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    The CarWale Daily Fuel - 21 June 2012

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    CarWale Team

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    The CarWale Daily Fuel - 21 June 2012
    • Tata hopes to develop an electric car for less than USD 20,000 (Rs 10 lakh) in partnership with the French company Dassault Systemes. That will put it on par with the Toyota Prius C hatchback, which is available for USD 19,000 onwards. 
    • Carnation Auto will be expanding into newer cities with its service network. It also plans to start an internet retail car business, and is also considering offering insurance from its outlets. 
    • The Ferrari auction that took place for earthquake relief has closed, and the company has managed to raise a substantial sum of money for the affected. The car, nose cone and engine alone managed to raise Rs 10.7 crore. 
    • Toyota Motorsport GmbH, who takes care of all of Toyota's motorsport requirements, might just become Toyota's factory-backed tuning house like Mugen is for Honda. The first TMG-tuned model is scheduled to go on sale by the end of the year. 
    • Pagani is planning to showcase yet another Zonda, but this one seems to be the ultimate one so far. Called the Zonda R Evo, it will have competition-spec suspension, brakes, aerodynamics and the 760bhp version of the AMG engine powering it. Unfortunately it isn't street legal. 

    The CarWale Daily Fuel is your quick daily dose of automotive news from India and around the world. If you want to know whatever's in the news but want it short and sweet, here's your solution.

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