India Business

Today, The much awaited Tata's One Lakh Rupees car 'Nano' was launched by Ratan Tata, Chairman Tata Motors Limited at 9th Auto Expo in New Delhi. (TATA Nano Pics)

India’s largest car maker Maruti Suzuki India Ltd. is showcasing three concept cars at the Auto Expo 2008 in New Delhi.

These include Concept A-Star, Concept Splash and Concept Kizashi. Production models, based on Concept A-Star and Concept Splash, will be launched in India in the near future, and will contribute to the company’s goal of achieving one million unit sales by 2010.

Bajaj Auto Ltd. on Tuesday formally announced its plan to launch a low-cost small car in two to four years.

Bajaj's announcement comes two days before Tata Motors unveiling of its one lakh rupee car at an auto show.

India's external debt for the quarter ending September stood at 190.5 billion dollars (Rs.757, 967 crore), which is 9.9 billion dollars (5.5 per cent) more than over the previous quarter.

The Union Finance Ministry stated that out of the increased amount, 5 billion dollars alone has been due to valuation change arising out of weakening of US dollar against major international currencies and Indian Rupees.

Minister of State for Industrial Policy and Promotion, Ashwini Kumar, has said that Commonwealth Business Forum would help in disseminating more information.

The forum is being held on the sidelines of the 53-nation Commonwealth Summit being held in Uganda.

"As the shift of economic power in the world is taking place I have no doubt that fora such as the Commonwealth Business Forum will help in disseminating more information about the possibilities of business in the commonwealth countries," said Kumar.