The luxury car market, tipped to grow at a jaw-dropping 70-80% this year, has weathered the downturn much better than mass market cars. While the overall passenger vehicle industry is likely to end this year with a mere 6% growth, the luxury car market will still manage a healthy 45-50% ...

Growth in domestic passenger car sales declined for the second consecutive month in August, with the automobile industry registered a 10.08 percent dip in purchases on account of high interest rates and production cuts by the country's biggest car-maker Maruti Suzuki India.According to figures released by the Society of Indian ...

In a shocker that reveals how much the recent interest rate hike has bitten into car sales in India the second fastest growing market for automobiles in the world data for July this year shows a decline in sales for the first time in over 30 months.Domestic passenger car sales ...

TVS Motor Company, one of the largest two-wheeler makers in the Indian market, said on Friday that the sales of its popular StaR brand motorcycle have crossed the sales mark of 30 lakh units since its introduction in the Indian market.The company said in a statement on Friday, that it ...

After posting a  record sales in the month of August,TVS Motors have bettered itself by posting yet another record sales month.The company has registered total sales of 1,88,005 units in September, its highest ever in a single month, a rise of 31% percent year on year. ...

Auto major TVS today announced a 35 per cent increase in two-wheeler sales to 1,63,106 units in July, 2010, driven by a 54 per cent surge in exports.The company sold 1,20,944 two-wheeler units in July, 2009, it said in a statement."Cumulative two-wheeler sales for the period April to July, 2010, ...

Toyota Motor Corp is aiming to slash its car prices by 30 percent by 2013 through a new cost-cutting strategy to better compete against rivals such as Hyundai, a senior executive said.Toyota, until recently the world's fastest-growing carmaker, in under intense pressure to become more competitive as Volkswagen, Hyundai Motor ...

Twelve years since its entry into India, the 100% subsidiary of American car maker Ford Motor seems to have finally found a firm footing in the auto space.Ford India’s latest compact car launch ‘Figo’ has turned the heat on the auto turf with the company seeing a rapid pick-up in ...

Just eight cars, that's all that's keeping  Mercedes-Benz India, the maker of super-luxury cars, from reclaiming its title as number one deluxe car maker. The German player just reported first quarter numbers for 2010 and appears to be back on track with new model launches and a revamped image.Mercedes Benz's ...

Bajaj Auto, India's No.2 motorcycle maker, aims to boost sales by about 40 percent to 4 million vehicles in the fiscal year beginning April, powered by a 100cc bike it launched last year.The target was set at a board meeting on Wednesday, the company said in a statement on Thursday, ...