Honda Confirms Plans to Unveil 100-cc Bike at Auto Expo

Honda Confirms Plans to Unveil 100-cc Bike at Auto ExpoHonda Motorcycles and Scooters India recently confirmed that the company is in "the final stage" of preparations to enter into the 100-cc segment of the country's two-wheeler market and will be unveiling its first ever 100-cc motor bike at the Auto Expo 2010.

In terms of volume, the 100-cc segment is the largest in the domestic Indian two-wheeler sector. Honda, which currently has a strong presence in the market's 125-cc segment with Shine and Stunner, and 150-cc segment with Unicorn, will be entering the aforementioned largest segment with a grand unveiling at the forthcoming Auto Expo 2010 in New Delhi. The plans have been confirmed by HMSI Vice-President and Operating Head-Purchase Anupam Mohindroo.

"We are going to launch a 100-cc vehicle. It will be a different model. The company would showcase the motorcycle in the Auto Expo 2010", said Mr. Mohindroo.

The company has confirmed that for the research and development of the upcoming vehicle, as well as other productions, Honda India has already invested nearly Rs. 1,000 during the last fiscal year. No other details have been shared yet.


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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.