Automotive Industry news and views

Renault India launches 'Media NAV' system in Duster

Automotive News by Jayashankar Menon on Feb 11 2013

Building on its continuing success in the compact SUV space, Renault India today announced the introduction of the brand-new multimedia system, ‘Media NAV’, in Duster.

Angel Broking maintains a neutral rating on Automotive Axles

Automotive News by Jayashankar Menon on Feb 11 2013

In its February 7, 2013 research report, Angel Broking has maintained a neutral rating on Automotive Axles, while during SY2012-14, the auto firm is likely to report a modest CAGR of eight percent and seven percent in its topline and bottomline respectively.

CarZ to achieve a revenue of Rs 100 crore by 2015 in India

Automotive News by Jayashankar Menon on Feb 11 2013

Since it commenced operations back in 2008, CarZ the car servicing firm, taking on the likes of established players such as Carnation, Mahindra FirstChoice and MyTVS, has built a model that focuses on three core principles - great service, budget price and convenience.

Indian Draft Steel Policy moots online single e-window system

Automotive News by Jayashankar Menon on Feb 10 2013

Perturbed by the perennial delays in new projects due to requirement of clearances from various agencies, the Indian draft steel policy has mooted for an online single e-window system and had further sought for more powers of the existing Inter-Ministerial Group, according to a PTI report.

Mahindra to acquire 26 percent shares in its defence JV with BAE Systems

Automotive News by Jayashankar Menon on Feb 10 2013

Mahindra & Mahindra yesterday announced that it would acquire 26 percent stake in its defence joint venture with BAE Systems, ending their three-year old partnership, Defence Land Systems India.

GM India aims to sell 48,000 Chevrolet Sail a year

Automotive News by Jayashankar Menon on Feb 9 2013

General Motors India is aiming at selling in excess of 48,000 units of its Chevrolet Sail a year, besides having cohesive focus on the domestic market.

Maruti Suzuki Desert Storm Motor Rally to flag off from Delhi on February 18, 2013

Automotive News by Jayashankar Menon on Feb 9 2013

Maruti Suzuki Desert Storm, the annual event with the Thar Desert will be flagged off from New Delhi on February 18, 2013.

Alten, Maini to offer specialised design-to-manufacture services in aerospace and defence segment

Automotive News by Jayashankar Menon on Feb 8 2013

ALTEN Group, the € 1.2 billion European leader in Engineering and Technology consulting, announced today that it has partnered with the Maini group, one of India’s premier design and manufacturing entities, to offer specialised system engineering and design-to-manufacturing services to global Aerospace and Defense (A&D) equipment manufacturers.

Tata Indigo eCS enters Limca Book of Records

Automotive News by Jayashankar Menon on Feb 8 2013

Tata Indigo eCS records a non-stop nation-wide endurance drive, across 19 states, covering over 14,000 kilometers, in just 15 days.

Apollo Tyres bag Tyre Manufacturer Of The Year Award 2013 at Tyre Technology Expo in Cologne, Germany

Automotive News by Jayashankar Menon on Feb 8 2013

Apollo Tyres was honoured with the Tyre Manufacturer of the Year award, at the Tyre Technology International Awards for Innovation and Excellence 2013, held in Cologne, Germany, at the Tyre Technology Expo.

Continental to present the 'driver focus' vehicle at the Chicago Auto Show 2013

Automotive News by Jayashankar Menon on Feb 8 2013

State-of-the-art safety technologies for the vehicle interior and environment come together in the Continental concept vehicle to fight driver distraction by specifically focusing driver attention.

Prithvi Steels to set up Rs 20 crore steel tube manufacturing plant at Mahindra World City Jaipur

Automotive News by Jayashankar Menon on Feb 8 2013

Prithvi Steels had signed an agreement with Mahindra World City, Jaipur to establish Rs 20 crore steel tube manufacturing plant, first such plant coming up in Rajasthan.

MRF Tyres posts 60 percent Y-O-Y rise in first quarter net profit at Rs 180 crore

Automotive News by Jayashankar Menon on Feb 8 2013

Riding back on the softening of raw material costs, along with the humungous replacement market sales, the Chennai-based tyre manufacturer MRF Limited has logged a 60 percent year on year increase in first quarter net profit at Rs 180 as against Rs 112 crore in the year ago period (MRF follows an October-September financial year).

Indian Industry urges Government to take right steps in Budget 2013 to boost growth

Automotive News by Jayashankar Menon on Feb 8 2013

Expressing is anxiety over the declining economic growth, India Inc today urged the Government of India to take right steps in the forthcoming Budget 2013 to boost investment sentiment and give a thrust to flagging growth.

Gulf Oil reports 14.90 percent increase in net profit to Rs 15.04 crore for Q3 2012

Automotive News by Jayashankar Menon on Feb 8 2013

Gulf Oil Corporation, part of the Hinduja Group has posted 14.90 percent surge in net profit to Rs 15.04 crore for the third quarter ended December 31, 2012, in constrast with Rs 13.04 crore in the year ago period.