TVS enters organised car accessories market with 'CARPLUS' stores

Lucas Indian Service Limited, part of the TVS Group has marked its entry into the organized car accessories retail market with the launch of its brand store 'CARPLUS'. It will be an organized retail chain offering a complete range of car accessories all under one roof with a wide choice of leading brands to suit all cars. Spread over an area of 4,000 square feet, the first CARPLUS store is located in Gurgaon equipped with an impressive range of world – class products for all passenger cars.
for full story click here : TVS enters organised car accessories market with 'CARPLUS' stores

Tata AutoComp contributes significantly to development of Tata World Truck

Tata AutoComp Systems, a leading automotive component conglomerate has announced its significant contribution in the engineering, design and supplying of components to the Tata World Truck.The challenge faced by Tata AutoComp was to design and develop state of the art components while keeping Indian operating conditions of overloading, rough roads and extreme weather conditions in mind. It is for the first time that driver, co-driver and occupant safety and comfort was given importance in the heavy vehicle segment.
for full story click here : Tata AutoComp contributes significantly to development of Tata World Truck

Slowdown and high costs could mar the 2010 AutoExpo in New Delhi

Since the 2009 Detroit Auto Show was lukewarm this year, the biennial auto show international in India - Auto Expo - could also be feeling the effects of meltdown when it comes once again in 2010. Not because this time there is no Tata Nano, but because The Hindustan Times claims that a bevy of factors like recession, spike in rent at Pragati Maidan (the venue), and slowdown in sales may hamper the number of footfalls at the upcoming auto show next year. HT claims that the rental charged by the ITPO last year was in the range of Rs. 4,800-4,900 per square metre, but now it is charging nearly Rs. 5,900 per square metre.
for full story click here : Slowdown and high costs could mar the 2010 AutoExpo in New Delhi

GM Hummer gets a buy-offer from Sichuan Tengzhong Heavy Industrial Machinery Co of China

There is news finally for GM's Hummer brand. Following GM's restructuring plan after it filed forbankruptcy under Chapter 11 in the US, one of the brands that were under consideration to be put on the block was Hummer. Now, the Chinese company - Sichuan Tengzhong Heavy Industrial Machinery Co. Ltd. (STHIM), a Chengdu-based company known for making a wide range of road equipment, such as bridge piers, highway construction and maintenance machinery is in talks with General Motors Corp., for buying the Hummer brand.
for full story click here : GM Hummer gets a buy-offer from Sichuan Tengzhong Heavy Industrial Machinery Co of China