Rolls Royce’s Ghost to roll out in India in 2010

Rolls Royce, the Britain's super -luxury car manufacturer, has launched the ghost, its new premium saloon model. The company has planned to roll it out in the second Quarter of the next year in India.

The reports state that 'the ghost' is smaller and lighter by 190 kg as compared to the Phantom. The car has four doors and a 6.6 litre V12 engine, which accelerates to 100 kmph in less than five seconds.

In an interaction with the reporters, the General Manager of the Rolls-Royce Motor Car in South and East Asia-Pacific, Mr. Brenda Pek said, "India is going to be a key market for Ghost and we expect to sell 50-60 units of Ghost in 2010. And the cost of the car will vary according to the level of personalization a customer wants."

The company has sold 20 cars of the phantom family and has expected a sale of 18 more cars by the end of this year. For the new car, the company has plans to sell 75 units in India. For the global sale, company has a target of 2,500 units in this year.

Mr. Pek further said, "We will be producing around 2,500 cars in 2010. Out of the 2,500 cars, 25 per cent of production will be of the Phantom brand and remaining will be that of Ghost."


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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.