Aston Martin plans to sell Sports Cars in India

Submitted by Sunil Kashyap on Sun, 02/07/2010 - 00:15

Aston Martin plans to sell Sports Cars in IndiaAston Martin Lagonda Ltd, a luxury sports car maker based in Britain has been looking for the Indian market for pushing its growth story. Speaking from Aston Martin's headquarters in Warwickshire, a company spokesperson, confirmed, "We are actively looking at the Indian market."

It is, however, to be decided about the models the company plans to launch in India. The company is also learnt to be in discussions with dealers but no final choice has been made yet.

India remained a favorite destination for various luxury cars given to its financially strong upper class and better economic prospectus. Auto companies performed well in the Indian market despite slowdown as sales of BMW India Pvt. Ltd and Audi India reported an increase of 28 per cent and 61 per cent respectively selling 2,627 units and 977 units respectively.

Deepesh Rathore, Managing Director with business analysts IHS Global Insight said, "The luxury car market is tilted to fresh arrivals as the buyer in this segment is always looking for exclusivity. Hence there will always be potential for a new player entering the market."


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Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Owner of Energy giant Reliance Industries, Mukesh Ambani has put in an extra 0.68% in EIH Ltd. With this, his total stake in the hotel chain has increased to 14.8%. In a filing to the Bombay Stock Exchange, EIH said that the shares were purchased from the market on Tuesday.

Shares of Reliance surged 0.3% at Rs. 939.3 in proportion to the Mumbai market at 1.26pm, while EIH shares witnessed a 4.5% rise at Rs. 150.2.

On Monday, Reliance was quoted saying that it is widening its horizon and has procured 14.12% stake in EIH for a sum of $217.5 million.

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

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Last month, 2,89,176 two wheelers were sold by Bajaj Auto, a big surge than 1,82,441 units, which were sold in August 2009. The Company’s cumulative sales of two wheelers for the time frame between April and August 2010 increased by 68% and were recorded at 1,397,348 units. The number was high from 833,235 units that were retailed during the same period last year.

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