German Auto Manufacturing giant Audi is all set to tap the under 4 meter segment of the Indian market. Their new offering is the Audi Q1 Mini SUV. This mini SUV which will be available in petrol and diesel models is expected to create quite a ripple in this segment automobile market.
Maruti Suzukirecently posted a gain in net profits of 18% for the quarter ended in June 2011. In spite of a slow growth in the Indian auto industry, the company managed to record net profits to the tune of INR 549.2 crore, a growth of 18% against the INR 465.36 crores that it posted in the corresponding quarter, last year.
Utility manufacturer, Mahindra & Mahindra recently posted a growth of 7.56% in their net profits for the June 30 ended quarter, with a standalone net profit of IRN 604.88 crores, boosted by good measures for expenditure control and good sales. In the same period in 2010, the company had posted net profit as INR 562.39 crores.