TATA MOTORS’ ANNOUNCEMENT ON PRICE REDUCTION

Mumbai, December 10, 2008: Tata Motors had confirmed earlier that the company would pass on the benefit of the reduction in CENVAT to customers, for both passenger vehicles and commercial vehicles.
Effective December 8, the cut in prices are as follows:

PASSENGER VEHICLES
Passenger Cars (Indica and Indigo family): Between Rs. 12,000/- to Rs. 23,000/- depending on the model.
Utility Vehicles (Safari and Sumo family): Between Rs. 16000/- to Rs. 36000/-, depending on the model.
The new prices along with the Schemes as applicable are available at all Tata Motors outlets, across the country.

COMMERCIAL VEHICLES
Light Commercial Vehicles: Between Rs. 17,000/- to Rs. 23,000/-.

Medium &Heavy Commercial Vehicles: Between Rs. 30,000/- to Rs. 60,000/-.

Soruce: www.tatamotors.com

VW Defers Launch of Two Models

19/11/2008 New Delhi Business Standard
The launch of German auto major Volkswagens light commercial vehicles (LCV) the Craftar and the Caravalle, originally planned for the end of 2008, will be deferred to the middle of next year. The company attributes the delay to the slump in demand for commercial vehicles in the country since the beginning of the current year.

Were very careful of the segments wed target in the country. The overall slowdown in the automobile sector along with the prolonged market study we commissioned this year both have contributed to the delay in the launch of our LCVs, said a top executive of Volkswagen on the sidelines of the World Economic Forum.

The Craftar is a 3.5-tonne LCV sold as three variants bus, goods carrier and pick-ups in the European markets, while Caravelle is a 9-seater bus, which also doubles as a goods carrier. The company says no decision has been taken on the variants for India. Our plans for India is on track. Theres no slowdown in the construction of our manufacturing plant at Pune, says Joerg Mueller, president & MD of Volkswagen India. The group has invested about Rs 3,600 crore in the Chakkan facility in Pune alone.