Nissan has already tied the knot thrice. Who wants to be its fourth partner? Well, please don’t misunderstand. We are talking about Nissan’s partners to develop cars. The Japanese auto makers are looking for a partner in India yet another time. Nissan’s fourth-generation Micra will go on sale in May. Now, Nissan wants to develop a car positioned between this Micra and the ultra low cost car (ULC) which it is jointly producing with Bajaj Auto. Join discussion...

Toyota has finally planned to launch the diesel variant of the Corolla Altis. Currently Toyota car is being tested on Indian roads. The production of the Diesel Corolla Altis may begin by the end of this month. Toyota may launch the new car by April end or so. The new Corolla Altis may be equipped with a 2.0 litre diesel engine. Join discussion...

Europe’s biggest carmaker, Volkswagen, has reported an 80 per cent fall in annual net profits to 960m euros. Operating profits also fell, down 71 per cent from a year earlier to 1.9bn euros, while revenues fell 8 per cent to 105bn euros. Another German carmaker, BMW, also reported a sharp drop in profits for 2009, with net income down 36 per cent to 210m euros. Join discussion...

Bentley Motors, the British luxury carmaker unveiled its flagship grand tourer on Saturday. Bentley Motors launched the Rs 2.90-crore Mulsanne and announced plans to introduce two models priced over Rs. 1 crore to take care of the high-end super luxury car market in India. Join discussion...

Automobile major, Ford India, plans to launch more global products in the Indian market, a top company official said. “We are going to bring more global products into the Indian market. We will look at options for Indian customers’ needs out of our global stable,” Ford India’s Managing Director and President, Michael Boneham, told on Wednesday. Join discussion...

German luxury auto maker Audi is planning to beat rivals BMW and Mercedes to acquire the numero uno position in the Indian luxury car market in the next five years, tripling its sales in the country by then. “By 2015, we aim to become number 1 in India. We have told our team in India to work towards that aim. Join discussion...

Tata Motors’ parent Tata Sons and Citigroup’s Mauritius investment arm, which mainly operates through the PN route, were the top buyers in the 5.34% stake sold by Daimler in Tata Motors. Daimler in a media statement on Tuesday said that it is in an excellent position to capitalise on the growth potential of the Indian auto market. Join discussion...

Hyundai Motor India Ltd. (HMIL), the second largest car manufacturer and the largest passenger car exporter, in a bid to provide convenient finance options for its customers, signed a Memorandum of Understanding (MoU) with UCO Bank, one of the fastest growing nationalized banks in the country. The MoU was signed by Mr. Arvind Saxena, Director, Marketing and Sales, HMIL and Mr. S K Dey Purkayastha, General Manager, Retail Banking and Corporate Communication, UCO Bank on behalf of their respective organisation. Join discussion...

Mahindra and Mahindra, the maker of tractors and utility vehicles, whose foray into the car market in a joint venture with Renault has been marred by public spats over management control, has started calling back some of its top executives in the JV, a clear indication that the agreement with the French company could be nearing an end. Join discussion...

Car Manufacturer Honda Siel Cars India on Monday launched a select edition of Honda’s small car, the Honda Jazz. The new car has been priced at Rs 7.21 lakh (ex-showroom, Delhi). Honda Jazz was ruled to be the ‘Car of the Year’ and ‘Small Car of the Year’ at the NDTV Profit, Car India and Bike India Awards 2010. Join discussion...