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A near-total erosion in demand has forced Daewoo Motor India
Ltd. to discontinue regular production of its once-popular
mid-sizer Cielo. The car will now be produced only on demand.
Source: Times of India
| Maruti's
May sales up 21% |
India's largest carmaker, Maruti Udyog Ltd, said on saturday
the number of vehicles it sold in May rose 21 per cent to 31,140
vehicles from 25,798 sold in the same month last year. Maruti
sold 26,263 units in April. The company, in which the Indian
government and Japan's Suzuki Motor Corp each hold 50 per cent
equity, said its market share soared to 62 per cent in May from
50.3 per cent a year ago. "This sales performance, in an
overall sluggish market, enabled the company to achieve a sharp
growth in market share," it said (Reuters)
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| Kinetic
targets Rs 1,000-cr from 2-wheelers |
|
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Pune-based Kinetic Group has targeted to achieve an over 47
per cent growth in sales at Rs 1,150 crore in this fiscal
from its twin two-wheeler companies.
Kinetic Engineering Ltd. (KEL), the group's moped and motorcycle
venture, expects to generate an over 53 per cent rise at about
Rs 550 crore, while Kinetic Motor Company Ltd. (KMCL), the
ungeared scooter arm has set a sales target of Rs 600 crore
during 2001-02, a jump of about 42 per cent over the previous
fiscal
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