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Old Fuel prices: Feb 27, 2010 new prices will be updated soon
Ford launches Figo in City
12 March 2010;deccanherald.com:Bangalore:Ford India, on Thursday, launched petrol and diesel versions of its first compact car Figo in Bangalore. While the petrol version is priced in the range of Rs 3.49 lakh and Rs 4.42 lakh (exshowroom Bangalore), the diesel version is priced between Rs 4.47 lakh and Rs 5.30 lakh. Briefing reporers, company Executive Director, Marketing, Sales & Service Nigel E Wark said “We have competitively priced all four variants of the car. Figo offer more features, interior space, technology and durability than other vehicles at this price range in the segment.” The petrol version of the car will have a four-cylinder 1.2 litre, 16 valve Duratec engine that will give a maximum power of 71 PS at 6,250 rpm and maximum torque of 102 nm at 4,000 rpm. This, Ford claims, will have fuel economy of 15.6 km a litre under optimum driving conditions. Figo will also have a more powerful 1.4 litre Duratorq diesel engine that works on Ford’s own CRDi (common rail direct injection) technology. This engine produces maximum power of 69 ps at 4,000 rpm and maximum torque of 160 nm at 2,000 rpm. Ford claims the diesel Figo will give a fuel economy of 20 km per litre on ideal driving conditions. The car also comes with unique features like speed sensing volume control of the audio system, distance-to-empty indicator, lane changing indicator with one flick and a warning system when car goes for rapid deceleration at high speed. The top-end variant –– Figo Titanium –– will have dual front air bag and antilock braking system (ABS). Despite being compact in size, Figo has a fairly large boot space (284 litre) and can seat five persons. Its exterior styling follows Ford’s global kinetic design elements that harmonise Figo with other models in the Ford global line-up including Focus and Mondeo. Though Figo has been specially developed for the Indian market and is being manufactured in Ford India’s Chennai plant, the company will start exporting it to the European market by the end of current year.
12 March 2010;dailypioneer.com:New Delhi:Country’s largest two wheeler maker Hero Honda on Thursday said it is conducting a feasibility study in 10 states to find the best suitable location for its fourth manufacturing facility and the decision will be taken in the next six months. “There would be at least 10 states we would be looking at, at this moment. We are looking at the whole country as a clean slate,” Hero Honda Managing Director Pawan Munjal told reporters on the sidelines of Hero Groups Mindmine Summit here. When asked about his meeting with the Karnataka Chief Minister for setting up the plant in the state, he said, “Yes we met the Karnataka Chief Minister...I thought they were very open for us to go to the state. It was just a request from the Chief Minister to have breakfast with him, so we did.” The company is also considering Rajasthan for the proposed plant, for which the state government had earlier promised to allot land but is now facing protest from the locals. Talking about the plant, Munjal said, “the feasibility study would come up with capacity, investment, models and the location. It is going to take us six months to take the final call.”
12 March 2010;hindustantimes.com:Frankfurt:German luxury car maker BMW on Thursday reported a 36.4 percent drop in 2009 net profit to 210 million euros (287 million dollars). A company statement added however that sales by the world's leading luxury auto manufacturer were expected to increase this year by 50,000 vehicles to 1.3 million.
No plans to sell stake in ONGC, IOC: Petroleum Secretary
11 March 2010;deccanherald.com:New Delhi:The government is not considering selling equity in Indian Oil Corp (IOC) and Oil and Natural Gas Corp (ONGC), Petroleum Secretary S Sundareshan said on Wednesday. Both IOC and ONGC are not in favour of raising money through equity route as valuations are being impacted due to uncertain fuel pricing policy. Also, market conditions were not right for FPOs. "(These are) not the correct market time for FPOs," he said.