Tata Motors Reveals Plans of Producing Nano's Hybrid Version

nanoTata Motors' Nano is already a celebrity, having been designated that world's cheapest car, and something which is not a bad deal at all for the price it comes at. But now the company wants to take its popularity a step further by making it go all green and environment friendly.

Chairman of Tata Group and Tata Motors, India's biggest automobile manufacturer, Ratan Tata, recently revealed the company's plans of producing a hybrid version of the Nano, while on a visit to South Korea.

Hybrid vehicles, which mostly use two or more different sources to power it, usually petrol or diesel and a battery pack, are much more environment friendly as compared to their counterparts which are powered by a single source.

No other concrete details were provided by Mr. Tata on the production and release of the hybrid Nano, but he did say that "low-priced goods would drive sales faster than high-end ones in India", while predicting a price revolution that would continue to spread throughout the world in the wake of the recent financial crisis.

The Nano first hit the Indian markets in July this year, and has been a definite attention grabber with its basic model priced at just Rs. 100,000 ($2,155; £1,306).


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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.