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Amtek Auto acquires Japan based Asahi Tec Corp

India Infoline News Service | Mumbai | April 27, 2015 20:44 IST

The acquired companies has various manufacturing facilities located in Japan, Thailand and China having long standing relationships with blue chip OEM.

Maruti surges 3%; beats street estimates on Q4 earnings

India Infoline News Service | Mumbai | April 27, 2015 15:51 IST

The company reported 60.5% surge in Q4 net profit at Rs. 1,284.24 crore, as against Rs. 800.05 crore on year-on-year basis.

Made in India FUSO Trucks launched in Trinidad and Tobago

India Infoline News Service | Mumbai | April 27, 2015 14:49 IST

Under the new Asia Business Model, the Trinidad and Tobago market is the first market in South America. The trucks will be sold through the exclusive dealer Diamond Motors an authorized local distributor in Trinidad and Tobago.

Rev up! Maruti Q4 profit surges 60%, net sales up by 14%

India Infoline News Service | Mumbai | April 27, 2015 13:33 IST

The company's total income has increased from Rs. 125080.10 mn for the quarter ended March 31, 2014 to Rs. 139447.40 million for the quarter ended March 31, 2015.

Nissan continues to expand its sales and service footprint in India

India Infoline News Service | Mumbai | April 25, 2015 08:52 IST

Nissan opened Surya Nissan, its 189th dealer outlet in India, continuing with its momentum to set up 300 sales and service touch points across the country by end of FY-2016.

High Speed Action at JK Tyre FMSCI Indian National Drag Racing Championship

India Infoline News Service | Mumbai | April 24, 2015 19:42 IST

Vinod S & Joel Joseph dominate in the four wheeler category & Javeed Khan & Rizwan Khan ruled in the 2-wheeler category.

Steel Strips cracks 2%; Q4 net profit surges

India Infoline News Service | Mumbai | April 24, 2015 16:04 IST

The company reported more than 179 percent surge in Q4 net profit at Rs. 11.91 crore as compared to Rs. 4.26 crore on a y-o-y basis.

Tata Bolt Ready, Steady, Bolt!

IIFL | Mumbai | April 24, 2015 13:49 IST

With the launch of the Bolt, Tata Motors has launched the sibling to the Zest, and is hoping that these two will help its comeback in the car market in India. While that remains an uphill task due to customer perception, at least today they have twin products that would be proud to showcase. Now, it is time to say: Ready, Steady, Bolt!'

Steel Strips zooms 5.2% after robust earnings

India Infoline News Service | Mumbai | April 24, 2015 12:38 IST

The company has reported more than 179 percent surge in Q4 net profit at Rs. 11.91 crore as compared to Rs. 4.26 crore on a y-o-y basis.

Steel Strips Wheels Q4 net profit at Rs. 11.9 crore

India Infoline News Service | Mumbai | April 24, 2015 12:23 IST

The company's Total Income stood at Rs. 294 crore Vs Rs. 302.7 crore (YoY).

Hero MotoCorp slips after multiple block deals

India Infoline News Service | Mumbai | April 24, 2015 10:06 IST

According to TV reports, 13.8 lakh shares have changed hands in a multiple block deals around Rs. 2,378-Rs. 2,395 on the NSE.

Volvo plans to invest Rs. 700 cr in India

India Infoline News Service | Mumbai | April 24, 2015 08:39 IST

Volvo is considering to invest in segments such as buses, trucks, construction equipment and financial services

Maruti to increase its market share further in FY16: IIFL Research

India Infoline News Service | Mumbai | April 23, 2015 21:33 IST

With the success of Ertiga and Ciaz, Maruti has also demonstrated the ability to gain market share in higher-ASP segments. Margins are likely to expand from current levels as demand growth would reduce discounts and bring in operating leverage.

2015 Audi TT launched in India at Rs. 60.34 lakh

India Infoline News Service | Mumbai | April 23, 2015 20:56 IST

The new generation TT is powered by a 2.0-litre turbocharged four cylinder engine that develops 230PS of power and 350Nm of torque. The TT employs a complex Quattro four wheel drive system that sends power via a six-speed dual clutch automatic gearbox to all four wheels.

JLR growth has been lacklustre but is well set to improve: IIFL

India Infoline News Service | Mumbai | April 23, 2015 20:30 IST

JLRs volume growth has been lacklustre over the past nine months (4% growth vs. 21% Cagr over FY11-14). This has been a result of weak demand for existing Jaguar cars, capacity constraints for Range Rover and Range Rover Sport, run-down of Freelander before launch of its replacement (Discovery Sport) and run-down of Evoque exports from UK to China before commencement of local production.

Maruti top pick, downgrade Bharat Forge: IIFL Research's View on auto sector

India Infoline News Service | Mumbai | April 23, 2015 20:22 IST

We cut FY16 volume growth assumptions across auto segments from 5-23% to 0-18%. We cut FY16/FY17 EPS estimates of auto companies by up to 9%. We maintain Maruti as our top pick in Autos, upgrade Tata Motors from ADD to BUY (acceleration in JLR volume growth), and downgrade Bharat Forge from BUY to REDUCE.

Amtek India to Issue NCDs upto Rs. 600 cr on Private Placement Basis

India Infoline News Service | Mumbai | April 23, 2015 18:20 IST

The stock has hit a high of Rs. 97 and a low of Rs. 94 on BSE today.

Hits a record! Suzuki recalls 2mn cars due to faulty ignition switch

India Infoline News Service | Mumbai | April 23, 2015 16:46 IST

Suzuki Motor Corp has made a record of sorts in recalling vehicle as it recalled about 2 million cars, including the WagonR and Swift models to make replacement of ignition switch after receiving reports of fumes being released from the faulty component.

MRF Q2 net profit at Rs.333 Crore...stock ends 3% higher

India Infoline News Service | Mumbai | April 23, 2015 16:08 IST

Total Income has increased from Rs. 33096.60 million for the quarter ended March 31, 2014 to Rs. 33327.70 million for the quarter ended March 31, 2015.

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