Indian automakers on top gear at 8th AutoExpo 2006
Tatra Vectra sings a songs of MoU with Russian Company: Tatra Vectra Motors Ltd, truck maker, signed an MoU recently with Russian automaker, Kamaz Inc to manufacture trucks and bus chassis for the Indian market and the products are likely to roll out from the plants late in this year. According to the release, the components would be manufactured at the company's Hosur Plant (Tamil Nadu region). This announcement was made by none other than Mr. Rakesh Jinsi, MD of Tatra Vectra Motors at teh AutoExpo in New Delhi, India. Tatra Trucks India Ltd was recently renamed as Tatra Vectra Motors Ltd which is part of the UK based Vectra Group.
Cars' roar: Indian domestic car manufacturers this have every reason to cheer. The cars sales have registered 8.8 per cent growth at 65,853 units (in December 2005) up from 60,521 units in the last year.
Expansion plan by Ashok Leyland: The heavy weight is showing its muscles. Ashok Leyland, the flagship of Hinduja Group of comapnies is reported to have plans to invest rs.550 crores to be pumped in during next two years to increase production as also to put up two new bus body and chassis assembly units in Dubai and UAE.
Two more models from Tata Motors : Indica V2 Xeta with extra fuel efficiency, torque advantage engine, and X--over a crossover concept car that will be positioned as a family car with the looks of a sports utility vehicle are being unveiled by Tata Motors.
And the fuel news from Castrol: The company has announced launch of its premium quality engine oil Castrol EDGE at the AutoExpo fair. The product would be made available at select markets. According the company's VP (mktg) Mr. Sudhanshu Vats, this product manages the damaging effects of the engine environment, controlling dirt, neutrilising acid and fighting oxidation thereby reducing wear and tear of engine parts.