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...

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 ...

Balbir Singh Dhillon is new Head, Audi India effective Sept 1, 2019

Audi India has elevated Balbir Singh Dhillon who is currently heading Dealer Development as Head, Audi India, effective September 1, 2019.

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...

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...

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 ...

Harley-Davidson succumbs to Indian curry, plans 250-500cc bikes for India

Iconic motorcycle manufacturer of the US and a favourite company of US President Donald Trump is beginning to appreciate the flavour of Indian curry. It has just announced its own recipe for the Indian palate wherei...

Sergio Marchionne, former CEO of Fiat Chrysler dies at 66

Sixty-six-year-old Sergio Marchionne, the former chief executive officer of Fiat Chrysler has died. Marchionne who was undergoing treatment in a hospital in Zurich, Switzerland was recently replaced as CEO, accordi...

Purpose-built electric vehicles for mobility on demand, says Roland Berger

The growing demand for ride-sharing services is giving rise to a new category of vehicles. These are cars with a flexible interior that can be individually tailored to the needs of their users. The potential for aut...

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 & 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...

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...

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...

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...

Peter MacKenzie is Managing Director of Harley-Davidson India

Peter MacKenzie has been named the new Managing Director of Harley-Davidson India. MacKenzie assumes the role in addition to his current role as managing director for Greater China. MacKenzie will continue to based ...

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...

Gulf Petrochem appoints R. K. Mehra as Strategic Advisor

Gulf Petrochem Group announced that its Board of Directors has appointed Rakesh Mehra as Strategic Advisor for the group with immediate effect. Prior to being appointed, he held a number of executive positions most...

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...

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...

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.

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...

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...

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 ...

Michael Jopp is Head, Sales and Marketing, Mercedes-Benz India

Mercedes-Benz India has announced Michael Jopp as its Vice-President of Sales and Marketing beginning August 1, 2016. The new appointment comes into effect as Boris Fitz, Vice-President, Sales and Network Developmen...

Mahindra Partners’ fresh funding for US based Scoot Networks

Mahindra Partners, the $900 million private equity division of the Mahindra group, has announced that it has closed a new round of financing in Scoot Networks, an urban mobility solutions provider based in San Franc...

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...

Volvo Cars planning €500m (Rs 34,129.9 crore) bond issue

Volvo Cars, the premium car maker, has announced it is seeking to raise Euros 500m (Rs 3798 crore) from a bond issue, its first foray into the global corporate bond markets in its 89 year history. The Swedish compan...

Volkswagen sets aside $ 7.2 billion towards rectifying emission glitches

German car major Volkswagen has stated that it is setting aside a provision of some Euro 6.5 billion (approximately US $ 7.2 billion) to cover the necessary service measures pertaining to software glitches resulting...

Yamaha Motor inaugurates third manufacturing unit in India

India Yamaha Motor Pvt. Ltd. (IYM) has inaugurated its third manufacturing facility at the industrial park in Vallam Vadagal situated at the outskirts of Chennai, Tamil Nadu. The plant was inaugurated during the ope...

South India Special Part 1: Tamil Nadu

Five states comprising Tamil Nadu, Kerala, Andhra Pradesh, Karnataka and the newly formed state of Telangana make up South India. Among these, it’s Tamil Nadu that is way ahead when it comes to its contribution to t...

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,...

South India Special Part 4: Telangana

It was only on June 2, 2014, barely a year back that the State of Telangana was formed. It became the 29th State of the Indian Republic. The State Chief Minister K. Chandrasekhar Rao is keen to transform this small ...

Lamborghini factory attains CO2 neutral certification

Automobili Lamborghini has inaugurated new trigeneration and district heating systems, two of the main projects that lead to the Sant'Agata Bolognese company's attainment of CO2-neutral certification for the entire ...

BMW assembles cars with 50 pc local content in Chennai plant

For a luxury car company that does not believe in only numbers but gives a lot of importance to profitability, BMW India has just announced that it has increased the level of localisation of its cars at its plant in...

Record sales for Automobili Lamborghini in 2014

In the fiscal year 2014 Italian super sports car maker Automobili Lamborghini S.p.A. again improved its key financial figures and reached new records in terms of sales and turnover in its history of more than 50 yea...

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...

BMGI Unveils White Paper on vehicle pricing

Breakthrough Management Group International (BMGI), a global consulting firm, has come out with a white paper on “Demystifying pricing in Passenger Vehicle Industry- Scientific way to stay ahead of curve”. This pap...

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...

Spyker files for voluntary financial restructuring

Dutch automobile car maker Spyker N.V., together with its wholly owned subsidiary Spyker Automobielen B.V. (collectively “Spyker” or the “Company”), filed a voluntary petition on December 2, 2014 for financial restr...

Shell seminar on tech superiority in synthetic lubes

Shell Lubricants, the global market leader in finished lubricant solutions organised a National Synthetic Lubes Seminar to showcase its technological superiority in synthetic lubricants. The company had organised a ...

New Ford Technical Support Centre in US

Ford has announced the opening of its new Ford Technical Support Centre in Concord, N.C. The centre will add an array of tools to develop future performance vehicles and help increase Ford’s overall success in motor...

Nissan global net profit Rs 23,237 cr for ’13-‘14

For the year ended March 31, 2014, Nissan Motor Co., has earned a net revenue of US $ 104.62 billion (Rs 6,26,694 crore approx.). The net income for the year stood at $3.88 billion (Rs 23,237.6 crore). Announcing th...

Ford new boss Fields transformed global operations

Mark Fields, the new bossman at Ford Motor Company is an extremely experienced man who has in the past has transformed several of Ford’s operations around the world into much stronger businesses during his 25 years ...

Two-wheeler dealers are optimistic: Sewells report

In a downturn in the automotive industry, the dealer fraternity is the one that gets directly impacted by the gloom. In India, the automobile industry is reeling under severe drop in sales, except for two-wheeler ma...

Mahindra Logistics receives Rs 200 cr investment

Mahindra Logistics of Mahindra Group has received an investment of Rs 200 crore for a significant minority stake from Kedaara Capital, according to a media release from the company. This is the venture capitalists’ ...

Even with a Twist, the Nano faces uncertain days

Like every businessman who starts a business, there is either success waiting for him or absolute failure. Thus, when Tata Motors bought UK based Jaguar Land Rover (JLR) it was construed as a sure short risky propos...

Ferrari employees get Rs 3.4 lakh bonus

Ferrari is not only the maker of some of the world’s most exquisite cars that can be driven at very high speeds. The company Ferrari is also about rewarding its employees. According to a company statement, Ferrari h...

Ashwani Gupta of Datsun is head, LCV dvsn, Renault

Ashwani Gupta, Global Program Director, Datsun has been assigned a new role as head of Light Commercial Vehicles division of Renault in France. Gupta was appointed Program Director of Datsun Business Unit in 2011. “...

Volvo Cars records 1919m SEK operating profit

Manufacturers of Volvo cars are now finally out of the woods. The Volvo Car Group reported a full-year operating profit of 1,919 million Swedish Kroner (MSEK) (Approx. Rs 1825 crore ) for 2013 and will stay in the ...

Lamborghini global turnover at 508m Euros

The turnover may not sound very impressive because this Italian super sports car manufacturer is a niche player in the global automotive industry. The company delivered 2121 cars worldwide in the whole of 2013 as co...

Audi meets its 2015 global sales target in 2013

The Audi Group delivered around 1.575 million cars of the Audi brand globally in 2013. The Ingolstadt (Germany) carmaker achieved new record sales and reached the target that it had set itself for 2015 – more than...

Ferrari records more revenue with lesser cars

After 2012, Ferrari’s best year of sales, the company had decided to reduce the number of vehicles sold to maintain high level of exclusivity and thus increasing their value over time. The idea worked brilliantly fo...

New Bosch R&D centre : Plans Rs 1200 cr investment

New Bosch R&D centre inaugurated: Plans Rs 1200 cr investment Bosch, a leading global supplier of technology and services, has inaugurated a Research & Technology Centre in India and announced a planned investment ...

Nigel Harris is new Ford India President

Ford Motor Company announced that Nigel Harris, vice president sales and service, Ford Asia Pacific, has been appointed as president, Ford India effective February 1, 2014. Harris succeeds Joginder Singh who has bee...

Cooper Tire ends merger deal with Apollo Tyres

Cooper Tire & Rubber Company has announced it has terminated the merger agreement with Apollo Tyres. “It is time to move our business forward,” said Cooper Chairman, Chief Executive Officer and President Roy Armes. ...

Mary Barra is first woman CEO of General Motors

General Motors has announced that Dan Akerson, who guided GM to record profits and dramatic improvem

Yamaha India to partner with Navjyoti India

Yamaha Motor India Sales Pvt. Ltd. has signed a MoU with Navjyoti India Foundation (NIF) – a not-for

Honeywell India appoints Milind Godbole as MD

Honeywell Turbo Technologies (HTT), the global leader in automotive turbocharger technology, announc

Volkswagen and Porsche create integrated group

Volkswagen Aktiengesellschaft and Porsche Automobil Holding SE (Porsche SE) are to create the integr

Audi AG acquires Ducati Motor Holding S.p.A.

Audi AG is acquiring from Investindustrial Group the tradition-steeped Italian sports motorcycle man

Anant Goenka takes over as new MD of CEAT

CEAT, an RPG Enterprise, announced the appointment of Anant Goenka as the new Managing Director.

Mercedes-Benz India launches city bus

After its successful entry into long-distance inter city bus segment, with the introduction of the 2

NNG announces India office opening

With India currently experiencing a navigation boom with more and more drivers starting to use

Maruti Suzuki Board approves Gujarat land purchase

Maruti Suzuki Board approves Gujarat land purchase

Volkswagen Group to invest more than €62 billion

The Volkswagen Group will invest around €62.4 billion in its Automotive Division in the coming five

Mahindra rolls out 'Spark The Rise' game plan

Mahindra Group has announced the launch of a multi-media movement

Audi  plans massive expansion/surpasses 2010 sales

Audi, the German luxury carmaker, has embarked on an intensive recruitment drive

Vincent Tan heads Volvo CE Asia S&M

Effective July 15th, Vincent Tan has been appointed to the role of president of Volvo Construction

Dharmendra Mishra is VP at Mahindra Two wheelers

Dharmendra Mishra is VP– Sales & Customer Care for Mahindra Two wheelers

Vijay Kumar appointed CEO of Mahindra First Choice

YVS Vijay Kumar appointed CEO of Mahindra First Choice

Nissan produces 100,000th Micra in India

Nissan produces 100,000th Micra in India

Royal Enfield appoints new CEO

Royal Enfield Motors has appointed Dr. Venki Padmanabhan as its new Chief Executive Officer

Cummins India builds 3 plants for Rs 500 cr

Cummins in India has inaugurated its 300-acre project at Phaltan

Tata Motors launches Tata Prima Construck range

Tata Motors has announced the launch of Tata Prima Construck range in India

Porsche Holding – Volkswagen deal through

Wolfsburg: The family shareholders of Porsche Holding Gesellschaft mbH, Salzburg, have resolved to e

Skoda Auto India rolls out 25000th Fabia

MUMBAI: Skoda Auto India has rolled out the 25000th Fabia ever built in India from Volkswagen Group’

Tata AutoComp unveils its new set of technologies

PUNE: Tata AutoComp Systems Limited, India’s leading automotive components conglomerate unveiled sta

Atlas Copco marks 50 years of India operations

Global industrial group Atlas Copco is celebrating 50 years of Indian operations. The journey in Ind




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