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Auto & Auto Components

Company has announced acquisition of the JV companies from Nissan on November 25, 2016, following the LCV Joint Venture they entered into did not proceed as was expected. Ashok Leyland has received an approval from its board to merge its light commercial vehicle (LCV) subsidiaries, which were acquired from its erstwhile partner Nissan, with itself. […]

South Korean auto maker Kia plans to roll out electric and hybrid vehicles from its upcoming plant at Anantpur in Andhra Pradesh and is targeting to launch an electric vehicle in India by 2021,. Kia Motors India, the wholly-owned arm of Kia Motors Corporation has lined also up three models to be launched here in […]

Britain’s Rolls-Royce said on Monday a costly problem affecting the durability of a certain type of Trent 1000 engine had spread to another type and would require further inspections, affecting customer Boeing. Rolls has been battling to fix a problem with the compressor in the Trent 1000 package C engines that power Boeing’s 787 Dreamliner […]

Tata Motors was up 2.4% to Rs 312, extending its past two days 7% rally on the BSE, after Jaguar Land Rover (JLR) reported total retail sales of 48,281 vehicles in May 2018, up 6.1% year on year. Growth for JLR (Ex-China geography) stood strong at 11% YoY which has been highest growth in last […]

2nd generation Nissan Leaf, one of the top selling electric cars in the world will make its India debut in the current fiscal year,. Japanese automaker is keen on introducing its advanced global products into its India portfolio, starting with the Leaf 2. “We will come very soon with the EV car, in this fiscal […]

Mahindra & Mahindra, the world’s largest tractor maker by volume that exited a Chinese joint venture last year is planning to return to the $25-billion agriculture equipment market in that country. This time, the company will be venturing on its own to the market, and focusing on the much larger farm machinery space and not […]

5-acre facility set up by M&M through a joint venture with government owned company MSTC, went on stream in April this year. If you are looking to get your old car scrapped with convenience, here is some good news. The country’s first automated and organised vehicle scrapping and recycling facility is up and running in […]

Chinese electric vehicle giant BYD and its Hyderabad-based partner Goldstone Infratech plan to manufacture 5,000 electric buses per year in India by March 2021and increase localisation content to 70%,. Goldstone-BYD on Tuesday unveiled its electric feeder bus fully manufactured in India, and plans to make the country its the manufacturing hub for exporting these vehicles […]

An increase in sales across all categories in the automobile industry, has made need for higher working capital inevitable. LAn increase in sales across all categories in the automobile industry has made need for higher working capital inevitable. weight behind small component firms through their finance arms, to meet the latter’s working capital requirement as […]