Mahindra Wants to Become “India’s First Global Cult Brand”

M&M is not just a well-known candy but also the name of a part of the Mumbai-based Mahindra Group - an Indian conglomerate with a market value of $17.6 billion that has 119,900 employees in more than 100 countries and is involved in almost everything from banking and agribusiness, to aerospace technology and real estate.
M&M, which stands for Mahindra & Mahindra, is the flagship company of the Mahindra Group and has a presence in both the automotive and tractor businesses. Anand Mahindra, son of one of India’s richest families, leads the company.
Mahindra certainly has great ambitions for his company and SsangYong, the bankrupt Korean manufacturer which he bought in November 2010. Automotive News reports that Anand recently stated “We want to be India’s first global cult brand”.
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Toyota to Launch New Small Cars for China, Brazil and Indonesia

Toyota is planning to launch a new small car designed specifically for China in 2013, according to a report from Reuters citing the Nikkei business daily newspaper.
The new small car will be a little larger than the low-cost Etios that is sold in India. A 1.5-liter gasoline engine will power it and prices are expected to begin from under 1 million yen (approximately US$12,853).
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Tata Considers Developing Engines with Jaguar and Land Rover

Tata Motors’ owner, Ratan Tata, confirmed today in the company’s annual report that the Indian carmaker is considering developing an engine in cooperation with its Jaguar Land Rover division.
"To optimize the synergistic strengths between JLR and Tata Motors in India, an examination is also under way on a joint engine development program which would have manufacturing facilities both in the U.K. and India," Ratan Tata stated.
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Meet the Most Happy-go-Lucky Driver in the World [Video]

Upon viewing this accident that was caught on a security camera for the first time, the initial reaction is shock: a large bus (seemingly) drives through a red light and crashes with an oncoming bus at the intersection.
Take a closer look at the footage though and shock is quickly followed by bewilderment when you notice a small green vehicle, which looks to be a three-wheeler tuk-tuk (or rickshaw), passing between the two busses milliseconds after the impact and just as the second bus falls onto its side!
From what we can tell, the green tuk-tuk came from the park and turned right on the central road. The accident reportedly happened in Bangladesh on Monday. Check it out for yourself in the clip after the break.
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Nissan Announces New Midterm Business Plan, will Introduce a New Vehicle Every Six Weeks for Six Years

Japanese carmaker Nissan Motor Co. revealed on Monday its new midterm business plan dubbed “Power 88”, with which it aims to boost both its global market share and profit margin to 8 percent within six years – hence the “88” reference in the name. Last year, Nissan, which is 44.3 percent owned by French partner Renault, had a 5.8 percent global market share.
The new plan calls for the introduction of 52 new cars for fiscal years 2011 to 2016, or about one new vehicle every six weeks.
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