Japanese two-wheeler giant Yamaha said it plans to increase India’s share in its worldwide sales to 10% over the next 3-4 years, after falling demand worldwide made the company report a net loss of 216.15 billion yen (approx. Rs 11,678 crore) in 2009.
Mahindra and Mahindra said it would utilize its buy-out of South Korea’s Ssangyong Motor to become a worldwide player in the SUV market.
After negotiations, it has been decided that hospitals will be categorized in 3 categories based on the infrastructure capabilities and the rates will be standardized for 42 standard medical procedures covering almost all ailments requiring hospitalization for the 3 categories of hospitals. The rationale is that high-end or specialty hospitals cannot be asked to accept… Read More »
Ratan Tata-headed Tata Motors said that it intends to increase its commercial vehicles business in India and would introduce some more models by the end of this year.
Premium car manufacturer Mitsubishi said it will hike the price of its just introduced sports utility vehicle Outlander by around 2% from next month, and withdrawing the preliminary offer on the car.
Mahindra & Mahindra said it has been selected as the favored bidder by the struggling South Korean car maker SsangYong Motor for take over and the deal is expected to be completed by November this year.
The 2nd quarter monetary policy review due in September is expected to see another rise in major policy rate by apex bank, RBI.
Maruti Suzuki India introduced its 5 models in CNG flavors, including the top-selling Alto. Other 4 models that have been launched with this new alternative include compact cars Estilo and WagonR, multi-purpose vehicle Eeco and mid-sized sedan SX4.
Pictures of the 2011 Ford Fiesta hatchback testing near Chennai have hit the Internet.
With the leading players in the banking sector viz State Bank of India and ICICI Bank increasing the Benchmark Prime Lending Rates (BPLR), both the home and car loans have become costlier.