Indian Car Companies

Mahindra & Mahindra’s new Chakan is all set for production from this month end. The company has invested about Rs 2500 crores to set up the new plant which will have a capacity to produce 3,20,000 vehicles in the first phase. The plant will be able to produce all the M&M vehicles and trucks, as said by CEO of Mahindra Vehicles Manufactures Mr Louis Pereria. With a 32% sales growth in October this year Mahindra hopes big to keep the momentum on the back of strong orders. Long way to go Mahindra! Read Full Story

India's top vehicle maker Tata Motors said Monday it more than doubled profits in its domestic market in the third quarter of the year, boosted by sales of its Nano vehicle and foreign brands. Net profit in the three months to September reached 7.29 billion rupees (156 million dollars) from 3.47 billion rupees a year earlier on increased sales and cost-savings, the company said in a statement. The profit figure far exceeded the average of 4.0 billion rupees forecast by 10 analysts polled by Dow Jones Newswires. Net sales rose about 13 percent to 79.24 billion rupees. "Revival of industrial activity and improvement in ... Read Full Story

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DTC has placed an order for 2,500 modern buses with Tata Motors and ALL To avoid delays in supplying low-floor buses to the Delhi Transport Corporation (DTC), Tata Motors and Ashok Leyland have speeded up the production of these buses. DTC, which has placed an order for around 2,500 low-floor buses (including some AC buses as well) that will be used during the 2010 Commonwealth Games in Delhi, is said to have asked Tata Motors and Ashok Leyland to make sure that the buses are supplied on time. While Ashok Leyland has already overshot its September deadline, Tata Motors says it’s confident of being ... Read Full Story

The world's cheapest car, the Nano, launched by Indian maker Tata earlier this year, faces possible checks after owners complained of fires apparently caused by short circuits. But Tata Motors said it would not order a recall of the Nano, at least 7,500 of which have been delivered since the car hit the streets three months ago. "A pre-emptive audit check may be carried out on cars that are to be handed over or those that are with customers, purely as a precautionary measure," said Tata spokesman Debasis Ray in a statement emailed to AFP. "No recall is being considered," he said. The statement ... Read Full Story