Kia Motors India is fastest among manufacturer to reach 1 lakh sales milestone

Kia Motors India has achieved the historic milestone of 1 lakh cumulative sales in the Indian market. The company becomes the fastest among other ca manufacturers to reach this landmark in just eleven months since t...

FCA India launches pre-owned Jeep Compass business ‘SELECTEDforYOU’

Three years after the successful launch of the first ever made-in-India Jeep, FCA India has announced the introduction of its all new certified pre-owned vehicle business - ‘SELECTEDforYOU’

BMW Group India recommences operations at plant, dealerships

BMW Group India has restarted operations on June 1, 2020 in accordance with government guidelines. Consumers can once again safely explore and experience the complete range of BMW, MINI and BMW Motorrad products at ...

Tata Motors, Bridgestone, Hyundai, Okinawa, Nissan, JK Tyre reopen plants

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...

BMW, Mercedes-Benz, TVS, Royal Enfield, VECV, others resume production

Indian auto companies that were forced to shut their plants in the wake of the lockdown that followed the precautions against covid-19 pandemic have now started their local production at their respective plants acro...

Honda 2Wheelers India temporarily shuts down operations

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...

Maruti Suzuki provides driving training to 50 lakh aspirants

Maruti Suzuki has achieved the milestone of providing state-of-the-art driving training to 50 lakh aspirants, cumulatively. The milestone includes cumulative figures of the candidates being trained in learner, refre...

Maruti Suzuki Ertiga clocks 500,000 sales in 8 years

Clocking cumulative sales of 5 lakh units in eight years, Maruti Suzuki Ertiga has emerged as India’s best-selling urban MPV. Brand Ertiga has found widespread acceptance among its customers

Maruti Suzuki WagonR going strong for last 20 years in India

The iconic Maruti Suzuki WagonR, owned by over 24 lakh families, has completed two decades since its launch in 1999. Consistently featured amongst India’s 10 top selling cars in the last 20 years, WagonR has success...

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...

Delta Electronics India introduces E-Mobility Tech Experience Centre

Delta Electronics India, a leading Power and Energy management company, has unveiled its state-of-the-art E-Mobility Tech Experience Centre aimed at strengthening electric vehicle charging infrastructure of the coun...

Mahindra Two Wheelers Europe to acquire 100pc Peugeot Motocycles

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 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...

Maruti Suzuki BS6 compliant vehicles find wide acceptance

Maruti Suzuki India Limited announced that it has received enthusiastic response from its customers for the BS6 range of vehicles.TheBS6 models offered by the company currently constitute around 70% of the total pet...

Suzuki Motorcycle India bucks sliding trend and grows 18pc in July 2019

While the entire automobile industry sales have taken a severe beating in July 2019, Suzuki Motorcycle India bucked the sliding sales trend and registered an 18 per cent sales growth in July 2019.

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.

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

Honda all new Amaze crosses 1 lakh sales milestone in 13 months

Honda Cars India Ltd. (HCIL) has announced that its all new 2nd generation Amaze has crossed 100,000 sales mark in just 13 months since its launch in mid May 2018. To commemorate the success of the model, HCIL has i...

Ather 450 is FAME 2 compliant, will receive increased subsidy of Rs. 27,000

Ather Energy has announced that their flagship intelligent scooter, Ather 450 is FAME 2 compliant and will receive an increased subsidy of Rs. 27,000. Though orders for the scooter have continued in Bengaluru throug...

Skoda Auto India introduces ‘EasyBuy assured buyback on Superb model

Skoda Auto India has announced ‘EasyBuy’, an assured buyback programme across the Superb model range. This programme has been made available exclusively through Skoda Financial Services. The ‘EasyBuy’ programme will...

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 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...

Honda Cars India commences production of all-new 10th generation Honda Civic

Honda Cars India Ltd. (HCIL) has commenced the production of the all-new 10th generation Honda Civic. The car is being manufactured at HCIL’s Greater Noida plant.

Nippon Paint X’press car paint concept centre launched

In an industry first initiative, Nippon Paint, Asia’s leading paint manufacturer has announced the launch of Nippon Paint X’press, its unique car painting and car care centre concept in India. The first Nippon Paint...

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...

Yamaha NTGP / NPGP 2018 winners announced

India Yamaha Motor Pvt Ltd. (IYM) has declared the winners of the National Technician Grand Prix (NTGP) 2018 and National Parts Manager Grand Prix (NPGP) 2018 conducted by the company at its Surajpur plant on Nove...

Hero Electric unveils the third chapter of Super Sikh Run

Hero Electric, manufacturers of electric two- wheelers, unveiled the third chapter of Super Sikh Run in an event at the capital. Over the years Super Sikh Run has successfully managed to carry out Half Marathons whi...

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...

Honda 2Wheelers India launches ‘Honda Joy Club’

Entering its milestone 18th year in India, Honda 2Wheelers India announced its Honda Joy Club – its first ever customer loyalty programme. It is the biggest and 1st digital loyalty programme in the history of Indian...

Mahindra Introduces leasing for retail buyers

Mahindra & Mahindra Ltd (M&M Ltd) has announced the introduction of leasing for retail buyers, a unique ownership experience for customers of its personal range of vehicles. This offering has been designed at a mont...

TVS NTorq 125 crosses 1 lakh sales mark

TVS Motor Company has announced that their 125cc scooter offering TVS NTorq 125 has crossed the 1 lakh sales mark. The brand has also introduced a new colour – Metallic Red ahead of the festive season. TVS NTorq ...

Mahindra Logistics introduces Electric Vehicles for employee commute in Kerala

Mahindra Logistics (MLL), one of India’s largest 3PL solution providers, has introduced Electric Vehicles (EV) to its fleet of employee transportation vehicles in Kerala. The vehicles are eVerito models of Mahindra ...

TVS Ntorq 125 launched in Sri Lanka for LKR 2,54,900

TVS Motor Company has launched its 125cc scooter, TVS NTORQ 125 in Sri Lanka at LKR 2,54,900 (ex-showroom Colombo) for the drum brake variant and LKR 2,65,900 (ex-showroom Colombo) for the disc brake variant. Armed ...

Motorcycle brand TVS Apache crosses 3 million sales milestone

TVS Motor Company announced that its premium motorcycle brand, TVS Apache has crossed a key sales milestone of 3 million units. Launched in 2005, the TVS Apache series of motorcycles is considered to be the fastest...

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...

FCA files trade complaint against Mahindra in US; Says Roxor is a copy of Jeep

Automotive major Fiat Chrysler Automobiles (FCA) has filed a trade complaint against the Anand Mahindra-controlled Mahindra & Mahindra (M&M) seeking to stop the latter from selling the Roxor off-road vehicle in the ...

Triumph delivers 701 Street Triple motorbikes in India

The Street Triple range is now the largest selling roadster range from Triumph in India, after the Bonneville and Tiger series. The sales of the Triumph Street Triple have been 701 units so far since its introductio...

Kia Motors India inaugurates 5 acre training centre at Anantpur Plant

Kia Motors India (KMI) has inaugurated a 5 acre training facility at its upcoming Anantpur plant. The company also introduced a Basic Technical Course (BTC) in Automobiles for skill development. This unique course i...

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...

Volvo Cars Tech Fund invests in automotive sensor company Luminar

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...

Anthill Ventures invests in Uniti electric car for Indian roads

Anthill Ventures, an investment and scaling platform for early growth stage startups that want to scale with speed, has announced its investment in Uniti, a Swedish urban mobility electric car startup. This investme...

Production commences for all-new 2nd Generation Honda Amaze

Honda Cars India Ltd. (HCIL) has commenced the production of its much awaited all-new 2nd Generation Honda Amaze. The car is being manufactured at HCIL’s Tapukara plant in India’s northern state of Rajasthan. India,...

Mahindra Electric, Zoomcar collaborate to offer self-drive EVs on rent in Delhi

Mahindra Electric and Zoomcar, India’s leading shared mobility platform, have collaborated to offer 100 e2oPlus, Mahindra’s all-electric city smart car on the Zoomcar platform in Delhi. The vehicles were launched on...

Honda 2 Wheelers commits Rs 800 crore investment for 2018-19

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...

Royal Enfield announces Rs 800 crore for plant expansion in2018-19

Royal Enfield, the global leader in mid-sized motorcycles, announced its planned capital expenditure of Rs 800 crore for the year 2018-19. The capex announced will include the commencement of construction of Phase-2...

Ducati India introduces Ducati Financial Services

Ducati India Pvt. Ltd., in partnership with Volkswagen Finance Private Limited (VWFPL), has launched Ducati Financial Services (DFS), which offers Ducati customers a personalised financing solution through the Ducat...

Maruti Suzuki achieves cumulative sales of 35 lakh with Alto

One of the country's most trusted car brands Maruti Suzuki has achieved a unique milestone by selling a cumulative 35 lakh units of their entry level hatchback - Alto. The company has been able to achieve a stable g...

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 ...

Toyota domestic sales dip 15pc in Dec 2017; Innova, Fortuner sales rise in CY 2017

Toyota Kirloskar Motor sold a total of 10793 units in the domestic market in December 2017. The company exported 812 units of the Etios series this month thus clocking a total of 11,605 units. In the month of Decem...

Hero Motocorp surpasses record 7 million unit sales in calendar year 2017

Hero MotoCorp Ltd., the world’s largest two-wheeler manufacturer, capped-off the calendar year (January-December 2017) with yet another global benchmark, surpassing the landmark seven million units in cumulative sal...

Twenty years on, the Honda City is still a city favourite

But many car brands have only matured with time, one of them being the Honda City from Honda Cars India Ltd, which has kick-started its celebrations to commemorate 20 successful years of Honda City in India.

BS -VI grade auto fuels rule kicks in Delhi NCT from April 1, 2018

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...

Volvo Auto India MD Tom von Bonsdorff completes tenure in India

Tom von Bonsdorff, Managing Director, Volvo Auto India has completed his tenure in India and has decided to pursue a new assignment within the Volvo Group in his home country Finland. Volvo Auto India will soon make...

Sales of Maruti Suzuki Smart Hybrid Vehicles surpass one lakh units

Maruti Suzuki India Limited has announced that its Smart Hybrid vehicles – Ciaz SHVS and Ertiga SHVS – have crossed cumulative sales of 100,000 units in February 2017. This marks the success of Maruti Suzuki’s effor...

Maruti Suzuki MD Kenichi Ayukawa awarded

Kenichi Ayukawa, MD & CEO, Maruti Suzuki India Limited, was awarded ‘Best CEO – Multinational Company’ at Forbes India Leadership Awards (FILA) 2016 in Mumbai. Ayukawa was selected for steering Maruti Suzuki towards...

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...

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...

Maruti Suzuki partners with Uber to create safe driving

Maruti Suzuki India Limited (MSIL) announced its partnership with Uber India through a Memorandum of Understanding (MoU) wherein the company will train over 30,000 individuals/Uber partner-drivers in safe driving ov...

Rear view sensors for cars will soon be mandatory

With an aim to reduce increasing risk to small children and pedestrians from reversing or rolling back motor vehicles , the government will soon make rear view sensors or backup camera’s mandatory on all new vehicl...

TWO-WHEELER SPECIAL: Standing Tall On Two Wheels

The Indian two-wheeler industry is gleefully hoping that the remaining months of the current fiscal 2016-17 will see a spurt in demand for two-wheelers.

Cabinet approves Motor Vehicle (Amendment) Bill 2016

The important provisions include increase in compensation for Hit & Run cases from Rs. 25000 to Rs. 2 lakhs. It also has provision for payment of compensation upto Rs 10 lakh in road accidents fatalities.

LUXURY CARS IN INDIA: A Painful Growth

In the bad old days, two words were often considered taboo – Sex and Luxury. In a conservative India, talking about sex was a big “No”. Equally, in a socialist driven economy, the term “Luxury” was pure blasphemy. B...

50,000th BMW rolls out of BMW plant in Chennai

BMW Plant Chennai has rolled out the 50,000th car locally produced in India.The all-new BMW 7 Series received the distinction of being the 50,000th car locally-produced in India. Launched at the Auto Expo 2016, the ...

Honda Motorcycle & Scooter India 4th plant in India inaugurated

Honda Motorcycle & Scooter India Pvt. Ltd. (HMSI) inaugurated its fourth manufacturing plant at Vithalapur (Mandal taluk, Ahmedabad district, Gujarat) in India. This green factory came up in a record 13 months!

Renault-Nissan Alliance plant in India produces one millionth vehicle

It’s time for celebrations at the Renault-Nissan's Alliance plant in India. The workforce at Renault-Nissan's Alliance plant in Oragadam near Chennai has reached a significant production milestone by manufacturing i...

No sale of new diesel vehicles with 2000cc plus engines till March 31: SC

Unmindful of the repercussions that it could have on the investment climate of the country, the Supreme Court on December 16, 2015 has put a blanket ban on sale of all diesel vehicles in Delhi that have an engine ca...

VW Group audit confirms misconduct and shortcomings

Germany based Volkswagen Group has admitted that the software-influenced NOx emissions behaviour of its cars in the US and elsewhere was due the interaction of three factors: The misconduct and shortcomings of indi...

Volvo creates awareness on developing sustainable eco system

In its ongoing efforts to create awareness on creating sustainable eco system, Volvo cars organised a panel discussion in the Capital to deliberate on the ills of air pollution and make recommendations for sustainab...

Volkswagen India will complete evaluation of affected cars by Nov end 2015

Even though unconfirmed reports have said that thousands of Volkswagen cars in India have been affected by the diesel emissions scam, Volkswagen Group India has stated that its representatives have met Government o...

Nissan sponsors global cricket events in major ICC partnership deal

Nissan (www.nissan.in) has agreed to a major eight-year deal with the International Cricket Council (ICC) that further strengthens its ties with global sport. The agreement, which runs through 2023, confirms Nissan ...

Volkswagen: Das Auto Scam

It’s the biggest scam to hit the global auto industry. No recall of a car, anywhere in the world, has ever had such a distasteful flavour of deceit and intrigue. Germany based Volkswagen has some of the best brands ...

VW Group restructured; Sacks employees involved in emission scandal

As a fallout of the massive US emission scandal involving Volkswagen, the Volkswagen Supervisory Board not only restructured the Volkswagen group but also recommended the immediate suspension of some of its employee...

Right hand drive Ford Mustangs for UK; India a definite market

Almost 2,000 Ford Mustang orders have been taken in the UK since January 2015 as the first right-hand drive cars begin to roll off the production line at Flatrock Assembly Plant in Michigan, North America. The ri...

SPECIAL REPORT ON INDIAN TYRE INDUSTRY: An Un-Tyre-ing Journey

The Rs 50,000 crore Indian tyre industry today has a few reasons to smile and a few reasons to frown. On the one hand, after a lull in the industry while the demand for tyres in 2015-16 is seeing a growth coupled wi...

Roland S. Folger is new MD & CEO of Mercedes-Benz India

Mercedes-Benz has appointed Roland S. Folger as the Managing Director and CEO of its India operations. Roland S. Folger will replace Eberhard Kern who will assume a new role for the European market. This was stated ...

South India Special Part 2: Karnataka

Karnataka is India’s eighth largest State in terms of area and 9th largest State in terms of population. Some of the prominent cities in the state are Bengaluru, Mysore, Mangalore, Belgaum, Gulbarga, Hubli-Dharwad,...

Starlit Power Systems Ltd JV to make next gen automobile batteries

Starlit Power Systems Ltd has signed a Joint Venture with China's second largest motorcycle and UPS battery manufacturing company Guangdong Dynavolt Technologies wherein, Guangdong Dynavolt will acquire 24pc of equi...

SAMIL plans 60 automalls all over India soon

India’s one-stop destination for pre-owned vehicles and equipment, Shriram Automall India Limited (SAMIL) has been on an aggressive expansion drive. While focussing largely on South India, the company reported maxim...

TVS Jupiter crosses 500,000 units sales

TVS Motor India has reason to celebrate as its scooter model Jupiter has crossed the 500,000 units sales milestone. It achieved this in 18 months since its introduction into the market. TVS Jupiter was launched in S...

Mahindra Scorpio registers its highest ever annual sales in FY15

The iconic Mahindra Scorpio SUV has crossed the 50,000 milestone in unit sales in FY15, for the 4th consecutive year. According to a press release, the Scorpio sold 51,553 units in FY15, being the highest ever annua...

Datsun completes 1 year in India

After Nissan revived Datsun globally, through the Nissan-Renault Alliance, it introduced the brand into India a year ago. April 11, 2015 marked the first anniversary of Datsun in India for which the company hosted t...

Motown India April 2015 issue out on stands

What have we got for you in our April 2015 Issue of Motown India? Well, for starters, we take a look at all the cars and bikes launched in the month of March which includes the Range Rover Evoque which will now be m...

Shiroki Corp Japan acquires majority stake in Technico JV

Shiroki Corporation (an affiliate of Toyota Motor Corp), one of the leading global players for interior and exterior components for automobiles, has taken a 51pc equity stake in a new joint venture company with Tech...

Ducati re-enters India with official subsidiary

Italian motorcycle major Ducati, the makers of Diavel, Hypermotard, Monster and Superbike, has now re-entered the Indian market with an official subsidiary, Ducati India Private Limited. The company will now be prov...

Union Budget reactions from the Indian auto industry

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

Electric Motor scores over internal combustion engine in Union Budget 2015-16

The Electric Motor seems to have scored over the conventional internal combustion engine in the Union Budget 2015-16. And rightly so! The electrical vehicle industry has been bleeding profusely in the last few years...

Royal Enfield to manufacture 450,000 motorcycles in 2015

Having achieved the best ever sales of over 300,000 units for 2014, Royal Enfield, a division of Eicher Motors Ltd (EML) is planning to manufacture 450,000 units in 2015 with a view to becoming a leader in the glob...

Kevin Flynn is new President & MD, Fiat Chrysler Automobiles India

Fiat Chrysler Automobiles (FCA) India has announced the appointment of Kevin Flynn as the new President and Managing Director for India Operations. In a press release, FCA India said this appointment is effective im...

Mercedes-Benz India takes the BEST step forward

Having recorded sales of more than 10,000 units in calendar year 2014, Mercedes-Benz India wants to ensure that it Lives the Best. So, for 2015 Mercedes-Benz India announced its strategy founded on its brand philoso...

Audi India ends 2014 with record sales of 10851 units

German luxury car manufacturer Audi has closed the year on a record high by notching up an impressive sale of 10851 units in 2014. This marks the seventh successive year of growth for the company which last year bec...

Bosch Chairman connects lives with humour and meaning at CIS 2015

Dr. Werner Struth, Chairman, Robert Bosch LLC and Member of the Board of Management, Robert Bosch GmbH combined these attributes at the International Consumer Electronics Show (CES) 2015 in Las Vegas, Nevada (USA) t...

Record breaking year for Honda 2-Wheeler in 2014

Ever since Honda and Hero went their separate ways, Honda has been on fire. Honda Motorcycle & Scooter India Pvt. Ltd. (HMSI) closed 2014 with a bang as it created many new benchmarks in the industry across the year...

Constitution Amendment Bill on GST tabled in Lok Sabha

After the Union Cabinet approved the proposal for introduction of a Bill in the Parliament for amending the Constitution of India to facilitate the introduction of Goods and Services Tax (GST) in the country on Dece...

Two-wheelers need to meet BS-IV norms from April 1, 2016

Bharat Stage(BS)-IV emission norms for vehicles shall be mandated in India for two wheelers manufactured on or after April 1, 2016 for new types of vehicles models. Exactly a year later from April 1, 2017 this norm...

After targeting autos, Durr now eyes India’s railway space

Global mechanical and plant engineering firm, Dürr is hoping to offer its highly advanced technology as one of the solutions for the Indian Railway’s ambitious hi-speed corridor bullet train projects.Dürr’s activiti...

Hero Electric launches Avior e-cycles for Rs.19290

Hero Electric has launched Avior e-cycles in India bringing highly affordable eco-friendly mobility technology from Germany to the country for the first time. The male oriented Avior AMX will cost Rs. 19,290/- and t...

Isuzu launches D-Max, MU-7 in UP market

Isuzu Motors India Private Limited, the Japanese automobile maker and global diesel engine expert with products like the D-Max pic up truck and MU-7 sports utility vehicle has inaugurated its first dealership in Noi...

MIFA files for insolvency; Hero Cycles deal off

Mitteldeutsche Fahrradwerke AG (MIFA), a leading bicycle maker based in Germany has not only called off its business deal with India-based Hero Cycles (part of OP Munjal Group) but has also filed for insolvency afte...

Mahindras to acquire 51pc in Peugeot Motocycles

Mahindra Two Wheelers Ltd. (MTWL), an unlisted subsidiary of Mahindra & Mahindra has made a binding offer to acquire a 51pc stake in Peugeot Motocycles (PMTC), part of the Euro 54 billion PSA Group based in France, ...




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