Auto & Auto Components

Indian conglomerate Mahindra Group plans to double its investment in the US within the next five years, the group’s top executives have said. Mahindra has invested $1 billion in the US market to date, employing about 3,000 Americans and generating annual revenue of $2.6 billion, Xinhua news agency cited Mahindra and Mahindra Managing Director Pawan […]

Central government’s ambitious electric vehicles project will take off soon as the Indian Space Research Organisation (Isro) has approved commercial use of lithium-ion battery technology. Glitch is companies will be required to pay Rs 1 crore for the technology to Isro for every e-vehicle.Commercialisation of Isro’s technology could save 10-15 per cent of the cost […]

Pricol has signed binding agreements to acquire 100% of wiping systems business of Ashok Piramal group’s PMP Auto Components. The acquisition would be undertaken by Pricol through its wholly-owned subsidiaries. The acquisition will help Pricol diversify its product offerings and provide access to manufacturing facilities in Europe and North America. It will also help Pricol […]

Mahindra and Mahindra is set to open its maiden greenfield auto manufacturing plant in Detroit this fiscal year–the first Indian car company that will have one in the country–to make off-road utility vehicles as the $19 billion conglomerate looks to double its bets in one of the world’s most important markets, said group chairman Anand […]

Scania CV India has launched the new U-BODY tipper designed to increase the productivity in the country’s mining sector. The Swedish company and a leading manufacturer of commercial vehicles and engines has designed the tipper to suit Indian conditions which brings down the Total Operating Economy.The launch of the new CV for coal, iron ore […]

Speculations fueled by the potential impact of the Goods and Services Tax (GST) to be enforced from 1 July on various vehicle segments, led customers to postpone sales. This brought a lull to the otherwise buoyant automotive market that was just on the cusp of witnessing recovery in domestic sales.Passenger vehicle sales in particular nosedived […]

Luxury car brands are lining up electric vehicle plans for Indian roads even as hybrids get slapped with a high tax burden. Volvo Cars, for instance, is planning to roll out its global electric launch, due in 2019, in India as well. Others like BMW , Audi and Mercedes-Benz are betting on a mix of […]

New BMW 5 Series was launched in India in four variants starting at Rs 49.9 lakh. Former Indian cricketer Sachin Tendulkar along with BMW?India president Vikram Pawah launched the newest business sedan in Mumbai on Thursday. BMW has pit the new 5 Series against the new Mercedes-Benz E Class, the Audi A6, the Jaguar XF, […]

Hinduja group flagship Ashok Leyland is looking at expansion of its commercial vehicle business with plans to introduce a slew of products. The company, however, said that commercial vehicle makers are under profitability pressure due to increasing competition and cost of meeting stronger emission standards.In an address to its shareholders, the company’s chairman Dheeraj G […]

Wheels India Ltd, a TVS Group company, today said Japan-based Topy Industries would pick up a “minority stake” in its subsidiary firm, Wheels India Car Wheels Ltd, subject to regulatory approvals. Wheels India and Topy Industries Japan have reached an agreement regarding a “strategic partnership” in the passenger car steel wheels business. As per the […]