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Auto & Auto Components

The Tamil Nadu cabinet gave its nod to Hyundai Motors India Ltd (HMIL) for expanding its existing capacity, to manufacture new models and electric cars, at its Irungattukottai facility near Chennai. HMIL plans to expand its capacity to 8 lakh cars per annum, from 7 lakh cars at present , with an investment of around […]

Leading brand in cycles, Hero Cycles, will invest around Rs 400 crore in the Hi-Tech Cycle Valley project in Punjab. Hero Cycles signed an agreement with the Punjab government for allotment of 100 acres of land in the Cycle Valley which is coming up in 380 acres in Dhanansu in Ludhiana district. https://brandequity.economictimes.indiatimes.com/news/business-of-brands/hero-cycles-to-invest-rs-400-crore-to-manufacture-hi-tech-cycles-e-bikes-e-vehicles/67597211

Technology firm Continental is investing approximately 30 million euros (Rs 240 crore) to set up a new manufacturing plant at Talegaon in Pune. The facility, which will be utilised for the company’s powertrain business, is scheduled to begin production by early 2020. https://www.moneycontrol.com/news/business/continental-to-invest-30-mn-euros-on-new-plant-in-pune-3404851.html

British car maker MG Motor India outlet in Chandigarh will be operational by May 2019, adding that the city is among its top target markets. Chandigarh is among our top target markets and forms a crucial part of our 10-city tour across India where we are displaying MG Motor’s global vehicles to demonstrate our product […]

India’s largest selling MPV Toyota Innova Crysta has been able to generate more excitement in the brand and has managed to secure over 11,200 bookings and generate business of over Rs 2,200 crore in the month of December alone, despite new competition in the segment. https://economictimes.indiatimes.com/industry/auto/cars-uvs/toyota-innova-crysta-generates-rs-2200-crore-business-in-december/articleshow/67480202.cms

Harley-Davidson and Samsung SDI have collaborated on the building of the electric motorcycle project for over four years to target tech-savvy, premium consumers, Yonhap news agency reported. The electric motorcycle runs on a battery pack, comprising lithium-ion cells made by Samsung SDI. https://economictimes.indiatimes.com/industry/auto/two-wheelers-three-wheelers/harley-davidson-to-launch-first-all-electric-motorcycle-livewire-in-august-2019/super-hot/slideshow/67454311.cms

The Automotive Research Association of India (ARAI) will set up a new mobility research center at Takwe near Talegaon (Pune). This will be the 4th campus of ARAI. Rashmi Urdhwareshe, Director, ARAI mobility research center which will have vehicle test tracks for automotive, testing and certification facility for equipment related to construction and mining industry. […]

Ashok Leyland India’s largest bus manufacturer and a flagship company confirmed that it bagged orders from IRT (Institute of Road Transport, Chennai), UPSRTC (Uttar Pradesh State Roadways Transport Corporation) and CTU (Chandigarh Transport Undertaking) for 2580 buses. https://economictimes.indiatimes.com/industry/auto/lcv-hcv/ashok-leyland-bags-orders-for-2580-buses-from-state-transports/articleshow/67456479.cms

Lite Auto Components Pvt Ltd, a part of Hindustan Magnesium Products Pvt Ltd, is all set to invest Rs 500 crore in setting up a plant to manufacture magnesium-based auto components in Andhra Pradesh. https://auto.economictimes.indiatimes.com/news/auto-components/hindustan-magnesium-group-to-set-up-rs-500-crore-auto-components-plant-in-ap/67451411

India’s largest car manufacturer, Maruti Suzuki may open its third plant in South India. Southern Region has been one of the preferred destinations of major automakers. While Tamil Nadu which is home to many companies like Hyundai Motor India, Renault-Nissan, Ford, BMW, and TVS. https://auto.economictimes.indiatimes.com/news/industry/maruti-suzuki-may-open-its-third-plant-in-south-india-report/67432966