Jeep has said that it has been able to sell a total of more than 10,000 Cherokees during the first month of its sale.
New Delhi, Dec 3 : Automobile major Hero MotoCorp Tuesday said it has entered a joint venture (JV) agreement with Magneti Marelli of Milan, Italy, to produce engine systems for the two-wheeler market.
"This is our first JV since charting our solo journey and as an immediate opportunity and focus area, the new firm shall be taking up development and manufacturing of next-generation fuelling systems," said Pawan Munjal, managing director and chief executive officer, Hero MotoCorp.
Sweden-based Volvo Car Group on Monday announced an ambition plan to develop self-driving cars, with a promise that a fleet of 100 robot cars will hit the road by 2017.
Volvo said the project dubbed "Drive Me -- Self-driving cars for sustainable mobility" would officially start in 2014, and that it would test its "autonomous" cars on 50-kilometer (30 miles) stretch of selected roads in the city of Goteborg, Sweden, starting in 2017.
Chennai, Dec 2 : India's second largest car manufacturer Hyundai Motor India Ltd. Monday said it closed last month with 10.9 percent sales fall as compared to sales logged in November 2012.
In a statement issued, the company said it sold 49,681 units (domestic 33,501 units, exports 16,180 units) last month, down from 55,762 units (domestic 34,751 units, exports 21,011 units) logged in November 2012.
Pithampur (Madhya Pradesh), Dec 2 : Eicher Motors Monday unveiled 11 new products, both trucks and buses, in "Eicher Pro" series and the company plans to invest Rs. 700 crore more by 2014, Vinod Aggarwal, chief executive officer, VE Commercial Vehicles, said here.
"We have 11 new products on display, which we will start rolling out from February 2014. In the next 18 months all the products will be on road in a phased manner," he told reporters after unveiling the products.
He said the prices will be determined at the time of the launch.
Chennai, Dec 2 : The TVS Motor Company Ltd., maker of two and three wheeler sold around 9,900 lesser units last month as compared to the same period in 2012.
The company said Monday it had billed its dealers 161,908 units last month down from 171,837 units in November 2012.
While the company's two wheeler sales skid last month, its sales of three wheelers went up by 25 percent.
TVS Motor sold 155,604 two wheelers and 6,304 three wheelers the last month against 166,783 two wheelers and 5,054 three wheelers in November 2012.
In a bid to take advantage of India's burgeoning premium motorcycles market, British motorcycle maker Triumph recently launched 10 premium models, with price tags ranging from Rs 5.7 lakh to Rs 20 lakh.
Triumph Motorcycles Ltd's newly launched line-up covers a range of categories like Classics, Cruisers, Roadsters and Supersports. More precisely, the company's line-up includes Bonneville, Bonneville T100, Speed Triple, Daytona 675R supersports, Tiger 800XC, Tiger Explorer, Thruxton cafe racer, Thunderbird Storm and the 2,300cc Rocket III Roadster.
The government has plans to implement the first phase of its much-awaited electric vehicle (EV) policy by April next year.
Ambuj Sharma, additional secretary at Ministry of Heavy Industries & Public Enterprises, has said that he expected the Cabinet to give all the required approvals before April.
New Delhi, Nov 27 : Maruti Suzuki Wednesday recalled 1,492 vehicles, including Ertiga, Swift, Dzire and A-Star, manufactured between Oct 19-26, for correcting defective steering columns.
According to the company, 306 units of Ertiga, 592 units of Swift, 581 units of Dzire and 13 units of A-Star will be recalled for checking and replacement of the steering column if found defective.
"This exercise is limited to vehicles within the above specified range and does not pertain to any other vehicle of the Company or any of its exports," the company said in a statement.(IANS)
Chennai, Nov 26 : The Indian subsidiary of Japanese automobile company Nissan Motor Company will set up a separate distribution network for selling its Datsun GO cars to be launched next year, it said Tuesday.
A company spokesperson told IANS that the existing distribution arrangement with Hover Automotive India would continue for Nissan badged vehicles.
Currently, Hover Automotive is responsible for setting up a dealer network for Nissan Motor India.
Washington, Nov. 17 : Automobile Magazine has named the 2014 Chevrolet Corvette Stingray ' Automobile of the Year'.
The new Corvette has more power and better fuel economy than last year's model.
It is powered by a 6.2-liter V8 engine that can put out as much as 460 horsepower, CNN reports.
The magazine in a review of the car said that the Corvette has long been a tremendous performance value wrapped in an all-American package.
Chicago, Nov 16 : Leading US automaker General Motors Corporation issued two recalls for about 60,000 Chevrolet Malibu sedans due to problems with power seat wiring and the heating, ventilation and air conditioning system.
According to a report, the Detroit-based auto giant is recalling 14,930 Malibu cars of the 2013 model from North America because wiring beneath the seats can catch fire, reported Xinhua Friday.
Pune, Nov 14 : German luxury car maker BMW Thursday launched the facelifted Z4 roadster car at Rs. 68.9 lakh.
The two-seater sports car with a retractable hard top roof has more contemporary features as compared to the outgoing model.
BMW's signature kidney grille has its slants coloured in silver instead of the traditional black or chrome giving it a sporty look, and the prominent side creases, wheel arches and angular headlamps further add to the car's striking appearance.
Utility vehicle giant Mahindra & Mahindra (M&M) on Wednesday reported a nearly10 per cent year-on-year growth in standalone net profit for the three-month period ended September 30, 2013, thanks to strong growth in the agriculture equipment segment.
The tractor-maker announced in a statement that its standalone net profit jumped 9.7 per cent year-on-year to Rs 989.5 crore in the July-September quarter. The growth was largely driven by the robust sales of tractors and other agriculture equipment on the back of good monsoon.
India's car industry suffered decline in medium and heavy vehicles' sales for the 20th consecutive month in October, as even the festive season failed to encourage consumers to buy new cars.
Fresh data, released by Society of Indian Automobile Manufacturers (SIAM), domestic sales of cars slipped 4 per cent to 163,000 lakh units in October this year, from 169,000 units in the corresponding period of last year.
In a bid to align costs to decline in activity levels, commercial vehicle giant Ashok Leyland has announced a voluntary retirement scheme (VRS) for all categories of its executives.
Chennai-headquartered Ashok Leyland, which has more than 5,000 executives on its payrolls, said that the proposed VRS was applicable to all categories of executives. The company also claimed that any employee who opts for the scheme would be given adequate compensation package.
The traffic safety regulator in the US, has indicated that it has launched an investigation into Volkswagen SUV over complaints that its exterior lights failed unexpectedly.
The National Highway Traffic Safety Administration said on Friday that it is opening investigation into the 61,000 Volkswagen SUV over complaints that the exterior lights of the models have failed. NHTSA announced that it is investigating the 2009-11 VW Tiguan after it received 26 complaints of a partial or complete loss of the vehicle's exterior lights including headlights, taillights and turn signals.
Hero MotoCorp, India's leading two-wheeler manufacturer, on Thursday announced the appointments of two senior executives - Rajat Bhargava and Marcus Feichtner.
Rajat Bhargava, a former senior partner at global consultancy firm McKinsey & Co, has joined the company as the head of Strategy & Performance Transformation division with immediate effect; while Marcus Feichtner has been appointed as the head of the `engine design & development' division of the company.
Mahindra & Mahindra Ltd (M&M), India's leading sport utility vehicle (SUV) maker, suffered a year-on-year decline of around 7 per cent in its total domestic sales in October.
M&M announced on Friday that its domestic sales, including sales of commercial vehicles, slipped 6.8 per cent, from 51,316 units in October 2012 to 47,787 units in October this year. Sales of passenger vehicles slipped 14 per cent to 22,924 units, from 26,932 units in October last year.
India's struggling car industry recorded a slight improvement in sales in the month of October, thanks to the festival season.
Maruti Suzuki, the country's biggest car maker, sold 60 more cars in October in the domestic market, pushing the monthly total to 96,062 units. The company's exports jumped 27 per cent year-on-year to 9,025 units.