Budget effect: High end cars to become slightly cheaper
In the just announced Union Budget, Indian Finance Minister Pranab Mukherjee proposed to reduce the additional excise duty on big cars with engine capacities of 2,000 cc and above by Rs 5,000 per unit.
This means that high end cars could now become slightly cheaper in the Indian [...]

Mitsubishi raises prices of cars in India
Mitsubishi India has increased the prices of their cars on sale in the Indian market.
The prices are up by around 4-5%.
The company said that the prices were hiked as the imported kits for cars are becoming more expensive. Yen is becoming stronger and they can no [...]

Hindustan Motors cutting price of their models in the market
Hindustan Motors has announced that they are cutting the price of their various models on sale in the market.
The company had last month announced a similar cut on Ambassador and Mitsubishi Lancer.
Now, they are cutting the prices of its light commercial vehicle [...]

Mitsubishi reportedly cutting production due to falling sales
News media company Kyodo has reported that Japanese automaker Mitsubishi is considering cutting down production by up to 100,000 units in five months from November.
This is largely due to falling sales as the global economy is taking a beating.
The report said that the automaker is also expected to [...]

Reports: Mitsubishi collaborating with Peugeot
Nikkei business daily has reported that Mitsubishi Motors is planning to collaborate with France’s PSA Peugeot Citroen.
The two companies are working on a deal to manufacture electric cars.
They would be sharing related technologies.
The report further stated that the two companies may also look at forming a joint venture to build electric [...]

Mitsubishi working on a low cost car for China and Thailand
Mitsubishi Motors has revealed that they are working on their own model of a low cost car.
This car is likely to be sold in markets like China and Thailand.
They could even bring it to some of their European markets.
A company source added that the car [...]

Mitsubishi planning to bring I-MIEV electric car in India

Hindustan Motors has said that they are considering plans to launch the environment-friendly electric I-MIEV in the Indian market.
HM works in partnership with Mitsubishi Motors on their products for India.
Mitsubishi Innovative Electric Vehicle could see a launch in this market within the next three years.
The company [...]

Reports: Mitsubishi Electric to exit mobile phone business
Nikkei business daily has reported that Japanese electronics maker Mitsubishi Electric is considering exiting from the mobile phone industry.
The company is expected to make an announcement on this sometime today.
They generate revenues of around $965 million from this segment of the market per year but the business is [...]