Automotive Industry news and views

Growing low-budget cars enhance opportunities for logistics players in India

Automotive News by Jayashankar Menon on Dec 6 2012

Growing auto sales and manufacturing base, especially of low-budget cars, enhance opportunities for logistics players, says a Frost & Sullivan study.

Minda Nabtesco JV to set up a new airbrake manufacturing plant in Uttarakhand

Automotive News by Jayashankar Menon on Dec 6 2012

UNO Minda, Nabtesco Automotive to develop air brakes and clutch actuation systems for M&HCVs

Cost Congress 2012 kick-starts in Chennai today

Automotive News by Jayashankar Menon on Dec 6 2012

The Confederation of Indian Industry (CII) conducted its annual conference on Total Cost Management (TCM) in Chennai today.

Audi India to reach top five list of its global ranking by 2020

Automotive News by Jayashankar Menon on Dec 6 2012

Audi India, the domestic arm of the German luxury car maker, Audi AG is aiming at becoming the numero uno luxury car maker in India by 2015, to be on top five list of Audi Global Ranking by 2020 from the current 21st position.

European bearings major URB Group to set up a $ 65 million manufacturing plant in Rajasthan

Automotive News by Jayashankar Menon on Dec 6 2012

European bearings manufacturer, URB Group is setting up a $ 65 million manufacturing plant in India with an installed annual capacity of 1,000 tonnes.

Indian forging firms look for non-automotive segments to avoid dependency on auto sector

Automotive News by Jayashankar Menon on Dec 6 2012

Impacted by demand from the automobile sector, the domestic forging industry is eventually trying to minimise dependency on sector by diversifying into non-automotive segments.

Indian auto component industry investment to hit four year low of less than $ 1 billion in 2012-2013

Automotive News by Jayashankar Menon on Dec 5 2012

The Indian auto component industry is currently facing sagging demand both from the domestic market as well as overseas markets.

AMW Motor shelves plans of selling stake due to market slowdown in India

Automotive News by Jayashankar Menon on Dec 5 2012

The Gujarat-based commercial vehicles manufacturer, Asia Motor Works initially planned to raise $ 150 million through stake dilution plan for its expansion programme.

CII TCM organising two-day event, Cost Congress 2012 on December 6 in Chennai

Automotive News by Jayashankar Menon on Dec 5 2012

The Confederation of Indian Industry's Total Cost Management Division is organising its two-day flagship event, Cost Congress 2012 on December 6 at Hotel Hilton, Chennai.

Audi Approved Plus service facility opened in West Delhi

Automotive News by Jayashankar Menon on Dec 5 2012

Audi India's latest state of the art service facility, Audi Approved Plus was opened on main Najafgargh Road, Moti Nagar this morning.

AMW launches 2528 TP Tipper in India

Automotive News by Jayashankar Menon on Dec 5 2012

Asia Motor Works, the Gujarat-based commercial vehicles manufacturer has launched 2528 TP Tipper in India, which would reduce mining cost by six percent.

TVS & Sons inaugurates Ashok Leyland 3S dealership in Chennai

Automotive News by Jayashankar Menon on Dec 5 2012

The inauguration marks TVS & Sons' 27th facility for Ashok Leyland across Tamil Nadu and 63rd dealership across India.

Ashok Leyland to roll out four products, increases spend by Rs 300 crore

Automotive News by Jayashankar Menon on Dec 5 2012

The Chennai-based Ashok Leyland Limited, the flagship firm of the Hinduja Group and one of the leading commercial vehicle manufacturers in the country is contemplating on unveiling four products and new variants of its existing offerings for Defence.

MRF Tyre shares soar by five percent at Rs 11,700 apiece at BSE

Automotive News by Jayashankar Menon on Dec 5 2012

The shares of MRF Tyres over performs the market by gaining 16 percent in past one week post Q4 earnings.

SIAM Conference addresses need to recognise diesel as viable solution

Automotive News by Jayashankar Menon on Dec 5 2012

Leading Indian Industry body, the Society of Automobile Manufacturers recently organised a conference on 'Diesel for Future: Economy & Environment in New Delhi, where the key speakers urged the need to recognise diesel as a viable alternative.