Posts Tagged ‘maruti suzuki’
Hyundai to unveil i10 Electric at Delhi Auto Expo 2010
As part of its initiative to promote eco-friendly and non-polluting means of transport, Hyundai Motor India already has a strong line-up of best-selling models with alternate fuel technology like: Santro CNG & LPG, Accent CNG & LPG and i10 CNG in India.
Delhi Auto Expo 2010 : Volkswagen
Volkswagen AG is fast becoming the world leader in the automotive industry. It has already become the largest producer surpassing Toyota. The company is now planning its aggressive marketing strategy in the Indian automobile market.
Maruti R III Concept MPV To Debut in India
After closely watching the success of the Toyota Innova, Maruti is planning to launch an MPV in India but in a segment below the Innova. The R III concept to be unveiled early next month at Auto Expo 2010 here is a compact MPV with three rows of seats.
Volkswagen, Suzuki plan small car for India
Germany’s Volkswagen and Suzuki Motor plan to develop a new small car that would cost between $4,300 and $5,400 for the Indian market, following this week’s tie-up between the firms, the Economic Times reported on Friday.
Suzuki is the parent of Maruti Suzuki, India’s leading passenger car maker, and the new car could replace the best-selling Alto model, the Indian firm’s chairman told the newspaper.
Volkswagen picks up 20% in Suzuki for $2.2 bn
Volkswagen AG, Europe’s largest car maker and Suzuki Motor Corporation, Japan’s third largest automaker have reached a common understanding to establish a comprehensive partnership, a release from the Japanese giant stated.
A framework agreement has been signed by representatives of both companies today.The companies plan a joint approach to the growing worldwide demand for environmentally friendly vehicles.
VW will purchase 19.9 per cent stake in Suzuki’s issued shares, while the Japanese major intends to invest up to one half of the amount received from VW into the shares of German carmaker.