Automotive Industry news and views

Apollo Tyres launch two new high performing passenger vehicle tyres at the Geneva Motor Show 2013

Automotive News by Jayashankar Menon on Mar 6 2013

he Apollo Tyres' pavillion in Hall 1 Stall 1230 of the ongoing Geneva Motor Show saw the launch of two new products, Apollo Alnac 4G and Vredestein Ultrac Vorti R.

Tata Motors unveils six new advanced heavy trucks and Tata FleetMan, in nort India

Automotive News by Jayashankar Menon on Mar 6 2013

Tata Motors today launched its six new advanced heavy trucks and intelligent vehicle and driver management solution - Tata FleetMan Telematics Services - for the North Indian market.

Fuel subsidies compression shown in Indian Budget is more financial engineering than genuine reform

Automotive News by Jayashankar Menon on Mar 6 2013

The subsidy compression proposed in the Union Budget 2013 is more to do with financial engineering rather than genuine reform.

Diesel subsidy should be freezed at current level in India to protect Budget numbers, says Raghuram Rajan

Automotive News by Jayashankar Menon on Mar 6 2013

The Government of India need to freeze the diesel subsidy at the current level in order to protect the Budget numbers at some point in time, says Raghuram Rajan, Chief Economic Advisor, while flagging concerns over the widening current account deficit.

European car market to remain sluggish for years

Automotive News by Jayashankar Menon on Mar 6 2013

Ford, FIAT, Daimler and Renault had warned that the demand in Europe would stay weak for years, as governments drive through austerity measures.

Global expansion only after the China plant goes on stream, JLR

Automotive News by Jayashankar Menon on Mar 5 2013

The British luxury car maker, Jaguar Land Rover, part of the Indian auto giant, Tata Motors, will think of global production capacity enhancement, only after the upcoming plant in China goes on stream.

Varroc Group acquires Visteon TYC Corporation in China for $ 20 million

Automotive News by Jayashankar Menon on Mar 5 2013

Varroc Group today announced their acquisition of the Visteon equity interest in its China-based lighting Joint venture, Visteon TYC Auto Lamps Co Ltd.

Around 4.5 million cars could be sold completely online only by 2020, says Frost & Sullivan

Automotive News by Jayashankar Menon on Mar 5 2013

Car manufacturers will increasingly apply an omni-channel strategy to market and sell their cars to customers, while about four percent of all new cars sold in future, equaling about 4.5 million units could be sold completely online by 2020.

Mahindra REVA E2O to be launched in India on March 18, 2013

Automotive News by Jayashankar Menon on Mar 5 2013

Mahindra REVA, part of the $ 15.9 billion Mahindra Group, today announced that it would launch its next generation electric vehicle, Mahindra REVA E2O, on March 18, 2013 in New Delhi.

Mahindra Maxximo Plus launched in Chennai with a price of Rs 3.53 lakh

Automotive News by Jayashankar Menon on Mar 5 2013

Homegrown auto major, Mahindra & Mahindra today launched its new Maxximo Plus mini truck in Chennai today, both BS-III and BS-IV vehicles for a price of Rs 3.53 lakh and Rs 3.58 lakh (Ex-Showroom, Chennai).

Shares of Steel Strips Wheels up 12 percent to Rs 171 a piece

Automotive News by Jayashankar Menon on Mar 5 2013

The shares of Steel Strips Wheels had gone up 12 percent to Rs 171 apiece in noon deals after the Punjab-based rim manufacturer has reported a 63 percent year on year growth in export sales of 88,020 steel wheel rims in February 2013.

Hyundai flags off first edition of cross country drive, i-Drive India from New Delhi

Automotive News by Jayashankar Menon on Mar 5 2013

The Chennai-based Hyundai Motor India Limited (HMIL) today flagged off the first edition of its cross country drive ‘i-Drive India’ with the new special edition iTech i10 in Delhi.

FIAT 500L gets Continental GPS navigation system Tomtom

Automotive News by Jayashankar Menon on Mar 5 2013

Continental makes the FIAT Uconnect infotainment system even more attractive for the driver by integrating navigation by TomTom.

Signs of Stabilisation as Air Cargo Grows in January 2013

Automotive News by Jayashankar Menon on Mar 5 2013

The International Air Transport Association (IATA) released global air freight demand statistics for January 2013 showing a stabilisation of air freight markets on the back of encouraging growth towards the end of 2012.

Bentley southern India tour begins from March 1-10, 2013

Automotive News by Jayashankar Menon on Mar 5 2013

Exclusive Motors, the leader in the luxury car market and pioneers in bringing the premium and the most iconic car brand, Bentley to India have sketched out an ecstatic Bentley journey for their patrons in different cities across south India.