Auto sector news, Indian Auto Sector, India Auto Industry News, Automotive News, World Auto Industry Latest News Update
Business Today

Buoyed by the success of its hatchback Micra, Nissan Motor India Pvt Ltd (NMIPL) on Friday said it will launch a sedan by the end of next year.

Expanding its portfolio in the high-end bike segment, Japanese two-wheeler major Yamaha launched a 998cc motorcycle -- FZ1, in India, priced at Rs 8.7 lakh.
According to sources in the know of the development, the two partners have agreed that current royalty rate per model paid to Honda will remain unchanged.
According to the latest figures from Society of Indian Automobile Manufacturers, sales for the month grew only 17.8% year-on-year, comapred to October's 45%.
Hyundai Motor India Ltd on Monday said it will increase the prices of vehicles across models by up to 2 per cent to offset rising input costs.
Car-maker General Motors India on Sunday said it will hike prices by up to two-and-half per cent across models.
The country's largest two-wheeler maker posted sales of 4,21,366 units for November, against 3,81,378 units it sold in the same month last year.
The company said the pricing of the hatchback - based on the same platform as its new Etios sedan launched early this week - will be decided after the Union Budget.
In order to boost sales, Tata Motors extends the manufacturing warranty on the car to four years or 60,000 kilometres, whichever is earlier, on new deliveries.
We have increased prices of our models in the range of Rs 500 to Rs 1,500, to partially off-set the rising input costs, a company spokesperson said.
According to the figures released by the Society of Indian Automobile Manufacturers, domestic passenger car sales jumped 20.79 per cent to 1,61,497 units in November.
Hero Honda Motors tumbles nearly five per cent in the early trade on the BSE, on reports that Japan's Honda Motor is dissolving the partnership with Hero Group.
The company has launched the car with a 1.5-litre petrol engine, with plans to introduce a small car variant of the model with 1.2-litre petrol engine next year.