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...

Gadkari leaves behind a belligerent tone and assures auto industry

For Union Minister Nitin Gadkari, it’s been a journey from taking on a confrontationist attitude to one of being benign and accommodating. At the 59th Annual Convention of the Society of Indian Automobile Manufactu...

GST rate on all electric vehicles reduced from 12% to 5%

The government has announced the reduction of Goods and Services Tax (GST) rate on all electric vehicles from 12% to 5%. The GST rate on charger or charging stations for Electric vehicles is also reduced from 18% to...

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...

Nippon Paint X’press car paint concept centre launched

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

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...

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...

Mahindra First Choice Wheels enters premium used cars business with ‘Edition’

Mahindra First Choice Wheels, India’s leading multi-brand certified used car company has launched its “Edition” brand, the country’s first premium used cars franchise network.

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...

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.

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...

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...

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...

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...

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...

Prashanth Doreswamy to Head Continental Corporation in India

Prashanth Doreswamy will succeed Claude d'Gama Rose as the Market Head of Continental India and Managing Director, Continental Automotive India. Rose who will be retiring shall be succeeded by Doreswamy on October 1...

Increase in GST cess on luxury cars will reverse positive momentum, says Mercedes

Mercedes-Benz India has categorically stated that the decision of the Goods and Services Tax Council to raise the cess on luxury cars from the current level of 15pc to 25pc will be a strong deterrent to the growth o...

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...

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.

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 ...

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....

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...

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...

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...

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...

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...

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 ...

Mahindra to take 33pc stake in Mitsubishi Agricultural Machinery for Rs 159 crore

Leading automobile manufacturer in India Mahindra & Mahindra will invest around Japanese Yen 3 billion (USD 25 million / Rs 159 crore approx.) for acquiring 33pc voting stake in Japan based Mitsubishi Heavy Industri...

Lego overtakes Ferrari as the world’s most powerful brand

Lego brand scores highly on a wide variety of measures on Brand Finance’s Brand Strength Index such as familiarity, loyalty, promotion, staff satisfaction and corporate reputation. Lego is a uniquely creative and im...

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...

Constitution Amendment Bill on GST tabled in Lok Sabha

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

By 2019, 3m vehicles to be turbocharged in India

India may not see a dramatic increase in the use of turbo chargers in vehicles in the coming years, but yes, there will be a marginal increase in turbo penetration. There will be an increase from 46pc in 2014 to 48p...

Johnson Controls , SAIC company form JV

Johnson Controls the and Yanfeng Automotive Trim Systems Co., Ltd., a wholly owned subsidiary of Huayu Automotive Systems Co., Ltd. (HASCO), the component group of Shanghai Automotive Industry Corporation (SAIC), ha...

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...

JLR sales rock with the power of dragon China

Even though the parent company Tata Motors is experiencing falling sales influenced by terrible market conditions in India, its fully owned company Jaguar Land Rover, UK's leading manufacturer of premium luxury vehi...

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...

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...

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 ...

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...

Mahindra inaugurates new aerospace facility

Mahindra Aerospace inaugurated its 25,000 sq. m aerostructures manufacturing facility at the Narsapu

SIAM convention emphasises on auto industry

The Society of Indian Automobile Manufacturers (SIAM) organised its Annual Convention 2013 to commem

Apollo Tyres snaps up US-based Cooper for US$ 2.5b

Apollo Tyres Ltd and Cooper Tire & Rubber Company have announced the execution of a definitive merge

JLR invests £370 million in all-new Range Rover

Jaguar Land Rover, the UK’s leading premium carmaker, announces it has invested £370 million to upgr

Cut petrol, diesel price differential: SIAM

The Society of Indian Automobile Manufacturers (SIAM) has asked Government to reduce the differentia

Akash Passey promoted as VP, Business Region Intl

With 50pc of the Volvo Buses’ business planned to come from Asia by 2015, the company today informed

Apollo Fleet of the Year Awards

At the recently instituted Apollo Fleet of the Year awards ceremony, Satish Sharma, Chief, India Ope

JCB India showcases its new products at EXCON 2011

JCB India Ltd. has showcasing its slew of new products at its mega stand at Excon in the Bangalore I

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

Auto comp industry earns US$ 39.9 bn revenue

ACMA, the apex body representing India’s Auto Component manufacturing industry, has announced

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

Carzonrent inducts a fleet of 90 Merc cars

Carzonrent, a mobility solutions company, purchased a fleet of 90 customized Mercedes-Benz cars

Automobiles welcome 2011 with EM compatibility tag

Beginning 2011 new automobile models to hit the roads in India will have to comply with EMC norms

Volvo Buses India buys out its JV partner’s stake

Volvo Buses announces the 100 pc buyout of Azad Group share, its JV partner since 2008

Porsche Holding – Volkswagen deal through

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

Atlas Copco marks 50 years of India operations

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

UK top official visits JLR headquarters

The UK Business Secretary Dr. Vince Cable today visited Jaguar Land Rover's headquarters to experien

The Vespa Returns by 2012

ITALY: At a meeting on June 3, 2010 in Milan (Italy) chaired by Roberto Colaninno, the Board of Dire




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