fire risk.Honda
said it recalled about 2,033,000 vehicles which were produced between August
2000 and December 2005, including more than one million in North America and
668,000 in Japan.Two other automakers -- Mazda and Nissan -- also recalled
hundreds of thousands of vehicles over the same problem, which was also
responsible for earlier recalls by Toyota.
The Tata Nexon crossover
concept shown at the Auto Expo this year is 21 months away from its market
launch in India. The concept previewed a sub-4 meter length crossover that
would rival the likes of the Ford EcoSport and the upcoming Mahindra S101.
South Korea's SK Energy Co Ltd and Hyundai Oilbank Co Ltd
have won tenders for a one-year supply of gasoline and diesel to stations that
undercut pump prices, said an official at Korea National Oil Corp (KNOC), one
of two firms that had invited the tenders.
KTM exited the Brazilian market in 2012 when its partnership with local
distributor Izzo Group ended. The Bajaj-owned Austrian two wheeler maker is now
planning to re-enter Latin America’s largest two wheeler market with a new partner
in the form of Dafra Motos. Dafra Motos also partners with BMW, Ducati and MV
Agusta brands in Brazil.
With the June 30 deadline fast approaching for expiry of
reduced excise rate, car makers want the government to extend it further even
as they adopt a wait and watch policy before considering price
hikes. "We certainly hope that the government of India will give us
an opportunity to continue keeping our customers happy," Nissan Motor
India, VP sales and marketing, Ajay Raghuvanshi told PTI.
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