20 August 2011;hindustantimes.com:Greater Noida: You can witness the first ever Indian Grand Prix on October 30 by shelling out a minimum of Rs 2,500 but be ready to spend Rs 35,000 if you want to have the best view of cars and drivers from the Main Grand Stand. The tickets for the race were made available online on Saturday through www.bookmyshow.com and within the first two hours close to 1,000 tickets were sold according to the organisers --Jaypee Sports International (JPSI). "We have tied up with bookmyshow.com for the online sale. Tickets will be sold in two phases and the first phase begins today. Tickets will be also be available at some outlets in metropolitan cities from the second phase," Sameer Gaur, the CEO and managing director of JPSI said while launching the ticket sale in the company of India's F1 drivers -- Narain Karthikeyan and Karun Chandhok. Fans can choose their preferred seat location while booking their tickets. The Rs 2,500 tickets are for the natural stand, which can accommodate 6,500 fans. Then comes the Picnic stand for which 8,000 fans will have to spend Rs 6,000 each. For 36,838 seated Classic stand, the ticket price is Rs 6,500. The two most expensive stands to watch the race are Premium Stand and the Main Grand Stand. While the price for premium stand is Rs 12,500 for each of the 10,230 seats, it's a whopping Rs 35,000 for the each of the 20,156 Grand Stand seats.
19 August 2011;deccanherald.com:Indore: Maruti Suzuki is planning a medium term invement of Rs 6,000 crore, part of which will be utilised to build five vehicle stock yards in the country within one to two years, a senior executive said. The company opened its first stock yard with a capacity to park 2,000 units in Bangalore, which became operational recently, Maruti Suzuki Chief General Manager (Marketing) Shanshank Srivastava told PTI. The second yard would come up in Nagpur, while the locations for the rest are yet to be decided, he said, adding Madhya Pradesh may houses one of them. Of the Rs 6,000-crore investment, Rs 1,800 was spent on the second manufacturing unit of the company at Manesar, near Delhi, which would be ready soon, Srivastava said. The third unit, which will also come up at Manesar, will attract an investment of Rs 1,900 crore. Remaining funds would be utilised on a R&D facility at Rohtak (Haryana), stock yards and brand centres, he said.
Delhi-Pauri highway remains closed for the third day
19 August 2011;timesofindia.indiatimes.com:MUZAFFARNAGAR: The Delhi-Pauri highway remained inaccessible for the third consecutive day on Friday due to overflow of the river Ganga at Beraj near Bijnore, officials said here. The highway, which is the main link between Uttar Pradesh and Uttarakhand, was closed as the water level of the river Ganga had risen above danger mark in several places in UP and overflowed, submerging several roads and bridges. Additional District Magistrate Ravinder Godbole said that the rescue operations are on and the people in affected areas were being moved to safer places. Villages affected by the floods include Mahrajnagar, Lalpur, Rehadwa, Majlistofirpur, Chohapur and Sitabpuri.
18 August 2011;dailypioneer.com:Rakesh Bihari Jha:New Delhi: Dwindling car sales due to high interest rates and rising fuel prices have forced carmakers to come up with products that would not only help revive demands in the car market but also raise sales volume of the carmaker. It is in this background that Honda Siel Cars on Thursday launched a new version of its premium hatchback Jazz at a much cheaper price of Rs 5.50 lakh to Rs 6.06 compared to earlier price of Rs 7.12 lakh and Rs 7.56 lakh. “It is a competitive market and competition is increasing day by day. Since 2009 we have been making an all out effort to improve supply chain and manufacturing efficiencies and increase localisation of components to reduce the cost of the vehicle. And now we have been able to cut prices of Jazz through various cost efficiency measures to address consumer demands in a very tough market,” said Honda Siel Cars India (HSCI) Senior Vice-President (Sales and Marketing) Jnaneswar Sen after launch of the new Jazz. Actually premium hatchback segment is very crowded and all products are priced aggressively and because of higher prices sales of older Jazz fell. Explaining the reasons behind slashing the prices of its new Jazz, Sen said: “We have set up the engine block and cylinder heads at our Tapukara plant in Rajasthan. The engine for Jazz and the upcoming small car Brio is the same, and we are expecting good sales volume for Brio. So, economies of scale has also played a role in passing on the benefit to Jazz customers.” The Jazz is powered by a 1.2-litre petrol engine and will give mileage of 16.7 km per litre as per the ARAI conditions. The localisation level of components in the new car stands at about 76 per cent, which is almost the same of the last model.
Air India allowed to take fuel on credit for 2-3 months
18 August 2011;dailypioneer.com:New Delhi: State run carrier Air India, which had been put on cash-and-carry mode by public sector oil companies since last December, received a major relief on Thursday as Petroleum Ministry decided to grant two to three months credit to the troubled airline for jet fuel instead of making daily payments. Air India owes more than Rs 2,000 crore to oil marketing companies and the carrier has been paying Rs 16.5 crore a day for lifting ATF for its day-to-day operations. The decision on providing fuel credit was taken by a Group of Ministers, headed by Finance Minister Pranab Mukherjee, which also reviewed the latest financial and operational performance of the ailing carrier, Civil Aviation Minister Vayalar Ravi told reporters here. “Instead of cash and carry, Air India will from now on make payments on the basis of this credit limit of two to three months,” Ravi said, adding, “So, the tension of making daily payments is now over”. The meeting was also attended by Petroleum Minister S Jaipal Reddy, Home Minister P Chidambaram, Deputy Chairman of Planning Commission Montek Singh Ahluwalia and Civil Aviation Secretary S Nasim Zaidi. It was the first meeting of the GoM which was attended by the newly appointed CMD of Air India Rohit Nandan.
Italian carmaker Fiat may make diesel engines for Maruti Suzuki's Swift, Ritz, DZiRE and SX4
18 August 2011;economictimes.indiatimes.com:Chanchal Pal Chauhan: NEW DELHI: Italian carmaker Fiat will make diesel engines for Maruti Suzuki's popular line-up of cars at its Ranjangaon plant. With 85% of Swift, Ritz, DZiRE and SX4 sold run on diesel, Maruti is now looking to source diesel engines from outside after its captive capacity has failed to meet rising domestic demand. Maruti already has a licensing pact to produce Fiat's 1.3 multi-jet diesel engines at its Manesar facility since 2007, which initially fired Swift and was later strapped on to DZiRE, Ritz and SX4 models. This engine was sourced directly by Maruti's parent Suzuki Motor Corp from Fiat Italy. Both companies are close to signing a supply agreement after Maruti carried out a technical feasibility study on Fiat's diesel engines a few months ago. Sources in both companies said some technical changes were likely before any Fiat engine could be strapped on to a Maruti car. "Some parts are different on Fiat's multi-jet engine that will need to be taken care of before we strap it on its cars," a senior Maruti executive said. Maruti chairman R C Bhargava said: "We need to do a lot of work before going for these engines. Besides technical changes to meet our needs, we need to homologate (technically certify) our cars again to be launched with any Fiat engine in India." Of the 280,000 diesel engines produced at Maruti's Manesar plant, about 45,000 are exported to Hungary, creating a domestic demand-supply gap. The carmaker is considering cutting exports to bridge the shortfall of about 120,000 engines. "We will cut diesel engine exports to Hungary in the next six months and divert the entire supply to the domestic market," Maruti Suzuki managing executive officer (marketing and sales) Mayank Pareek said.
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