Automotive Industry news and views

Gati's net profit up 11.21 percent at Rs 5.85 crore in December 2012 quarter

Automotive News by Jayashankar Menon on Jan 14 2013

Indian logistics major, Gati Limited has posted an increased net profit of 11.21 percent at Rs 5.85 crore in December 2012 quarter.

JLR to unveil eight car models in 2013

Automotive News by Jayashankar Menon on Jan 14 2013

Luxury car maker Jaguar Land Rover, part of Tata Group is contemplating on unveiling eight models of cars globally this year, with the intention of improving its market share including China, which has become its largest market, overtaking its home turf, the UK.

Apollo Tyres inaugurates its global passenger vehicle tyre R&D Centre in the Netherlands

Automotive News by Jayashankar Menon on Jan 14 2013

Apollo Tyres announced this morning the opening of its global R&D centre passenger vehicle tyres in Enschede, the Netherlands and development and testing of passenger vehicle tyres to be driven from Europe.

One million AirAsia seats on sale

Automotive News by Jayashankar Menon on Jan 14 2013

Booking starts from January 15-20, 2013 for brand new travel period extending into 2014.

Maruti suzuki unveils new Wagon R in India with a price tag of Rs 3.58 lakh

Automotive News by Jayashankar Menon on Jan 14 2013

The new Maruti Suzuki Wagon R promises improved fuel econmy of eight percent at 20.51 kmpl.

JLR announces record global sales of 357,773 units, up 30 percent

Automotive News by Jayashankar Menon on Jan 14 2013

Jaguar Land Rover, the UK's leading manufacturer of premium luxury vehicles, today confirmed its best ever global sales performance, with retail sales up 30 percent following strong market performances from the UK, China and the US.

NSK to set up manufacturing arm in Mexico

Automotive News by Jayashankar Menon on Jan 13 2013

Bearings major, NSK had announced on January 10, 2013 that it would set up a manufacturing arm in Mexico.

JLR to create 800 new jobs at its UK plant

Automotive News by Jayashankar Menon on Jan 13 2013

The Tata Group firm, Jaguar Land Rover, which has an employee strength of around 24,000 workers, now plans to add 800 more human resource at its UK plant.

Senior Automotive News Editor John Teahen Junior passes away

Automotive News by Jayashankar Menon on Jan 13 2013

John (Jack) Teahen Junior, senior Automotive News Editor from Bloomfield Hills, the US passed away last Wednesday at the age of 87, after suffering complications related to gallbladder surgery, quoting his goddaughter, Katie Gibbs-Scarchilli, a Detroit Free Press report said.

CII urges GOI to initiate steps in the Budget to step up investments and rapid revival of India economy

Automotive News by Jayashankar Menon on Jan 13 2013

Industry body, The Confederation of Indian Industries (CII) has urged the Government of India to initiate steps in the Budget to step up investments and rapid revival of economy.

GAIL to spend Rs 9,000 crore in capital expenditure in FY 2014

Automotive News by Jayashankar Menon on Jan 13 2013

Gas Authority of India is contemplating on spending Rs 9,000 crore in capital expenditure in financial year 2014, while a lion's share would be utilised to complete several ongoing projects.

Gas Authority of India to enter gas shipping segment, may buy seven vessels

Automotive News by Jayashankar Menon on Jan 13 2013

Gas Authority of India Limited (GAIL) has announced that it was aiming at foraying into the gas shipping segment, not only for bringing in gas from its Sabine Pass fields in the US, but also for shipping in gas from Gazprom's project in Arctic region.

Bhushan Steel's three million tonne plant to go on stream by March 2013

Automotive News by Jayashankar Menon on Jan 13 2013

Bhushan Steel's ramp up was earlier estimated to be completed in October 2012.

Labour protest at Hero MotoCorps' Gurgaon plant

Automotive News by Jayashankar Menon on Jan 13 2013

Labour issue is brewing over wage settlement terms at the Munjals' promoted Hero MotoCorps' Gurgaon plant.

IndiaFirst Life Insurance announce the launch of second phase of CSR, AutoLife

Automotive News by Jayashankar Menon on Jan 13 2013

IndiaFirst Life Insurance, a joint venture between two public sector banks, Bank of Baroda and Andhra Bank, along with UK-based firm, Legal & General announce the launch of its second phase of their corporate social responsibility initiative, AutoLife in Hyderabad, India.