Showing recovery for the two successive months, Maruti Suzuki has reported a 24.08% growth in its total sales during the last month (February 2009).

India’s biggest car manufacturer sold 79,190 units during Feb 2009, as against 63,822 units in the corresponding period of the last year (Feb 2008).

After September 2008, the company’s saw drastic fall in its sales for the next three months by 7.1%, 27.4% and 10% respectively.

But, the company's sales grew 5.39% in January 2009.

After a delay of more than six months, Tata Motors has finally decided to launch the much-awaited cheapest family car 'Nano' on March 23 in India.

The Rs 1-lakh car, pegged as the world's cheapest car, will be on display at the company's dealerships from the first week of April. However, bookings for the 'people's car' will begin only in the second week of April.

The car was earlier scheduled to be launched in the first week of October last year, but due to violent protest by farmers led by Trinamool Congress leader Mamta Banerjee, Tata Motors was forced to quit from the state and relocate the plant to Sanand in Gujarat.

Public sector lender Punjab National Bank has announced a cut in car loans by 50 basis points with effect from March 1, 2009.

With the latest revision, the car loan would come down to 10.5-11 per cent from the existing 11-11.5 per cent.

It should be noted that earlier this month, the country's largest lender State Bank of India (SBI) had cut interest rates on home loans to 8 per cent and on car loans to 10 per cent for a period of one year

The new rates are applicable to all customers availing loans between February 23 and May 31, 2009, a bank official quoted in a statement.

Japanese Automobile major, Toyota Kirloskar Motor (TKM) expanded its range of alternate fuel vehicles by including the Innova CNG in its fold in India.

From now onwards the country’s most popular multipurpose vehicle, Innova will be available in CNG variant as well.

London, Feb. 28 : TATA-owned Jaguar Land Rover yesterday signed a "very significant" order to supply 13,000 vehicles to China.

The vehicles will be supplied over a three-year period, The Sun reports.

The news is a huge boost for the company - which employs thousands of workers in the UK at sites including Castle Bromwich and Solihull in the West Midlands and Halewood, Merseyside.

Halves Greater Noida output to 200/day

Honda Siel Cars India has put on hold "indefinitely" the commissioning of its second manufacturing facility in Rajasthan amid a sales slowdown. The company has already halved production at the existing plant (Greater Noida) to 200 cars a day on a single shift basis against 400 being produced earlier and is using only about 55,000 units of the one lakh unit installed capacity at the site.

No wonder then that work on its Rs 1,000-crore facility coming up at Tapukara has been suspended for now.