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The recall of some of its cars has nothing to do its business in India for Toyota, said its MD. The incident gave a good chance to revive the quality to do better, he added. The move comes in the lines of the launch of its small car Estilo, which is expected to drag more …
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Courtesy Karnataka Government, Hero Honda will set up its new plant in the Dharwad district in the land of 500 acres. The initial capacity of the plant will be 1 lakh units employed by 1000 persons. This is in addition to the speculation that the Korean steel maker Posco would stall its plant in the …
Bajaj auto has earmarked Walui and Pantnagar units for its future expansion activities. The combined capacity of these two units would be nearly 2.8 million units while the Chakan unit has the capacity of 1.2 million. The target for the company to attain in 2011-12 would be around 5 million units put together from these …
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In an informal decision, the Chinese Geely Holding group has accepted to take over the car unit from Volvo of Ford. Once materializes, this will be the biggest global deal in the automobile industry. The deal, almost to be certain, is the outcome of two years’ prolonged discussion with two companies. The Chinese company would …
Continue reading “Ford Volvo car unit sold for $1.8 bn to China Geely”
The German automobile company BMW is on the business of sourcing the components – gears, assembly parts and castings – from India. There is a move to source the parts for its cars from India and it will materialize in two years. For this purpose, the company will unveil a purchase office in India, said …
The race among the two wheeler makers is getting hotter with Hero Honda setting the target of 5.6 million bikes for the ensuing FY. Earlier Bajaj announced its target of 3 million bikes for this fiscal. If the target is any way new, then it will be an increase of 15% in Hero Honda’s sale …
Continue reading “Hero Honda to gear up its target to 5.6 million for 2010-11”
Nissan’s low cost car (Rs2.5 lakh) may roll off from the plant in India by way of a JV, said the CEO of Nissan. To counter Maruti Alto, the company intends to push up huge volumes, since the cost may attract more customers. The proposed JV may include the Hinduja group’s Ashok Leyland for such …
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Keeping apart all debacles and delays, the trio- Nissan, Renault and Bajaj- have come to a resolve to make the JV for ULC on black and white. The ultra low cost car project gets shape after a 4 month disruptions. Under the pact, as quoted by Nissan’s CEO, Renault-Nissan will look after the sale and …
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The Logan issue is getting a soft pedaling with JV between Renault and M&M is forging ahead to alter the petrol engine. The move comes in the wake of availing the excise relief offered by the government of India. However, the current diesel engine would likely to be continued. If the tussle is cleared then …
Continue reading “M&M may slam brakes on investments in Renault JV”
Xylo MPV from Mahindra is known for its 4 wheel drive and the car is now fo(u)rced with 4 wheels on all sides. The car underwent a recent test drive of R&D and joined the Mahindra Great Escape troupe in Rajasthan. The new Xylo will be under the 4wd system with the advanced Borg&Warmer support, …