In Motown’s rat race, the new Renault Logan has already started giving sleepless nights to the likes of Ford and Hyundai Motor officials.
The result: car companies have fastened their belts and are trying their best to come up trumps in the sweepstakes. More
Courtesy:auto.indiatimes.com
In what is billed as one of the largest overseas takeover deals in the auto component sector clinched by southern corporate group, Coimbatore-based Sakthi Auto Component (SAC), a subsidiary of Sakthi Sugars, has acquired Intermet Europe, a group of companies, from Intermet International, US, for 95 million euro (Rs 532 crore).
Intermet Europe, which owns and […]
The striking Sangrami Shramik Karmachari Union (SSKU) on Monday submitted a revised proposal for the reopening of Hindustan Motors’ Uttarpara unit and said it would begin an indefinite fast before the factory tomorrow to demand intervention of Chief Minister Buddhadeb Bhattacharjee.
SSKU secretary Abhas Munsi told reporters that the union submitted a revised proposal to the […]
German sports car maker Porsche has launched its obligatory takeover offer for Volkswagen at marginally improved terms on Monday, still aiming for less than a majority stake in Volkswagen.
Porsche, which is already the largest shareholder in Volkswagen, was required to bid for Europe’s biggest carmaker after Porsche’s voting stake exceeded 30 per cent in March, […]
Ashok Leyland Ltd said on Monday that it had agreed to buy US-based Defiance Testing and Engineering Services Inc for $17 million.
Defiance, a unit of Nasdaq-listed GenTek, provides testing services for leading auto equipment makers, Ashok Leyland said in a statement. More
Courtesy:economictimes.indiatimes.com
The first two-wheeler manufactured in West Bengal was rolled out here on Saturday by the Xenitis Group in the presence of the West Bengal Chief Minister, Mr Buddhadeb Bhattacharjee, and a host of dignitaries representing industry in China and Singapore.
Named “Xpression”, the motorcycle variant is manufactured in Hooghly district.
The first two-wheeler unit has come up […]
India’s quest to become a global auto manufacturing hub could be seriously challenged by its inability to sustain its low-cost production base, global research firm KPMG has said.
A survey conducted by the research firm reveals that the Indian auto component manufacturers are increasingly becoming sceptical about sustaining the low-cost base as overheads including labour costs […]
Tata GY Batteries Pvt Ltd, a joint venture between Tata AutoComp Systems (TACO) and Japanese automotive battery manufacturers GS Yuasa International (GYIN), will invest Rs 160 crore over the next one year to expand its manufacturing capacity.
The company commissioned its first JV plant here recently with an initial capacity of 0.5 million batteries for four-wheelers.
“We […]
Chennai Honda Motorcycle and Scooter India Pvt Ltd (HMSI), a wholly owned subsidiary of Honda Motor Company, Japan, plans to launch a new scooter and a motorcycle this fiscal. The scooter will be launched under a new brand in the second quarter, Mr Yadvinder S. Guleria, Head — All India Sales, Honda Motorcycle and […]
Hyderabad German automotive major DaimlerChrysler is evaluating some more models for launch in India even as it is gearing up to lay the foundation stone for a new plant near Pune in May.
This plant, with a capacity of about 4,500-5,000 cars per shift, would be commissioned by the end of 2008 or early 2009, according […]