- After months of tests, speculations and spy shots; the 2015
Hyundai Elite i20 has officially been launched in India, priced from Rs. 4.89
lakhs (ex-showroom, Delhi). India is the first market to get the second
generation i20, while the global debut of the hatchback will take place at the
Paris Motor Show in October this year. Christened as the ‘Elite i20’, the
hatchback has been designed at Hyundai’s R&D facility in Russelsheim,
Germany and engineered at the automaker’s new Nurburgring test centre.(motorbeam.com)
- BMW India have launched the 7 Series Signature edition in the country at an
ex-Showroom price of INR 1.22 crores (pan-India). Based on the 730Ld variant
(which is priced at INR 1.02 crores ex-Showroom, All India), the Signature
edition adds a few features to the luxury sedan.(indianautoblogs.com)
- Bajaj Auto today launched two bikes under the Discover range
priced up to Rs 58,739 (ex-showroom Pune).Discover 150F is priced at Rs 58,739,
while Discover 150S is available for Rs 51,720 for drum and 54,725 for disc
variants, Bajaj Auto Ltd said in a statement"These Discover 150 bikes
break away from the current basic bikes available in the market to give the
consumer an exciting and energising ride," it added.
(financialexpress.com)
- India's largest car exporter Hyundai has stopped shipments
from its Chennai plant to Europe after shifting production of models for the
continent to the Korean auto major's plants in Turkey and Czech Republic. The
move will result in around 25 per cent reduction in overseas shipments from the
company's Chennai plant this year at 1.9 lakh units compared to 2.53 lakh units
last year. (economicstimes.com)
- Bosch Ltd has announced its Q2 results which saw it post a net profit of Rs 307
crore for the quarter ended June 30, 2014, up 21 percent. Total income
has increased from Rs 2,355 crore, up 3.6 percent over the year-earlier period.
Domestic sales aere up 2.4 percent and exports grew 17.4 percent over Q2 of
2013. According to managing director Dr Steffen Berns, “Sales were subdued
during the second quarter as a result of limited consumer demand, tight
liquidity and reduced activity around the time of the May elections.” (autocarpro.in)
- Italy's Fiat Group is finalising plans to launch its
high-end sports car Maserati in India as it seeks to grab a larger slice of the
country's surging demand for luxury cars.A person with direct knowledge of the
company's plans said it is hoping that Maserati's rollout on the Indian roads
will also help Fiat consolidate its brand in the country. (economicstimes.com)
- Tata Motors Ltd, India's biggest automaker by revenue, on
Monday beat forecasts as first-quarter net profit more than tripled on strong
sales of its luxury Jaguar and Land Rover vehicles that continued to offset a drop in domestic sales.Tata Motors, part of the $100
billion Tata conglomerate, said consolidated net profit for the April-June
quarter rose to Rs 5,398 crore ($882.31 million) compared with Rs 1,768 crore a
year ago.(businesstoday.in)
- Hyundai started the pre-launch bookings for the Elite i20 on
August 1 and launched
the car yesterday. The company has received over 4,600 pre-launch bookings
for the hatchback, of which 2,600 are for the petrol variants and 2,000 for the
diesel variant. (indianautoblogs.com)
- India's tractor market, which grew more than 20 per cent
last fiscal year when most of the automotive sector was on a downhill drive, is
finally facing some rough weather. Erratic rains have forced the industry to
lower sales estimates for the year that began in April. (economicstimes.com)
- GM India has taken one step further towards its drive for
improving environmental performance by commissioning a new biogas facility at
the state-of-the-art manufacturing plant in Halol, Gujarat. Biogas will be
generated from biodegradable waste of food, fruits and vegetable through
anaerobic fermentation process. The biogas, which is considered to be a
cost-effective renewable source of energy which is non-polluting and reduces
landfills and greenhouse effect, will now be utilised in the canteen for cooking
purpose, resulting in a more cost-effective solution. (autocarpro.in)
images from carwale.com , indianautoblogs.com
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