business

Nissan to Increase Prices of Micra and Sunny

by Paul Joseph January 23, 2012 Featured

Nissan India is all set to increase the prices of its bestselling models- the Micra and Sunny, effective from January 20, 2012. Based on the model, the hikes can go up to 2.09% and while the variants of the Micra Diesel have risen by Rs 3000, the diesel variants will be an additional Rs 20,000. The Sunny will also witness a price hike with the petrol variants becoming costlier by Rs 5000 but the diesel variants remain unchanged. Commenting on the price hike Managing Director of Nissan Motor India, Kiminobu Tokuyama, said, “The rising input costs and depreciating rupee have left us with no option but to revisit the prices of our models in order to maintain our business momentum. We have kept in mind the customer interest and attempted a very marginal hike. We are sure that our valued customers will appreciate our efforts to give them the global quality products at affordable prices.” Despite the change in prices the diesel variant of Sunny will remain unaffected owing to the strong demand. Sunny is a very stylish, roomy sedan that racks up the highest sales figures in Nissan India’s model line-up. Since its launch in September 2011, until December, the brand has sold 3,663 units. Nissan is expecting the diesel Sunny to sell in considerable numbers and hence has deferred a price hike. In the recent past, there have been reports of price hikes in the auto industry. Maruti Suzuki and General Motors will also announce a hike in prices which affirms that the other auto manufacturers will soon follow suit. Auto price hikes is definitely on the cards and how it will affect the consumer, time will tell.

Tagged as: business, consumer, gifts, india, models

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SBI to hike car loan interest rate by 0.5 percent

by Paul Joseph January 16, 2012 Featured

In order to bring its car loan interest rates in line with its competing banks, the country and rsquo;s largest PSU (Public Sector Undertaking) bank SBI (State Bank of India) has decided to increase interest rates by 50 basis points. While the quantum of …read more

Tagged as: business, car, electronics, finance, india, security

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Maruti to complete land acquisition in Gujarat for new plant by Jan 2012

by Paul Joseph December 12, 2011 Featured

The Indian auto giant Maruti Suzuki is in the final stage of acquiring land in Gujarat for its new manufacturing plant. According to the company, the acquisition process for the plant will be completed in a month and rsquo;s time. However, Maruti Suzuki …read more

Tagged as: bikes, business, careers, construction, india, indian, manufacturing

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Mahindra and Mahindras to establish new assembly plant in Southeast Asian region

by Paul Joseph December 12, 2011 Featured

The India based utility vehicle giant Mahindra and amp; Mahindra, which is rapidly expanding its foot prints in the global market, is planning to set-up an assembly plant in the Southeast Asian region. The company is now planning to assemble its portfol …read more

Tagged as: asian, automotive, brazilian, business, markets, utility

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Triumph Motorcycles unwrap its 2012 product line for India

by Paul Joseph December 3, 2011 Featured

Keeping its words of entering the Indian market soon, Triumph Motorcycles, the legendary British motorcycles manufacturer has confirmed that it would bring the 2012 line-up to India in the coming time. Triumph Motorcycles will arrive in the country w …read more

Tagged as: bikes, british, business, classics, models, modern

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BMW launches used car business BMW Premium Selection in India

by Paul Joseph November 25, 2011 Featured

The country and rsquo;s largest luxury car seller BMW India has launched its used car business in the Indian market. The new BMW pre-owned car initiative will enable the customers in India to own a BMW product at as low as Rs 16 lakh. The BMW Premium Sel …read more

Tagged as: accounting, article, business, car, president

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Launch of ABP Shopping Online Exhilarates Bengali Readers

by Paul Joseph November 18, 2011 Featured

Infibeam powers the official online shopping store of ABP, bringing in a wide range of literary work especially in Bengali language, making it available all across the country. It is a very unique initiative, bringing a large set of unique selection of Bengali books online. Commenting on powering ABP shopping, Mr. Sachin Oswal, Co-Founder and COO, Infibeam.com said, Getting ABP online is a significant milestone for the e-commerce industry in India as it specifically caters to making that genre of literature available which is not easy to find and procure. Their conviction strengthens the prevalence & authority of the platform we have built”. Mr. Kaushik Banerjee. Vice President at ABP & ABP Digital commented saying “One of our focus areas and strength for the time to come is going to be on our E- commerce initiatives in order to get consumed in our digital bouquet. We are happy to partner with Infibeam to make a large set of unique selection of Bengali books just a click away for our valued customers” Mr. Sachin Vashishta Head, Business Development, Sales & ECom, ABP Digital, commented saying, “We chose Infibeam.com for it being the biggest player in e-Retailing; banking on their vast experience in online shopping for the past 4 years with the largest selection of books. They have provided a great platform and we look forward to growing this line of business.” Infibeam plans to add on more languages and range of books on the platform and make maximum authors, publications and genres of literature available on the site. Infibeam successfully runs Crossword (http://www.crossword.in/) and is a host to many other bookstores on its e-commerce platform. http://shopping.anandabazar.com/Books/ ###

Tagged as: business, digital, georgia, models, president, shopping

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Mahindra and Mahindra joins hands with US-based Telephonics

by Paul Joseph November 18, 2011 Featured

In a bid to provide the surveillance and communication devices to the Indian defense sector, the Indian auto giant Mahindra and amp; Mahindra has joined hands with the US-based Telephonics, which is a unit of the US based diversified Griffon Corporation …read more

Tagged as: business, careers, investment, surveillance, traffic

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Mahindra and Mahindra to join hands with Yamaha in Two wheeler segment

by Paul Joseph November 17, 2011 Featured

Mahindra and amp; Mahindra, one of the largest auto manufacturers in the Indian market, is all set to join hands with Japanese automobile manufacturer Yamaha in the two-wheeler segment of India. The move has been seen as M and amp;M and rsquo;s bid to mark an a …read more

Tagged as: auto, business, india, indian, insurance, investment, japanese

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The future of Maruti-Fiat diesel engine agreement rests with Tata

by Paul Joseph November 12, 2011 Featured

As Maruti Suzuki India Ltd plans to buy diesel engines from Fiat, going into the details of it, one realises that Tata Motors has a key role to play as the home grown car maker giant owns half of the equity in Fiat India. MSIL, India and rsquo;s biggest …read more

Tagged as: automobiles, business, careers, india, insurance, models

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