Automobile Industry News

India becoming SUV hub for world: Ford Motor

gopi — Tue, 18 Jun 2013 08:37:09 +0000

Summary:

CHENNAI: Major automaker, Ford Motor Co is planning to increase the vehicle exports from India, as it has planned to manufacture more vehicles on global platforms to reduce costs and increase production.

Alan Mulally, President and CEO of the Ford Motor Co, said, "India has a caliber to become a compact sports utility vehicle hub.

Amid slowdown in Indian auto market, SIAM fears job cuts

gopi — Tue, 18 Jun 2013 08:16:38 +0000

Summary:

NEW DELHI: Amid the falling graph of domestic car sales in India, the apex automobile body, Society of Indian Automobile Manufacturers (SIAM) has warned about the possibility of job cuts in near future.

Local passenger car sales decline 12.26% in May

gopi — Tue, 18 Jun 2013 07:57:34 +0000

Summary:

NEW DELHI: Despite high discounts on offer, the overall domestic car sales during April-May 2013 declined by 12.26 per cent, the Society of Indian Automobile Manufacturers (SIAM) said recently.

Myers Tire, ASL enter into JV to distribute auto equipment

admin — Fri, 14 Jun 2013 10:01:25 +0000

NEW DELHI: Myers Tire Supply International Inc., a Myers Industries, Inc. company (NYSE: MYE), recently announced a joint venture with the India-based TVS Automobile Solutions Ltd. (ASL) to distribute tools, supplies, and equipment into the fast-growing Indian automotive aftermarket. The new company is called Myers Tyre Supply India Limited, Inc.

'India's automotive engineering service market to grow 18.22% annually through 2016'

admin — Tue, 21 May 2013 07:09:50 +0000

NEW DELHI: According to new research, the automotive engineering service market in India will grow at a CAGR of 18.22% to 2016.

One of the key factors contributing to this market growth is the cost effectiveness of the Indian Automotive Engineering Service industry.

General Motors India expects market revival by Oct

admin — Tue, 21 May 2013 07:05:05 +0000

NEW DELHI: Auto major, General Motors India expects the automobile market in the country will show signs of revival by October- November , this year, according to company's Vice President (vehicle sales, service and marketing), Rajesh Singh.

Indian auto industry begins 2013-14 with declining sales

admin — Tue, 21 May 2013 06:12:51 +0000

NEW DELHI: The automobile industry produced 1,684,011 vehicles in April 2013 as against 1,721,455 in April 2012, decline of 2.81 per cent over same month last year, according to the apex body of auto industry SIAM.

The overall domestic sales in the month of April 2013 declined by 0.34 per cent over same month last year.

Exclude automobile sector from India-EU FTA: Maruti Suzuki India

admin — Tue, 21 May 2013 06:00:37 +0000

NEW DELHI: India's leading car maker Maruti Suzuki India (MSI) recently said that government should keep automobiles out of the proposed free trade agreement between India and EU as such a move could impact job creation in the country.

EU members express willingness to work out 'balanced outcome' over FTA

admin — Tue, 07 May 2013 08:44:30 +0000

Summary:

NEW DELHI: After the failure of several round talks, the European Union is ready to work out for a "balanced outcome" in the proposed free-trade agreement with India, according to the visiting Members of the European Parliament.

Mahindra eyes 30% sales growth in pre-owned car biz

admin — Tue, 07 May 2013 08:32:02 +0000

Summary:

NEW DELHI: Mahindra First Choice Wheels is expecting around 30 per cent growth in sales this year on the back of an aggressive network expansion. Mahindra First Choice Wheels is the multi brand pre-owned cars business of the Mahindra group.

Auto sales in India remain mixed in April

admin — Tue, 07 May 2013 08:24:08 +0000

NEW DELHI: The new financial year started on a mixed note for car makers with leading firms, including Maruti Suzuki, Mahindra & Mahindra, Honda Cars and General Motors, reporting growth in domestic sales in April.

CCI probing car makers for alleged cartelisation: Pilot

admin — Tue, 07 May 2013 08:19:48 +0000

Summary:

NEW DELHI: The fair trade regulator Competition Commission of India (CCI) is probing certain car makers for alleged anti-competitive practises in their businesses.

Over 11 crore vehicle RCs, Driving licences to be digitalised by Mar'15

admin — Thu, 25 Apr 2013 07:03:06 +0000

Summary:

NEW DELHI: Of the 993 Regional Transport Offices (RTOs) across all the 35 states and Union territories 987 have been replicated under the national register.

EU car majors to flood Indian automobile market post FTA

admin — Tue, 23 Apr 2013 12:14:46 +0000

Summary:

HYDERABAD: The proposed India-EU free trade pact may pave a way for some European car majors to flood the Indian automobile market with their vehicles, a senior official of Honda Cars India Ltd ( HCIL) said.

'Auto Ancillary Market likely to witness steady growth in next five years '

admin — Tue, 23 Apr 2013 12:07:36 +0000

NEW DELHI: Reportstack, provider of premium market research reports announces the addition of Auto Ancillary Market in India 2013 market report to its offering Auto ancillary market is expected to witness steady growth in the next five years. The original equipment manufactures and auto aftermarket is generating huge demand for the auto ancillary products.

BMGI presents roadmap for 'Indian Commercial Vehicle Industry'

gopi — Sat, 20 Apr 2013 05:36:37 +0000

Summary:

MUMBAI: As the strategic advisor for India Commercial Vehicle Summit 2013, held in Westin, Pune on the 4th and 5th of April 2013, BMGI presented the roadmap for innovation for the Indian Commercial Vehicle (CV) Industry.

'Continue duty on imported vehicles from Europe'

gopi — Thu, 18 Apr 2013 08:03:33 +0000

Summary:

NEW DELHI: Union Minister for Heavy Industries and Public Enterprises Praful Patel on Wednesday calls for continuation of the current tax structure on imported vehicles from Europe, despite European Union clamours seeking for cut in import duty on its cars.

Honda's Dream Neo rolled out at Rs 43,150

rimme — Thu, 18 Apr 2013 04:56:44 +0000

Summary:

GURGAON: Honda has rolled out its latest 110 cc motorcycle, the Dream Neo, priced at Rs.43,150, making it the company's cheapest two-wheeler in India.

So far, Honda's arm Honda Motorcycle & Scooter India's (HMSI) 110cc scooter Dio was its cheapest two-wheeler in Indian at Rs.44,718.

Volkswagen set to roll out Polo GT soon

rimme — Wed, 17 Apr 2013 05:21:02 +0000

Summary:

NEW DELHI: The German auto major Volkswagen is all set to roll out the Polo GT in the Indian market on April 25.

The Polo 1.2 TSI will boasts of combination of direct injection and turbocharging, making an impressive power output of 105bhp.

Nissan introduces new financing scheme amid slowdown

rimme — Mon, 15 Apr 2013 06:12:51 +0000

Summary:

MUMBAI: In an attempt to smoothen the declining demands amid weak consumer sentiment, the Japanese car making major Nissan has introduced new financing scheme that offers easier repayment options to car buyers, that can result in up to 40 per cent drop in EMIs.