THE proposed joint venture between Hero Group and UK's electric vehicle (EV) firm Ultra Motor for electric two-wheelers is off. The two have decided to part ways within a year of launching co-branded scooters and bikes in India. While the existing technical collaboration-cum-joint-marketing deal has been disbanded, the proposed 50:50 JV announced in October'07 has also been scrapped.

U.S. sales for each of the four largest automakers in the United States fell last month, prompting some executives to forecast a gloomy spring, a period that typically posts strong sales. General Motors and Toyota said they were optimistic about the benefits of declining interest rates and tax rebate checks that most Americans will get starting in May as part of the U.S. government's economic stimulus package. Executives at Ford Motor, however, said they did not think the industry had hit bottom yet.

Tesla Motorsplans to begin selling electriccars in Europe next year, taking advantage of the weak dollar. Ze'ev Drori, chief executive of the US start-up, told the Financial Times that Tesla would start selling the roadsters, which will be priced at just under

India's largest carmaker suffers 2 per cent decline in sales.

Days after the Fiat-Tata joint venture announced an investment of more than Rs 2,300 crore in the Ranjangaon plant in Maharashtra, Tata Motors and Mahindra & Mahindra have separately committed to inve

At Rs 1.92 lakh, Maruti is the cheapest small car now Nano, the Rs 1 lakh car, could expect some competition from Maruti's user car business, True Value.

As part of its long term strategy, Suzuki Motor Corporation (SMC) is considering moving out its small-car design centre to India. However, at present, no time line has been charted out.

From the common man's car to icons of the upper echelons of society, Tata Motors will now have a presence in all the segments, both in India and abroad.

Tata Motors has formed a team to look into ways of cutting the cost of its Rs 1 lakh car, Nano.