Auto Industry

Maruti Suzuki India Ltd (MSIL), the largest car makers in the country is now all set to become the largest car breakers of the country. The company has set up a vehicle scrapping and recycling unit at Noida in the s...

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. ...

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...

Honda Motorcycle & Scooter India announced the accomplishment of 5 crore (50 million) cumulative two-wheeler domestic sales in the country since start of its sales operations in 2001.

As announced on July 26, 2021, the Bajaj Group and the Austrian Pierer Group have simplified the shareholding structure in the operating KTM AG. Bajaj Auto Ltd. and its subsidiary Bajaj Auto International Holdings B...

TVS Motor Company has announced a partnership with Swiss technology company EGO Movement as a majority shareholder, in an all-cash deal through its Singapore Subsidiary TVS Motor (Singapore) Pte Ltd. The partnership...

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...

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...

Hyundai Motor India has inaugurated its new state-of-the art corporate headquarters in Gurugram. Present at the inauguration were Chief Minister of Haryana Manohar Lal along with SS Kim, MD & CEO, Hyundai Motor Indi...

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...

ZF Friedrichshafen AG (ZF) has divested its entire equity stake in Brakes India, a leading supplier of braking systems in the Indian market and a global supplier of ferrous castings. The acquisition of ZF’s equity s...

Toyota Kirloskar Motor (TKM), has announced the signing of a Memorandum of Understanding (MoU) with the Automotive Component Manufacturers Association of India (ACMA).

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...

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...

Indian auto companies like JCB India, MG Motor India, Maruti Suzuki and Hero MotoCorp have either shut down or are shutting down their plants for a few days as a result of the prevailing covid-19 conditions. Some of...

As part of its growth strategy in the shared mobility space, Mahindra and Mahindra Ltd. (M&M) announced that it has entered into definitive agreements with shareholders of Meru Travel Solutions Private Limited (Meru...

Jaya Hind Industries Private Limited, a Dr. Abhay Firodia group company, which has had a 12 year-long successful technical tie-up with KS Huayu Alutech GmbH (KSATAG) announced that the agreement for the manufacture ...

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...

While providing strong incentives to owners of old vehicles to scrap old and unfit vehicles through registered scrapping centres, the central government in its much awaited Vehicle Scrapping Policy has proposed that...

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...

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...

In another decade or so, by 2030, while buses and 4-wheeled passenger vehicles will have the least level of electric adoption, it will be two and three wheelers that will see a large adoption of electric vehicles. T...

23 Questions every car owner should be able to answer Interview with CV Raman, Sr. Executive Director, Engineering, Maruti Suzuki India Ltd. Raman san answers 23 critical question for car owners.

In this latest round of resumption of plant operations and other activities, Indian auto companies in the news include Tata Motors, Honda Cars India, Bridgestone India, Toyota Kirloskar Motor, Hero MotoCorp, Hyundai...

Pankaj Dubey, who was at the helm of affairs of Polaris India Pvt. Ltd, a wholly-owned subsidiary of Polaris Inc., since its inception for around 10 years, has moved on to pursue other career opportunities. In his p...

Honda Motorcycle & Scooter India Pvt. Ltd. is among the very few auto majors that managed to buck the negative trend because of the covid-19 threat as it closed March 2020 with total sales of 2,61,699 units as again...

Suzuki Motorcycle India Pvt. Ltd. (SMIPL) concluded the fiscal year on a positive note by registering 5.7% growth over FY2018-19.Cumulatively, SMIPL sold 790,397 units from April 2019 – March 2020, compared to 747,5...

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...

Having successfully liquidated all its BS4 stocks even at the dealership level, TKM sold a total of 7023 units of BS6 vehicles to its dealers (wholesales) in the month of March 2020. To lessen the burden on its deal...

Hyundai Motor India will be suspending its manufacturing operations at the Chennai facility from Monday, March 23, 2020 till further notice to stop the spread of coronavirus (COVID-19) - a global pandemic.

Honda Motorcycle & Scooter India Pvt. Ltd. announced precautionary measure as it diligently monitors current COVID-19 pandemic situation. The company has temporarily announced shutdown of operations across all its f...

Toyota Kirloskar Motor (TKM) has decided to temporarily halt production in its plant in Bidadi, Karnataka till further announcement. The decision was taken keeping in mind the safety and security of the company’s em...

Indian bicycle major Hero Cycles Ltd has acquired a strategic stake in German premium e-bike manufacturer HNF Group. Hero Cycles has taken this stake together with German investment trust holding IBG Beteiligungsges...

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...

Mahindra Two Wheelers Europe, a subsidiary of Mahindra & Mahindra Ltd. (M&M Ltd), will be acquiring all outstanding shares in Peugeot Motocycles (PMTC), taking its share to a complete 100pc. Peugeot Motocycles, a ma...

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...

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...

Varroc Engineering Limited, a global Tier 1 auto component manufacturer, has agreed to acquire 74% stake in the Pune-based CarIQ Technologies, a leading integrated connected vehicle solution provider to OEMs, fleet ...

Very soon, traffic violations will invite huge penalties for motorists in India as the Motor Vehicles (Amendment) Bill, 2019 was passed by Rajya Sabha.

The Ministry of Road Transport & Highways has issued a draft notification for amendments to the Central Motor Vehicles Rules for providing a boost to electric vehicles

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...

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 ...

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...

Fiat Chrysler Automobiles N.V. has delivered a non-binding letter to the Board of Groupe Renault proposing a combination of their respective businesses as a 50/50 merger. Groupe Renault has confirmed receipt of a pr...

As India moves towards adopting complete electric mobility by 2030, the International Centre for Automotive Technology (ICAT), located in Manesar, in the northern automotive hub of India, have begun to offer testing...

Society of Indian Automobile Manufacturers (SIAM) in association with the Competition Commission of India (CCI) and Automotive Component Manufacturers Association of India (ACMA), organised a workshop on competition...

Society of Indian Automobile Manufacturers (SIAM) kick-started the Road Safety Week campaign at Delhi’s India Gate. This year’s event on the theme “Sadak Suraksha – Jeevan Raksha” has been organised in association w...

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.

Just to give you a perspective of the company, SAIC sells almost 70 lakh cars per year and the Indian market is 30 lakhs per year. So this company is the market leader. They have got various brands and lots of platf...

ZF Friedrichshafen AG, a global leader in driveline and chassis technology as well as active and passive safety technology, is uniquely positioned to support its customers’ new safety requirements that will be intro...

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...

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...

Automotive Component Manufacturers Association of India (ACMA) has appointed Ram Venkataramani, Managing Director, India Piston Rings as its new President while Deepak Jain, Managing Director, Lumax Industries Ltd. ...

Greaves Cotton, one of India’s leading diversified engineering companies, announced that they have entered into definitive agreements pursuant to which Greaves Cotton will acquire a majority stake in EV company Ampe...

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...

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 ...

Leading motorcycle manufacturer Bajaj Auto has appointed Rakesh Sharma the company’s Chief Commercial Officer (CCO), a post newly created, with immediate effect. The announcement was made through in an internal comm...

Volvo Cars, the premium car maker, has completed the first strategic investment via its newly-founded investment fund by taking a stake in Luminar, a leading start-up in the development of advanced sensor technology...

Magenta Power, one of the leading service providers of renewable energy solutions in association with Exicom, has installed India’s first solar charging station (DC Fast Charge) for electric vehicles in Turbhe, Navi...

Volvo Cars, the premium car maker, has announced new financial and operational ambitions that will position the company as a leading player in the global automotive business by the middle of the next decade.

Auto and farm equipment major Mahindra & Mahindra has finally found its place in the sun after several years of perseverance and hard work, the last three years being significant ones that led to the company transfo...

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...

There is an urgent need in India for development of mobility that is safe, clean, affordable, shared and smart. And in order to achieve this, several steps need to be taken by the government and other stakeholders. ...

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 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...

After creating a new world record by becoming the only company in India and the world to add 1 million incremental sales in one year, Honda Motorcycle & Scooter India Pvt. Ltd. (HMSI) has earmarked Rs 800 crore inve...

Technology companies Continental and Osram have successfully concluded their negotiations on the Osram Continental GmbH joint venture. The joint venture, in which each of the partners has a 50 percent stake, aims to...

Michigan (US) based Adient, a global leader in automotive seating which produces and delivers automotive seating for all vehicle classes and all major OEMs has formed a joint venture with India’s Arvind Ltd, one of...

Rolls-Royce Power Systems and Pune-based automobile manufacturer Force Motors have signed a joint venture agreement in which Force Motors will hold a 51% and Rolls-Royce Power Systems a 49% stake. The new joint vent...

MG Motor India will be investing a total of Rs 5000 crore in six years time in India and will be launching its first vehicle, a sports utility vehicle (SUV), in India in the first quarter of calendar 2019. The comp...

Faurecia, a global leader in areas of automotive seating, interior systems and clean mobility has partnered with Clean Air Asia to explore effective technology solutions to improve air quality and enhance industry a...

Brembo Brake India which is engaged in development, production and sales of disc brake systems for 2 wheelers with the Bybre brand has launched two new products for the scooter and motorcycle segment at the Auto Ex...

Technology company Continental has signed a definitive agreement to acquire a 5 percent indirect ownership stake in HERE Technologies, a global leader in mapping and location services. The share will be sold by HERE...

Taking into account the serious pollution levels in Delhi and adjoining areas, Petroleum Ministry in consultation with Public Oil Marketing Companies (OMCs) has decided for advancing of BS-VI grade auto fuels in NCT...

Technology companies Continental and Osram have announced their intention to establish a joint venture. The idea is to combine innovative lighting technology with electronics and software to develop, manufacture and...

Immediately after a news agency reported that Income Tax officials had raided the premises of SK Arya controlled US $ 1.2 billion JBM Group (Jai Bharat Maruti) and had recovered around Rs 7 crore cash and three kilo...

The erstwhile car manufacturing plant of General Motors India in Halol, Gujarat was taken over by MG Motor, a UK based company. The Halol facility will now be the manufacturing plant for MG Motor. The company announ...

Magneti Marelli has acquired a stake in LeddarTech Inc., a worldwide leader in solid state LiDAR (Light Detection and Ranging) sensing technology. Magneti Marelli and LeddarTech have also entered into a technical an...

The Automotive Component Manufacturer Association of India (ACMA), an apex body which represents India's auto component manufacturing fraternity has announced the appointment of Nirmal K. Minda, Chairman & Managing ...

Prashanth Doreswamy will succeed Claude d'Gama Rose as the Market Head of Continental India and Managing Director, Continental Automotive India. Rose who will be retiring shall be succeeded by Doreswamy on October 1...

Triumph Motorcycles of UK and Bajaj Auto have announced a global partnership to deliver a range of mid-capacity motorcycles (300cc to 500cc) benefiting from the collective strengths of both companies. This partnersh...

Volvo Cars is planning to set up a new joint venture technology company with Geely Holding, the Chinese car group, to share existing and future technology, deepen industrial synergies and provide the economies of sc...

Hitachi Automotive Systems and Honda Motor Co announced the establishment of a joint venture company for the development, manufacture and sales of motors for electric vehicles on the premises of Hitachi Automotive S...

Sasken Technologies (formerly Sasken Communication Technologies), a leading product engineering and digital transformation solutions provider, recently showcased its automotive expertise with its automotive accelera...

Mahindra Electric, manufacturer of electric vehicles (EV) and a part of the Mahindra Group, has unveiled a comprehensive technology and product roadmap, leading to the next generation of electric vehicles, which the...

General Motors India officially announced that that it has ceased production at the Halol facility in Gujarat. With this move, the company has decided to consolidate its manufacturing at the Talegaon plant in Mahara...

The Supreme Court has banned sale of Bharat Stage III (BS-III) vehicles after March 31, 2017. This ruling will have an adverse effect on the Indian automobile industry which currently has an unsold inventory of near...

Motherson Sumi Systems Ltd (MSSL) has acquired Finland based global auto component major PKC Group Plc for approximately Euro 571 million (Rs 4026 crore approx.)., a move that will help the Vivek Chaand Sehgal led ...

The Indian automotive aftermarket stood at Rs 56,098 crore (USD 8.4 billion) in 2016-17 with a total vehicle parc of 228.7 million across the country. The Indian automotive aftermarket is expected to reach Rs. 75,70...

PSA Group of France and CK Birla Group have signed joint-venture agreements to produce and sell vehicles and components in India by 2020. It was in 1976 that Citroën S.A. and Peugeot S.A. merged to form the PSA Peug...

International Automotive Components (IAC) and Shanghai Shenda Co. Ltd. (Shenda) have announced the signing of a definitive agreement to form a global joint venture (JV) partnership to supply soft trim and acoustics...

Rockman Industries, a Hero Group company has acquired a majority stake in Moldex Composites, a British-Indian venture, thereby making its intention known that it is investing in next-gen carbon composites technology...

ExxonMobil Lubricants Private Limited participated as a technical partner at Confederation of Indian Industry’s (CII) third edition of workshops with industry associations and technical discussions with Accredited E...

Rohit Saboo receives Ashoka Award for quality management

The slugfest between the ousted Chairman of Tata Sons Cyrus Mistry and the Tata Group is appearing to go in favour of Mistry, with the latest developments vindicating him on several stands.

Bengaluru based Ather Energy, the smart electric two-wheeler start-up, announced a fresh round of funding of Rs 180 crores from Hero MotoCorp for 26-30% stake.

Cyrus Mistry who was ousted from his position as Chairman of Tata Sons finally came out with his guns blazing in a hard hitting letter to the Directors of Tata Sons and to the Trustees of the Tata Trusts. He said in...

Mahindra & Mahindra is on an acquisition spree in both its four-wheeler as well as two-wheeler businesses. After buying controlling stakes in companies like car maker Ssangyong of South Korea and Italian vehicle des...

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...

Huntsman Corporation has named Harshad Naik as Managing Director, India Subcontinent, effective September 2016. Huntsman manufactures products for a variety of global industries, including automotive.