Rane Holdings Limited, the investment arm of the auto component major, Rane Group of companies announced its unaudited consolidated financial results yesterday for the quarter ended September 30, 2012.
Currently worth Rs 19,000-24,000 crore, the automotive aftermarket in India has been growing at eleven percent and is estimated to reach Rs 39,000-44,000 crore by 2015, says a CII-McKinskey and Co report on opportunities in the Indian automotive aftermarket in auto service sector.
Global OEMs entering India directly or through joint ventures have all created detailed training programmes for all their service centres (own and authorised) to ensure consistent service delivery to their customers.
The automobile sector in the country is set to continue in its growth trajectory for the next five years and India is an increasingly favourite destination for global majors looking at emerging markets, says a KPMG report.
Auto Serve 2012, the annual event is organised by the Confederation of Indian Industry focused on automotive care, maintenance, components and spare parts, will be held at Chennai Trade Centre, Nandambakkam from November 16-18.
The automotive replacement market in India, for the first time is likely to report a negative growth in the current fiscal by around 10-15 percent from the current $ 3.7 billion.
Maruti Suzuki India has dismissed 546 workers, out of which 150 of them are in jail for indulging in violence.
The Chennai-based Hyundai Motor India Limited, facing in what the company terms as 'illegal disruption of work' by the minority CITU affiliated union is defiant on its stance of not recognising the union.
Indian industrial growth declined to 2.7 percent in August this year, thanks to the poor show by the manufacturing sector and contraction in capital goods output.
TFS, a subsidiary of Toyota Motor Corporation, expand their presence through the Southern Region with attractive offers.
Nissan Global Foundation confers scholarship on IIT-Madras duo for 2012.
Indian auto component manufacturer, Motherson Sumi Systems today reported an over five-fold increase in its consolidated net profit at Rs 137.58 crore for the second quarter ended September 30, 2012 on account of robust exports.
Six international institutions will establish India operations at the proposed SEZ by Bharat Forge.
The automotive system lab of Robert Bosch Engineering to conduct study on live engine and vehicle systems.
Multi-brand car service major Mahindra First Choice is on the growth path and as part of its ambitious expansion plans, the company would open 275 outlets pan India.
