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Auto & Auto Components

Automobile major Hyundai Motor India Limited (HMIL) would sign a MoU with the Tamil Nadu government in January 2019 to take up Rs 7,000 crore expansion work at its facility here, a top official said. The management of Hyundai Motor India, led by its Managing Director and CEO, Y K Koo, vice-president (corporate affairs), B […]

The power ministry would soon bring an electric vehicle (EV) charging infrastructure policy, which will also allow individuals to set up charging station for commercial use to boost e-mobility, said Power and New & Renewable Energy Minister R K Singh. “We have circulated the EV Charging Policy for comments (among other department/ministries). The second line […]

Tesla Motors CEO Elon Musk has revealed the company’s plans of expanding its overall market beyond North America, Europe, and China. Musk revealed on Twitter that he recently asked his service team to expand to all population regions (not just major metros) in North America, eastern Europe,China, and Japan by the end of next year. […]

South Korea’s Hyundai Motor Group has created two entities to develop future technologies and appointed new heads of product strategy and design in a reshuffle, as it battles plunging profits that have pushed its shares to almost nine-year lows. The shake-up at Hyundai and its affiliate Kia Motors – together the world’s No.5 auto group […]

Having completed the merger of Ina Bearings India and LuK India with itself, Schaeffler India, part of the ¤14-billion German automotive component group, has committed to invest €120 million (Rs 1,000 crore) in its Indian operations over the next three years, as it aims to more than double its business in India to over €1 […]

German automotive components major Wednesday announced merger of all its India operations– INA Bearings India and LuK India–with Schaeffler India, creating an entity with over Rs 41 billion in revenue under its ‘One Schaeffler’ plan. The automotive and industrial supplier also opened a new facility in Pune with an investment of Rs 2 billion.The merger […]

Automaker ISUZU Motors India, a subsidiary of Japan-based ISUZU Motors,unveiled new seven-seater sports utility vehicle mu-X priced up to Rs 28.19 lakh (ex-showroom Chennai). The mu-X is currently produced at the manufacturing facility in Sri City, Tada situated about 100kms from here. Isuzu Motors Ltd, President, Masanori Katayama, noted cricketer and brand ambassador Jonty Rhodes, […]

The Renault-Nissan-Mitsubishi alliance has initiated a study to re-enter India’s fastgrowing light commercial vehicles (LCVs) market, two years after it ended the joint venture it had formed with Ashok Leyland. The study is being conducted under the Renault brand and is expected to be completed in the next 12-18 months, Ashwani Gupta, commercial vehicles chief […]

Hero MotoCorp is planning to have half a dozen scooters in its product portfolio in the next 8-12 months, as the nation’s largest two-wheeler maker seeks to expand its presence in a fast-growing segment where its presence is rather small. The maker of the Splendor and Passion motorcycles had earlier this year announced its intent […]