Auto India, Car India

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Fiat India has launched the Fiat 500 also known as Cinquecento (in Italian) in the India. The 500 was originally designed by Dante Giocosa and was introduced in 1957 in the Turin. Exactly 50-years after its 1st launch the latest Fiat 500 was launched last year in Turin amidst a lot fanfare which was spread across the number of Italian cities.

In India, prices of the cars are now witnessing next hike in almost all car models from all carmakers. This is the 3rd time the carmakers hiking prices of their car models this year.

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Maruti Suzuki, India’s largest car manufacturer, reported net profit of Rs 465.9 crore in 1st quarter of 2008-2009, against Rs 499.6 crore during the corresponding period of the last financial year.

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Dashing hopes of the big car manufacturers for the excise duty at same level with the small car, Finance Minister P. Chidambaram has ruled out extending tax concessions to bigger vehicles.

He also said that there was no scope for decreasing duties on the imported hybrids vehicles, while government could consider providing extra tax incentives if they were built in India.

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After revealing the cheapest car of the world with the price tag of Rs 1 lakh, Indian auto major Tata Motors is now gearing up to hit the other extremes of the market with the new models of their newly attained luxury brands JLR priced in surplus of 1 lakh pounds.

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The Chevrolet Aveo sedan is not much popular in India, and General Motors may plans to replace it soon. But, the replacement could still be up to 2-years away.

BMW launched its new models of 5 series in India last week. These models are costs in the range of Rs 36.5 lakh to Rs 46.8 lakh. They launched 525i and 530i – as the new petrol versions and 520d, 530d and 53D Highline – the diesel versions in a BMW 5 series.

Mahindra & Mahindra unveiled their CNG variant of popular Bolero pick up truck in a pay-load of 1 to 1.5 ton, costs at Rs 5.42 lakh on Thursday.

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The Bajaj-Renault-Nissan Joint Venture could expand beyond the “Ultra Low-cost Car” (ULC)to include the range of EV (electric vehicle).

Mr. Ghosn (Chief Nissan-Renault) just announced that they plans to begin mass production of EV as the part of their strategy to increase demand, which is currently slowed because of high fuel costs.

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Bosch, the German Auto Component Maker, is growing their product offerings in Indian market with the plans to begin making anti-lock brake system here by 2009 as they goals for 20% increase each year.

The industry is also planning to launch additional products like ultra quite alternators and navigation system as the part of their India growth strategy.

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