Hero Cycles acquires German e-bike pioneers HNF Group

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...

Kia Motors announces ‘Plan S’ for EV, mobility solutions by 2025

Kia Motors Corporation has announced details of ‘Plan S’, its mid- to long-term strategy aimed at progressively establishing a leadership position in the future automotive industry, encompassing electrification and ...

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...

NuGen Mobility Summit-2019 begins at Manesar on Nov 27

More than 200 automobile as well as auto components companies will display their products, while there would be live test demonstrations, training sessions, panel discussion and test track demonstrations of vehicles...

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

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

FADA issues legal notice to UM Lohia, management for dealers’ losses

The Federation of Automobile Dealers Association (FADA) has through its counsel Khaitan & Co, issued a legal notice to UM Lohia and its management, asking them to redress all grievances of dealers relating to the lo...

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%.

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...

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...

Government EV targets need to be practical says auto industry

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

Mahindra & Mahindra invests Rs 1000 crore + to ready BS VI engines

The good news is that Mahindra & Mahindra is ready with its BS VI engines across its entire diesel and gasoline portfolio. The entire transition will be costing the company upwards of Rs 1000 crore. With its portf...

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...

Volkswagen Group to merge all passenger car entities in India

The Volkswagen Group has announced its intent to merge its three Indian subsidiaries: Volkswagen India Private Ltd (VWIPL), Volkswagen Group Sales India Private Ltd (NSC) and Skoda Auto India Private Ltd (SAIPL). Th...

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

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

Skoda, Volkswagen Group India inaugurate the new Tech Centre in Pune

Skoda and Volkswagen Group India have inaugurated a new Technology Centre in Pune, India. The opening ceremony was attended by Czech Prime Minister Andrej Babis and other government officials. On behalf of the Volks...

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...

Mahindra’s Igatpuri Plant Is India’s first carbon neutral facility

The Mahindra Group took a big step forward in its commitment to becoming carbon neutral by 2040, with its Igatpuri manufacturing plant recently becoming India’s first carbon neutral manufacturing facility. This was ...

EV Motors India launches 1st public EV charging outlet ‘PlugNgo’

Electric vehicles start-up EV Motors India has joined hands with DLF, Delta Electronics India and ABB India to launch of its first public EV charging outlet ‘PlugNgo’.

Bombay High Court clears sale of biodiesel as a transportation fuel

The Bombay High Court in a land mark ruling has relieved the restriction of MSHSD control order, 2005, for sale of biodiesel as a transportation fuel into internal combustion engines.

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...

Anant Geete assures Indian auto industry of E-mobility Vision support

Ananth G Geete, Minister of Heavy Industry & Public Sector Enterprises assured the Indian auto industry that his ministry would take them along to adopt electric mobility. He told the automotive industry that promot...

Hyundai invests into Swiss tech startup WayRay AG

Hyundai Motor Company has announced a new strategic investment into Swiss deep-tech startup WayRay AG to expedite the development of holographic augmented reality (AR) navigation system for future vehicles, aiming t...

Suja Chandy is MD, Nissan Digital India

Nissan has appointed Suja Chandy as managing director for Nissan Digital India. Chandy will be responsible for operations of Nissan’s first Global Digital Hub in India. The hub will focus on building new-age digital...

Need to create mobility eco-system in sync with nature: PM

In one of most inspiring speeches on mobility and the need to conserve nature, Prime Minister Narendra Modi said the need of the hour is to create a mobility eco-system that is in sync with nature. He said he was co...

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...

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 ...

Volkswagen Group led by Skoda Auto to invest Rs 7900 crore in India 2.0 project

Global car major Volkswagen will be investing Euros 1 billion (Rs 7900 crore) in India for its India 2.0 project which was announced by the group recently. This money will be used to develop new Skoda models based o...

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...

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...

ICAT inaugurates new modern automotive test facilities

The International Centre for Automotive Technology ICAT) based in Manesar on the outskirts of Delhi inaugurated several new modern test facilities for vehicles on May 29, 2018. These were installed as a part of the...

Sumitomo Corporation buys 49% stake in Mukand Sumi Special Steel

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

Audi plans to sell 800,000 electrified cars in 2025

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

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...

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...

MG Motor India to invest Rs 5000 crore in six years time, says Chaba

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...

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, ...

Maxxis Tyres inaugurates Rs 2640 crore India manufacturing plant

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

Tata Technologies becomes NIO’s preferred Engineering Partner for its EV range

Tata Technologies, a global engineering services provider, has announced a close association with NIO China, a leading new-generation electric car company, in the complete product development process of NIO’s range ...

Mahindra and LG Chem collaborate for Li-ion battery technology

Mahindra & Mahindra Ltd., a part of the US $19 billion Mahindra Group and LG Chem, Korea’s leading manufacturer of advanced batteries have announced a collaboration in the field of advanced Li-ion battery technology...

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...

Mahindra Rs. 500 cr additional investment in Chakan EV plant

Mahindra & Mahindra Ltd (M&M Ltd) has announced that it will make an additional investment at of Rs 500 crore in its Chakan plant in Maharashtra. The company will invest in its Electric Vehicle (EV) Project under th...

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 ...

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...

Mahindras open new manufacturing facility in America’s Motown-Detroit

After several attempts to set its foot in the US of A, Mahindra & Mahindra has finally announced its presence in North America. Mahindra Automotive North America (MANA) opened a new North American HQ and manufacturi...

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...

Lamborghini plant doubles capacity with Urus in mind

Like the way a family gets ready to welcome a new baby, the Automobili Lamborghini’s ongoing strategic investment programme, aligned with the launch of its new Super SUV the Urus, sees its production site now double...

Charles Frump new MD of Volvo Auto India

Volvo Cars has appointed Charles Frump as the new Managing Director to head its India operations. He assumed the new role and office from October 3, 2017 onwards. His predecessor Tom von Bonsdorff completed his tenu...

MG Motor takes over GM India’s Halol facility; To invest upwards of Rs 2,000 crore

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...

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...

Govt increases cess on luxury  cars to 25% under new GST regime

The Union Cabinet chaired by Prime Minister Narendra Modi cleared an ordinance to increase the cess on mid-size, large cars, luxury cars and SUVs from current 15% to 25% under the new GST regime. The cabinet gave it...

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...

Lumax announces JV with Francisco Albero S.A.U to make Oxygen Sensors

With the Indian automotive industry gearing up for a leap frog to BS VI norms by 2020 many manufactures have invested heavily in technology and R&D. The Lumax DK Jain Group announced a joint venture with Francisco A...

GM exit, a planned scam, say protesting GM India dealers

General Motors India’s decision to stop domestic sales in India is a planned scam, stated several dealers who were protesting along with their employees in New Delhi’s Jantar Mantar area on June 27, 2017. General Mo...

Mahindra Electric unveils roadmap for making next gen electric vehicles

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 to cease sales in domestic market in 2017

Barely a few weeks after announcing that it is shutting operations in its plant in Halol in Gujarat, the company has now announced that General Motors India will focus on its growing vehicle export manufacturing op...

Jeep Compass, Tata Nexon will add zing to Ranjangaon plant

Two new car models from two different car manufacturers--the Jeep Compass SUV from Fiat Chrysler Automobiles (FCA) India and the Tata Nexon, a compact SUV from Tata Motors, are expected to inject a lot of action ver...

Autonomous driving, e-cars enjoy widespread global acceptance

Roland Berger's first Automotive Disruption Radar has revealed that there is a widespread global acceptance for autonomous driving and electric cars. Designed to help automotive industry players make investment deci...

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 ...

Jeep Compass exceeds expectations, says Kevin Flynn of FCA India

"The car is phenomenal. It exceeds our expectations and it will really appeal to the Indian consumer and the real credibility is that we shall be exporting it to very developed markets across the globe," said Kevi...

Uno Minda Group in JV agreement with Katolec Corporation of Japan

Minda Industries Limited, the flagship company of Uno Minda Group has entered into Joint Venture (JV) agreement with Katolec Corporation, Japan. The proposed name for the joint venture company is Minda Katolec Elect...

PSA Group, CK Birla Group sign two JVs with HMFCL and Avtec

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...

Mahindra inaugurates spare parts warehouse in Mahindra World City, Jaipur

Mahindra & Mahindra Ltd (M&M Ltd) has inaugurated a state of the art spare parts warehouse in Mahindra World City (MWC), Jaipur. As one of the largest, most modern warehouses in the country and the company’s first i...

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 ...

Pawan Goenka elevated to MD, Mahindra & Mahindra

Mahindra and Mahindra Limited (M&M) announced that Anand Mahindra, who currently holds the position of Chairman and Managing Director, is being designated as Executive Chairman of the Company with Dr. Pawan Goenka b...

Cyrus Mistry praised; Tata Nano a loss making project, admits Tatas

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.

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.

Cyrus Mistry comes out with guns blazing in letter to Tata Sons’ Board

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 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...

Nissan completes 34pc acquisition of Mitsubishi Motors for US $ 2.28 billion

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...

India Kawasaki Motor plays good sport with 13 customers

Thirteen is believed to be an unlucky number. Now this could be a myth. But there were definitely 13 disgruntled customers who had almost given up hope on the Kawaski motorcycles they had booked at a dealership in N...

Harshad Naik appointed MD, Huntsman India Subcontinent

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.

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...

Bosch to invest  100 million  Euros (Rs 743 crore) in India plant expansion

The Bosch Group is strengthening its presence in the Indian growth market. “In 2016, we are planning to invest more than 100 million euros (Rs 743 crore approx) in our Indian manufacturing and development locations”...

ACMA 56th Annual session focuses on ‘Winning with Quality and Innovation’

Automotive Component Manufacturers Association of India (ACMA), the apex body of the Auto Component Industry in India, hosted its 56thAnnual Session & National Conference in the Capital with a session that focussed ...

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 ...

Relief for auto makers as SC lifts ban on diesel vehicles in Delhi NCR

The Supreme Court of India on August 12, 2016 has lifted the ban on diesel vehicles with engine capacities of 2000cc and above but has asked affected car makers to deposit of one per cent of ex-showroom price as gre...

Toyota Industries Engine India inaugurates new engine plant in Bengaluru

Toyota Industries Engine India (TIEI), a joint venture between Kirloskar Systems Ltd. (KSL) and Toyota Industries Corporation - Japan (TICO), in India, inaugurated a new engine production plant at Jigani Industrial ...

Force Motors, Mercedes-Benz invest in new engine / axle plant in Chakan

Force Motors has inaugurated a new engine and axle assembly plant exclusively for Mercedes-Benz India in Chakan, Pune. The Firodia controlled company has invested around Rs 100 crore in this new greenfield facility....

Kerala ban on diesel cars sends Indian auto industry into tizzy

The latest ruling of the National Green Tribunal (NGT) banning diesel vehicles with engine capacities of 2000cc and above has sent the entire Indian auto industry in a state of shock and disbelief. The NGT bench hea...

Nissan-Mitsubishi alliance: Win-Win for both, Nissan wins twice, says Ghosn

Nissan Motor’s move to acquire a 34 pc equity stake in Mitsubishi Motors Corporation (MMC) will lead to a lot of advantages for Nissan as well MMC, besides reducing costs of development and introducing many more veh...

Ban on diesel vehicle not going to achieve desired objective of reducing pollution: SIAM

Citing a study conducted by IIT Kanpur, the Society of Indian Automobile Manufacturers (SIAM) has stated that the Supreme Court ban in the NCR on cars with diesel engines of 2000 cc and above will not result in the...

Automotive industry grins and bears it, as usual

As has always been happening in the past, the Indian automotive industry has been left with no other choice, but to grin and bear it and pretend everything is hunky- dory. An additional 1 per cent tax will now be co...

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...

Mahindra acquires a major style statement; To buy Pininfarina

Tech Mahindra Limited, a leading provider of IT, Networks and Engineering solutions and BPO services, and Mahindra & Mahindra have jointly entered into an agreement with Pincar S.r.l., to purchase a controlling stak...

323700 VW Group cars affected in diesel emissions scam in India

Volkswagen Group India has notified the Ministry of Heavy Industries and the Automotive Research Association of India (ARAI) that approximately 323700 cars belonging to the Volkswagen, Skoda and Audi companies in In...

Volkswagen new compact sedan by June 2016;  Rs 720 crore investment

Volkswagen India is investing Rs 720 crore (approx. Euros 85 Million) towards development, setting up new equipment and ramping up the production of a new compact sedan that will be rolled out of the company’s plant...

Volkswagen management decides on reorientation of diesel strategy

After the news of mega emission scam involving Volkswagen cars in the US and elsewhere in the world, comes the news from Germany based Volkswagen Group (http://www.volkswagenag.com) about the reorientation of the di...

3,000 Chevrolet Beat cars shipped to Mexico

General Motors India (www.chevrolet.co.in) announced that it is shipping the first 3,000 left-hand-drive Chevrolet Beats to Mexico. The vehicles left the Mumbai Port Trust of Maharashtra and are expected to arrive i...

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 scam will lead to enormous financial damages, says Muller of VW Group

Admitting that the recent emissions scam committed by the Volkswagen Group will lead to enormous financial damage which “it is still not possible to quantify as of today”, the new CEO of Volkswagen Aktiengesellschaf...

BMW Financial Services invests Rs 110 crore additional in India

The BMW Group has increased its investment in BMW Financial Services India to Rs 640 crore(€ 98 million) in 2015 from Rs 530 crore (€ 80 million) in 2012. BMW Group launched BMW Financial Services India on October 5...

Toyota Chairman Takeshi Uchiyamada meets PM Modi

Takeshi Uchiyamada, Chairman of the Board, Toyota Motor Corporation (TMC) met with Indian Prime Minister Narendra Modi and discussed the growing Indo-Japanese bilateral ties as well as the company's plans to grow wi...

Govt mulling creation of new Transport Department, says Gadkari

Union Minister of Road Transport and Highways Nitin Gadkari has stated that the Government has been mulling the option of creating a new department of transport which will be headed by a new Secretary. The new depa...

GM India-made Beat models ready for exports to Mexico

General Motors India has announced the rollout of the first Chevrolet Beat for export to Mexico. Vehicle shipments to its second major export market will commence next month from GM India’s manufacturing facility in...

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...

General Motors to make fresh investment of US $1 billion in India

In a major announcement by General Motors in India that is bound to have far reaching implications on the fortunes and growth of the company in the country, the US based auto giant has confirmed that it will make US...

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...




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