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French auto major Renault is eyeing 5 per cent market share in India within 24-36 months as it gears up to enter volume segments with the launch of a multi-purpose vehicle and a sub Rs 4 lakh car next year.

Mercedes-Benz has officially unveiled the all-new C63 AMG which is all set to make its debut at the Paris Motor Show. The company said that the sedan and estate will be offered in C63 AMG and C63 AMG S versions with power coming from a newly developed V8 4.0-liter twin-turbo engine.

The mighty and muscular Scorpio is back in a new avatar - the first major generational leap in it's 12 year run. The company had provided major upgrades and a new engine in 2006, a facelift in 2008, and now it's an all-new platform for the first time.

General Motors India has refreshed the Chevrolet Sail U-VA hatchback and sedan. The company has launched the hatchback at a starting price of Rs 4.41 lakh and the Sail sedan is priced starting at Rs 5.19 lakh (both prices ex-showroom, Delhi).

Piaggio Vehicles Pvt. Ltd. launched a limited edition Vespa, Vespa Elegante, at Rs. 78,999 (ex-showroom, Delhi). The company said the Vespa Elegante is for the youth who seek a differentiated premium product offering.

Nissan is celebrating 30 years of its in-house racing division. NISMO, a contraction of NIssan MOtorpsorts, was founded in September, 1984 in Omori, Tokyo and since then has been churning out cars that we stand in awe of.

Volvo has now reached 15 cities that operate Volvo City Buses thus becoming the widest spread of low-entry city bus operations in the country. Recently, Volvo crossed the mark of 25000 drivers being trained, while also crossing its on-road presence of 5000 buses only in India.

At the launch of the Polo facelift, Volkswagen India said that the changes made to the regular one will brush-off on the go-faster GT version and also the CrossPolo. We wonder why it took VW a month to bring the cars out but well, here they are - the evil twins - the GT TSI and the TDI.