Friday, 15 August 2014

Automotive Updates - 15th August 2014

  • Mahindra 2 Wheelers has launched the Mahindra Rodeo UZO 125, a sportier variant of the Rodeo RZ at INR 47,957 (ex-showroom Delhi). The scooter was spied at a dealer preview recently.The variant can be recognized by its dual-tone colour theme with contrasting racing stripes, body colored mirrors and colored wheels. The scooter also gets dual texture seat with anti-slippage surface.(indianautoblogs.com)
  • The profitability of the struggling domestic unit of Tata Motors, especially that of its passenger car division, depends on the success of the newly launched sedan Zest and the forthcoming roll out Bolt, says global rating agency Moody’s."The profitability of Tata Motors' passenger car business depends on its ability to sell significant volumes of its new Zest and Bolt models," Moody's said in a statement.The company has Ba3 stable rating from the agency.(financial express)
  • Components maker JBM Auto today posted over five-fold rise in consolidated net profit at Rs 21.39 crore for the first quarter ended June 30, 2014-15. The company had posted net profit of Rs 4.09 crore during the April-June period of the 2013-14 fiscal.(ETauto.com)
  • Maruti Suzuki expects that its royalty payments to parent company Suzuki will reduce as more and more co-developed model hit the market. The first model that is expected to follow this trend is a compact SUV which is expected to be based on the XA-Alpha concept. 
  • The Indo-Japanese automaker is investing Rs 2000 crore on an R&D facility including a test track in Rohtak which is not far from Manesar where it has its oldest manufacturing plant. The company has begun partial operations at the facility.(carwale.com)
  • General Motors Co. (GM), aiming to reverse a sales slump for its Cadillac luxury brand, plans to introduce a top-range car and a redesigned SRX utility vehicle next year, an executive said.(livemint.com)
  • The heroes of the nation are going to get a special present this Independence Day as automotive manufacturer, Ford India, has announced that it will provide special offer on Ford Figo and Ford Classic for the armed and paramilitary forces. The serving as well as retired servicemen can avail the benefits of this offer.(motoroids.com)
  • Tata Motors today reported an 8.46 per cent decline in global sales to 80,151 units in July.The company had sold 87,566 units in the same month last year. (ETauto.com)
  • Honda Motorcycle & Scooter India inaugurated its first traffic park in Maharashtra, spreading road safety awareness. This park in Maharashtra is its sixth overall in India. Honda has collaborated with the Yeola Industrial Co-operative Estate Limited – an undertaking of Maharashtra Industrial Development Corporation (MIDC) for operation and maintenance of revamped traffic Park in Yeola, Nashik. (motoroids.com)


images from eni.network24.com and caranddriver.com

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