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Mumbai: Two- and three-wheeler maker Bajaj Auto Wednesday reported a marginal increase of one percent in net profit for the first quarter of the current fiscal. The net profit stood at Rs.718 crore from Rs.711 crore in the corresponding quarter of 2011-12. The company reported a four percent growth in turnover for the period under review at Rs.5,048 crore from Rs.4,850 crore in the first quarter of last fiscal. The company's exports revenue grew three percent at

New Delhi : Automobile major Mercedes-Benz India on Tuesday said it maintained its growth trajectory in India, with 10pc growth in June. Debashis Mitra, Director Sales and Marketing, Mercedes-Benz India explains: "We are proud that the first 100 units of New M Class (Edition 1) costing over Rs 68 lakhs were sold within few days of the launch." "We have sold 175 units of M-Class in the first month proving that our strategy to offer products loaded with feature

New Delhi : Mahindra and Mahindra Ltd, a part of 15.4 billion dollar Mahindra Group,  launched its international range of utility vehicles and pick-ups for the Kenyan market. This included XUV500 SUV, the Scorpio SUV and Pick Up range, the Genio Pick-Up and the Maxximo mini-truck. The company has appointed Simba Corporation as the sole dealer for Mahindra vehicles in Kenya. The company said the Mahindra Group has a "strategic intent and focus" for the

Hyundai Motor India Ltd (HMIL), the country's second largest car manufacturer and the largest passenger car exporter, in an attempt to enhance its customer relationship announced its Online Service website. A online service will be in available to all the Hyundai car owners. The micro site will be available on Hyundai's corporate website. On the launch of the service website Arvind Saxena Director, Sales and Marketing, HMIL said, "We feel proud to introduce fir

Bangalore: Toyota Financial Services, a wholly-owned subsidiary of Japanese automobile giant Toyota Motor Corporation, launched its services in India. Headquartered in Bangalore, Toyota Financial Services India (TFSIN), will provide auto finance for Toyota vehicle buyers, according to a release here. Toyota Financial Services began its operations in Australia in 1982, has a global footprint in 33 countries and enters India with an investment of Rs 2,600 Mn. TFSIN's core

Mumbai: Mahindra and Mahindra Ltd. (M and M), India’s leading SUV manufacturer announced that it will open bookings for its cheetah-inspired XUV500 from June 8. With this announcement, the XUV500 will now be available across India including the existing 19 cities where it had been launched earlier. In the second phase of bookings, the XUV500 was made available in 19 cities across India and had received an overwhelming 25000+ booking applications from customers.