Mahindra finishes SsangYong deal

     Mahindra & Mahindra has complete the process of acquisition a majority stake in the SsangYong Motor Company of Japan. Mahindra had bidded for the troubled Korean carmaker in August last year. Mahindra is planning to launch SsangYong Motors vehicles later this year.

     Speaking on the occasion, Pawan Goenka, President of Mahindra & Mahindra said,” “This is a landmark day for all of us at Mahindra as it marks the beginning of what I am sure will be an enduring partnership with SsangYong Motor Company. He further added, “I would like to thank all the employees of SsangYong as well as the company’s creditors for the help and cooperation extended to us during this long process.”

     Mr. Goenka also stressed that SsangYong Motors will function as an independently run Korean company with largely Koreans on the management board.’ Made in Korea’ tag for SsangYong vehicle will stay. Mr. Yoo-il Lee has been appointed as CEO of SsangYong Motors and Dilip Sundaram as the CFO.

Mercedes Benz E Class Special Edition launched in India

     Mercedes Benz has launched a Special Edition of its E Class sedan in India to commemorate 125 years of the company. The Special Edition E Class gets Vario bag, Rear entertainment system and Illuminated door sill panel as extra features.

     Only 125 of these Special Edition E Class will be made and available on The E Class E200 CGI BlueEFFECIENY AND e250 CDI BlueEFFECIENCY. The Specail Edition E Class is priced at Rs. 39,70,000/- for E200 CGI and Rs. 41,55,639/- for E250 CGI.
 

Hindustan Motors launches new Ambassador Grand at Rs. 7.03 lakh

     India’s older car maker Hindustan Motors has launched new Ambassador Grand priced at Rs. 7.03 lakh (On road Bangalore). The Ambassador Grand is BS4 complaint and provides unmatched space and comfort.


     The Ambassador Grand is powered by a OHC MPFI 1817 cc petrol engine with power of 71 Bhp @ 4800 rpm and torque of 13.7 Kgm @ 2250 rpm. Transmission is through 5 speed manual synchromesh gear box and dry disc clutch type with 215 mm clutch diameter.

The new Ambassador Grand has following special features


• New headlights
• Wheel hub cover
• Smoother door handles
• New tail lights
• Power windows
• Power steering
• State of the art music system
• Charger for your multimedia devices
• More space
• Digital trip meter


     Power steering is optional with 5.4 meter turning radius. The new Ambassador Grand gets Independent suspension with torsion bar springs and anti-roll bar with hydraulic telescopic double acting shock absorbers at the front and Semi elliptical leaf springs with hydraulic telescopic double acting shock absorbers and metallic bushes at the rear.


     The car measures 4325 mm in length, 1662 mm in width, 1593 mm in height. It has wheel base at 2464 mm and ground clearance of 152 mm.. Braking is through Servo assisted front disc and auto adjuster drum at rear. The car rides on 4J x 15 wheel wrapped with 165 / 58 R 15 (Radial) and 165 R-15 tyres


     The new Ambassador comes with 50,000 Kms or 1 year warranty. Seven different colour shades are on offer - Jet Black, Lunar Silver, Fire Brick Red, Oyster Blue, Ecru Beige and Crystal White.

Tata Nano now sold in Big Bazaar

     Tata Motors has struck an agreement with Future Group to sell the Nano car across its consumer retail network. This is the first initiative by any car company in India. The Tie-up is a win-win situation for both Tata Motors and Future Group. Tata Motors will be benefited by sales as well as brand building and Future Group will explore the business of auto sales from its outlets.

     The Nano will be displayed at 120 outlets of Big Bazaar and the customers who book the car here will get gifts such as gold coins and vouchers worth Rs. 1500.


     Tata Nano sales had declined in November but has picked up since December 2010. The company sold 8000 odd units in February making into top 10 cars in terms of sales.

Discounts on Honda cars in India this March

     Honda Cars India is giving attractive discounts on its range of cars. The company is giving Finance offer, Retail offer and Special corporate offers on its cars. The offer is valid till 31st March 2011.

     In the Finance offer, there is attractive finance scheme on purchase of Honda cars. In Retail offer Jazz has discount of Rs. 55,000/-, Accord has Rs. 1,00,000/- off and the City and Civic has some attractive offers. In the Special corporate offer Jazz gets Rs. 18,000/- discount and City, Civic and Accord gets Rs. 20,000/-, Rs. 25,000/- and Rs. 30,000/- off respectively.

TVS Motors to relaunch electric scooters by 2011 end

     South Indian two wheeler manufacturer TVS Motors has said the company will re-enter the electric scooter segment by the end of this year. The company is currently testing 50 electric scooters in different cities.

     TVS Motor Company President (Marketing) H S Goindi said "We are working on introducing electric scooters and these are being experimented for the launch. By some time next fiscal, it will come (to the market)."

Car discounts in India for March 2011

Many car companies are giving huge discounts on their cars in India to boost sales. Here are list of car discounts this March:

• 2011 Maruti WagonR: Discount INR 35,000
• 2011 Maruti Ritz: Cash Discount INR 21,000 plus INR 12,000 exchange discount
• 2011 Maruti Suzuki SX4 Petrol: Discount INR 40,000
• 2011 Mahindra Logan: Discount INR 21.000
• 2011 Chevrolet Aveo 1.4 and 1.6: Discount INR 30,000
• 2011 Tata Indica Vista: Discount INR 10,000 plus free insurance worth INR 17,000
• 2011 Tata Sumo Grande: Discount INR 10,000
• 2011 Volkswagen Jetta: Discount INR 60,000 plus free navigation system/cash discount of INR 15,000
• 2011 Honda Accord: Discount INR 75,000
• 2011 All New Honda City: Insurance at rupee 1
• 2011 Honda Civic: INR 20,000 Exchange Bonus
• 2011 Honda Jazz: INR 55,000
• 2011 Hyundai 110: Discount INR 20,000
• 2011 Hyundai i20: Discount INR 25,000
• 2011 Hyundai Verna Transform: INR 45,000

Source: Moto Buzz