Rautaruukki is further expanding its offering of high strength steels with the launch of Optim 1500 QC, the world's strongest hot-rolled structural steel. Optim 1500 QC will be introduced at Intermat, the construction materials & production industry fair held in Paris, France on 20-25 April 2009. This ultra high-strength steel combines extreme strength and good wear-resistance, which makes it ideal for…

Bajaj Auto said that it expects an increase in the company's sales volume on account of better demand during the festive season. Mr Madhur Bajaj vice chairman of Bajaj Auto on the sidelines of a Federation of Automobile Dealers Associations function said that “We expect the credit market to improve and the upcoming festive season to contribute in improving our sales. However, the monsoon remains a factor…

Honda Siel Cars India a leading manufacturer of premium cars in India sold 5,794 units and registered an overwhelming 86.7% in the month of September 2009 as against 3,104 units sold during the corresponding month last year. Honda Siel in a statement said that the cumulative sales of the company during the fiscal year period April to September 2009 was 27,521 units as against 23,461 units sold during the…

PTI reported that domestic car sales showed their upward trend for the third consecutive month with April sales registering 4.20% growth after prolonged decline that started in the H2 of 2008. ccording to the Society of Indian Automobile Manufacturers, domestic passenger car sales in April went up to 1,02,899 units from 98,752 units in the same month last year, but it is too early to predict a recovery for…

BS reported that automobile component manufacturers of Kanpur are showing signs of comeback after recording consistent fall over the past two years. During the past three months, there has been a significant rise in orders. In fact, the demand has increased over three-fold. This increase is being attributed to the rise in demand for some of the models of Maruti for which a large number of local auto…

TATA Motors total sales of TATA commercial and passenger vehicles registered the growth of 6% to stand at 52,513 vehicles in September 2009 as against 49,647 vehicles sold in September 2008. The company’s domestic sales of TATA commercial and passenger vehicles for September 2009 were 49,650 numbers a 10% growth over 45,234 nos. sold in September last year. Cumulative sales for the company for the fiscal at…

It is reported that TVS Motor Company has posted 4% growth in September 2009 registering total two wheeler sales of 142,553 units against 137,246 units in the corresponding period of the previous year. With this, the company has achieved a cumulative sales growth of 5% for the period April to September 2009 and cumulative growth of 10% in domestic sales. Domestic sales of the company clocked 11% growth…

It is reported that, with the domestic auto market showing signs of recovery, Japanese carmaker Toyota will increase its vehicle production to full capacity in India in the next two months. The company, which operates in India through a joint venture with Kirloskar Group Toyota Kirloskar Motor had cut its production to 3,500 units a month in November. It will produce 3,800 units in May and gradually…

The Financial Express cited Mr Anand Sharma commerce and industry minister as saying that the worst for Indian exports, which are in the negative territory since October 2008 due to the global recession, seems to be over. The contraction in exports following recession in major markets in the US and Europe was 29.2% in May, while it was 33.2% and 33.3% in April and March, respectively. Mr Sharma said “The…

The ongoing global recession has hit the foundry industry hard as exports have dropped by 50 per cent. “Foundry industry has been affected by the recent global recession. Exports have dropped by 50 per cent (in weightage terms), this December-January period compared to the same period last year,'' said Mr R P Sehgal, President, Institute of Indian Foundrymen (IIF). “The slowdown has led to the shut down of…