Auto Industry

Mobec, India's fastest-growing network of portable EV charging solutions, has announced the launch of its pan-India franchise network.

BYD India, a subsidiary of the world's leading New Energy Vehicle manufacturer BYD, announced the signing of a Memorandum of Understanding (MOU) with Bajaj Finance Limited (BFL), the lending arm of Bajaj Finserv Ltd...

Society of Manufacturers of Electric Vehicles (SMEV), the registered association representing Indian manufacturers of electric vehicles , has in its latest communication reached out to the Minister of Commerce and I...

The Society of Manufacturers of Electric Vehicles (SMEV), the registered association representing Indian manufacturers of electric vehicles, has petitioned the National Green Tribunal (NGT) expressing concerns that ...

Ultraviolette Automotive Pvt. Ltd announced that it has raised a fresh round of capital from a fund managed by Exor Capital. This investment is part of an ongoing (Series D) round of funding, with Exor Capital as th...

Hero Electric has partnered with Even Cargo, India’s first women-only delivery platform, for strengthening the last-mile delivery segment. The collaboration envisages women at the riding end to fasten the electric m...

Sundaram-Clayton Limited (SCL), a leading auto component manufacturing and distribution group, announced that R Gopalan, Non-Executive Independent Director of the Company has been appointed as Chairman of the Board ...

Luxury car brand Mercedes-Benz continued its firm leadership position in the country’s luxury car segment for a record seventh year in a row. In a pandemic hit 2021 calendar year, Mercedes-Benz India delivered 11,24...

From silk saris to a silky smooth track for testing vehicles. The age-old city of Kanchipuram, in Tamil Nadu, is known for its magnificent temples and the exquisite silk wear that includes the traditional saris. Now...

Ola Electric and Bank of Baroda have signed the largest long-term debt financing agreement in Indian EV industry. This 10-year debt of US$100 million is towards the funding and financial closure of the Phase 1 of th...

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...

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...

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.

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...

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...

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 ...

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 ...

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).

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.

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...

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 ...

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 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...

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%.

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...

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 ...

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 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 (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 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...

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...

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 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 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 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, 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 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 & 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...

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 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 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...

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...

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...

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 & 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 ...

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...

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...

Interview with Sanjay Gupta, Sr. Director, NXP Semiconductors. Gupta says that according to IMS Research, the global market for automotive electronics is set to rise to Rs.13.04 lakh crore ($240 billion) in 2020.

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...

Interview with Claude d’Gama Rose, Managing Director, Continental Automotive Components India

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 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 ...

Award-winning actor and global environmentalist Leonardo DiCaprio will chair the newly-created Formula E Sustainability Committee. This body will focus on Formula E’s contributions to promoting the mass use of elect...

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...

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...

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...

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...

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...

Triumph Motorcycles India, a subsidiary of UK based Triumph Motorcycles has every reason to be excited about its debut in India. For a superbike manufacturer, selling 1326 units in fiscal 2014-15 has come as a pleas...

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 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, ...

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

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. ...

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...

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...

Terex is a US based company which operates through five verticals and one of the verticals is Terex Construction and that is where our company belongs. We are based out of Greater Noida and what we manufacture here ...

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...

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...

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...

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...

The concept is unique, because non linear Ropeway travelling over existing road routes in urban cities, would be the first in the world, and therefore, could be called revolutionary, as it would constitute a 2nd tie...

My dream is to convert this into an annual 4X4 convention. And on the sidelines of the convention we are doing the RFC. This is a great beginning in this direction.

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...

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

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

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

We are under process to expand our capacity at the Surajpur factory. Finally, we can produce 1 million units per annum in two shifts. For this fiscal, we are targeting 6.5 million units in sales, out of which 4.5 mi...

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

The word ‘high-end’ in India is a bit misleading. In India, anything over 10,000 is considered a high-end product. And will this segment keep on increasing? Absolutely, there is no way it can’t because the kids are ...

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

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

Hero MotoCorp sold 5.4 million two-wheelers in 2010-11 and aims to exceed sale of six million units this financial year. A factor such as rising input costs affects all players equally.

Hero MotoCorp sold 5.4 million two-wheelers in 2010-11 and aims to exceed sale of six million units this financial year. A factor such as rising input costs affects all players equally.

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

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

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

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

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 for its Middle East operations

Syndicate Bank & TVS Motor Company sign MOU

Ford India takes ‘Ford Assured’ to five key markets

We have finalised the plan for a diesel engine plant. We would manufacture all diesel engine requirement in India itself. I think by the second half of 2013 we should have a diesel engine being manufactured here. T...

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

JCBL has four brands, Cerita, where we are making our own chassis also for a select niche where other OEMs do not have a product or customers want little flexibility. We have our own Happy Bus range of school buses....

When we entered India in 1994, we had to do so with a local partner as per the then prevailing automotive policy. The automatic approval route only came about in 2002. So when we came into India we tied up with Hind...

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

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

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

Debashis Mitra, Director- Sales & Marketing, Mercedes Benz India talks to Motown India about the company's increasing sales and improving performance in India.