Ford to cease manufacturing vehicles in India: shuts down plants

Ford India has announced that it will cease manufacturing vehicles for sale in India immediately. The manufacturing of vehicles for export will wind down at Sanand vehicle assembly plant by Q4 2021, and Chennai engi...

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...

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...

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...

Huawei launches a full set of intelligent vehicle components for OEMs

At Auto Shanghai 2021, Huawei has launched its next-generation intelligent components and solutions, including the 4D imaging radar, AR-HUD, and MDC 810 during its Huawei Inside (HI) product launch titled "Focused ...

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 ...

Coronavirus can disrupt India’s automotive supply chain, says ICRA

The domestic automotive industry is likely to be negatively impacted due to the recent outbreak of coronavirus (COVID-19) across China and neighbouring countries in South-East Asia.

Besides selling cars, Cars24 now offers buying option too

Cars24, a leading tech platform for used cars, was till recently a very popular platform for people to sell their used cars. Now the company has announced that consumers can buy cars from its platform. It will now o...

Ford hands over control to Mahindra in India through new joint venture

Ford India will be transferring its Indian operations, including its personnel and assembly plants in Chennai in Tamil Nadu and Sanand in Gujarat, as well as the Global Business Services unit, Ford Credit and Ford S...

Mahindra acquires 11.25% stake in Swiss agri-tech firm Gamaya for Rs 30.04 crore

Mahindra & Mahindra’s Farm Equipment Sector (FES), a part of the Mahindra Group announced an investment of CHF 4.3 million (US$4.3 million- Rs 30.04 crore approx.) for an 11.25% stake in Switzerland based agri techn...

Slow takeoff for electric cars in India, says Bloomberg study

As dependence on conventional fossil fuels abates considerably all over the world in the coming years, electricity generated by wind, sun and batteries will define the way power is generated. The share of coal will ...

Kookhyun Shim is new MD and CEO of Kia Motors India

Kia Motors India (KMI) has announced the appointment of Kookhyun Shim as Managing Director and Chief Executive Officer with immediate effect. Shim will be responsible for driving Kia Motors’ expansion in the Indian ...

Advik Group bags Rs 350 crore order from Magna International

Advik Hi-Tech, a leading global automotive component manufacturer announced that it has won 6 orders for supply of Transmission Oil Pumps from Magna Powertrain, the largest independent supplier of 4WD/AWD systems gl...

Mahindra, Uber join hands to deploy electric vehicles

Mahindra, Uber join hands to deploy electric vehicles

Kia Motors to invest Rs 7072 crore in plant in Andhra Pradesh

South Korea’s leading car manufacturer Kia Motors is investing US $ 1.1 billion in India to build manufacturing plant in the state of Karnataka in South India. The construction of the Kia Motors manufacturing plant ...

Kia plant in India likely to be part of Hyundai Group US$ 73 billion global investments in 2015-18

Hyundai Motor Group has earmarked around US$73 billion in facilities and R&D between 2015-2018. The US $44 billion Kia Motors Corporation, a leading car manufacturer based in South Korea and a company which is part ...

EXCLUSIVE- Kia is coming- Will it be Hyundai’s trump card

There has been a lot of speculation about car manufacturer Kia Motors of South Korea making an entry into India. According to highly placed sources, Kia is definitely on its way into India and is actively considerin...

Mahindra and Ola enter into strategic alliance

Mahindra & Mahindra Ltd has signed an MOU with shared transportation platform, Ola to empower 40,000 driver partners across India by 2018. Through this strategic alliance, they aim overall vehicle sales and financin...

Automotive business thrives in South India: 2016

‘Kabali’, the blockbuster Tamil movie starring south Indian superstar Rajnikanth got off to a roaring start in July 2016 across cinema halls in India. While Rajnikanth is, without doubt, a showstopper and a star to ...

‘Make in India’ loses sheen in auto components industry; Records degrowth in exports

For the first time in five years, “Make in India” lost some of its sheen in the Indian auto components industry as imports increased dramatically and exports recorded a negative growth. Exports recorded (-) 3.7pc gr...

Ford India’s Chennai plant produces one millionth vehicle and engine

Ford India’s Chennai plant has reached a production milestone by rolling out the one millionth vehicle and engine at its Chennai Vehicle Assembly and Engine Plant (CVAEP). The company had started its operations in 1...

Hero MotoCorp sets up global facility in Colombia, a first for the company

Leading Indian motorcycle manufacturer Hero MotoCorp Ltd. (HMCL) set a historic milestone with its ‘first’ global manufacturing facility, at Villa Rica, in Colombia going operational, on September 8, 2015.

BHARAT FORGE LTD: Forging a Make in India Global Plan

For the Rs 7,625 crore Kalyani group controlled by Baba Kalyani, ‘Make in India” has been a way of life. For long, this group which has business interests in the fields of automotive, energy, rail, marine, aerospace...

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 1: Tamil Nadu

Five states comprising Tamil Nadu, Kerala, Andhra Pradesh, Karnataka and the newly formed state of Telangana make up South India. Among these, it’s Tamil Nadu that is way ahead when it comes to its contribution to t...

Interview with James R. Verrier, President and CEO, BorgWarner Inc.

BorgWarner is a global product leader in powertrain solutions. The company focuses on developing leading powertrain technologies that improve fuel economy, emissions and performance. Its facilities are located acros...

Interview with Sandeep Balooja, Vice President, ACMA

Interview with Sandeep Balooja, Vice President, Automotive Component Manufacturers Association of India / Member-Anand Management Committee/ Executive Chairman- Mando

Ford sets the ball rolling in Sanand with new plant inauguration

Ford Motor Company is betting big in India and has on March 26, 2015 inaugurated an integrated manufacturing facility including a state-of-the-art vehicle manufacturing facility and a world-class engine plant in San...

Lego overtakes Ferrari as the world’s most powerful brand

Lego brand scores highly on a wide variety of measures on Brand Finance’s Brand Strength Index such as familiarity, loyalty, promotion, staff satisfaction and corporate reputation. Lego is a uniquely creative and im...

Interview with Scott Fallon, General Manager, Automotive, SABIC’s Innovative Plastics business

SABIC is the Saudi Basic Industries Corporation, one of the world’s leading manufacturers of chemicals, fertilizers, plastics and metals. Ranked among the world’s largest petrochemicals manufacturers, SABIC is a pub...

Hero MotoCorp “garden factory” in Neemrana

The Hero MotoCorp Ltd plant at Neemrana in Rajasthan has gone on stream. The plant will contribute towards enabling the company to surpass 100 million units in cumulative production by year 2020.

AMP 2016 growth targets to fall short of 20-25pc

The sluggish macro-economic factors during the last three years have led to a significant slowdown, which is amongst the worst that the Indian automotive industry has witnessed. This has impacted the pace of growth ...

Mahindra Logistics receives Rs 200 cr investment

Mahindra Logistics of Mahindra Group has received an investment of Rs 200 crore for a significant minority stake from Kedaara Capital, according to a media release from the company. This is the venture capitalists’ ...

Unique Spyker bond offers B6 Venator as redemption

Dutch supercar maker Spyker N.V may have delayed its plans to enter India but has in the meantime introduced first-of-its-kind investment opportunity to support launch of its Spyker B6 Venator. The company has creat...

Interview with Amit Dakshini, Chief Strategy Officer, Varroc Group

Our vision is to become a global conglomerate and we will be working on multiple directions to further our objectives. On one hand, we will continue to enhance our base in the two-wheeler market by adding new custom...

Interview with H.P. Nanda, Director - Strategy and Growth Initiatives, DuPont India

Collaboration has always been our DNA and we firmly believe in our science-based solutions to truly make a difference. We make one of the advanced polymers which will be able to replace metals in the automobile to m...

Apollo Tyres snaps up US-based Cooper for US$ 2.5b

Apollo Tyres Ltd and Cooper Tire & Rubber Company have announced the execution of a definitive merge

Interview with Samit Mitra, Vice President-Sales and Services, Su-Kam Power Systems Ltd.

Unlike cosmetics or garments, the battery industry is a wee bit conservative in popularising its products. This is because our customers make are not making a pleasure-seeking purchase, but a harassment one. So we h...

Interview with Dinesh Tyagi, Director, International Centre for Automotive Technology (iCAT)

In the next five years, we should be looking at revenue of close to 150 crore. By that time, we will be able to ramp up our headcount to over 400. Within a distance of 7km from iCAT, we will be establishing another...

Interview with Nitin Prasad, Managing Director, Shell Lubricants India

Our association with Ferrari is over 60 years old. And there are a number of benefits that we derive out of it. Formula One is all about raw speed, power, engine performance, etc. It is not only the question of heat...

Varroc Group concludes acquisition of Chinese JV

Varroc Group has announced their acquisition of the Visteon equity interest in its China-based light

Interview with Vinnie Mehta, Executive Director, Automotive Component Manufacturers Association of India (ACMA)

Interview with Vinnie Mehta, Executive Director, Automotive Component Manufacturers Association of India (ACMA)

Thapar group co bags  order for 90EV charging stns

The automation arm of Crompton Greaves (CG), ZIV Metering Solutions, has bagged an order to supply I

Interview with Ashwani Muppasani, VP-Sales, Marketing & After-Sales, General Motors India

What we are offering with the Sail U-VA is value, space, etc. The most encouraging thing is that we don’t have any negativity about this product. Whoever has bought it is very happy, says Ashwani Muppasani

URB India to invest Rs 353 crore in Rajasthan unit

URB Group, one of the leading European bearing makers, has announced that

Interview with Glenville da Silva, President, ICEMA & Vice President of Business Development, Asia, Volvo Construction Equipment (Volvo CE)

Interview with Glenville da Silva, President, ICEMA & Vice President of Business Development, Asia, Volvo Construction Equipment (Volvo CE)

National Electric Mobility Mission Plan 2020 soon

The National Electric Mobility Mission Plan 2020 is expected to be launched by Prime Minister Manmoh

US$ 43.4 bn earned by industry in FY2011-12: ACMA

ACMA, the apex body representing India’s Auto Component manufacturing industry

Interview with Vikram Malhotra, Vice President, Marketing & Sales, JK Tyre & Industries Limited

Interview with Vikram Malhotra, Vice President, Marketing & Sales, JK Tyre & Industries Limited

52nd ACMA session on its industry transition held

ACMA, the apex body of the Auto Component Industry in India today hosted its 52nd Annual session

Interview with Sunil Gupta, CEO, Avis India

We are very happy with the way the car rental business has shaped up. This is because as the market is evolving, our clients are feeling the need to have high-quality organised sector players who offer a very high s...

Ford India expands engine plant by 36pc

Ford India has announced it has completed the expansion of its engine plant, increasing annual engin

Mahindra introduces vehicles for Kenya

Mahindra & Mahindra Ltd., the country’s leading utility vehicle manufacturer and a part of the US$ 1

Interview with Jun Nakata, Director - Sales and Marketing, India Yamaha Motor Pvt. Ltd.

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...

Interview with Shiv Inder Singh, Managing Director, Firefox Bikes

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 ...

Renault-Nissan gets majority stake in Avtovaz

The Renault-Nissan Alliance and state corporation Russian Technologies have agreed to create a joint

Interview with Sumit Sawhney, Vice President (Marketing, Sales and Aftersales), General Motors India

a few of our international models are available in LHD configurations. That’s always a challenge. But from a performance point of view, we have the relevant models like the Cruze in India. It has been the segment le...

Interview with Anil Dua, Senior Vice-President (Marketing & Sales), Hero MotoCorp

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.

Interview with Anil Dua, Senior Vice-President (Marketing & Sales), Hero MotoCorp Ltd.

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.

Ford India lays foundation for US$ 1 billion plant

Ford India is laying the foundation for its new US$1 billion state-of-the-art, integrated manufactu

Manish Sahi to lead Volvo Buses India

With India poised to play a key role in the Asia region, the Volvo Buses has announced that Manish S

Union Budget 2012-13 & auto industry

The Annual Budget 2012-13 has been tabled in the parliament and is widely believed to move and shake

Caterpillar to invest US$150 mn for engine unit

Caterpillar Inc. , a leading American machine and engine manufacturer, has announced that it will

Interview with S. Sandilya, Chairman, Eicher Motors Ltd. & President, SIAM

We normally look at it from the perspective of task and finishing. But my take on that it is a continuous journey. There is no end to any organisation’s growth. It’s a continuous journey and if you look at it from E...

Anand Mahindra appointed as honorary envoy

Anand Mahindra, Vice Chairman and Managing Director, Mahindra Group, has been appointed Honorary Amb

Mercurio Pallia Logistic  to start trailer unit

Mercurio Pallia Logisitcs Pvt Lts, a joint venture company between Gruppo Mercurio SPA of Italy and

Ford India breaks ground on new site in Gujarat

Ford India broke ground for its new, state-of-the-art integrated manufacturing facility in Sanand

Auto comp industry earns US$ 39.9 bn revenue

ACMA, the apex body representing India’s Auto Component manufacturing industry, has announced

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

NK Minda Group rolls out four-wheeler CNG kits

NK Minda Group rolls out four-wheeler CNG kits

‘Namaste Gujarat’: Ford India to invest Rs 4000 cr

Ford Motor Company announced it will build an integrated manufacturing facility in Gujarat

Nissan produces 100,000th Micra in India

Nissan produces 100,000th Micra in India

Ford India starts prodn of all-new Ford Fiesta

Ford India starts production of all-new Ford Fiesta

Apollo Tyres partners Ideal Motors in Sri Lanka

Apollo Tyres partners Ideal Motors in Sri Lanka

Apollo Tyres focuses on Dubai as a hub

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

Ford India announces U.S. $72m investment

Ford India announces U.S. $72m investment to increase engine plant output

Eaton Corporation opens its first integrated test

Eaton Corporation opens its first integrated test lab in India

N K Minda Group opens design centre in Taiwan

N K Minda Group opens design centre in Taiwan

Hirotec to establish a Rs. 20 crore facility

Hirotec to establish a Rs. 20 crore facility in Coimbatore

Amara Raja Group dons new identity

Amara Raja Group dons new identity

ACMA seeks Rs. 7,500 crore Tech Fund

ACMA seeks Rs. 7,500 crore Tech Fund

Tenneco products for Toyota Etios

Tenneco products for Toyota Etios

Cummins India inaugurates its three plants

Cummins India inaugurates its three plants in India

TVS Logistics buys 100 pc of TVS America

TVS Logistics buys 100 pc of TVS America

Cummins India builds 3 plants for Rs 500 cr

Cummins in India has inaugurated its 300-acre project at Phaltan

Dana breaks ground on US$ 20 million tech centre

Dana Holding Corporation formally broke ground for a US$20 million ( Rs. 90 crore) tech centre

Ssangyong-Mahindra Sign Definitive Agreement

Ssangyong Motor Company M&M its preferred bidder, announced the signing of a definitive agreement

GM Inaugurates Flexi-Engine Plant in Talegaon

TALEGAON- General Motors has inaugurated its new flexible-engine facility at Talegaon near Pune...

Ford $ 500 million for China engine plant

CHONGQING, CHINA: Ford's JV, Changan Ford Mazda Automobile (CFMA) signed a Memorandum of Understandi

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




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