The brand contributes about 40 percent to VW group earnings.
Driving the car -- to be put on the road by 2016 -- in towns and cities, costs could be slashed by as much as 80 per cent as the vehicle will be running on air for four-fifths of the time, company researchers say.
While the carmaker still has another 300-odd acres to set up the proposed plant, state government officials said the government might sell the remaining land, too, if the demand came up in future.
Gujarat has caught the fancy of a large number of corporate heavyweights.
PSA Peugeot Citroen, France's largest car maker, has again revised its India launch plans, as it battles financial losses.
This new sedan that Peugeot has planned for developing markets, called the 301, takes a leaf right out the 309's book.
British co-driver Gareth Roberts was killed in Sicily on Saturday when his car crashed during a round of the Intercontinental Rally Challenge (IRC) series, organisers said.
Auto Expo 2012 is the venue for the launch of seven all-new automotive brands in India.
Indian vehicle manufacturers saw their market share of the total South African new vehicle market drop below one per cent in September, despite the month being a buoyant one for most manufacturers.
The model will be assembled at its 4,000-acre facility coming up at Sanand in Gujarat.
Only in the case of public infrastructure did the government facilitate purchase. Hence, Gujarat would not have to make much changes post the Bill," said C L Meena, revenue secretary.
Following the re-entry of French car maker PSA Peugeot Citroen, the erstwhile sleepy town -- already home to Tata Motors' manufacturing plant for small car Nano -- finds itself along the country's prominent auto hubs like Pune in Maharashtra and Sriperumbudur in Tamil Nadu.
The agreement was signed by Gujarat principal secretary Maheswar Sahu and PSA Peugeot vice-president (emerging market and India) Fredic Fabre in the presence of Gujarat Chief Minister Narendra Modi in Ahmedabad.
After auto makers, PSA Peugeot Citron and Ford, IT major Infosys Limited is vying for land in Gujarat. N R Narayana Murthy, chairman and chief mentor of the company, will meet Gujarat Chief Minister Narendra Modi on Tuesday to discuss setting up of a campus in the state.
This is the second acquisition abroad by Motherson Sumi within a little more than two years.
The company plans to establish project with an initial capacity of 300,000 units per year.
A senior delegation from PSA Peugeot Citroen, France's leading car producer, is expected to meet the Tamil Nadu government next week.
Company will take a call after Assembly polls.
Europe's second largest car-maker PSA Peugeot Citroen on Wednesday announced plans to re-enter the Indian market with a mid-sized sedan, ten years after it made an exit from the country.
PSA Peugeot Citroen, Europe's second-largest car producer, will soon take a final call on its India plans, as senior teams from the company hold talks with state governments for a manufacturing facility.
Government officials said the company was likely to invest about Rs 2,000 crore during the first phase of the project. In all, it could be Rs 7,000-10,000 crore.
A state government official said Peugeot officials surveyed two sites -one near Sri City in Chittoor district and another near Sitarampet in Ranga Reddy district.
India will beat China, North America and Europe to become the fastest growing automobile market.
Former world champion Kimi Raikkonen is unlikely to return to Formula One, he was quoted as saying on Saturday.
Take the rediff business and find out how much you know about cars.
The global alliance between Renault-Nissan and Daimler AG announced today is likely to add one more car to the list of small cars jostling for market share.
Some of these logos have a history and tell a story in their own special way.
The Telangana agitation over the Centre's decision to create a new state in the region has forced several companies, including Bharat Forge, the Lakshmi Mittal Group and the NTPC-BHEL joint venture, to either put their expansion plans on hold or explore other states.
Premier Ltd, formerly Premier Automobiles Ltd, on Wednesday re-entered into the passenger car segment with the launch of a compact sport utility vehicle.
The base variant of Rio will be priced at Rs 5 lakh (Rs 500,000), making it 30 per cent cheaper than its nearest competitor and the launch will take place this month after Diwali.
The court observed that it was giving Sapte the benefit of doubt as the prosecution had not been able to prove its case against the accused. On January 16, 1997, four alleged shooters of Chotta Rajan gang had pumped 18 bullets into Samant, leader of Kamgar Aghadi union, as he was leaving his residence in a jeep on Padmavati Road in Powai, northeast Mumbai.
Max Mosley backed former Ferrari boss Jean Todt as his ideal successor on Wednesday after ending speculation that he would seek a fifth term as head of motorsport's world governing body. The International Automobile Federation (FIA) president wrote to all member clubs saying he had received almost 100 messages of support from within the organisation but had decided to stand down anyway.
Philippe Varin, chief executive officer of steel maker Corus, will take over as the chairman of the managing board of French car maker PSA Peugeot Citroen from June this year.
Layoffs are turning out to be the flavour of the week, with European auto makers Peugeot, Citroen and Rolls Royce, British pharma giant AstraZeneca and American defence equipment manufacturer Boeing all set to slash nearly 7,000 jobs.
More than a decade after the iconic race car brand Jaguar was forced to pull out from the gruelling 24-hour Le Mans race, the new owner, the Rs 16,400-crore Tata Motors, is considering a plan to put the brand back on the racing track.
Japanese car maker Mitsubishi Motors Corporation has decided to manufacture its sports utility vehicle Outlander in India, through its Indian joint venture with Hindustan Motors, a C K Birla Group company. The Indian JV currently manufactures the Lancer range of sedans, sells Montero, a premium segment sedan, and imports completely built SUV Pajero. The company had earlier considered the option of importing Outlander as a fully-built unit for the Indian market.
The deal size ranges from $200 million to $300 million. The 27-year-old S P Metal Forgings has been a large exporter to Europe, the UK and Israel for over three years. It provides parts for BMW, Peugeot and Renault and also services the after-market and non-automotive companies.
From the bylanes of Ludhiana to the highways of international renown, 83-year-old Brijmohan Munjal is steady in his dedication towards his work.
Until 26 months ago, the laws governing cross-border joint ventures were loaded heavily in favour of the Indian partner.
Aiming to cash in on the growing demand for diesel cars, market leader Maruti Udyog on Wednesday launched two diesel variants of its premium hatchback 'Swift' and said it plans to launch two more models next fiscal.
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