Warburg Pincus to invest $150 million in Apollo Tyres

The Board of Directors of Apollo Tyres Ltd has approved an issuance of compulsorily convertible preference shares in the company worth Rs 1080 crore million (approximately US$150 million) to an affiliate of Warburg ...

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 ...

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...

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...

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 ...

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...

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...

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...

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...

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

Society of Indian Automobile Manufacturers (SIAM) in association with the Competition Commission of India (CCI) and Automotive Component Manufacturers Association of India (ACMA), organised a workshop on competition...

Roy Kurian leaves Yamaha Motor India to make a career change

Roy Kurian Sr. Vice President Sales & Marketing has resigned from Yamaha Motor India Sales Pvt. Ltd. with immediate effect. Roy Kurian has decided to pursue opportunities outside of Yamaha Motor India Sales Pvt. Ltd...

Rear seat belt usage among Indian car occupants is dismal, reveals Nissan-Save LIFE study

A new research report by Nissan India and Save LIFE Foundation brought attention to the startling number of Indians compromising their own but also their children’s safety. Released by Nitin Gadkari, Union Minister ...

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...

Vimal Sumbly, MD, Triumph Motorcycles India resigns

Vimal Sumbly, Managing Director, Triumph Motorcycles India has resigned from the company. Sumbly had been with the company for the last five years since its inception.

Rakesh Srivastava quits Hyundai Motor India

Rakesh Srivastava, Director Marketing & Sales, Hyundai Motor India, has quit the company and has decided to pursue other interests outside the organisation. In a brief press release issued by Hyundai Motor India, it...

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...

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

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

Tata Motors rolls out 10,000th Nexon SUV

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

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

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

Dr. Tim Leverton calls it quits at Tata Motors

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

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

Triumph Motorcycles of UK and Bajaj Auto have announced a global partnership to deliver a range of mid-capacity motorcycles (300cc to 500cc) benefiting from the collective strengths of both companies. This partnersh...

Hitachi, Honda establish joint venture for electric vehicle motors

Hitachi Automotive Systems and Honda Motor Co announced the establishment of a joint venture company for the development, manufacture and sales of motors for electric vehicles on the premises of Hitachi Automotive S...

SAIC Motor to set up its first car manufacturing facility in India

SAIC Motor Corporation, one of the biggest corporations in the world and the largest automobile giant in China, has announced its plan to enter the Indian automobile market through a fully-owned car manufacturing fa...

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...

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.

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.

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...

Suzuki Motors apologises but denies cheating; Heads roll in Mitsubishi

Japanese automaker Suzuki Motor Corp. apologised on Wednesday May 18, 2016 for improper road tests that the company had conducted, but denied reports of any cheating on mileage numbers. The Suzuki fuel mileage scand...

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...

Nissan takes 34pc equity stake in Mitsubishi Motors for 237 Billion Yen

Nissan Motor Co., Ltd. and Mitsubishi Motors Corporation, (MMC) have announced that they have signed a Basic Agreement to form a far-reaching strategic alliance between the two Japanese automakers. Following an MMC ...

Suzuki Swift sales reach 5 million units mark globally

The Maruti Suzuki Swift hatchback car has had a great run in terms of sales, so far in India. Worldwide too, the car has been quite successful. Suzuki Motor Corporation launched the Swift in November 2004. The Swift...

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...

Indian Govt agency ARAI to issue notice to Volkswagen

On the one hand while Volkswagen is facing tremendous pressure coupled with major embarrassment on the global front because of the software fudging leading to tinkering with diesel engine emissions in their cars, on...

More trouble for Volkswagen as EPA issues 2nd notice

The United States Environmental Protection Agency (EPA) has stated that it is issuing a second notice of violation (NOV) of the Clean Air Act (CAA) to Volkswagen AG, Audi AG and Volkswagen Group of America, Inc. Thi...

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...

Merc’s Roland Folger gets off to a “Make in India” start

Mercedes Benz India’s “Make in India” initiative could not have got off to a more promising start now that the Indian government has decided to buy 55 top of the range E 250 CDI luxury sedans. The luxury car maker h...

Dr. Christine Hohmann-Dennhardt to move from Daimler to Volkswagen

The Chairman of the Supervisory Board of Volkswagen AG, Hans Dieter Pötsch, has asked the Chairman of the Supervisory Board of Daimler AG, Dr. Manfred Bischoff, to release the Member of the Board of Management for...

German transport authority gives Volkswagen timetable for global recalls

The Federal Motor Transport Authority (KBA) has come out with a timetable for Volkswagen to recall cars affected by the emissions scam, a result of fraud manipulation by the German car major. The Volkswagen Group wi...

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...

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...

Volkswagen to refit diesel vehicles with EA 189 EU5 engines

Now that the diesel emissions scam has hit Volkswagen hard on its face, the company is announcing its action plan to correct the emissions characteristics of diesel vehicles. The company had apparently used an impro...

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...

5 million Volkswagen cars affected in emissions scandal

An internal evaluation in the Volkswagen Group has revealed that approximately five million Volkswagen Passenger Cars brand vehicles are affected worldwide. Certain models and model years of these vehicles (such as ...

Volkswagen CEO Dr. Martin Winterkorn quits over emissions scandal

The Volkswagen global emission scandal involving diesel engine powered VW cars took its first major toll on September 23, 2015 with Prof. Dr. Martin Winterkorn, CEO of Volkswagen AG resigning from his post. Acceptin...

Hero Cycles acquires Firefox Bikes in premium cycle segment

Hero Cycles, world’s largest bicycle manufacturer by volume, has acquired Firefox Bikes, India’s largest premium bicycle brand, as part of its strategy to further cement its position in the fast-growing premium cycl...

JK Tyre acquires Haridwar tyre unit of Kesoram Industries for Rs 2200 crore

JK Tyre & Industries has finally confirmed that it is buying Cavendish Industries Ltd (CIL) tyre unit of Kesoram Industries. In a press release, the company stated that JK Tyre & Industries Limited (JK Tyre) and JK...

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 ...

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...

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...

Sandeep Singh of Toyota quits

It has been reliably learnt that Toyota senior official Sandeep Singh has quit the company after seven years of service. He had joined the Japanese company in 2008 and was posted in India till recently as Deputy Man...

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...

Dr Pawan Goenka is envoy of Foreign Investment Promotion for Korea

Dr Pawan Goenka, Executive Director, Mahindra & Mahindra Ltd., was appointed Honorary Ambassador of Foreign Investment Promotion for Korea at a special ceremony which was held in Mumbai. He was conferred with this t...

GM celebrates with 500 million cars being sold since 1908

Five hundred million! Now this is a number you can surely be proud of! US based General Motors has announced the celebration of 500 million GM-branded vehicles built globally over the past 106 years – the most by an...

BMW in kitty, Force Motors to set up new engine plant for Mercedes-Benz

Force Motors has now confirmed to Motown India that this new facility which is being built in Chakan is a “dedicated facility for Mercedes Benz India Ltd”. A spokesperson for the company informed that the company wi...

Hero MotoCorp $25m EBR dreams shatter with closure of US company

India’s leading manufacturer of two wheelers Hero MotoCorp Ltd (HMCL) has announced that the US based company Erik Buell Racing in which it had invested US $ 25 million (Rs 156 crore by today’s exchange rate) has ce...

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...

Mahindra First Choice Wheels raises $15 Million from US investor

Mahindra First Choice Wheels Ltd. (MFCWL), a leading multi-brand used vehicle company, has signed a definitive agreement to raise $15 million (Rs. 94 crore approx.) from San Francisco based investment advisor firm, ...

Lotus sales up 54pc world-wide for the first 9 months at 1565 units

British sports car maker Lotus has announced that its overall sales are up by 54pc in the past nine months provides tangible proof that the forward strategy established by Lotus Cars is working. In volume terms, the...

 Rudratej Singh is President Royal Enfield

Royal Enfield, part of the Eicher Group and makers of the classic 350cc and 500 cc bikes, apart from the Continental GT bike, has announced the appointment of Rudratej ‘Rudy’ Singh as President, Royal Enfield. He wi...

Nagesh Basavanhalli quits Fiat Group India

Unconfirmed reports suggest that the current President and Managing Director of Fiat Group Automobiles India Pvt. Ltd. (FGAIPL), Nagesh Basavanhalli plans to leave the company. The Fiat Group India Automobiles Pvt. ...

Mahindra’s Saab buy part of much bigger strategy

With unconfirmed reports suggesting that Mahindra & Mahindra (M&M) is planning to acquire Sweden based car maker Saab, it is almost confirmed that it has more to do with Anand Mahindra’s dream to become a world lead...

Hero Cycles buys equity stake in MIFA of Germany

OPM Global B.V., a subsidiary of Hero Cycles Ltd, the world’s largest cycle manufacturer by volume, has acquired a significant equity stake in Germany’s largest manufacturer of cycles Mitteldeutsche Fahrradwerke AG ...

Anil Dua resigns from Hero MotoCorp.

Anil Dua has decided to resign from his post of Senior Vice President of Sales & Marketing, Hero MotoCorp. He has quit to pursue opportunities elsewhere. According to unconfirmed sources, he has got a job opportunit...

Modi wins; Auto industry expectations are high

The Bharatiya Janata Party (BJP) has won 283 seats in the Lok Sabha. The Congress party, till recently the ruling party at the Centre came a very distant second with a mere 43 seats. With Narender Modi soon to take ...

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...

Ankush Arora of Tata Motors quits

Ankush Arora, Senior Vice President, Commercial , Tata Motors has put in his papers. His resignation has not come as a surprise to the industry as he was considered very close to the late Karl Slym, Managing Directo...

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’ ...

For VW group, India sales dip 30.4pc in 2014 Q1

Even as China continues to do brilliantly in the Asia Pacific region, India is a slight disappointment for the Volkswagen group in terms of vehicle sales. According to a company statement, the Group continued to rec...

Tata Fund invests Rs 300 crore in Varroc Group

Tata Opportunities Fund (TOF), the flagship private equity fund of Tata Capital, is investing Rs 300 Crore (USD 50 million) in Varroc Engineering Private Limited, the holding company of the Varroc Group, according t...

Maruti capacity for Celerio to go up to 6500 pm

Photography: Mohd. Nasir/ Maruti Suzuki Ltd will have to grin and bear the huge capacity constraint it is facing for the recently launched Celerio model. While currently there are around 28,000 pending bookings for ...

Maruti seeks minority shareholder view on Gujarat

Though not required by law, the Board of Directors of Maruti Suzuki India Limited (MSIL) in a meeting held on March 15, 2014 has decided to seek minority shareholders’ approval as stipulated in Section 188 of the Co...

Fiat reorganises after Chrysler buyout

The Board of Directors of Fiat S.p.A. approved a corporate reorganisation and the formation of Fiat Chrysler Automobiles (FCA) as a fully-integrated global automaker. Following Fiat’s acquisition of the minority equ...

Isuzu plans localised production at AP by 2016

Japanese automobile manufacturer Isuzu Motors India Private Limited recently held a ground breaking ceremony for its new manufacturing facility at Hyderabad. The plant’s foundation stone was unveiled by Nallari Kira...

Chrysler Group announces agreement with UAW

Chrysler Group and the International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (the “UAW”) have agreed to a memorandum of understanding to supplement Chrysler Group’s existing...

Audi plans €22 billion investment through 2018

Audi is launching an extensive investment programme for the next five years: Between 2014 and 2018,

Cooper Tires-Apollo Tyres spat evident

A spat between India based Apollo Tyres and US based Cooper Tires is quite evident now. Apollo Tyres

Hindustan Motors to demerge its Chennai Car Plant

Hindustan Motors Limited (HML) has decided to demerge and transfer its Chennai Car Plant (CCP) as a

Chrysler’s Jeep brand in India by 2013

Finally Indian consumers can get to drive a Jeep Grand Cherokee and a Wrangler by the end of 2013. F

Sanjay Chakravarty, APAC Director Corp Comm, Bosch

Sanjay Chakravarty; Senior General Manager & Head of Corporate Communication – Bosch India has been

Krishna Group inks JV with Landi Renzo S.p.A

Krishna Group, an Indian auto interior manufacturing company, is forming an equity joint venture (JV

Volkswagen and Porsche create integrated group

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

Gordon Silvey aboard TVS Logistics

TVS Logistics Services Limited, India’s leading 3rd Party Logistics provider, has announced the appo

Union Budget 2012-13 & auto industry

The Annual Budget 2012-13 has been tabled in the parliament and is widely believed to move and shake

GM India's Halol plant bags safety award

General Motors India has won the prestigious National Safety Awards 2011, for its various safety

Firodia sells stake in MAN venture for Rs 1050 cr

The Abhay Firodia-controlled Force Motors will be divesting a part of its equity share in MAN Force

Jeremy Hicks quits Audi UK to join JLR UK as MD

Jeremy Hicks quits Audi UK to join JLR UK as MD

Suzuki Motor Corp divorces Volkswagen AG

Suzuki Motor Corporation has announced that its board of directors has officially determined the

Maiden Formula 1 Indian GP ticket sale kicks off

The countdown to the F1 race in India has begun with JPSI commencing the ticket sale

GM India's Halol plant bags safety award

General Motors India has won the ‘Gujarat State Safety Awards 2010’

Exim Bank extends loan of Rs 50 crore to Mahindra

Mahindra Reva Electric Vehicles Pvt. Ltd. has tied-up with the Export-Import Bank of India

CEO of Volvo Leif Johansson to quit

President and CEO of Volvo, Leif Johansson informed the AB Volvo Board of his intention to resign

Hover Automotive India appoints Dinesh Jain as CEO

Hover Automotive India (HAI) has announced the appointment of Dinesh Jain as its CEO

UK plant ends Micra production

UNITED KINGDOM : Tenth of August, 1992 the first Sunderland-built Micra rolled off the line. Now, 1




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