Honda Activa continues to be No. 1 selling 2 Wheeler brand in India

No, it’s not just the BMW, Mercedes-Benz and MG Motor cars that are selling like hot cakes this festive season. Midway into the festive season, Honda’s iconic Activa scooter has once again cemented its leadership as...

Bajaj Auto motorcycle domestic Sept 2019 sales take a hit of (-) 35pc

Leading two wheeler maker in India and one of the largest exporters of two wheelers in the country, Bajaj Auto recorded a slump of (-)22pc in total sales in September 2019.

As millennials brood, Maruti Suzuki Sept 2019 domestic sales slip by 27.1pc

The millennials are still brooding, or so it seems as September domestic sales of total passenger vehicles slipped by as much as (-) 27.1per cent. The company sold a total of 110454 units in September 2019 as compar...

Aug 2019 sales of passenger vehicles drop -32pc, 2w -22pc, CVs -39pc, 3w -7pc

Passenger vehicles Aug 2019 sales recorded a minus 31.57 pc slump at 196524 units as compared to 287198 units in Aug 2018. This has been revealed in the latest sales and production data released by the Society of In...

Automobile market has not responded till now to FM’s incentives, says SIAM President

The Society of Indian Automobile Manufacturers (SIAM) President Rajan Wadhera has said in a press release that the sales report coming out from various companies for the month of August 2019 has been very dismal wit...

Maruti Suzuki total sales in August 2019 drops 33 per cent

Maruti Suzuki India Limited sold a total of 106,413 units in August 2019 both in the domestic segment as well as exports. This includes 94,728 units in domestic market, 2,333 units of domestic OEM sales and 9,352 un...

Mahindra passenger sales down 32 per cent in Aug 2019

Mahindra & Mahindra Ltd. (M&M Ltd.) in the passenger vehicles segment (which includes UVs, Cars and Vans), sold 13,507 vehicles in August 2019, compared to 19,758 vehicles in August 2018. This is a 31.63pc drop in s...

CCI slaps Rs 17 crore penalty on Japan’s JTEKT for “cartelisation”

The Competition Commission of India (CCI) has in its latest order imposed a penalty of Rs 17.07 crore (Rs 17,07,31,443/-) on Japan based JTEKT/ JSAI , manufacturers of power steering for automobile manufacturers In ...

Varroc to acquire 74% stake in CarIQ, a leading Telematics solution provider

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 ...

July 2019 sales of passenger vehicles slump -31pc, 2W -17pc, CVs -26pc, 3W -8pc

For the ninth consecutive month, domestic sales of vehicles in India continued with its free fall as passenger vehicles July 2019 sales recorded a minus 30.98pc slump at 200790 units as compared to 290931 units in J...

Tata Power, Tata Motors join hands to install e charging stations

Tata Power and Tata Motors have announced their partnership to install 300 fast charging stations by the end of the FY20, across key five cities namely Mumbai, Delhi, Pune, Bangalore and Hyderabad.

MG Motor India retails 1,508 units of Hector SUV in first month

MG Motor India announced its retail sales figure – it sold 1,508 units of the MG Hector, the country’s first internet car, in July 2019.

Maruti Suzuki domestic sales plunge by more than 36pc at 96478 units for July 2019

Market leader Maruti Suzuki domestic sales for July 2019 has plunged by more than 36 per cent with total units sold at 96,478 compared to 152,427 units recorded in July 2018.

Mahindra passenger vehicles domestic sales in July 2019 records -15 per cent dip

Utility vehicle manufacturer Mahindra & Mahindra recorded a negative growth of 15 per cent in sales for July 2019 for its passenger vehicles division which comprises utility vehicles, cars and vans. The company sol...

Bajaj Auto domestic sales dip 15 per cent in July 2019

For the month of July 2019, leading two wheeler manufacturer recorded a negative 15 per cent growth in sales for motorcycles in the domestic market at 170978 units as compared to 201433 per cent in July 2018.

Guardians to be jailed, fined for offences by juveniles driving vehicles

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

KSL Cleantech Limited, Huaihai Holding Group JV for electric vehicle business

KSL Cleantech Limited (formerly known as Kirti Solar Limted) has entered into a Joint Venture (JV) with the China’s Huaihai Holding Group, one of the largest companies in the field of electric mini vehicles.

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%.

Steep hike in private ICE vehicle registration fees proposed

In order to boost the buying and use of electric vehicles in the personal passenger vehicle segment in future, the government is proposing a steep hike in the fees for issue and renewal of registration of private ve...

MoRTH draft notification for CMVR amendments to boost electric vehicles

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

Automobile sales and production head south in June 2019

Both production and sales continue to take a hit in the Indian auto industry, as the month of June 2019 too shows no signs of recovery. The downhill drive continues for the industry, according to the latest sales an...

KSL Cleantech plans to scale up electric vehicle business

Building on the success of its solar business, Kolkata-based KSL Cleantech Ltd. (formerly known as Kirti Solar Limited), one of the largest and most experienced solar photovoltaic companies in India, is gearing up t...

Besides 18-year low, every passenger vehicle player registers negative growth in May 2019

While the month of May 2019 registered an 18-year low in terms of domestic sales for passenger vehicles (PV), the disturbing factor is that each and every of the 17 PV player recorded a negative growth. Such is the ...

Mercedes-Benz appoints Santosh Iyer as the Head of Sales and Marketing for India

Mercedes-Benz India announced an organisational change in its sales and marketing function effective from July 1, 2019. Santosh Iyer, currently Vice President of Customer Service & Corporate Affairs has been appoint...

Downhill drive continues for Indian auto industry in May 2019

Both production and sales have taken a hit in the Indian auto industry for the month of May 2019. The downhill drive continues for the industry, according to the latest sales and production data shared by the Societ...

FCA submits proposal for merger with Groupe Renault

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...

MG Motor India commences commercial production of Hector from Gujarat

MG (Morris Garages) Motor India, part of the mammoth China based SAIC Group, rolled out the first production version of Hector from its state-of-the-art facility at Halol in Gujarat. Hector, MG’s first car in India,...

Ather Energy announces entry into Chennai in June

Ather Energy products will not be available in Chennai by June 2019. Chennai is the second city the company is entering after its commercial launch in Bengaluru in 2018. With this, Ather plans to be in 30 cities ove...

Mahindra and Ford set to develop a compact SUV

Mahindra Group and Ford Motor Company have taken the next step in strengthening their ongoing strategic alliance in India with a definitive agreement to co-develop a midsize sports utility vehicle (SUV). Under the n...

SIAM, CCI, ACMA organise workshop on competition issues in auto industry

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...

Cabinet approves Scheme for FAME India Phase II for e-mobility

The Union cabinet chaired by Prime Minister Narendra Modi approved the proposal for implementation of scheme titled 'Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME India Phase II)' fo...

MG Motor India invests Rs 150 crore in new corporate office in Gurugram

MG (Morris Garages) Motor India inaugurated its new corporate headquarters in Gurugram. The commercial space for the new India headquarters, acquired by the company at a cost of Rs 150 crore, will also house the com...

Devashish Handa is VP, Sales, Marketing at Suzuki Motorcycle India

Suzuki Motorcycle India Private Limited (SMIPL) has announced the appointment of Devashish Handa as the new Vice President for Sales, Marketing& After-Sales. In this capacity, he will be responsible for driving SMIP...

International Passive Safety Seminar calls for road safety and safe vehicles

The 2nd International Passive Safety Seminar (iPASS-2018) was conducted at ICAT, Manesar on December 13 and 14, 2018. The theme of the seminar was “Safe Vehicle, Safe Life”. The seminar aimed to spread the awareness...

Isuzu Motors India opens Regional Training Centre in New Delhi

Isuzu Motors India inaugurated a new ‘Regional Training Centre’ in New Delhi. Located at Mohan Cooperative Industrial Area, the new training centre will impart comprehensive training to the service personnel includi...

CNG infrastructure development will lead to massive cut in oil bills

Developing India’s CNG infrastructure could help achieve 50pc natural gas vehicles penetration by 2030 leading to crude oil import savings of Rs 11 lakh crore.

China’s SAIC Motor Corporation to leverage technology prowess to make cars in India

SAIC Motor Corporation, the biggest vehicle manufacturer in China, will soon be starting operations in India through MG Motor India, its fully owned subsidiary. SAIC, which has acquired a massive technological prowe...

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...

Mahindra First Choice Wheels enters premium used cars business with ‘Edition’

Mahindra First Choice Wheels, India’s leading multi-brand certified used car company has launched its “Edition” brand, the country’s first premium used cars franchise network.

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...

Continental appoints new Plant Manager for Modipuram tyre plant

Technology company and premium tyre manufacturer Continental has announced the appointment of Kuldeep Singh as plant manager for its tyre plant in Modipuram-Meerut, India. Kuldeep Singh succeeds Vivek Devgun who lef...

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...

Honda Navi sells 1 lakh units

Honda Motorcycle and Scooter India Pvt Ltd (HMSI) announced the Honda Navi has recorded 1 lakh customers. The Fun motorcycle, Honda Navi was launched at the Auto Expo 2016. The Honda Navi is the first 100% indigenou...

Tata Motors to ramp up Sanand facility; 100% capacity utilisation

To further meet growing demand for its new generation passenger vehicles, Tata Motors announced its ramp up plans for the Sanand plant. Operating at 100% capacity utilisation currently, the plant has so far rolled o...

Major organisational changes in Bajaj Auto; Rakesh Sharma is new CCO

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...

Isuzu Motors India rolls out 10,000th vehicle from SriCity plant

Isuzu Motors India rolled out the 10,000th vehicle from its factory located in SriCity, Andhra Pradesh. The company rolled-out an Isuzu D-Max V-Cross from its assembly line marking the milestone and commitment to th...

Martin Schwenk to replace Folger as new MD & CEO, Mercedes-Benz India

India’s leading luxury car maker Mercedes-Benz has announced the appointment of Martin Schwenk as the new Managing Director and CEO of its India operations effective from Nov 1, 2018. Martin Schwenk will replace Rol...

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...

MAHINDRA & MAHINDRA SCALES NEW HEIGHTS---Sunny Side Up

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...

Tata Motors signs MoU with Maharashtra to promote e-mobility in State

As part of the World Environment Day celebrations, Tata Motors signed a Memorandum of Understanding (MoU) with the State Government of Maharashtra for deployment of 1000 Electric Vehicles (EV) across its range of p...

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...

Shriram Transport Finance inks MoU with HPCL

Shriram Transport Finance Company Limited Ltd (STFC), has inked an MOU with Hindustan Petroleum Corporation LTD (HPCL) to offer credit based fuel filling services to its customers on digital platform.

Vishal Sharma is CEO, Schenker India–India & Indian Sub-continent

Schenker India Pvt. Ltd, part of DB Schenker, the transport and logistics division of the Deutsche Bahn Group, has appointed Vishal Sharma as the New Chief Executive Officer – India and the Indian sub-continent, wit...

Triumph Motorcycles India steps up presence in tier 2, unexplored markets

Triumph Motorcycles India Private Limited, a leading premium luxury motorcycle manufacturer based in the UK, has formalised a strategy to make its presence in India’s tier II market and other unexplored markets. The...

Mahindra, Ford sign MoUs to co-develop midsize SUV, EV & connected car solutions

Mahindra Group and Ford Motor Company will jointly develop new SUVs, and a small electric vehicle as part of several initiatives announced between the two companies. The two companies signed five new memoranda of...

Force Motors, Rolls Royce sign JV agreement for gen sets

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...

Volkswagen Group to produce electric vehicles worldwide on massive scale

The Volkswagen Group will be stepping up its e-mobility drive with 16 locations around the globe getting ready to produce battery powered vehicles by the end of 2022. This was announced recently by Matthias Müller, ...

Kinetic Green, Lamborghini family of Italy form joint venture

Pune based Kinetic Group’s company Kinetic Green Energy & Power Solutions Ltd signed a MOU (Memorandum of Understanding) with luxury brand Tonino Lamborghini to jointly set up a new joint venture company in India (i...

India’s first BS VI compliant vehicle- Mercedes-Benz S 350 d

Luxury car brand Mercedes-Benz achieved a historic milestone in the Indian automotive industry, by being the first automobile brand in India to launch the first ever BS VI compliant vehicles, ‘Made in India, for I...

Mercedes-Benz sells record 15,330 in Calendar year 2017

Luxury car brand Mercedes-Benz India clocked the highest ever yearly, half-yearly and also Q4 sales in 2017. By registering record sale of 15,330 units in the January to December 2017 period, Mercedes-Benz grew its ...

Samvardhana Motherson acquires MS Global India

Samvardhana Motherson International Limited (SAMIL), the principal holding company of Samvardhana Motherson Group has announced that it has successfully acquired 100% of MS Global India Pvt Ltd (MSGI), from the Kore...

Tata Motors sales grow 52% in Dec 2017; Ends 2017 with strong CV, PV sales

Tata Motors recorded a strong sales performance for December 2017. The Commercial and Passenger Vehicles domestic sales in December 2017 was at 54,627 units as against 35,825 units in December 2016, a growth of 52%...

Maruti passenger vehicles grow by 11pc in December 2017

Leading passenger car manufacturer Maruti Suzuki India Limited sold a total of 118560 units of passenger vehicles in the domestic market in December 2017, as compared to 106388 units in December 2016, thereby growin...

Mahindra utility vehicle sales take a hit, CVs, tractors sales grow

Mahindra & Mahindra Ltd. (M&M Ltd.) passenger utility vehicles, the mainstay of its passenger vehicles, suffered a negative growth in domestic market sales in December 2017, recording 14514 units as compared to 1595...

Bajaj exports more than domestic sales in December 2017

Leading two-wheeler manufacturer Bajaj Auto which manufactures and sells motorcycles under the brand name Bajaj and KTM, has managed to export more motorcycles out of India than its total domestic sales. The company...

Govt to implement Methanol 15 pc blending with petrol, says Gadkari

India is shortly going to implement Methanol 15% blending programme with petrol and the cost of petrol is expected to come down immediately by 10% and M100 programme for buses and trucks is also to be implemented sh...

Tata Motors delivers first batch of the Tigor Electric Vehicles to EESL

Tata Motors delivered the first set of Tigor Electric Vehicles (EVs) to state-run Energy Efficiency Services Limited (EESL) as part of their initiative to procure 10,000 electric vehicles. Guenter Butschek, CEO & MD...

Kinetic Engineering Limited records a 48% growth in Q2 revenues

Kinetic Engineering Limited, part of the Kinetic Group of Companies headed by Arun Firodia which transformed its business from two-wheelers to auto component systems since 2009, has in a board meeting held on Decemb...

Tata Motors rolls out 10,000th Nexon SUV

Tata Motors has rolled out its 10,000th Nexon from the Ranjangaon facility in the state of Maharashtra in western India. The Nexon which is the company’s fourth iteration of the Impact design philosophy, is a Lifest...

Indian Auto industry figures Oct 2017, a quick glance

A total of 2,162,164 units of vehicles that included passenger vehicles, commercial vehicles, three-wheelers and two-wheelers were sold in the country and 314,397 units exported.

Who’s sold more, who’s sold less? Indian Auto industry figures Sept 2017

Here are some interesting facts about the Indian automotive industry in terms of domestic sales and exports. These figures have been culled out from the production, sales and exports figures for the month of Septemb...

JBM Group denies recovery of Rs 7 crore cash and gold in I-T raids

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...

Tata Motors to deliver 10,000 Tigor e-sedans to Indian government

E-Mobility in India got a real hard push when leading commercial and passenger car manufacturer in India, Tata Motors emerged as the lowest bidder in the tender floated by Energy Efficiency Services Ltd (EESL), a jo...

Erstwhile partners M&M and Ford explore strategic cooperation

After more than two decades of Mahindra & Mahindra joining hands with Ford to form a joint venture and subsequently ending the JV in 2005, both the automobile companies have come together again to explore a strategi...

Force Motors ties up with Rolls Royce Power Systems

Leading commercial vehicle and engine manufacturer and Abhay Firodia controlled Force Motors has entered into a non-binding term sheet with Rolls Royce Power System AG (R-RPS) to form an Indian joint venture company...

Additional cess on cars could take prices above pre-GST levels

The government has announced a graded duty revision on cars, as part of the GST (Goods & Service Tax) council’s rate revision. As part of this graded increase, an additional cess of 2% has been levied on mid-size c...

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.

Dr. Tim Leverton calls it quits at Tata Motors

Dr. Tim Leverton, President and Chief Technical Officer has decided to leave the company and relocate to UK for personal reasons. Tata Motors announced on September 4, 2017 that Dr. Timothy (Tim) Leverton has decide...

Royal Enfield 3rd manufacturing facility begins commercial production

Motorcycle manufacturer Royal Enfield has started commercial production from its new manufacturing facility at Vallam Vadagal near Chennai, Tamil Nadu in India. Spread over 50 acres, the Vallam Vadagal plant will be...

Tata Motors appoints PB Balaji as new Chief Financial Officer

Tata Motors has appointed P B Balaji as the new Chief Financial Officer of the Tata Motors Group from November 2017. Balaji is a global finance professional with over two decades of experience in the corporate secto...

Bajaj Auto, Triumph Motorcycles UK global partnership for mid-capacity bikes

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...

Increase in GST cess on luxury cars will reverse positive momentum, says Mercedes

Mercedes-Benz India has categorically stated that the decision of the Goods and Services Tax Council to raise the cess on luxury cars from the current level of 15pc to 25pc will be a strong deterrent to the growth o...

HMSI  inaugurates 4th assembly line in Karnataka plant

With the inauguration of the 4th assembly line at the Karnataka plant of Honda Motorcycle & Scooter India (HMSI), India is now the biggest production base of Honda worldwide. The new 4th line of 0.6 million annual c...

Steffen Knapp is Director, Volkswagen Passenger Cars India

Steffen Knapp has been appointed as Director, Volkswagen Passenger Cars India. The position was previously held by Michael Mayer who recently took up the role of ‘Head of Sales and Marketing’ for Volkswagen Passenge...

Girish Wagh is Head of Commercial Vehicle Business Unit at Tata Motors

Tata Motors announced the appointment of Girish Wagh as the Head of Commercial Vehicle Business Unit and a member of the Executive Committee (ExCom).

Mahindra First Choice Wheels includes premium bikes

Mahindra First Choice Wheels Ltd. (MFCWL), India’s leading multi-brand used car products and services company, has now entered the space of used premium two wheelers. The company will initially focus on the premium ...

Experts welcome GST rates, but baffled on rates for hybrids, small cars

Beginning with the Society of Indian Automobile Manufacturers (SIAM), several experts and bodies have welcomed the Goods and Services Tax (GST) rates on automobiles in the country. The 14th Goods and Services Tax (G...

Volvo Auto India to assemble cars in Hoskote, Karnataka

Premium car maker Volvo Cars will start vehicle assembly operations in Hoskote, near Bengaluru in the Indian state of Karnataka in 2017. Volvo Cars has established a company in India by the name of Volvo Auto India ...

Amanppreet Singh Bhatia is new Group HR Head, Escorts

Escorts Ltd., leading Agriculture & Infrastructure Solutions manufacturer, has appointed Amanppreet Singh Bhatia as the new Group HR Head. Amanppreet has more than 25 years of experience across commercial vehicle & ...

SC bans BS III vehicles; Industry saddled with 8.2 lakh vehicles

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...

Yamaha YZF-R3, Cygnus Ray-ZR win India Design Mark (I Mark)

India Yamaha Motor has received the prestigious India Design Mark (I Mark) certification from the India Design Council for its products, the YZF-R3 and Cygnus Ray-ZR. This is the 6th consecutive year that Yamaha has...

Bajaj Auto first to comply with BS IV emission norms

Bajaj Auto has announced that it is ready to comply with EPCA’s direction of neither selling nor registering any pre – BS IV vehicle from April 1, 2017. The company announced that all its two and three-wheelers manu...

Tata Motors, Castrol announce global strategic partnership

Tata Motors and Castrol have announced the signing of a three-year strategic partnership agreement for supply of Commercial Vehicle Oils to Tata Motors globally. The agreement will cover over 50 markets including SA...

Triumph Motorcycles celebrates 3 years in India; Inaugurates 14th dealership

Triumph Motorcycles India Private Limited – a subsidiary of the iconic British motorcycle manufacturer Triumph Motorcycles, announced the opening of their all new dealership facility in East of Kailash, New Delhi – ...

ExxonMobil participates as a technical partner at CII energy meet

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...

7 millionth car rolls out of Hyundai Motor India plant in Chennai

A top of the trim, white Creta AT, which had the distinction of creating history in the Hyundai world by being the 7 millionth car, rolled off the production lines with Y.K Koo, Managing Director, Hyundai Motor Indi...

Ather Energy gets Rs 205 cr funding from Hero MotoCorp

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.

Mahindra acquires controlling stake in Classic Legends

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...

Joerg Mommertz is new Chairman & MD, MAN Trucks India

Joerg Mommertz has joined MAN Trucks India as Chairman & Managing Director with effect from October 1, 2016. He has around 36 years of diversified management experience.




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