GM India to source batteries for e-Spark from Indian vendors

GM India which had earlier said that the electric version of its small car Spark will hit the Indian roads by October this year, has told reporters that it would be sourcing lead acid batteries from Indian vendors rather the ones from China or Japan. It was reported year General Motors India and Bangalore-based Reva Electric Car Company (REVA) have entered into a collaboration agreement to develop electric version of the former’s models like Spark, etc, for the Indian market. This unique partnership will bring together two companies, established in their own field to develop car platforms, electric vehicle technology and advanced control systems.

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Lifting of anti-dumping duty on steel demanded by auto industry exhaust manufacturers

Automotive exhaust system manufacturers and exporters in the country, using high grade imported stainless steel for producing critical exhaust components for cars and other vehicles have urged the Ministry of Finance to immediately withdraw Anti Dumping (AD) duty on import of certain category of cold rolled stainless steel used by the industry.

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CARE seeks immediate impementation of Kirit Parikh report

Credit Analysis and Research (CARE) Limited has called for the immediate implementation of the Kirit Parikh Committee report that has recommended freeing of petrol and diesel prices and a steep hike in LPG and kerosene rates.
It was reported last week that An experts group, headed by former Planning Commission member Kirit Parikh, submitted its much awaited report on pricing policy for four major oil products, namely, petrol, diesel, kerosene and LPG. The committee has recommended that prices of petrol and diesel to be market-determined, both at the refinery gate and retail levels, whereas the prices of kerosene and domestic LPG can be partially raised by Rs 6 per litre and Rs 100 per cylinder respectively.

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Indian operations insulated from global product recalls : Toyota Kirloskar

Close on the heels of Japanese automaker's chief apologising for global recalls, Toyota Motor Corporations’ Indian arm has categorically maintained that the situation in the US is not at all related to the Indian market. It is to be mentioned Toyota has officially announced that it has recalled more than 7.5-million cars worldwide and will suspend US sales of eight models including the Camry and the Corolla.
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BMW India to roll out refurbished 5-Series in India by Q3 of 2010

Even after being toppled by Mercedes during January 2010 in the luxury car segment, BMW India has said it is quite upbeat on its Indian operations and is looking to regain its marketshare on the back of couple of new launches. Even though the company didn’t reveal the names of its upcoming models, speculation is pretty rife that the German luxury carmaker is gearing up to launch the sixth-generation 5 Series sedan , which will be available with a host of new technologies, new engines and an optional 8-speed automatic transmission.

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