Cars24 plans US $100m investment in key overseas markets

Cars24, a leading e-commerce platform for pre-owned vehicles and operating in over 130 cities in India is set to further strengthen its foothold in the Southeast Asian and Middle East markets in 2021. The company r...

Bloodbath in Auto Industry for May 2021, reveals FADA retail data

The retail sales of automobiles plunged for the month of May 2021 with sales falling by as much as (-) 55 per cent on month on month (MoM) basis. The industry witnessed a bloodbath, claimed the Federation of Automob...

Jagdish Khattar, his final re-inCARNATION

A couple of days after Jagdish Khattar died on April 26, 2021, India’s leading car manufacturer Maruti Suzuki released half page obituaries in the country’s leading newspapers.

FY2020-2025 revenue to remain modest for Indian Components industry, says ICRA

India’s leading rating agency ICRA has estimated that the revenue decline for the Indian auto component industry will be limited to 6-8% in FY2021 supported by the better-than-expected demand pick-up across most seg...

Dr. Anish Shah appointed MD and CEO of Mahindra & Mahindra Ltd.

The Board of Directors of Mahindra and Mahindra Limited announced that Dr. Anish Shah presently the Deputy Managing Director and Group Chief Financial Officer would take over as the Managing Director and Chief Execu...

Goodyear to acquire Cooper Tire & Rubber Co in US $ 2.5 billion deal

Tyre majors Goodyear Tire & Rubber Company and Cooper Tire & Rubber Company announced that they have entered a definitive transaction agreement under which Goodyear will acquire Cooper in a transaction with a total ...

UNION BUDGET 2021-22 & INDIAN AUTO INDUSTRY

The Union Budget 2021-22 presented by Nirmala Sitharaman, Union Minister of Finance may have got a standing ovation from the punters of the Indian stock market, but for the Indian auto industry, the direct benefits ...

Electric two wheelers witness tepid growth despite Govt subsidy, says ICRA Survey

The demand and volumes of electric two wheelers (e-2Ws) have witnessed a very lackadaisical growth in recent years and despite the government’s thrust on adoption of electric vehicles (EV).

V4 Granturismo: the engine for the next generation of Ducati Multistrada

Italian motorcycle major Ducati has presented the new V4 Granturismo, the engine that will equip the long-awaited new generation of Ducati Multistrada, which is going to be unveiled on November 4, 2020.

Automotive dealerships grappling tough times, says ICRA survey

ICRA, an independent and professional investment Information and Credit Rating Agency states that automobile dealerships across India continue to face tough times. As if the demand slowdown due to macroeconomic chal...

CBI books former Maruti MD Jagdish Khattar in Rs 110cr PNB loan fraud

The Central Bureau of Investigation (CBI) has booked former Maruti Udyog (now Maruti Suzuki) Managing Director and founder of Carnation Auto (the company was recently sold to Mahindra First Choice Services) Jagdish ...

Gadkari leaves behind a belligerent tone and assures auto industry

For Union Minister Nitin Gadkari, it’s been a journey from taking on a confrontationist attitude to one of being benign and accommodating. At the 59th Annual Convention of the Society of Indian Automobile Manufactu...

Toyota Kirloskar domestic sells at 10424 in July 2019; -24pc fall in sales

Toyota Kirloskar Motor sold a total of 10423 units in the domestic market in July 2019 as against 13677 units in July 2018. This meant a degrowth of 24 per cent. The company exported 868 units of the Etios series in...

Auto industry hails GST reduction on electric vehicles

Society of Indian Automobile Manufacturers (SIAM) welcomed the government’s decision to reduce the GST rate on electric vehicles from the present 12% to 5%.

Roy Kurian joins Tork Motors as Head, Sales & Marketing

Tork Motors, India’s first electric motorcycle maker, has appointed former Yamaha India Senior Vice President Roy Kurian as head of Sales & Marketing, of its flagship product T6X. Roy will focus on introducing T6X t...

JBM Group acquires major shareholding in German auto major Linde-Wiemann

The US $ 1.5 billion India based JBM Group with business interest in auto systems and assemblies has acquired major shareholding in Germany based Linde-Wiemann GmbH KG, a leading manufacturer of complex structural ...

Elegant Auto Retail showcases products at 4th ACMA Automechanika

Car accessory and lifestyle product player Elegant Auto Retail successfully showcased their products at the recently concluded 4th ACMA Automechanika, India's leading automotive aftermarket trade fair organised by I...

Kia hands over vehicle fleet for Australian Open 2019; Ties up with Yes Bank in India

Kia Motors Corporation has supplied a fleet of vehicles for the Australian Open 2019, marking the 18th consecutive year of Kia’s role as the major sponsor for the Grand Slam of the Asia-Pacific. The official vehicl...

Mahindra First Choice Services buys key assets of Carnation Auto

Mahindra First Choice Services (MFC Services) has entered into an asset acquisition agreement with the official liquidator of Carnation Auto (India) Pvt. Ltd. (CAPL). As a result, MFC Services will acquire key asset...

Audi and Umicore develop closed loop battery recycling

Audi and Umicore have successfully completed phase one of their strategic research cooperation for battery recycling. The two partners are developing a closed loop for components of high-voltage batteries that can b...

Sergio Marchionne, former CEO of Fiat Chrysler dies at 66

Sixty-six-year-old Sergio Marchionne, the former chief executive officer of Fiat Chrysler has died. Marchionne who was undergoing treatment in a hospital in Zurich, Switzerland was recently replaced as CEO, accordi...

Abraham Schot comes in place of Rupert Stadler at Audi AG

The Supervisory Board of Audi AG has decided to transfer the duties of the Board of Management Chairman to Abraham Schot on a temporary basis with immediate effect. As reported earlier, Audi CEO Rupert Stadler was t...

Bharat Forge Limited invests Rs 90.30 crore in Tevva Motors, UK

Bharat Forge Ltd., a Pune based global leader in metal forging, has announced a strategic investment of UK Pounds 10 million (Rs 90.30 crore approx.) in Tevva Motors (Jersey) Limited, a company incorporated and regi...

Precision Camshafts acquires 51% stake in Emoss Mobile Systems B.V.

Precision Camshafts Ltd (PCL) has acquired 51% stake in Dutch electric driveline maker Emoss Mobile Systems B.V through its wholly owned Dutch subsidiary, PCL (International) Holding B.V. This is the third strategic...

Synergies to set up largest alloy plant in Visakhapatnam, Andhra Pradesh

Synergies Castings Limited, India’s leading aluminium alloy wheel manufacturer announced the signing of an MoU with the Government of Andhra to establish a major greenfield aluminium casting and specialty alloy whee...

Axalta Inaugurates new coating manufacturing facility in Gujarat

Axalta, a leading global supplier of liquid and powder coatings, has inaugurated its new coating manufacturing plant at Savli, Vadodara in Gujarat, India. The opening ceremony was presided by Axalta Chairman and CEO...

Motherson acquires Reydel Automotive Group for USD 201 million

Motherson Sumi Systems Limited (MSSL), the flagship company of the Samvardhana Motherson Group (SMG), through its step down subsidiary Samvardhana Motherson Automotive Systems Group B.V. (SMRP BV), has announced th...

Mahindra launches ‘Bring the Showroom Home’ mobile experience

Mahindra & Mahindra Ltd. (M&M Ltd.) has announced an industry first initiative in the automotive retail space with the launch of its ‘Bring the Showroom Home’, a portable, mobile based, interactive Virtual Reality e...

Auto industry leaders critical of intermittent regulatory uncertainties

Several auto industry leaders blasted the Indian government for intermittent regulatory uncertainties and urged the government to come out with clear and firm policy guidelines.

Arun Malhotra - MD, Nissan Motor India

Arun Malhotra, MD, Nissan Motor India says his company is banking big time on the new redi-GO with the 1 litre engine. He speaks to Roy P Tharyan, Editor, Motown India

JSW Energy to invest Rs 4000 cr in e-vehicles, energy storage systems business

JSW Energy Limited, part of the JSW Group and a growing energy company is planning to launch its own electric vehicle by 2020. The company is keen to enter into electric vehicles, energy storage systems and associat...

GM exit, a planned scam, say protesting GM India dealers

General Motors India’s decision to stop domestic sales in India is a planned scam, stated several dealers who were protesting along with their employees in New Delhi’s Jantar Mantar area on June 27, 2017. General Mo...

KSS to purchase majority of Takata assets for $ 1.588 billion; Takata files for bakruptcy

Michigan (US) based Key Safety Systems (KSS), one of the leading brands in automotive safety systems, has reached an agreement in principle with the recall rocked Takata Corporation of Japan to sponsor a restructuri...

Mission Possible: Maruti Suzuki’s 600 acre playground aims to keep cars and people safe

Maruti Suzuki’s 600 acres of unique playground in Rohtak near Delhi in the state of Haryana has around 1400 engineers playing ball almost every day of their lives, not to win trophies for themselves, but to keep the...

Amit Ramani - Founder & CEO, Awfis Space Solutions

Amit Ramani, Founder & Editor, Awfis Space Solutions, in an interview with P.Tharyan, Editor Motown India, talks about his project Awfis which is basically an office on wheels or a mobile office, Ramani is keen ...

Nissan completes 34pc acquisition of Mitsubishi Motors for US $ 2.28 billion

Mitsubishi Motors Corporation (MMC) has announced that Nissan Motor Co., Ltd. has become its largest shareholder after completing the purchase of 34% of MMC-issued stock for 237 billion JPY (approx US $ 2.28 billion...

India Kawasaki Motor plays good sport with 13 customers

Thirteen is believed to be an unlucky number. Now this could be a myth. But there were definitely 13 disgruntled customers who had almost given up hope on the Kawaski motorcycles they had booked at a dealership in N...

Relief for auto makers as SC lifts ban on diesel vehicles in Delhi NCR

The Supreme Court of India on August 12, 2016 has lifted the ban on diesel vehicles with engine capacities of 2000cc and above but has asked affected car makers to deposit of one per cent of ex-showroom price as gre...

HMSI inks retail finance MoU with IndusInd Bank.

Providing further stimulus to its domestic growth, Honda Motorcycle & Scooter India Pvt. Ltd. has signed a Memorandum of Understanding with IndusInd Bank, offering retail finance to its customers at an attractive ra...

Nissan takes 34pc equity stake in Mitsubishi Motors for 237 Billion Yen

Nissan Motor Co., Ltd. and Mitsubishi Motors Corporation, (MMC) have announced that they have signed a Basic Agreement to form a far-reaching strategic alliance between the two Japanese automakers. Following an MMC ...

BMW Financial Services invests Rs 110 crore additional in India

The BMW Group has increased its investment in BMW Financial Services India to Rs 640 crore(€ 98 million) in 2015 from Rs 530 crore (€ 80 million) in 2012. BMW Group launched BMW Financial Services India on October 5...

SPECIAL REPORT ON INDIAN TYRE INDUSTRY: An Un-Tyre-ing Journey

The Rs 50,000 crore Indian tyre industry today has a few reasons to smile and a few reasons to frown. On the one hand, after a lull in the industry while the demand for tyres in 2015-16 is seeing a growth coupled wi...

Hero MotoCorp subsidiary to acquire Erik Buell Racing's assets

The wholly owned subsidiaries of HMCL --- HMCL NA, Inc. and HMCL Americas, Inc.----as per a “Settlement Agreement,” have agreed that HMCL Americas Inc. will acquire the ownership of certain tangible and intangible a...

South India Special Part 5: Kerala

This southern State of Kerala is known more for its militant labour unions and lack of industries. Tourism thrives here and the State is also referred to as “God’s Own Country”. Malayalis, as the people of Kerala ar...

SAMIL plans 60 automalls all over India soon

India’s one-stop destination for pre-owned vehicles and equipment, Shriram Automall India Limited (SAMIL) has been on an aggressive expansion drive. While focussing largely on South India, the company reported maxim...

Hero MotoCorp $25m EBR dreams shatter with closure of US company

India’s leading manufacturer of two wheelers Hero MotoCorp Ltd (HMCL) has announced that the US based company Erik Buell Racing in which it had invested US $ 25 million (Rs 156 crore by today’s exchange rate) has ce...

Mahindra First Choice Wheels raises $15 Million from US investor

Mahindra First Choice Wheels Ltd. (MFCWL), a leading multi-brand used vehicle company, has signed a definitive agreement to raise $15 million (Rs. 94 crore approx.) from San Francisco based investment advisor firm, ...

Union Budget reactions from the Indian auto industry

Finance Minister Arun Jaitley presented the General Budget for the year 2015-16 in Lok Sabha on February 28, 2015.

Atulya Sharma appointed Chief Legal Counsel at Apollo Tyres Ltd

Atulya Sharma has been appointed as the Chief Legal Counsel at Apollo Tyres Ltd. He will be based out of the company’s Corporate Office in Gurgaon, and will oversee the Legal and Corporate Secretarial functions. ...

Spyker bankruptcy declared null and void

Netherlands based Spyker N.V., together with its wholly owned subsidiary Spyker Automobielen B.V. (collectively "Spyker" or the "Company"), on January 29, 2015 won an appeal filed on December 29, 2014 with the Appea...

Bosch Chairman connects lives with humour and meaning at CIS 2015

Dr. Werner Struth, Chairman, Robert Bosch LLC and Member of the Board of Management, Robert Bosch GmbH combined these attributes at the International Consumer Electronics Show (CES) 2015 in Las Vegas, Nevada (USA) t...

Two-wheelers need to meet BS-IV norms from April 1, 2016

Bharat Stage(BS)-IV emission norms for vehicles shall be mandated in India for two wheelers manufactured on or after April 1, 2016 for new types of vehicles models. Exactly a year later from April 1, 2017 this norm...

Spyker companies declared bankrupt

Netherlands based Spyker car company has been declared bankrupt. On December 18, 2014, the District Court of Midden-Nederland, at the request of the administrator, converted the moratorium of payment, granted to Spy...

Mahindra’s Saab buy part of much bigger strategy

With unconfirmed reports suggesting that Mahindra & Mahindra (M&M) is planning to acquire Sweden based car maker Saab, it is almost confirmed that it has more to do with Anand Mahindra’s dream to become a world lead...

Spyker files for voluntary financial restructuring

Dutch automobile car maker Spyker N.V., together with its wholly owned subsidiary Spyker Automobielen B.V. (collectively “Spyker” or the “Company”), filed a voluntary petition on December 2, 2014 for financial restr...

It’s a dud Budget for the automotive sector

A lot was expected from Finance Minister Arun Jaitley for the automotive sector but none of that figured in the Union Budget 2014-15 announced on July 10, 2014. The Budget focussed on infrastructure and simplificati...

Sonalika plans 2 assembly tractor plants in Africa

Hoshiarpur (Punjab) based Sonalika group International Tractors Ltd (ITL) is contemplating on establishing two more assembly plants in Africa, riding back on the success of exporting 6,000 units in that region. Acco...

Gopal Mahadevan new CFO of Ashok Leyland

Gopal Mahadevan has taken over as the Chief Financial Officer at the Hinduja Group flagship, Ashok L

BharatBenz inaugurates its Panvel dealership

Daimler India Commercial Vehicles Pvt. Ltd. (DICV), the Indian subsidiary of the world’s leading

BharatBenz Power Yatra returns to Chennai

BharatBenz Power Yatra, flagged off by Daimler India Commercial Vehicles (DICV)

Continental expands capabilities in India

Continental Automotive has announced the expansion of its manufacturing and validation competence in

Delphi to acquire FCI’s motorised vehicles dvsn.

Delphi Automotive has announced that it has entered into exclusive negotiations and has made a bind

BMW Financial Services hikes investment in India

The BMW Group has increased its investment in BMW Financial Services India to 5.3 billion Indian Rup

Defence minister inaugurates Defexpo-2012

Showcasing the country's military prowess and the nation's emergence as an attractive destination fo

Dan DeChristopher is MD & CEO, BMW Financial

Dan DeChristopher (53) has been appointed as the new Managing Director and Chief Executive Officer o

Dan DeChristopher is MD & CEO, BMW Financial

Dan DeChristopher (53) has been appointed as the new Managing Director and Chief Executive Officer o

Continental AG to double growth in India

In a recent visit to India, Dr. Elmar Degenhart, Executive Board Chairman, Continental AG, one of

Hero MotoCorp unveils global brand identity

Hero MotoCorp Ltd., formerly known as Hero Honda, has launched its new name and logo at the O2 Arena

Apollo Tyres focuses on Dubai as a hub

Apollo Tyres focuses on Dubai as a hub for its Middle East operations

Syndicate Bank & TVS Motor Company sign MOU

Syndicate Bank & TVS Motor Company sign MOU

Ford India takes ‘Ford Assured’ to 5 key markets

Ford India takes ‘Ford Assured’ to five key markets

Bajaj Auto and SBI tie up

Bajaj Auto and SBI tie up to provide inventory finance to dealers

Exim Bank extends loan of Rs 50 crore to Mahindra

Mahindra Reva Electric Vehicles Pvt. Ltd. has tied-up with the Export-Import Bank of India

AMW signs MOU with Central Bank of India

MUMBAI: Asia Motor Works (AMW), manufacturers of heavy commercial vehicles, signed a Memorandum....

Hyundai Motor signs MoU with OBC

NEW DELHI: Hyundai Motor India Ltd. (HMIL) and Oriental Bank of Commerce, a leading public sector ba

Dheeraj Hinduja is Chairman of Ashok Leyland

CHENNAI: Dheeraj G Hinduja has been appointed Chairman of the Hinduja Group flagship, Ashok Leylan

BMW Group launches BMW Financial Services in India

GURGAON: The BMW Group launched BMW Financial Services as a new business entity in India. BMW Finan

Auto component indy to generate US$ 110 b revenue

NEW DELHI: India’s auto industry is likely to generate a turnover of nearly US$ 110 billion (Rs 5 l

Mahindras finally get cosy with SsangYong

MUMBAI: For the Mahindras, it’s yet another feather in its cap. Going the Tata way of acquiring auto




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