Mahindra to Unveil New Reva in 11th Delhi Auto Expo

The Bangalore-based Reva Electric Car Co which was earlier aquired by Mahindra and Mahindra and renamed as Mahindra reva is known as leading petrol free electric car maker in India.

Company is working on the improvement and continuing with the same series it is going to unveil its improved version of New Reva a  four-seat, two-door hatchback .

This is fitted with powerful lithium-ion with a 150 kmph range coming and will come in 2 variants with a price of 4.9-5.4 lakh.

The company is also considering showcasing other models that include Reva NXR, and the REVA NXG (NeXt Generation).

BMW to Launch Mini in India during Delhi Auto Expo

German car maker BMW is all set to launch its small luxury car Mini cooper, in India Mini is likely be positioned against the Fiat 500 and the Volkswagen Beetle.

The price of the mini beauty is expected to be about Rs 25 lakh.

The company will be showcasing the Mini range of cars at the 2012 Delhi Auto ExpoIndia is among the few markets where BMW is yet to introduce its gem the Mini.

http://goindocal.com/business-%BB-auto-bmw-to-launch-mini-in-india-during-go-3389.htm

FIIs withdrew $4 billion from Indian stock market in 2011

Flagging off the Year 2012 on a liberalization note, the government of India has allowed Qualified Foreign Investors (QFIs) to directly invest in the Indian equity market.

The decision comes due to sustained outflow of FII investment from Indian equity market which has resulted in rupee volatility by depreciating Indian currency by 16% in 2011.

http://goindocal.com/business-%BB-market-fiis-withdrew-4-billion-from-indiago-3390.htm