News - Automotive

TVS Motor Company Q2 Revenue Grows 43% - PBT grows 181 %; PAT grows 123 %

Mumbai, Oct 21, 2010 (Washington Bangla Radio / pressreleasepoint) Profit before tax, during the quarter under review, grew at 181% from Rs. 24 crore recorded in September 2009 to Rs. 68 crore in the current quarter. Profit after tax grew by 123% from Rs. 25 crore in the previous comparable quarter to Rs.55 crore in the quarter under review.

A complete portfolio complemented by sales from new and existing products has led to a robust increase in TVS Motor Company’s domestic and export sales across all categories during the second quarter of the current fiscal. This has enabled the company to achieve a revenue growth of 43% during the quarter with sales revenue growing from Rs. 1130 crores in the quarter ended September 2009 to Rs.1616 crore in the quarter ended September 2010.

Canadian Brothers Successfully Finish their 18,000 KM Circumnavigation of China on BMW Motorcycles

Shanghai, China, October 19, 2010 (Washington Bangla Radio / PRWEB) On Sunday October 17th 2010 Canadian brothers Colin and Ryan Pyle, rolled into Shanghai, China after 65 days on the road circumnavigating China on their BMW F800GS motorcycles. Their journey was a unique one, as they have become the first riders to fully circumnavigate China by motorcycle in one single journey. During their remarkable 17,674km odyssey the brothers have encountered some of the most intense changes in culture, weather, altitude and terrain that exist in the world. They tackled heavy rains, flooding, landslides, freak hailstorms, extreme altitude (above 5000m/16,000ft), sand, gravel, thousands of kilometers of road construction and even bureaucratic / military interference.

General Motors India’s September 2010 Sales grow by 13% at 8617 units

New Delhi, Oct 15, 2010 (Washinton Bangla Radio / prurgent) General Motors India has registered an impressive growth of 13% in sales in September 2010, compared to the corresponding period last year. It sold 8617 units in September 2010 against 7654 units in September 2009.

The September 2010 sales comprised 2753 units of Chevrolet Beat, 2424 units of the Chevrolet Spark, 1578 units of the Chevrolet Tavera, 847 units of the Chevrolet Cruze, 325 Units of Chevrolet Aveo, 287 units of Chevrolet Aveo U-VA, 236 units of Chevrolet Optra and 167 units of the Chevrolet Captiva.

A.R. Rahman signs up as Toyota Brand Ambassador for Toyota Etios in India

Toyota Kirloskar Motor announced A R Rahman as its official brand ambassador for the Toyota Etios. The much-awaited Etios will be launched in December this year.

Toyota EtiosBangalore, October 15, 2010 (Washington Bangla Radio / prurgent) : Toyota Kirloskar Motor today announced – two-time Oscar award winner and musical genius – A R Rahman as its official brand ambassador for the Toyota Etios. The much-awaited Etios will be launched in December this year, and Rahman as the brand ambassador will endorse the products through various marketing campaigns of the company.

About roping in the music maestro as the face of the Etios campaign, Mr. Hiroshi Nakagawa, Managing Director, TKM, said: “We are extremely happy to sign on Mr. Rahman as the brand ambassador for the Etios. There is a very strong connect between the product and its brand ambassador, with both being, ‘Global’, ‘Innovative’, ‘Reliable’, and a ‘Class-above Quality’.

Road Transport in Viet Nam improvements expected with help from ADB

MANILA, PHILIPPINES, Oct 18, 2010 (Washington Bangla Radio) A $1 million technical assistance (TA) grant from the Asian Development Bank (ADB) will help to increase efficiency in road transport administration and attract investment in Viet Nam's rapidly expanding road transport network.

The grant, sourced from the Japan Fund for Poverty Reduction and funded by the Government of Japan, will provide the Ministry of Transport and its support agencies with guidelines to strengthen institutional and financial arrangements, operation and maintenance, and governance.