Global auto component major SKF has delayed commissioning of its Rs 150-crore plant at Haridwar. The 10-acre plant was scheduled to start operations by the end of this year, but will now kick off in the first quarter of 2010.
SKF India, the largest supplier of automotive bearings, has taken the decision after a slump in […]
Force Motors said on Tuesday that it has agreed to reduce the term of the licence granted by Germany?s ZF Friedrichshafen to make gear boxes in India. The Pune-based auto major would be entitled to e8 mn in compensation for reducing the licence term.
?This is inspite of the efforts made by the company to absorb […]
The Indian automobile industry faces a bleak outlook this fiscal and the next with falling vehicle sales, high interest costs and raw material prices squeezing margins, industry officials said on Monday.
Data on Monday showed car sales in October declining for the third time in four months, and sales of trucks and buses slumping 36 per […]
After seven consecutive years of good growth, auto component majors have begun cutting production by over 25-30%. The move is expected to impact the bottomlines of the industry, which is facing a bleak future because of output cuts by major automobile companies.
The worst-affected are those with a large exposure to the commercial vehicle segment. Lack […]
As the race to offer the first commercially viable electric car charges up, automakers hoping to cash in on environmental concerns displayed a slew of models at the Paris Motor Show on Friday.
But executives acknowledged that uncertainties linger over the batteries needed to power them: technology needs to advance to meet cost and weight requirements, […]
The New York International Auto Show is an annual auto show held at the Jacob Javits Convention Center, in late March or early April. It usually opens on or just before Easter weekend and closes on the first Sunday after Easter.
Being the nation’s most heavily attended automobile exhibition, the Show is witnessed by around 1 […]