Drive the New Prado Diesel in India

Toyota-logoToyota Kirloskar Motor comes to India with its new diesel Prado Landcruiser, the popular Sports Utility Vehicle from the house of the giant manufacturer of automobiles. This new SUV is ready to race with other SUVs in market that are Mitsubishi Montero, Audi Q5, BMW X3 and the Land Rover Freelander 2.

The company has very high expectations from this modern SUV, which boasts about 10% market share, currently.

Prado has sold over 1.56 million units in over 170 countries so far and the customer response in India since its launch in 2004 has exceeded expectations, according to Hiroshi Nagakawa, Managing Director TKM.

Some changes which are done in the earlier model is a 3.0 litre diesel engine with Kinetic Dynamic Suspension System for driving stability at city and highway speeds. Among other features making the car exceptional are 3 zone automatic climate control, multi-information display and DAC (Down-hill Assist Control) and VSC (Vehicle Stability Control).

This 7-seater SUV is a new sensation available for Rs. 52.74 lakh ex-showroom, Bangalore and Rs 52.4 lakh, ex-showroom in New Delhi.


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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

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

On Thursday, Bajaj Auto posted a 55% increase in its sales of vehicles. In the month of August, the Company recorded sales of 3,29,364 vehicles, compared to 2,13,072 units in the same month the year before.

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.