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Auto & Auto Components

China has become synonymous with cheap goods in India. But that can change soon. From cheap toys and phones that gave Indian manufacturers a run for their money, Chinese companies have now started rushing into the Indian automobile sector. A few days ago, Chinese auto maker SAIC Motor said it would invest over Rs 5,000 […]

Mahindra Group and Ford Motor Company will jointly develop midsize and compact sports utility vehicles and a small electric vehicle as part of several initiatives announced Thursday between the two companies. 2 companies signed five new memoranda of understanding (MoU) as part of the strategic alliance forged in September 2017 to accelerate the development of […]

Nearly 16 companies today signed memoranda of understanding with the Andhra Pradesh government for setting up auto ancillary units to cater to Korean auto maker Kia car’s manufacturing facility coming up in Anantapuramu district. Companies will invest 737 million USD (Rs 4,790 crore) and provide 6,583 jobs, an official release said. MoUs were signed by […]

Chinese auto maker SAIC Motor, which is set to ride into the Indian market with the Morris Garages (MG) brand in 2019, will invest over Rs 5,000 crore till 2025 to establish its presence in the country. Resources will be used for doubling the production capacity at its manufacturing facility in Halol (Gujarat) from the […]

Toyota and Uber in talks on self-driving technology Uber Technologies is discussing the possibility of installing its self-driving system in Toyota Motor Co (7203.T) vehicles as the U.S. ride-hailing firm seeks to sell its autonomous driving technology to outside companies, the Nikkei reported on Friday. Without citing sources, the Japanese business daily said that the […]

Mahindra & Mahindra (M&M) and Ford India are likely to formalise a memorandum of understanding that they signed six months ago and establish a partnership in coming week to 10 days, according to several people with knowledge of the matter. They are likely to share vehicle architecture, electric powertrains, common sourcing and leverage each other’s […]

Korean automobile major Hyundai is planning to invest around Rs.65 billion over the next three years in developing new products, including an electricsports utility vehicle (SUV). The company also plans expand its capacity by 50,000 units at its facility near Chennai through debottlenecking. Hyundai Motor India Ltd (HMIL) Managing Director & Chief Executive Y K […]

Car maker Hyundai Motor India Ltd will expand its capacity by 50,000 units. It also plans to launch nine new models and invest around Rs 6,500 crore, said a top company official. He also said the company will launch a electric powered sedan or a sports utility vehicle (SUV) a nd it plans to import […]

Leading power and energy management company, Delta Electronics, on Tuesday launched its complete range of energy efficient electric vehicle (EV) charging solutions in India. Advanced EV charging solution offerings from Delta will enable the ecosystem to keep pace with the growing demands for a robust electric automobile infrastructure, a company statement said. The products with […]

Europe’s largest and the world’s second largest automotive group, The Volkswagen Group is driving forward with the transformation to electric-mobility. At the annual earnings announcement in Berlin, Matthias Muller, the Group CEO announced that about 16 locations around the globe are going to be producing battery powered vehicles by the end of 2022 for the […]