Saturday, November 1st, 2008
For the quarter ended 30th September 2008, ONGC has reported a 6% drop in its net profit, and a 13% increase in sales revenue over the corresponding period last year. Apart from the surge in global crude prices and weakening of the Rupee, ONGC’s performance also suffered from the excessive subsidy burden that it had to shoulder, to partially cushion the impact of revenue loss suffered by public sector oil marketing companies.
ONGC gives discounts to oil PSUs on crude sale and the subsidy discount increased more than three times during the quarter, to Rs 12,663 crore. ‘But for the discounts, ONGC’s net profit would have been higher by Rs 7,066 crore,’ says RS Sharma, Chairman and Managing Director, ONGC. ‘I am in a dilemma when addressing the issue of subsidy to investors. As per my understanding, there has been no subsidy sharing mechanism followed for the second quarter. The ad hoc subsidy sharing mechanism has to be done away with,’ he added.
[Via: indiaautomotive]
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Saturday, October 11th, 2008
Audi TT -RS & Roadster spy shots!
[Via: germancarblog]
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Saturday, October 11th, 2008
Hyundai Motor Company’s Powertrain R&D Center at Namyang has developed a new high-performance V6 Lambda RS engine which will see its first application in the Genesis Coupe to be launched in Korea this month.
Based on the highly successful Lambda first introduced in 2004, the RS edition features several key modifications which have raised power to a maximum of 310ps@6300rpm (310hp for US Market) and peak torque to 36.8kg/m@4700rpm.
Because of the sporty, low hood line of the Genesis Coupe, RS engineers trimmed 5cm from the height of original Lambda engine design forcing a major redesign of the intake and exhaust system. The exhaust manifold’s length and cross section were optimized for reduced resistance which maximizes high speed performance and yields a pleasingly sporty exhaust note. At the same time, the diameter of the intake port in the ETC (Electronic Throttle Control) module was enlarged to improve engine breathing.
Attention was also paid to stiffening the aluminum engine block so it could endure higher stresses while a piston cooling jet was added under each cylinder to reduce thermal loading and prevent heat damage. A further boost in performance was attained by adopting more aggressive camshaft profiles on the Continuously Variable Valve Timing system which governs both the intake and exhaust valves. The Lambda RS will come with a choice of transmissions: six-speed automatic or a six-speed manual.
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Thursday, October 9th, 2008
Audi TT -RS spy photo….
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Thursday, September 18th, 2008
Skoda is planning to launch nearly four to eight models in India in coming few years. It plans to make India a bigger market and have experienced that Indian car buyers love cars from the Czech automaker. Skoda Octavia had been quite successful in India although Skoda Laura did not pump up as much sales. Nevertheless, Skoda marked an impressive move by introducing the same car in two different market segments. Skoda Laura has been well acclaimed by car critics around the world and has received the European award for the most beautiful car in the world.
However, Skoda Fabia has been well taken by the Indian customers and they have enjoyed the great value for money. This has boosted company’s morale that plans to make bigger investments in India and occupy a larger market share. It will also expand its product portfolio and offer more choices for its customers. It not only plans to launch SUVs and MUVs but also another small car priced a little below Fabia.
Skoda Superb has also been one of the successful models in India and company further plans to launch more SUVs and MUVs in the country.
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Tuesday, August 26th, 2008
Skoda India plans to introduce eight new models within next five years to further strengthen its brands’ position in India. Skoda had made its entry in the Indian car market with the popular model
Octavia from D segment. And for the first time in India has introduced the Pump-Duse technology in Skoda Fabia, the premium hatchback has also created rave in Indian auto industry giving tough competition to other cars in the same class.
Now with all their existing successful models, the company is planning to roll out one new model every year. Currently, Skoda is working on to develop another small car which will be cheaper than the Skoda Fabia. The new Skoda Superb will make its debut in 2009, Skoda Yeti from the SUV segment and Roomster will also hit the Indian roads in a couple of years. All Skoda’s new variants and models will carry various price brackets, offering more options to its customers. The company also plans to increase its dealership across the country from 56 to 75 by 2009.
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Tuesday, August 12th, 2008
Audi RS6 Sedan Photos….
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Tuesday, July 8th, 2008
New Ford Focus RS Photos…..
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