Homegrown auto major Tata Motors will invest Rs 6,000 crore in its existing plants and for setting up vehicle testing facilities in Pune in the next four to five years. More
Courtesy: economictimes.indiatimes.com
Auto major Mahindra & Mahindra on Monday said it will be investing an additional Rs 1,500 crore at its proposed manufacturing plant at Chakan near Pune to double its overall capacity.
The company signed a memorandum of understanding with the Maharashtra Government to this effect. The first MoU on initial investment was inked in January last […]
The fleet of car carriers, i.e. the vehicles used for transportation of cars across the country, is steadily increasing. The present size, estimated at 10,000, is likely to increase substantially, as the production of cars is estimated to rise to two million annually from the present around 1.3 million. But, the car carriers are not […]
With over seven launches in 35 months designed with Indian engineering teams collaboratively, Japanese automaker Suzuki is likely to step up engineering and design work out of here.
The company R&D team based in Gurgaon, which now comprises 480 engineers, plans to increase this to about 1,000 people by 2010, according to Mr I.V. Rao, Managing […]
The final acquisition cost of the iconic Jaguar-Land Rover (JLR) brands by Tata Motors is likely to be about 30% more than the $2.3 billion announced on Wednesday. The $2.3 billion covers just the price of the brands, assets and technology know-how. A big part of the additional cost would go for engine and component […]
TATA Motor?s credit rating has been downgraded following its acquisition of Jaguar and Land Rover by Crisil. The rating agency has said the deal costs of Rs 9,200 crore and additional capital expenditure of Rs 10,000 crore would weaken the company?s gearing to more than 1.25 times from the current level of 0.6 times. Tata […]
Tata Motors on Saturday said that ratings given to it by agencies would be reviewed in the next few months as its refinancing plan is put into action.
The response has come after rating agency Crisil yesterday downgraded ratings on the auto major’s cash credit facilities from ‘AA+’ to ‘AA-/stable’ and removed them from ‘Rating Watch […]
TATA Motors may dilute its shareholding in Tata Steel to finance the $2.3-billion acquisition of luxury brands Jaguar and Land Rover from Ford Motor Company, say analysts. This follows Tata Motors? announcement two days ago that it had raised a 15-month bridge loan of $3 billion from a syndicate of banks to finance the acquisition. […]
Corporate analysts Wednesday hailed Tata Motors deal with Ford Motor to buy two iconic British auto brands Jaguar and Land Rover as not just a milestone for the Tata group but a historic moment for India. This is a landmark deal and it is a landmark deal for India also,says Deven Malkan, a noted commentator […]
Maruti Suzuki Ltd is adding strength to its base of engineers, and expects to triple the number from 300 engineers on board today to 1,000 engineers by 2010. The scale up is with the objective of bringing the Indian company?s engineering skills on par with that of Suzuki. More
Courtesy: www.indiacar.net