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News for 25 January 2011

Tata Motors launches the Tata Venture in Maharashtra
Tuesday, 25 Jan, 2011 – 20:03 | Comments Off

Tata Motors today announced the launch of Tata Venture in Maharshtra. The Tata Venture is a multi-purpose vehicle (MPV) with the footprint and maneuverability of a hatchback car, but the interior space of a utility …

Koenigsegg to launch supercar in India
Tuesday, 25 Jan, 2011 – 16:07 | Comments Off

The well known Swedish super sports car maker Koenigsegg Automotive AB joins hands with InterGlobe Enterprises a Rahul Bhatia promoted enterprise to launch a range of high end and high performance models in India. The …

GRMN Toyota iQ Concept
Tuesday, 25 Jan, 2011 – 11:06 | Comments Off

We have a strange looking little car here from Toyota, who has exclusively debuted this tuned, track-ready conversion of the smart Toyota iQ city car. Tuning was performed by MN specially for Gazoo Racing, and …

Hindustan Motors signs alliance with IndusInd Bank
Tuesday, 25 Jan, 2011 – 11:04 | Comments Off

Hindustan Motors Ltd., India’s major automotive company, has inked a deal with the reputed IndusInd Bank, in its first ever tie-up with a private player. The memorandum of understanding (MoU), which was signed recently will …

Renault to leave Logan
Tuesday, 25 Jan, 2011 – 9:12 | Comments Off

Renault SA has reportedly decided not to re-introduce Logan when it launches its own range of products from mid-2011. With the licensing agreement with Mahindra & Mahindra coming to an end in about three months, …

Hyundai recommends RS 1,500 crore outlay in Tamil Nadu
Tuesday, 25 Jan, 2011 – 8:14 | Comments Off

Hyundai, the South Korean automobile group has presented a Rs.1,500 crore new investment offer to the Tamil Nadu government and a Memorandum of Understanding (MoU) will soon be signed.
The momentum towards a …

TVS Motor Company Revenue Grows 51 % in Q3
Tuesday, 25 Jan, 2011 – 8:04 | Comments Off

Sustained growth across all product segments has enabled TVS Motor Company to achieve strong revenue growth of 51% in the third quarter with sales revenue growing from Rs. 1089 crore in the quarter ended December …

Mahindra Finance – YTD December 2010 PAT up by 61% & Q3 December 2010 PAT up by 45%
Tuesday, 25 Jan, 2011 – 7:08 | Comments Off

The Board of Mahindra & Mahindra Financial Services Ltd (Mahindra Finance), a leading player in providing financial services in the rural and semi-urban markets today announced the financial results for the quarter ended 31st December …

Hero Honda executes licensing agreements with Honda Motors
Tuesday, 25 Jan, 2011 – 5:09 | Comments Off

Licensing agreements is in respect to existing products and new products following the MoU of December 16, 2010, which had been approved by their respective Boards of Directors
Hero Honda Motors Ltd and Honda Motor Co., …

Toyota sells 8.42mn vehicles globally in 2010
Tuesday, 25 Jan, 2011 – 4:01 | Comments Off

Toyota’s global sales rose 8% from 2009, driven by solid sales growth in China and other Asian nations
Toyota sold 8.42 mn vehicles globally in 2010 to remain the world’s top automaker for the third year …