J.P. Morgan downgrades Maruti Suzuki (MRTI.NS) to "underweight" from "neutral" and cut its target price to 1,510 rupees from 1,750 rupees, citing muted passenger car demand in India and increasing co

Hit by a demand slump, Toyota Kirloskar Motor has stopped production of its all petrol cars, while others like Fiat are considering shutting down plants for a few days next month.

Auto components major Bosch on Monday reported 22.39 per cent increase in net profit at Rs 335.82 crore for the quarter ended March 31.

Bosch had posted net profit of Rs 274.39 crore in the January-M

Auto-maker Mahindra & Mahindra on Tuesday reported 27 per cent jump in sales at 40,719 units for April, 2012.

The company had sold 32,090 units in the same month last year, M&M said in a statement.

Maruti Suzuki, India's top carmaker, posted a wider-than-expected 60 percent fall in its quarterly profit, hit by a labour unrest and rising interest rates and vehicle costs that have hurt demand in A

Automobile major Mahindra & Mahindra Thursday launched its premium sports utility vehicle (SUV) - XUV500 - with an introductory price ranging from Rs.10.8 lakh to Rs.12.88 lakh (ex-showroom price Delh

Japanese automobile major Toyota's Indian subsidiary on Thursday launched two new variants of its luxury sedan Corolla Altis which are powered by petrol and diesel engines.

"The new Corolla Altis is

units in the same month last year.

The company sold 5,889 units of Polo and Vento in May 2011 and 184 units of Passat with BlueMotion Technologies.

During January-May 2011, the company sold 33,95

ear.

Although the company has not specified anything about the forthcoming variant, it is widely speculated that a diesel version of the car is in the offing.

In a presentation, the company said it

Boosted by an exceptional gain of Rs.827 crore, Bajaj Auto Wednesday reported
an increase of 163 percent in its net profit for the fourth quarter of last fiscal year at Rs.1,400 crore.

Bajaj Auto in