Suzuki Motorcycle India rolls out 5 millionth vehicle from Gurugram plant

Suzuki Motorcycle India rolled out its 5 millionth vehicle from its manufacturing facility at Kherki Dhaula, Gurugram. The recently launched BS6 compliant Suzuki Gixxer SF 250 became the 5 millionth celebratory unit...

P. Vijayaraghavan of TVS  Srichakra passes away

The TVS Group has announced the passing away of P. Vijayaraghavan. “It is with profound grief and sadness that we mourn the passing and honour the life of Mr. P. Vijayaraghavan,” a company note said.

 Vikram Pawah to head BMW Group in India as well as in Australia

Vikram Pawah has been appointed as the President of BMW Group India effective August 1, 2020 along with his present role as Chief Executive Officer of BMW Group Australia and New Zealand.

MG Motor India commences production of Hector Plus

MG (Morris Garages) Motor India has commenced the commercial production of the much-awaited Hector Plus. Manufactured at its Halol plant in Gujarat, the Hector Plus was first showcased at Auto Expo 2020 and will go ...

GWM, Maharashtra govt sign MoU; Commits US $ 1 billion investment in India

Great Wall Motor (GWM), a global SUV manufacturer based in China has signed an MOU with the Maharashtra government to set up a state-of-the-art automotive manufacturing facility in Talegaon, committing an investment...

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...

ZERO DARK APRIL 2020: Indian Auto Industry staring at Rs 92000 crore loss for 40-day lockdown

If one were to calculate by what SIAM has to say wherein each day of plant closure will trigger a loss of more than Rs 2300 crore in turnover for auto OEMS and component manufacturers, then what we are looking at i...

Automobili Lamborghini produces surgical masks, medical shields

Automobili Lamborghini is converting departments of its super sports car production plant in Sant’Agata Bolognese in order to produce surgical masks and protective plexi glass shields. The masks will be donated to t...

Bajaj two-wheeler sales slump (-) 35pc at 210976 units in March 2020

Bajaj Auto, a leading Indian manufacturer of motorcycles and commercial three-wheelers, recorded a fall of (-) 55 per cent in sales in domestic sales of its two wheelers from 220213 in March 2019 to 98412 units in M...

Honda 2 Wheelers grows 5pc in March 2020 at 261,699 units, grows 11pc in fiscal

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 records positive growth in March 2020, fiscal

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...

COVID-19 PANDEMIC: Indian auto industry puts best foot forward

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...

TVS March 2020 sales down by (-) 55.51pc at 144739 units

TVS Motor Company registered sales of 144,739 units in March 2020 as against 325,323 units in March 2019.

Toyota Kirloskar sells 8022 units in March 2020

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...

Honda Cars India March 2020 growth slumps (-) 78.50% at 3697 units

Honda Cars India Ltd. (HCIL) registered its annual domestic sales of 102,016 units during FY 2019 – 20. The company’s monthly sales stood at 3,697 units in March 2020. The company had sold 183,808 units during FY 18...

Kia Motors India sells 8583 units in March 2020, Emerges as No.3 car manufacturers in country

Kia Motors India, wholly-owned subsidiary of Kia Motors Corporation, sold 8,583 units for the month of March 2020. The company sold 7,466 units of Seltos and 1,117 units of Carnival during the month. While Kia Motor...

Royal Enfield sales dips (-) 41 per cent: fiscal sales down 16pc at 695947 units

Royal Enfield posted sales (both domestic and exports) of 35,814 motorcycles in the month of March 2020, against the sales of 60,831 motorcycles for the same month last year, thereby registering a minus (-) 41 per c...

Tata Motors sells 5676 units of passenger vehicles, degrowing  (-) 68 per cent

Like all vehicle manufacturers in the country, Tata Motors too posted miserable sales for its passenger vehicles for the month of March 2020. The company sold 5676 units as compared to 17810 units in March 2019. Thi...

MG Motor India registers sale of 1518 units in March 2020

MG Motor India announced that it has recorded a total retail sale of 1518 units in March 2020. This includes 116 units of ZS EV, the country’s first pure electric internet SUV, and 1402 units of the Hector.

M&M, Maruti Suzuki, Krishna Maruti, Bharat Seats gear up to make ventilators, masks

Unmindful of the huge losses that the auto industry is incurring because plant shutdowns as a result of the country-wide lockdown in the midst of coronavirus or covid-19 fears, several auto companies and auto compon...

Indian auto industry stares at Rs 48,300 crore loss for 21 days closure of plants

The auto industry will be very adversely impacted by the ongoing COVID-19 crisis. The shutting down of plants temporarily by all auto OEMs and component manufacturers across the country will trigger a loss of more t...

Rapido bike taxi temporarily suspends services

As the Indian Government announced a 21-day lockdown in order to contain the coronavirus, India’s largest bike share mobility company Rapido has decided to limit its services temporarily under further notice.

Okinawa shuts down manufacturing operations

Okinawa has put all its manufacturing operations on hold until further notice amidst the Covid 19 breakout. The duration of this shut down will depend upon the government policy.

Kia Motors India temporarily suspends operations at Anantpur plant

Kia Motors India has decided to suspend all its operations with immediate effect. With this, company’s manufacturing facility in Anantapur (Andhra Pradesh) and company office premises will stop functioning until fur...

Lohia Auto halts production at Kashipur plant

As the Government announced a lockdown across various districts of the country in a bid to tackle the Coronavirus disease (Covid-19), Lohia Auto, an electric vehicle player, announced its closure of its production a...

SIAM President urges OEMs, component manufacturers to shut plants

Rajan Wadhera, President, Society of Indian Automobile Manufacturers (SIAM) has urged both the OEMs as well as auto component companies to shut their plants in the light of the grave situation arising out of the spr...

Renault, Nissan Alliance plant in Chennai suspends production

Renault India and Nissan India have temporarily suspended production at its Alliance manufacturing facility, Renault Nissan Automotive India Private Ltd. (RNAIPL) in Chennai.

TVS Motor Company halts manufacturing operations in India and Indonesia

TVS Motor Company has decided to halt all manufacturing operations at its plants in India and Indonesia till further notice in order to tackle the spread of COVID-19 (Coronavirus). The company has decided that all ...

India Yamaha Motor suspends operations at 3 plants in country

India Yamaha Motor (IYM) Pvt. Ltd. has taken the preventive counter-measure against the spreading coronavirus (covid-19) by suspending its manufacturing operations at its Plants in Chennai (Tamil Nadu), Surajpur (Ut...

Benelli India temporarily ceases operations at Hyderabad plant

Benelli, a leading worldwide manufacturer of premium bikes and Adishwar Auto Ride India – Mahavir Group, announced that Benelli India has shut down all operations at its manufacturing and assembly plant based out of...

Hyundai Motor India suspends manufacturing operations

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.

Auto Industry hit by coronavirus fears, as companies worldwide halt production

The global auto industry is in a recession, while the Indian auto industry has been bombarded with woes of its own. And to make matters worse for everybody, the coronavirus fears have now forced several companies to...

FCA suspends production in India in response to COVID-19 crisis

Fiat Chrysler Automobiles (FCA) together with Fiat India Automobiles Private Limited (FIAPL), FCA’s joint venture manufacturing facility in Ranjangaon, announced that it will work with the Government to temporarily ...

Hero Motocorp halts operations at all manufacturing plants globally, including India

Hero MotoCorp has decided to halt operations at all its global manufacturing facilities – including in India, Colombia and Bangladesh - and the Global Parts Centre (GPC) at Neemrana with immediate effect until March...

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...

Honda Cars India temporarily suspends production operations in Greater Noida, Tapukara

In view of the escalating COVID-19 situation and to ensure safety and well-being of all its associates, Honda Cars India Ltd. has informed its associates and suppliers that production operations at both its manufact...

Mahindra & Mahindra suspends manufacturing operations

Mahindra and Mahindra Limited announced proactive, preventive and pre-emptive measures at all their offices and manufacturing locations in India, to ensure employee safety and contain the spread of the CoronaVirus (...

Maruti Suzuki halts operations at Haryana facilities

Maruti Suzuki Ltd, the country’s largest car manufacturer has decided to close production at its plants in Haryana following the Government policy that now requires closure of such production facilities across the s...

TKM temporarily halts production in Bidadi plant, Karnataka

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...

Great Wall Motor expands to Thailand, coinciding with India debut

Post its India debut, Great Wall Motor (GWM) is expanding its global footprint by signing an agreement for the purchase of General Motors’ manufacturing facility in Rayong, Thailand. This announcement is subject to ...

Mahindra Electric launches new brand identity

Mahindra Electric Mobility Ltd unveiled a new corporate brand identity with a new logo and tagline - ‘Spark the New’. The new brand identity is meant to give the brand a renewed thrust to achieve its global ambition...

FCA India wins India’s highest Award for Quality Excellence from government

FCA India has announced that Fiat India Automobiles Private Limited (FIAPL), its world class manufacturing joint venture in Ranjangaon, near Pune, has won the Platinum Trophy in the ‘Large Enterprise’ category at th...

Volkswagen India gets rooftop solar PV power project in India at Chakan facility

Volkswagen India Pvt Ltd (SAVWIPL) has successfully installed its largest rooftop solar PV power project in the auto Industry world-wide and one of India’s largest rooftop installation at its manufacturing facility ...

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...

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...

MG Motor India retails 2,608 units of Hector in September 2019

MG Motor India has recorded retail sales of 2,608 units of the MG Hector internet car in September 2019. MG Motor India re-opened its bookings on September 29 backed by its plans to ramp up production.

Hyundai rolls out first Grand i10 Nios from plant

Hyundai Motor India has rolled out the third generation Grand i10, the Nios. The first Grand i10 Nios rolled out from the company’s factory in south India comes with a lot of new features and space.

First Kia Seltos rolls out of Anantapur plant

Kia Motors India has rolled out the production version of its first car for India, the Seltos, manufactured at its state-of-the-art facility in Anantapur, Andhra Pradesh. The first Kia Seltos was rolled off the asse...

Revolt Intellicorp rolls out first RV 400 electric motorcycle from Manesar Plant

The much-awaited Revolt RV 400 – India’s first AI-enabled motorcycle has been rolled out from Revolt Intellicorp’s Manesar plant. The motorcycle has been developed after two years of intensive research to localise i...

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.

Steelbird records 80pc growth in helmet sales following stricter govt norms for riders

With the government clamping down on makers of unbranded non ISI helmets and penalising those either not wearing helmets or wearing unbranded helmets, sale of branded helmets is now seeing an upward trend. Leading h...

UM Motorcycle to revamp business in India as sales hit zero

UM Motorcycle, a US based company, which began selling motorcycles in India sometime in 2016 and had a peak sales of 11,000 units per annum, has begun the 2019-20 financial year with a duck. Yes, both production and...

22Kymco to set up plant in Bhiwadi for electric, gasoline scooters

22Kymco, a joint venture between 22Motors and Kwang Yang Motor Company (Kymco) has announced setting up a manufacturing facility in Bhiwadi, Haryana.

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...

Jaguar Land Rover, BMW Group announce collaboration for next gen electrification technology

Jaguar Land Rover and BMW Group have confirmed they are joining forces to develop next generation Electric Drive Units (EDUs) in a move that will support the advancement of electrification technologies, a central pa...

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...

Flash Electronics files suit in U.S against Royal Enfield for patent infringement

Flash Electronics India Ltd, a leading electronic and electric auto components player has filed a law suit against Royal Enfield challenging patent infringement in the US regarding production of an important compone...

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,...

Axalta opens its largest refinish training centre in India

Axalta, the world’s leader in automotive refinish coatings and a leading global supplier of liquid and powder coatings, opened its largest and most advanced Refinish Training Centre, spread over 20,000 square feet i...

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.

Honda 2Wheelers kick-starts National Road Safety Week 2019

Strengthening its commitment for safer mobility, Honda Motorcycle & Scooter India Pvt. Ltd. kick started its National Road Safety Week 2019 (4th February to 10th February 2019) across India. Highlighting the theme S...

Kia Motors commences trial production at Anantapur plant in Andhra Pradesh

Kia Motors has commenced trial production at its manufacturing facility in Anantapur, in the state of Andhra Pradesh. This signifies the completion of construction of the new 536-acre manufacturing facility. It also...

NSDC signs MoU with Renault-Nissan Alliance in India to upskill workforce

In line with the strategy for India, Renault-Nissan Alliance India has signed a memorandum of understanding with National Skill Development Corporation (NSDC) to train its workforce in the Alliance plant in Chennai ...

Bajaj Auto launches new brand identity -The World’s Favourite Indian

Building on its ‘Hamara Bajaj’ roots, two-wheeler manufacturer Bajaj Auto Ltd released its new brand identity as “The World’s Favourite Indian” to announce its transition from a domestic scooter maker to a global mo...

Cero (Mahindra MSTC Recycling Pvt. Ltd.) is India’s first authorised recycler of vehicles

Cero (Mahindra MSTC Recycling Pvt. Ltd.) has become India’s first authorised recycler for motor vehicles, having received accreditation by the Delhi Government on December 21, 2018. Cero, a joint venture between Mah...

Advik Group conducts groundbreaking ceremony for its 9th plant

Advik Hi-Tech, a leading global automotive component manufacturer signaled the expansion of its global production network with the groundbreaking ceremony for its 9th plant and its 3rd in Pune. With this addition, t...

TVS Motor Company rolls out 50,000th unit of the BMW 310cc series motorcycle

TVS Motor Company has rolled out the 50,000 unit of the BMW 310cc motorcycle. The motorcycle was rolled out from the Hosur plant of the company in the presence of Dr. Markus Schramm, Head of BMW Motorrad, and KN Ra...

Biju Balendran is Managing Director and CEO, Renault Nissan Automotive India

Biju Balendran is now the new Managing Director and Chief Executive Officer (CEO) of Renault Nissan Automotive India (RNAIPL). Balendran replaces Colin MacDonald, the outgoing MD & CEO, RNAIPL. After successful comp...

Kia Motors India, AP Govt sign MoU to drive future eco mobility

Kia Motors India has signed a Memorandum of Understanding (MoU) with the state of Andhra Pradesh to collaborate on the ‘Partnership for Future Eco Mobility’, The partnership reinforces Kia’s commitment to support th...

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 ...

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...

SUN Mobility and SmartE partner to transform EV adoption in the country

Sun Mobility, a leading provider of energy infrastructure and services for electric vehicles (EVs), announced a partnership with SmartE, India’s largest electric vehicle fleet operator, to deploy its universal energ...

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...

Audi and Umicore develop closed loop battery recycling

Audi and Umicore have successfully completed phase one of their strategic research cooperation for battery recycling. The two partners are developing a closed loop for components of high-voltage batteries that can b...

Uniti Sweden electric vehicle “pilot production plant” at Silverstone Park, UK

Uniti Sweden has announced plans to establish an electric vehicle “pilot production plant” at Silverstone Park, the home of the British Grand Prix. The facility will be used to produce the Uniti One electric car, wh...

Skoda Auto India inaugurates solar power gen project

Skoda Auto India inaugurated an advanced Solar Power Generation Project at its manufacturing facility in Aurangabad. The solar project has a capacity of 980 KW. This unique car port structure will cover 30 per cent ...

Honda 2Wheelers increases capacity to 7 million units annually

Honda Motorcycle & Scooter India Pvt. Ltd has announced that it will expand the annual production capacity of its 4th two-wheeler production plant. Honda 2Wheeler’s fourth production plant is located at Vithalapur a...

Pavel Richter is Production Technical Director of Skoda led ‘INDIA 2.0’ project

Pavel Richter will be assuming the role of Production Technical Director of the Skoda led INDIA 2.0 project of the Volkswagen Group. The 46-year-old will be responsible for the production of all the models at the pl...

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...

Tata Motors celebrates 50,000th Nexon roll out at Ranjangaon facility

Tata Motors has rolled out the 50,000th Nexon SUV from the company’s Ranjangaon facility near Pune in the state of Maharashtra. Present at the rollout were Mohan Savarkar, Vice President, Product Line Head, Passenge...

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...

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 ...

Hyundai Motor India Plant is ready for new Santro, EV vehicles

Hyundai Motor India plant in Sriperumbudur in Tamil Nadu is bustling with frenzied activity. They are getting ready to manufacture the new Santro family car. The new Santro would soon be launched in the country. Cod...

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...

BMW, Great Wall Motor sign JV agreement for MINI electric vehicles in China

The BMW Group and Chinese manufacturer Great Wall Motor have signed an agreement to produce MINI electric vehicles through a new 50:50 joint venture based in China. During an event for autonomous and connected drivi...

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...

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...

Volkswagen Group entrusts Skoda Auto with major role in India 2.0 project

India’s largest car manufacturer Volkswagen has entrusted Skoda Auto in India to play a major role in the overall growth of its products in India as part of the group’s India 2.0 project. The Volkswagen Group compri...

Volvo Cars launches new S60 sports sedan, first Volvo car made in USA

Volvo Cars revealed the new S60 mid-size premium sports sedan at the company’s first US manufacturing plant in Charleston, South Carolina. The new Charleston plant has now been officially inaugurated. The combined c...

Nissan announces expansion plans in Africa, Middle East & India

Nissan Motor Co., Ltd. unveiled a major expansion strategy in the Africa, the Middle East and India region as part of the company’s six-year mid-term plan, Nissan M.O.V.E. to 2022.

Volvo Cars hopeful of increased sales & revenues

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.

Mahindra signs MOUs with Maharashtra Govt. for EV manufacture and deployment

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...

Large orders for Volvo XC40 prompt company to expand production

Sweden based Volvo Cars, the premium car maker, has received almost 80,000 orders for the new award-winning XC40 small SUV and is expanding production in Europe and China in order to meet demand.

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...




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