Auto & Auto Components

Toyota Motor Corp’s Indian unit has consistently expanded its share of wallet locally with its Innova and Fortuner MPV and SUV, respectively. Toyota Kirloskar’s two marquee vehicles — sold in the range of Rs 10 lakh to 30 lakh — dominate their respective segments by a huge margin. http://economictimes.indiatimes.com/industry/auto/news/passenger-vehicle/uv/innova-fortuner-driving-in-big-bucks-for-toyota/articleshow/58797319.cms

Mahindra and MahindraBSE 1.71 % is building electric vehicles that will cover 300 kms on a single charge -more than double of what it currently offers -as the home-grown automaker looks to go on an overdrive in the zero-emissions category with new passenger cars and commercial vehicles. http://economictimes.indiatimes.com/articleshow/58801814.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Union Heavy Industries & Public Enterprises Minister Anant G Geete has formally inaugurated the test track facility for Automotive-OEM for automotive manufacturers at Oragadam in Chennai, Tamil Nadu. http://www.projectstoday.com/News/Test-track-facility-for-Automotive-OEM-at-Chennai

Automotive parts and electronics maker, Delphi has joined BMW, Intel and Mobileye as a new partner in their previously announced initiative to co-develop an autonomous driving platform. As the technology industry races to develop self-driving cars, companies are increasingly inking partnerships and acquisitions to better their chances to reach the finish line. http://www.ciol.com/delphi-joins-the-intel-bmw-mobileye-self-driving-cars-project/

Royal Enfield (RE) is planning to almost double its exclusive retail presence in the international markets as part of its expansion strategy overseas. Enfield has identified four core markets overseas — Thailand, Indonesia, Columbia and Brazil — which could become very large markets for the company over a period of time. http://www.business-standard.com/article/companies/royal-enfield-identifies-4-core-markets-overseas-to-double-retail-presence-117051700145_1.html

South Korean carmaker Kia Motors Corp signed a deal on Thursday to invest about $1.1 billion to build its first factory in India, aiming to tap a fast growing market at a time when its China sales are sagging. http://economictimes.indiatimes.com/articleshow/58393073.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

German luxury carmaker BMW Group today announced a partnership with Aditya Birla Group under which it will supply premium vehicles to the Indian business house’s global operations. http://economictimes.indiatimes.com/articleshow/58401115.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Passenger vehicle sales in India crossed the three million milestone for the first time in 2016-17, with the segment witnessing a growth of 9.23 percent. For the fiscal ended March 2017, domestic passenger vehicles (PV) sales were at 30,46,727 units as against 27,89,208 in the previous year, according to data released by the Society of […]

TAL Manufacturing Solutions, a subsidiary of Tata MotorsBSE -1.37 %, today launched TAL Brabo Robots in two variants, priced between Rs 5 and 7 lakh. The indigenously developed TAL Brabo robots, with payloads of 2 kilos and 10 kilos, are aimed at catering to small and medium enterprises as well as the large-scale manufacturers who […]