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Oil companies have raised fuel prices once again and have attributed the hike to rising international oil prices and unfavourable exchange rates. The price petrol has been raised by 75 paise while the price of diesel has been hiked 50 paise and will be in effect from June 1. 

Spyker, the Dutch supercar maker, is likely to make its India debut by the end of the year. A report from CarIndia says that the manufacturer has already appointed a Delhi based dealer to import its exotics into the country.

Tata Motors has registered the Indica, Vista and the Safari Storme SUV with Indonesian Government. While the Vista and the Indica are both the top-end petrol variants, the Safari Storme is the two-wheel drive mid-level EX variant. According to a report from Kompass Otomotif, the company has issued a statement saying this step has been taken for a feasibility test in the Indonesian market.

Mercedes-Benz India is likely to launch the next generation S-Class luxury sedan by early 2014. This was hinted at by Eberhard Kern, CEO of Mercedes-Benz India during the launch of the new A-Class hatchback yesterday.

Toyota is planning to launch the hybrid version of its compact sedan, the Etios in India in next few years. The Japanese maker is currently doing a feasibility study on whether they will be able to assemble hybrid cars here.  

BMW India has rolled out its first locally assembled 7 Series from the Chennai facility. The 730Ld is the only variant which is being assembled in India while rest of the variants of the facelifted model – the 740Li, 750Li and the 760Li are imported as completely built units (CBU).

The Porsche Macan is expected to make its debut at the 2013 LA Auto Show in November and is expected to be launched in mid-2014. The compact Cayenne will be produced at the German sportscar maker’s Leipzig facility alongside the Panamera sedan and the Cayenne SUV.

Ford is aiming to export the EcoSport to over 60 countries by 2017. The EcoSport has been a major success for Ford in most of the markets that it currently being sold in. The compact crossover is a part of the American automaker’s global line up that comprises vehicles like the Fiesta and the Focus hatchbacks.  Its development is believed to be a part of CEO Alan Mually’s bid to replace or accordingly redesign many of the companies larger SUVs that have dominated its lineup since the early 1990s.

Tata Motors may launch the facelifted model of their lowest priced car, the Nano, next month.  The facelifted version has previously been spied with camouflage during testing runs in various locations across the country over the last few months. It was finally spotted undisguised during a shoot for its TVC in South Mumbai two months ago.  

The 2014 BMW X5 has officially been revealed. This comes after numerous spy shots and details of the car being leaked via the website of a China based scale model manufacturer.  The mid-size SUV is evolution of the current vehicle but features small changes all across that make it look more contemporary and modern.