Nokia in Tax Dispute with Indian Authorities

Finnish mobile handset manufacturer Nokia is in a dispute with the Indian tax authorities over a tax bill of Rs.2080 crore. The Finance Ministry's income tax department claims that Nokia has evaded taxes on software downloaded on the mobile handsets manufactured in Nokia's Sriperumbudur facility. Nokia has denied these claims. Oct 1, 2013

Ford India Recalls 1.66 Lakh Units of Figo, Classic

The Indian subsidiary of American auto major Ford Motor Company said it will recall 1,66,021 units of its best-selling compact cars - Figo and Classic, to fix the technical glitches in the rear twist beam (RTB) and power-assisted steering (PAS) hose. Sep 15, 2013

Ford EcoSport Continues to Outsell Renault Duster in India

Ford EcoSport,the new compact SUV from the US auto Major is game changer for the company. The SUV which is just a few months old in the Indian auto market has marked tremendous sales figures for the month of August, posing serious threat to its arch rival Renault Duster. Sep 7, 2013

Maruti Suzuki Registers Strong Sales in August

Maruti Suzuki, India's largest passenger car maker, registered a 61 percent jump in vehicle sales for the month of August, as against sales in the same period a year ago, reported PTI. Sep 2, 2013

Hyundai Grand i10 Bookings Begin as Launch Nears

Hyundai's all new Grand i10 is yet to make an entry in the Indian auto market. However, latest reports suggest that dealers across the country have started accepting bookings for the new vehicle with advance payment ranging between ₹25,000 to ₹ 50,000. Sep 2, 2013