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Hyundai Motor India Ltd the country’s second largest passenger car manufacturer and the largest exporter today achieved yet another key milestone in its decade old journey in India by clocking the fastest three lakh i10 sales since its launch on 31st October, 2007.
Of the three lakh i10 cars sold, over 1.44 lakh cars have [...]

Hyundai Motor India Ltd ( HMIL), the second largest car manufacturer and the largest passenger car exporter, in a bid to enhance financing options for its customers, signed a Memorandum of Understanding (MOU) with Bank of India, a major public sector bank.
Under the MOU, Bank of India, a premier nationalized bank, will be financing [...]

Skoda India, part of Germany- based Volkswagen group, is planning to launch a new small car, which would be priced below its entry-level model Fabia, in the country in the coming years.
The company has been saying it would introduce the new car and it would be priced below Fabia, the range for which starts [...]

Tata Motors has entered into an understanding with Bank of India for financing its range of passengers cars.
Bank of India offers car loans up to 90 per cent of invoice, for loans up to Rs 10 lakh for tenure ranging up to six years at a very competitive rate of 10.25 per cent to [...]

The booking amount for the Nano will be Rs 70,000, reveal banks with which Tata Motors is in talks to finalise arrangements to finance customers. The initial payment has been deliberately kept high to discourage the black market.
State Bank of India (SBI) will be the sole booking agent. All prospective customers have to pay [...]

Union Bank of India and Punjab National Bank on Saturday announced cuts in interest rates on car loans and home loans with effect from March 1.
Union Bank of India cut the interest rates on new car loans by 125-150 basis points and on home loans by 25-200 basis points.
PNB cut the interest rates on [...]

The much awaited Rs 1 lakh Nano car from Tata Motors would be launched on March 23.
The launch would happen at a function to be held in Mumbai.
Nano will be on display at the Tata Motors dealerships from first week of April and bookings would start from second week of April, the company said [...]

After cutting its home loan rate by almost 3 percentage points to 8%, the country’s biggest bank, State Bank of India has cut its car loan rate also by 1.5 percentage points to 10% under the floating interest rate scheme.
The reduction in the car loan rate should act as a major boost to the [...]

The new Honda City was awarded the Indian Car of the Year (ICOTY) 2009 while the Yamaha YZF-R15 was chosen the Indian Motorcycle of the Year (IMOTY) 2009.
The awards were presented by R P Singhania, vice chairman and managing director, JK Tyre Industries, to the senior managements of Honda Siel Cars India led by [...]