Venu Srinivasan of TVS, Anand Mahindra of M&M awarded Padma Bhushan

Auto industry stalwarts Venu Srinivasan, Chairman, TVS Motor Company and Anand Gopal Mahindra of Mahindra & Mahindra, were presented the prestigious Padma Bhushan Award by the President of India, Ram Nath Kovind, at...

 Tata Motors to raise $1 billion in passenger EV business from TPG Rise Climate

Tata Motors Ltd (TML) and TPG Rise Climate have entered into a binding agreement whereby TPG Rise Climate along with its co-investor ADQ, shall invest in a subsidiary of Tata Motors that will be newly incorporated. ...

Motherson company acquires 60pc stake in China joint venture for auto mirrors

Samvardhana Motherson Automotive Systems Group BV (SMRPBV) has acquired a majority stake in Nanchang JMCG Mekra Lang Vehicle Mirror Co., Ltd by Ningbo SMR Huaxiang Automotive Mirrors Ltd. (SMR NBHX); which is a 50:5...

Govt announces PLI Auto Scheme; Incentives worth Rs 26058 crore

The Government has approved a Production Linked Incentive (PLI) Scheme for the Indian auto industry and also the drone industry to enhance India’s manufacturing capabilities

Motherson, Marelli to get into smart illuminated exterior body parts for cars

Samvardhana Motherson Automotive Systems Group BV (SMRPBV), (a Motherson Group company), has signed an MOU with Marelli Automotive Lighting to explore a new technological partnership focused on smart illuminated ext...

Bajaj Auto to gain post simplified equity structure in Pierer Mobility

Bajaj Auto’s clout in the global motorcycle market, both in the conventional IC engine space as well as the electric two wheeler space, will increase considerably once the proposed simplified equity structure in the...

Anand Group, Mando Corp set up JV company for EV components

Auto component manufacturers Anand Group of India and South Korea based Mando Corporation have announced the setting up of a new joint venture company called Anand Mando eMobility Private Limited for manufacturing a...

INTERVIEW WITH UDAY NARANG Chairman, Anglian Omega Group & Omega Seiki Mobility

In an exclusive interview, Uday Narang, Chairman, Anglian Omega Group & Omega Seiki Mobility talks about his company plans to enter the two and four wheeler electric vehicle space.

AP procures 25000 electric 2 wheelers for govt employees

Convergence Energy Services Limited (CESL), a government of India company under Ministry of Power, signed an agreement with New & Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) to provide 25000...

Ola Electric raises US$100 million debt from Bank of Baroda

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...

Dao EV, Avon alliance for mechanical parts for electric 2 wheelers

Dao EV Tech, an electric mobility manufacturing start-up based out of Hyderabad has entered into a strategic agreement with Avon, a leading bicycles manufacturer in the country. As per the MoU, Dao EV Tech and Avon ...

Guenter Butschek steps down as Tata Motors CEO

Tata Motors has announced that Guenter Butschek who had informed his desire to relocate to Germany at the end of the contract for personal reasons, will therefore be stepping down from his role as CEO & MD from June...

GoMechanic secures US$ 42 m Series C funding

GoMechanic, a leading technology-enabled auto after-sales service and spare parts company, has announced securing US$42Mn in Series C funding in a round led by Tiger Global Management with the existing investors Seq...

Omega Seiki Mobility inks deal with Arjun Maini for DTM race

In continuation of its efforts to promote India and Indians globally, Omega Seiki Mobility Pvt. Ltd. (OSM), part of the Anglian Omega Group has announced its partnership with India’s first DTM driver Arjun Maini for...

Apollo Tyres Ltd unveils new corporate identity

Apollo Tyres Ltd has unveiled its new corporate identity and vision ‘Driving Progress, Together’ setting the path for the next five years.

Electric 2 and 3 wheeler makers give thumbs up to FAME II subsidy hike

The electric vehicle industry has welcomed the Indian Government's move to increase subsidy to electric bikes and scooters by 50%, subject to those that meet the Faster Adoption and Manufacturing of Hybrid and Elect...

Goodyear completes acquisition of Cooper Tire & Rubber Company

The Goodyear Tire & Rubber Company has announced that it has completed its acquisition of Cooper Tire & Rubber Company, finalising the merger agreement made public on February 22, 2021.

Siddharth Shriram is no more; Honda will miss an old ally

Siddharth Shriram, an eminent industrialist based in Delhi and hailing from a prestigious business family died on May 17, 2021 at the age of 76 due to covid related complications. He was admitted to Medanta Hospital...

Oxygen, medical help pour in from Indian auto companies among shut downs

The Indian auto industry is going all out to help the country in production of oxygen, even as it is grappling with woes at its own end. India Yamaha Motor (IYM) is among the companies that have decided to suspend m...

Omega Seiki MoU with C4V to introduce solid state batteries in India

Omega Seiki Pvt. Ltd., part of Anglian Omega Group of companies, announced that it will be bringing advanced chemistry cells to India in association with New York based companyC4V.C4V plans to become the first lithi...

ACMA Automechanika show gets virtual with no physical meeting

Marking the launch of ACMA Automechanika's virtual edition, Messe Frankfurt India along with ACMA (Automotive Component Manufacturers Association of India) will welcome aftermarket players on its online networking a...

Spark Minda partners with Israel based company for ADAS technology

Minda Corporation Limited, the flagship company of Spark Minda, has announced its partnership with Israel-based Ride Vision, a leading ADAS (rider assistance systems) solutions company, to bring its range of Artific...

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...

Ralf Speth is TVS Motor Company Director, will succeed Venu Srinivasan as Chairman

TVS Motor Company has announced the appointment of global automotive industry icon Prof Sir Ralf Speth to its Board of Directors. The company further announced the appointment of Kuok Meng Xiong as an Independent D...

ASDC, FADA join hands with Google to lead industry’s Digital Transformation

Recognising the need to prepare over 20,000 auto dealerships to engage with customers in the ongoing and post pandemic era, Automotive Skills Development Council (ASDC) and Federation of Automobile Dealers Associati...

Automotive Skills Development Council signs MoU with Magic Billion

The Automotive Skill Development Council (ASDC) has signed a Memorandum of Understanding (MoU) with Magic Billion to explore possible future opportunities to impart genuine and specialised overseas opportunities to ...

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 ...

Truck man Marc Llistosella is now car man too; New CEO & MD of Tata Motors

Marc Llistosella has been appointed to the role of Chief Executive Officer and Managing Director of Tata Motors company effective July 1, 2021.

OLA to deploy ABB robotics, automation solutions at electric scooter factory

Ola, one of the leading mobility companies in the world, has announced that it has selected ABB as one of its key partners for robotics and automation solutions for its mega-factory in India that will roll out the m...

Union Budget 2021-22: There is a buzz in the Electric Vehicle Space

The Union Budget 2021-22 presented by Nirmala Sitharaman may not have given a single sop to the electric vehicle industry but those in this electric vehicle space are upbeat over the indirect measures in the Union B...

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 ...

Hero MotoCorp surpasses 100 million cumulative production milestone

Leading motorcycle and scooter manufacturer Hero MotoCorp has surpassed the significant milestone of 100 Million (10 crores) units in cumulative production. The 100 millionth bike, the Xtreme 160R, was rolled-out of...

Stellantis begins its journey with new Board of Directors AUTO INDUSTRY NEWS

Finally and formally two major car companies of the world, Peugeot S.A. (Groupe PSA) of France and Fiat Chrysler Automobiles N.V (FCA) of Italy, have merged and a new entity has emerged, Stellantis. The word Stellan...

Motherson Sumi Systems acquires Bombardier EWIS business in Mexico.

Motherson Sumi Systems Limited (MSSL), via its Mexican subsidiary, Motherson Rolling Stocks S. de R.L. de C.V. (MRS), has signed an asset sale and purchase agreement to acquire the activities of Electrical Wiring In...

Grinntech unveils high-tech batteries for Indian EVs

Grinntech, an investor-backed start-up specialising in Lithium-Ion batteries for EVs and energy storage systems, has unveiled a range of high-tech batteries with unique designs customised to Indian conditions along ...

Thierry Bolloré appointed as new Chief Executive Officer of Jaguar Land Rover

Former CEO of Groupe Renault, Thierry Bolloré has been appointed as the new Chief Executive Officer of Jaguar Land Rover, effective 10 September 2020. This announced was made by Chandrasekaran, Chairman of Tata Son...

Apollo Tyres aims leadership in premium two-wheeler segment in India

Apollo Tyres is aiming for leadership in the premium two-wheeler segment in India, and service the global markets with high-end bias and steel radial tyres. The premium segment constitutes nearly 20% of the two-whee...

Amara Raja Batteries, Gridtential Energy  partner on Bipolar Technology

Amara Raja Batteries Limited, India’s leading Industrial and automotive battery manufacturer and Gridtential Energy, the inventor of Silicon Joule bipolar battery technology have announced that they have entered int...

Huawei partners with carmakers to cultivate 5G automobile ecosphere

Huawei, the world’s leading information and communications technology (ICT) provider, has established an alliance with 18 automakers to build a 5G-enabled automobile ecosphere to accelerate commercial use of 5G tech...

Automobili Lamborghini produces surgical masks, medical shields

Automobili Lamborghini is converting departments of its super sports car production plant in Sant’Agata Bolognese in order to produce surgical masks and protective plexi glass shields. The masks will be donated to t...

COVID-19 PANDEMIC: Indian auto industry puts best foot forward

In spite of the fact that the Indian auto industry will be incurring a loss of approximately Rs 50,000 crore in turnover for the 21-day plant shutdown as a result of the countrywide lockdown due to the ongoing coron...

M&M, Maruti Suzuki, Krishna Maruti, Bharat Seats gear up to make ventilators, masks

Unmindful of the huge losses that the auto industry is incurring because plant shutdowns as a result of the country-wide lockdown in the midst of coronavirus or covid-19 fears, several auto companies and auto compon...

Hero Motocorp halts operations at all manufacturing plants globally, including India

Hero MotoCorp has decided to halt operations at all its global manufacturing facilities – including in India, Colombia and Bangladesh - and the Global Parts Centre (GPC) at Neemrana with immediate effect until March...

Warburg Pincus to invest $150 million in Apollo Tyres

The Board of Directors of Apollo Tyres Ltd has approved an issuance of compulsorily convertible preference shares in the company worth Rs 1080 crore million (approximately US$150 million) to an affiliate of Warburg ...

Ralf Speth to retire as CEO, Jaguar Land Rover; To continue as vice chairman of JLR

Ralf Speth has decided to retire from his current role as Executive Director and Chief Executive Officer of Jaguar Land Rover at the end of his contract term in September 2020. He will however, continue his relation...

CK Birla owned NEI acquires Kinex Bearings in Europe

National Engineering Industries Ltd (NEI), part of the USD 2.4 billion diversified CK Birla Group, announced the acquisition of Kinex Bearings through its wholly owned European subsidiary. Kinex Bearings is an inter...

Anand Mahindra, Dr Goenka part of top M&M management restructuring

Anand Mahindra will take on the role of Non-Executive Chairman of the Board of Mahindra & Mahindra Ltd with effect from April 1, 2020. Dr. Pawan Goenka will be re-designated as Managing Director and CEO of the compa...

Groupe PSA, FCA to merge into Euros 170 billion auto behemoth

Barely five months after rejecting French auto major Groupe Renault as its bed partner, Fiat Chrysler Automobiles (FCA) has hopped back into the bed with another French automobile major – Groupe Peugeot S.A. Accordi...

Goodyear new range of tyres for cars & SUVs

Goodyear India has launched two new products Assurance DuraPlus 2 and Wrangler AT SilentTrac for the Indian market. Assurance Duraplus 2 range of tyres are designed for small-to-mid-sized passenger cars and Wrangler...

GST rate on all electric vehicles reduced from 12% to 5%

The government has announced the reduction of Goods and Services Tax (GST) rate on all electric vehicles from 12% to 5%. The GST rate on charger or charging stations for Electric vehicles is also reduced from 18% to...

22Kymco to set up plant in Bhiwadi for electric, gasoline scooters

22Kymco, a joint venture between 22Motors and Kwang Yang Motor Company (Kymco) has announced setting up a manufacturing facility in Bhiwadi, Haryana.

Government EV targets need to be practical says auto industry

The Indian auto industry is not too happy with the aggressive road map being laid out by the government in bringing electric vehicles into the country. Both the Society of Indian Automobile Manufacturers (SIAM) and ...

FCA withdraws merger proposal to Groupe Renault

The Board of Fiat Chrysler Automobiles which met under the Chairmanship of John Elkann, has resolved to withdraw with immediate effect its merger proposal made to Groupe Renault.

Anand Group announces tri-party joint venture with Joyson Safety Systems

Anand Group, a leading manufacturer of automotive components in India, further consolidated its presence in the Indian automotive safety systems vertical. It announced the formation of a Tri-Party Joint Venture to m...

Tata AutoComp to supply battery packs for EVs in India

Tata AutoComp Systems, India’s leading auto-component conglomerate has signed a joint-venture with Chinese company Guoxuan Hi-Tech, to design, engineer, manufacture and supply battery packs for the Indian four-wheel...

Mahindra Logistics successfully trains 10000 drivers across India

Mahindra Logistics, the largest 3PL solutions providers in the Indian logistics industry, successfully trained 10000 drivers across India as a part of Pradhan Mantri Kaushal Vikas Yojana (PMVKY). The training, condu...

Toyota, Suzuki announce major global initiatives on new technologies

Toyota Motor Corporation (Toyota) and Suzuki Motor Corporation (Suzuki) have finally elaborated on their plans to work together not only in India but also globally by leveraging each other’s core strengths on electr...

Hyundai, Kia invest Rs 2062 crore in India’s mobility service provider Ola

Hyundai Motor Group and Ola, one of the world’s largest ride-hailing platforms, announced a strategic partnership under which Hyundai Motor Company (Hyundai) and Kia Motors Corporation (Kia) will make their biggest ...

Desay SV completes acquisition of German antenna technology company ATBB

On March 13, 2019, Huizhou Desay SV Automotive Co., Ltd. announced the closing of the acquisition of Antennentechnik ABB Bad Blankenburg GmbH (ATBB), an advanced antenna technology company based in Germany. This mar...

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 ...

SIAM hosts 13th edition of Styling and Design Conclave

The 13th SIAM Styling and Design Conclave and 11th Automotive Design Challenge organised by the Society of Indian Automobile Manufacturers (SIAM) based on the theme: ‘Shaping Tomorrow’s Mobility Business’ saw a myri...

Venkatram Mamillapalle is new MD of Renault India from March 1, 2019

Venkatram Mamillapalle will takeover as Managing Director for Renault India Private Limited and Head of Renault Operations in India from Sumit Sawhney, effective March 1, 2019. Sawhney will be moving to a new positi...

8th EV Expo 2018 concludes successfully with new launches

Electric vehicle manufacturers like Gonenka Electric Motors, Mahindra Electric, ETO Motors, Soni E-vehicle, Altius Technologies, Geekay E-Bicycles, HIM Technoforge, Thukral Electric Bikes, Champion Polyplast and o...

SUN Mobility and SmartE partner to transform EV adoption in the country

Sun Mobility, a leading provider of energy infrastructure and services for electric vehicles (EVs), announced a partnership with SmartE, India’s largest electric vehicle fleet operator, to deploy its universal energ...

It’s official now, Carlos Ghosn discharged from Nissan Chairman post

It is official now. Nissan’s legendary Chairman Carlos Ghosn has been shown the door by the management of Nissan Motor Company in Japan. The decision to discharge Ghosn of his post as Chairman of Nissan was taken by...

Nissan Chairman Carlos Ghosn arrested for financial misconduct allegations

One of automobile industry’s most powerful leaders, Carlos Ghosn of Renault-Nissan-Mitsubishi Alliance was arrested by the authorities in Japan on November 19, 2018.

Nissan Chairman Carlos Ghosn faces arrest, says Japanese newspaper

After the massive scandal that rocked the Volkswagen Group over doctored diesel emissions a few years ago, here comes another one involving the top man of Renault-Nissan-Mitsubishi Alliance Carlos Ghosn for financia...

Log 9 Materials working on metal-air battery to run EVs

Log 9 Materials, an IIT Roorkee spin-off working in nanotechnology domain is working on a metal-air battery concept to revolutionise the energy sector. The company is making a commercially viable product on this und...

BKT Arvind Poddar inducted into tyre industry’s 2018 ‘Hall Of Fame’

Balkrishna Industries Limited (BKT), India’s leading manufacturer of off-highway tyre has announced that its Chairman & Managing Director Arvind Poddar has been inducted in the 2018 Tyre Industry Hall of Fame instit...

Twenty Two Motors and KYMCO join forces to make future of EVs better in India

Indian electric vehicle manufacturer Twenty Two Motors and KYMCO, a Taiwanese two wheeler manufacturer announced their partnership in India enabling them to share knowledge, technology and expertise to create premi...

MG Motor India empowers 12 start-ups in auto-tech space

Underlining its focus on driving innovation across the communities, MG Motor India has shortlisted 12 start-ups under its ongoing ‘MG Innovation Grand Challenge’ programme in an event held at IIT Delhi.

Indian cars to have mandatory pedestrian safety features

Global New Car Assessment Programme (GNCAP) , a UK-based charity that conducts crash safety tests on cars across the world, which is hosting its first ever ‘Global NCAP World Congress’ in New Delhi, India in partner...

Escorts Annual Esclusive 2018, Launch of Automated Agri concept tractor - Esclusive 2018, Interview with Nikhil Nanda, Chairman & Managing Director, Escorts Ltd.

Escorts Limited, a leading engineering company, unveiled its unique Automated Farming Solutions with the launch of Ind...

Global Mobility Summit 2018: Hero Cycles wants better e-bicycle penetration

On the occasion of India’s first Global Mobility Summit, organised by the government’s think tank, the NITI Aayog at New Delhi, Pankaj M Munjal, Chairman, Hero Motor Company made an impassioned plea to policy makers...

Nissan plans worldwide line up for India as part of major strategy

Nissan has decided to bring the best of its worldwide lineup to India and also launch a product offensive in the country as part of its new strategy for India. As part of this Nissan strategy, the company will launc...

SIAM urges government for long term policy roadmap

The Society of Indian Automobile Manufacturers (SIAM), an industry body representing India’s automobile sector, held its 58th Annual Convention titled “Building the Nation, Responsibly”. During the convention, th...

58th ACMA Session: Huge opportunity awaits Indian auto component industry

Tremendous opportunities await the auto component industry in India on the back of the growing vehicle consumption in India on one hand and the introduction of next generation mobility on the other. ACES – Autonomou...

Nikhil Nanda appointed Chairman, Managing Director of Escorts Ltd

The Board of Directors of Escorts Limited has appointed Nikhil Nanda as the Chairman and Managing Director of the company. Nikhil Nanda has succeeded Rajan Nanda, former Chairman and Managing Director of Escorts Lim...

Rico Auto forays into 4-wheeler aftermarket; completes one year in 2W aftermarket

After one year of successful journey of Rico Auto in the aftermarket two-wheeler market, the Arvind Kapur-controlled company has announced its foray in the 4- wheeler aftermarket component segment. The announcement ...

Escorts Chairman Rajan Nanda passes away

Rajan Nanda, Chairman and Managing Director of the Escorts Limited, passed away on August 5, 2018 after a brief illness. He was 76 years. Nanda joined Escorts in 1965 at the age of 23, and in 1994, he took over as t...

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...

Vikram Pawah appointed as CEO of BMW Group in Australia and New Zealand

Vikram Pawah has been appointed as the CEO of BMW Group Australia and New Zealand and has been promoted as the Chairman of BMW Group India.

Uno Minda acquires German software company iSYS RTS GmbH

Minda Industries Limited, flagship company of Uno Minda Group has announced acquisition of Germany based iSYS RTS GmbH, a leading developer of embedded systems and software to global vehicle manufacturers. The agree...

Audi and Hyundai plan to develop fuel cell technology

Audi AG and Hyundai Motor Group are driving the development of fuel cell technology. The two companies plan to cross-license patents and grant access to non-competitive components. The agreement is currently subject...

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...

Nissan announces expansion plans in Africa, Middle East & India

Nissan Motor Co., Ltd. unveiled a major expansion strategy in the Africa, the Middle East and India region as part of the company’s six-year mid-term plan, Nissan M.O.V.E. to 2022.

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...

Mahindra signs MOUs with Maharashtra Govt. for EV manufacture and deployment

Mahindra & Mahindra Ltd has signed two Memoranda of Understanding (MoUs) with the Government of Maharashtra (GoM), to further its next phase of expansion in electric vehicles (EVs) and achieve its vision of becoming...

Daimler DigitalLife Day, a 2-day digital extravaganza held in India

Following three successive editions in Germany, Daimler DigitalLife Day was held in Bangalore, hosted by Mercedes-Benz Research & Development India (MBRDI). Around 3,000 attended the two-day annual digital extravaga...

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...

Sumitomo Corporation buys 49% stake in Mukand Sumi Special Steel

Sumitomo Corporation has brought a 49% stake for Rs 1180.99 Cr in the joint venture company, Mukand Sumi Special Steel Limited, a leading specialty steel supplier for the fast growing automotive and engineering indu...

Audi plans to sell 800,000 electrified cars in 2025

Audi aims to sell approximately 800,000 fully electric cars and plug-in hybrids in the year 2025. At the Annual General Meeting of AUDI AG held on May 9, 2018, the Board of Management presented the updated “Audi.Vor...

Mahindra launches Automobili Pininfarina, a luxury car brand

After acquiring the Italian design house Pinifarina sometime back, Mahindra & Mahindra has announced the launch of Automobili Pininfarina, the world’s newest sustainable luxury car brand. Automobili Pininfarina will...

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...

Deepak Jain appointed Chairman & MD, Lumax Industries

Lumax Industries Limited, a leader in end-to-end automotive lighting solutions in India, has announced the appointment of D.K. Jain as Chairman Emeritus and Chief Mentor to the Board, with effect from April 1, 2018...

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...

Precision Camshafts acquires precision machinist MFT of Germany

Global auto ancillary major Precision Camshafts Ltd has announced its second acquisition with the taking over of German precision machinist MFT Motoren und Fahrzeugtechnik GmbH (MFT) through its wholly owned Duth su...

Maxxis Tyres inaugurates Rs 2640 crore India manufacturing plant

Maxxis Rubber India, a sub-company of Maxxis Group, the largest two-wheeler tyre manufacturer in the world, inaugurated its first manufacturing facility in Sanand, Gujarat. The plant was inaugurated by Vijaybhai Rup...

EESL to issue fresh tender for additional 10,000 electric cars

Minister of Power, New and Renewable Energy, R K Singh launched the National E-Mobility Programme in India. In line with the Government of India’s vision of 100% e-mobility by 2030, Energy Efficiency Services Ltd (...

New Lexus India team launches LS500h luxury sedan

With a new management in place at Lexus India, the company launched the highly anticipated fifth generation LS500h which will soon be available in India at a starting price of Rs 1.77 crore. The Lexus LS500h is now ...




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