A leading car maker from China is likely to set up a car manufacturing plant in West Bengal. The state government hopes that the company would set up the plant at the site, vacated by the TATA Motors after stiff opposition from Trinamool congress led opposition parties.
A team of officials from Chinese company, First Automobile Works (FAW), would soon visit the different locations in the state for the the project. It would tie up with Ural India for Rs 1,500-crore automobile manufacturing unit in Bengal.
Tokyo - Toyota Motor Corp on Thursday sharply lowered its earnings projections for the current fiscal year because of a rising yen and slowing auto demand in the United States and Europe amid the global financial crisis.
The sale of super luxury cars in India registered growth despite the global financial crisis. The luxury car makers, such as BMW, Mercedes-Benz, and Volkswagen are looking for markets in developing countries such as India and China. They consider India as a potential market for high-end car sales.
From 2010 onwards all car makers will have to follow the obligatory Euro IV norms and it will definitely affect the production of Maruti Suzuki 800, since it is still not Euro IV compliant. What is even more disappointing is that the company may not be able to launch the Euro-IV compliant version of the model, which might mean that India's most beloved car might be extinct. Maruti 800 has also been the most successful model for the company itself. 
Washington, Nov 5: A US based company is developing a vehicles that would require nothing but air to run on the roads, with Indian carmaker TATA already buying the rights to make the car for the huge Indian market.
