Tata Motors launches Tiago Wizz

Tata Motors, India’s biggest auto maker by revenues, on Tuesday introduced a limited-edition of its successful compact hatchback Tiago and christened it Tiago Wizz to cash in on the festive season, and attract more buyers.

Usually, during the festive season, sales increase by about 20 per cent.

The Mumbai-based auto major with a turnaround strategy to revive its car business in a fiercely competitive market has added an accessory kit to make it look sportier.

BMW’s New Experience Tour

BMW, the second biggest German luxury carmaker in India, has expanded its driving experience for customers to lure new buyers.

This year, the brand has introduced the BMW Experience Tour in 14 cities, the BMW xDrive Experience in 12 cities and BMW M Performance Training in three cities.

Last weekend, BMW showcased its aspirational product portfolio at the brand’s two-day experience tour and BMW xDrive experience in Pune. The city was the first to host both the driving experiences together.

TomTom to manage smart cities’ traffic

TomTom, the listed Amsterdam-based biggie in making GPS navigation and digital mapping products, is eying $7 billion earmarked for the Modi government’s first 20 smart cities under construction in the country to sell its GPS navigation systems for efficient traffic management.

The Smart City Mission of the central government is banking on PPPs as the primary vehicle to raise money for construction 100 smart cities across Indian in phases.

GST cess hike: SUVs, luxury cars set to become dearer

Mid-size, large cars, SUVs and luxury cars will sharply rise in the range of Rs 79,000 to Rs 1.16 lakh as the Union government on Wednesday approved a hike in goods and services tax (GST) cess on such vehicles to 25 per cent from 15 per cent. The increase in cess comes just when sales of big and luxury vehicles have started picking up in Asia’s third biggest car market.

India a key market for Altair

Altair, the $350 million American simulation technology major, is eying India, the growing world’s fifth largest auto mart, to make it among Asia’s biggest markets. The company is focusing on Internet of Things (IOT), electric mobility, 3D printing and automation to grow its business in Asia’s third biggest economy. It is aggressively tapping automobile, aerospace and defence markets, among other businesses in the country.

Skoda unveils Monte Carlo

Czech car brand Skoda Auto on Tuesday introduced the Monte Carlo, a new edition of Rapid, priced at Rs 10.75 lakh to boost sales in Asia’s third biggest car market. The 2017 Skoda Rapid Monte Carlo is available in both petrol and diesel engine options. This special variant of the Rapid is based on the car sold abroad.

Tata Motors, Skoda call off partnership

Tata Motors, India’s biggest automobile maker by revenues, and German Volkswagen-controlled Skoda Auto have ended their strategic partnership in what can be described as one of the shortest ties in automotive history in the country. 

Both automobile majors, who are struggling to sell their cars in the fiercely competitive world’s fifth biggest car market, had declared their much talked about plans in March 2017 to work jointly on future products and technologies.

Bharat Forge announces 1:1 bonus, net up 43%

Bharat Forge, the world’s biggest forging company, which reported its net profit in the three months to June quarter rise by 43 per cent to Rs 175 crore due to higher income on Thursday, also announced 1:1 bonus issue. The net profit was higher than the Rs 159 crore estimate of analysts tracked by Bloomberg.

The Pune-based auto components maker had clocked a net profit of Rs 122.06 crore during the same period of the previous fiscal, Bharat Forge said in a BSE filing.