The company, which entered the Indian market last March, said it is looking at the possibility of assembling its vehicles locally by leveraging on parent Toyota's facility in Bengaluru as an option.
With the launch of a new model, Lamborghini expects its volumes to surge 2.5-3 times.
Shekar Viswanathan, vice-chairman and wholetime director at Toyota Kirloksar Motor, said consumers should be given freedom to make a logical choice, and manufacturers enough leeway so that they can produce what the consumer wants.
Honda said these 15 states and the two Union Territories together account for 52 per cent of all two-wheeler market in the country.
Automakers like Toyota Kirloskar Motor, Honda Cars India, Skoda and Isuzu have already announced price hikes from January next year.
Customers can book the new bike at the exclusive Wing World outlets in Delhi and Mumbai and the company said deliveries will begin from January on a first-come-first- served basis.
The company said it considered the price rise after reviewing input and freight costs periodically, which is also a general industry phenomenon.
The flagship bike of TVS has been in development for over two years now and it aims to challenge the Japanese heavyweight Kawasaki Ninja 300 which has almost similar specs but is priced at Rs 3.6 lakh.
The company said the recall has been issued due to the passenger front airbag in the Jeep Compass being affected by 'loose fasteners' that can affect its correct working in case of a collision.
The new Ford Ecosport model launched in India will take on the Maruti Vitara Brezza and Tata Nexon, among others in the sub-4 metre compact SUV space.
The new motorcycle is powered by 155cc, air-cooled, single-cylinder engine that already propels the Gixxer series.
The Renault Captur will have 50 premium features, including projector headlamps, LED daytime running lights and an integrated audio system as standard features across all variants.
All vehicles sold on and after December 1, 2017 shall be fitted with FASTag by the manufacturer or the dealer, a govt notification read.
Booking for the new EcoSport model opens on November 2 and the vehicle will be launched on November 9, the company said.
Mahindra & Mahindra sold 51,149 vehicles in October, down by two per cent from 52,008 units sold the same month in 2016.
With the launch of new Passat, Volswagen has completed two out of three promised launches in India this year.
German automaker Porsche on Thursday expanded its 911 range in India with the launch of the 911 GT3 at a price of Rs 2.31 crore (ex-showroom, pan India)
Assembled at the company’s Aurangabad manufacturing facility, the first seven-seater SUV from the Volkswagen group company comes with a 2-litre diesel engine.
With this rollout, Tata Motors aims to scale up its position to the third or fourth spot in the utility vehicle segment.
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