GCETMBA.com - Business News Update


MAHLE and BEHR sign share agreement
The two large Stuttgart automotive suppliers MAHLE and BEHR have agreed that MAHLE will take over shares in BEHR in several stages.
Bajaj Corp IPO opens on 2nd August 2010 Price Band fixed at Rs. 630 to Rs. 660
Bajaj Corp Limited (the "Company" or the "Issuer"), one of India's leading producers of hair oils, proposes to enter the capital markets on 2nd August, 2010with its Initial Public Offer ("IPO") of 4,500,000 equity shares of Rs. 5/- each (the "Issue"). The Price Band has been fixed at Rs 630 to Rs. 660. The Issue closes on 4th August 2010 for QIBs and on 5th August 2010 for Retail and Non-Institutional Bidders.
TVS Motor Company Q1 Revenue GROWS 41 %
PBT grows 151.8% ; PAT grows 122.8%; Declares second interim dividend of 50% and recommends bonus shares in the ratio of 1:1
Toyota Launches the Corolla Altis Diesel in India - Optimum balance of performance and economy
Toyota Kirloskar Motor Pvt. Ltd. (TKM) today announced the launch of the Corolla Altis Diesel in India.
Think3 announces the winner of the PDP Award Andrea Pininfarina competition
"NATS (Nihon Automotive College) grabs the award with a high quality work covering all aspects of the development process: from the idea through product design, engineering, choice of materials and the requirements for mass production"
Toyota Kirloskar Motor (TKM) Signs MOU with Indian Bank for Auto Loans
Toyota Kirloskar Motor Pvt. Ltd (TKM) has signed a Memorandum of Understanding (MOU) with Indian Bank to extend auto retail finance to their prospective customers. Indian Bank will be one of the preferred retails financiers for the entire range of vehicles sold by Toyota Kirloskar Motor Private Limited. Both Indian Bank and Toyota dealers will promote the schemes to provide various finance options to its customers through all branches of Indian Bank.
GM India opens Dealership in Howrah; Launches Chevrolet Beat
M/s. Priti Motor Udyog Pvt. Ltd., Showroom located at 112 Salkia School Road, Howrah - 711106 and Workshop located at 20 Salkia School Road Swapanaloke Building Complex, Howrah - 711106. Celebrity Guests : Dimpy Mahajan, Koneenica Banerjee and Bobby Chakborty.
Toyota Kirloskar Auto Parts to produce engines and transmissions for the Toyota Etios
A Joint Venture between Toyota Motor Corporation (TMC), Toyota Industries and Kirloskar Group - will produce engines and transmissions for the Toyota Etios.
Toyota Kirloskar Auto Parts to produce engines and transmissions for the Toyota Etios
Toyota Kirloskar Motor (TKM) today announced that Toyota Kirloskar Auto Parts Pvt, Ltd. (TKAP) - a joint venture between Toyota Motor Corporation (TMC), Toyota Industries and Kirloskar Group - will produce engines and transmissions for the Toyota Etios. The Etios concept was showcased early this year at the Delhi Auto Expo.
Australian Automotive Company Mtm Commences Supply Of Automatic Gear Box Shifters To Mahindra & Mahindra
Australian automotive company MtM has recently commenced supplies of automatic gear box shifters to Mahindra & Mahindra. MtM supplies automatic gear box shifters for installations in Mahindra & Mahindra's SUV - Scorpio that are being planned for exports to USA. Mahindra & Mahindra are planning to export Scorpios to USA that features automatic transmission controlled by automatic gear box shifters manufactured by Australian automotive company - MtM.
Mahindra's auto sales register 20% growth in June 2010
Mahindra Auto Exports grow by 179%
Toyota Kirloskar Motor's June 2010 Sales Grow by 42%
Fortuner, Corolla Altis and Innova continue to dominate their respective segments - 42% growth in sales with 6,180 units sold in June 2010, as compared to 4,367 units in the same month last year - Cumulative sales for the period January to June 2010 stands at 37,126 units - An increase of more than 76% in cumulative sales over the same period last year
Toyota Reopens Fortuner Bookings
Toyota Kirloskar Motor today announced that bookings for the Fortuner will reopen from July 1, 2010 across India.
TVS Motor Company's two wheeler sales grow 36 % in June 2010
Motorcycles grow 44 %; Scooters grow 42 %; Domestic sales up 33 %; Exports up 66 % Highest Three Wheeler Sales recorded in June 2010
Toyota Reopens Fortuner Bookings
The Toyota Fortuner was launched in August 2009, and since then has sold more than 8500 units with a commanding market share of more than 60% in the mid SUV segment. To meet the high demand, the company has increased the production of the Fortuner to more than 950 units per month from the initial 500 units per month.
Overall Vehicle Dependability in India Increases Considerably, Largely Due to Vehicle Exterior and Interior Improvements
Chevrolet and Toyota Capture Two Segment Awards Each in Long-Term Vehicle Dependability Study in India
Toyota 'Q' World gets overwhelming response in Kolkata
Toyota 'Q' World held in Kolkata - Toyota 'Q' World being held in 15 cities across India - The event will span across 4 months from May - August 2010 - Customers across India given an opportunity to see the Toyota Etios Concept model - An exciting array of vehicles showcased, exhibiting Toyota quality and technology - Customers got a touch and feel experience of Toyota range of cars with advanced and environment friendly technology
Mahindra FirstChoice Services Limited launches special Monsoon Proof package
Available at unbeatable price of Rs. 149/- only
Toyota 'Q' World to come to Kolkata
- Toyota 'Q' World - an exclusive auto show by Toyota - comes to Kolkata on 20th June - The second phase of 'Q' World will span 4 months from May - August 2010 across 15 cities. - Customers across India to get an opportunity to see the Toyota Etios concept - An exciting array of vehicles to be showcased exhibiting Toyota quality and technology. - Customers to get a touch and feel experience of Toyota range of cars with advanced and environment friendly technology.
Mercedes-Benz wins the AUTO BILD Design Award 2010
The new Mercedes-Benz SLS AMG is Germany's most attractive car.Stuttgart, May 21, 2010: Around 100,000 readers of AUTO BILD magazine have voted the Mercedes-Benz SLS AMG Germany's most attractive car. The super-sports car received the most votes of any newly launched model.
High Performance Mahindra Navistar trucks roll out of Chakan Plant
25 tonner, MN 25 truck rolls out of Mahindra's Chakan plant. MNAL to roll out other variants shortly. Start of sales in the next 2-3 months. Extensive sales & service network developed
Toyota conducts free health check up for chauffeurs across all its dealerships
Free health check up for drivers in all Toyota dealerships across the nation - Training on traffic safety - Complimentary school kits distributed
Toyota provides Road Side Assistance to its customers
Round the clock assistance for all Toyota customers!
Mercedes-Benz reinforces its leadership in luxury cars market with 59% growth year on year
Mercedes-Benz India has reinforced its numero uno position in the Indian luxury car market space and in May 2010 further increased the gap with its closest competitor. Buoyed by a string of new launches in the S-Class, E-Class, C-Class as well as the SUV category represented by the M-Class and GL-Class, Mercedes has now gained clear leadership in its segment.
Hero Electric participates in Delhi CM's initiative of "Green Transport" on World Environment Day
To commemorate World Environment Day, Delhi Government under the leadership of the Honorable Chief Minister, Mrs. Sheila Dixit organized a rally of electric vehicles in and around the city of Delhi to encourage the use of zero emission pollution free electric vehicles..