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The world’s largest producer of two wheelers, Hero MotoCorp has a reason to cheer. In September the company recorded a growth of 26.75% in sales; they sold about 549,625 units last month. This is the third consecutive month when the sales have crossed a mark of half million units.
After the company dissolved its joint venture with Honda Motor Company this year it witnessed a rise in the sales. The sales in the past quarter were about 20%, more than what it was in the quarter a year ago.
Anil Dua, the senior vice president of the marketing and sales department at Hero MotoCorp said, “We have been able to maintain strong growth since the formation of our new company and also expect the same momentum to continue in the festive season of October and November.” Continue Reading »
Crisil has indicated that the car sales have been slowest in the decade. This can be contributed to the frequent hike in the prices of the fuel and also the increase in the loan rates for cars. Crisil has predicted that this slump in demand of cars can further aggravate in India; a country where auto industry has been growing at a very fast pace in the recent years.
The research firm indicated that sales of indigenous cars can be as low as three percent by the end of the financial year March 2012. This is a sharp contrast to the previous prediction by the company, as eight to ten percent growth. At a time when the car sales were on a high of 30 percent, the company had predicted on September 20, 2011 that the growth of the car sales in the country would come down to eight to ten percent. Now, this prediction is down to three percent. Continue Reading »
Every automobile company is having tough time in upgrading their vehicles. They want to be first in the market with high sales number. If they are not getting the figures these companies are ready to upgrade them with any possible manner.
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General Motors are in a partnership with SIAC of 50:50. Commercial vehicles will be launched in the Indian market. A need is present for top valued commercial vehicles. SIAC is famous for its elongated vehicles which are famous worldwide. With the help of GM it will get a tremendous boost technology wise.
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New launches are taking place in the Indian automotive sector at a higher rate. Daily news is uploaded on the internet having a new launch of a car or a bike. Well Suzuki is in the list with its Sling Shot bike. Yes the name of the bike is Sling Shot, it is replacing the Suzuki Zeus.
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Ford is one of the top hatchback seller at the moment with its Figo. It is an economical hatchback car which has loads of features at an affordable price. The design of the car is also according to new hatchback style. Since new emission norms are developed there is a change in the making of the Figo.
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The new Bajaj Pulsar 135 LS has crossed 100,000 unit mark within a year’s time. The new 135 LS stands for Light Sports. It has the capacity to deliver mileage and power. Such combination works perfect for the commuter of today.
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The time has come where the Germans cars are off on track. The Volkswagen Polo Cup is finally flagged off today morning. The Polo Cup is a three day event which comprises of tuned 20 VW Polo cars with Go Kart cars.
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Maruti is all set to launch the new swift which is designed for perfection. In short it is a powerful hatchback car which will take the Italians and Germans in dirt. The new 2011 Swift is in making which will have a 1.4 turbocharged petrol engine.
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We all knew the Phaeton was coming to India. In the Delhi Auto Expo it was launched with great respect and expectations. The time has come where the Phaeton is on road. The Volkswagen showrooms are equipped with the Phaeton that can take the Indian roads. The all new Volkswagen Phaeton is available for Rs 76, 29,128 only.
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