Sectors - Manufacturing  

Steel prices have been raised to partially offset the inflated production cost

Ashok Leyland-controlled Optare to withdraw from luxury coach market; eyes small bus sector

The demand for small cars has dipped below 50% but SUV's are zooming ahead

Mahindra and Mahindra along with four other companies are keen on acquiring Saab, a bankrupt Swedish car manufacturer

Auto Expo 2012 is brimming with activity; Marui to launch 4 new cars

Bajaj Auto launches its first four-wheeler and plans to target over 5 million 3 wheelers

GKN Driveline to enter differential segment as part of its expansion drive in the country

The Delhi government is planning to construct a Rs. 3, 100 crore industrial hub

Nissan plans to launch its MUV in Aug 2012

A two-fold jump has been reported by Nissan Motor India for last month

French carmaker Renault is planning to develop an all new small car for India

Volkswagen AG likely to become the biggest car maker in the world this year

Maruti rolls out 200 cars from Manesar unit even in the midst of strike

Targets high cost import of stainless with low cost domestic production

India's largest car maker is working to present 20 new models to consumers in the next 5 years

Analyzing the growth of the Indian Automotive Industry

The Manufacturing industry of India is the backbone of the economy that strengthens employment, agriculture & the service sectors

GKN would acquire the all-wheel-drive (AWD) components businesses of Getrag KG, the privately held German company

Jet Airways now aims on focusing more on international expansion

The attack in Mumbai terribly affects the diamond industry as merchants across India shut shop as a mark of solidarity

Renault's 'Fluence' to launch in India today

Team India's Yuvraj Singh has been gifted Audi Q5 for his stellar performance at the World Cup

Sporting 'Jet Black' interiors, GM India launches Chevrolet Cruze to be available across dealerships at Rs. 11, 92, 602

New Aircraft Offers Customers Increased Capacity on Important Trade Lanes between the U.S., Middle East, India and Europe

India's largest car manufacturer said that it had increased prices of its vehicles across all models

The 48-hour deadline to workers will come to an end today and General Motors India said it plans to start two-shift production at the company's Halol plant from Friday. This, they say, will happen regardless of whether the remaining 250 workers join work or not.

Senior officials in automobile companies have said that India is all set to produce 3 million cars by the end of this financial year! This will make the country the world’s six largest car manufacturing country in the world after South Korea.

Auto parts vendors to Tata Motors Ltd. have stated that the company may soon start exporting its Nano mini car to Indonesia, Thailand, Sri Lanka and Africa by December this year.

“Air India was initially looking at about seven airports to establish its international hub. Later, they came down to two and Dublin is one of them,” said Irish Minister for Transport, Tourism and Sport Leo Varadkar.

Renault has announced that it is targeting 70,000 units over next four to five years. The French company is establishing a Rs 4,500 crore car manufacturing plant at Oragadam along with its Japanese partner.

On Thursday, Tata Motors announced that it has finally launched new diesel and petrol variants of its hatchback Indica. Tata Indica eV2 will be priced between Rs 2.95 lakh and Rs 3.95 lakh (ex-showroom, Delhi).

It could be pressing time for International car makers as names like Honda, Hyundai and Volkswagen will be scrutinized by the Competition Commission of India (CCI) for supposedly misusing dominant market position and selling parts to consumers at exorbitant prices.

Roy Kurian, national business head, India Yamaha Motors, said, “We were studying the Indian market intensively over the last two years to gauge the requirements of customers here. We decided we needed a new product for the consumers here. A product is in development at our R&D centre in Japan, which would be introduced shortly.”

Porsche plans to introduce its Panamera Hybrid super car in the country within the next few months, a top company official stated.

The fastest pace of growth for the manufacturing sector in India was seen lately. But in spite of this, the sector is still battling rising input costs (particularly metals), according to Purchasing Managers’ Index (PMI) compiled by HSBC.

Finance Minister Pranab Mukherjee announced in his budget yesterday that the excise duty on cars and bikes would be maintained. This move has invited more companies to come and make further investments in this sector.

Business Review India checks the best in car launches! Maruti SX4 diesel

Loop Telecom has confirmed this in its affidavit to Supreme Court. This news came after an investigation by the federal investigators that Ruia brothers of the Essar Group, through a maze of companies, have more than 10% in this mobile phone company. This is not acceptable as it is not allowed by law.

Matters took a serious turn at Air India last week after the January salaries of employees were delayed thrice. The state-owned carrier has been employing senior executives at high salaries even as the company has been bleeding heavily.

Three-independent sources have confirmed the news that state-owned airline Air India has arranged for a short-term loan to pay wages to its employees. On Feb 10, a union representing pilots flying on domestic routes threatened to go on a strike if the airlines failed to pay them pronto.

Kingfisher Airlines is now aiming to add eight leased aircraft to its fleet by October this year. The company plans to expand capacity owing to the increase in air traffic, the firm said in an investor presentation made earlier in January.

The Hero Group has signed a final licensing agreement with Honda which will allow them to access the Japanese firm’s technology for all its existing and future projects till 2014.

Toyota is increasingly busy with Etios customers these days. The company is soon hoping to increase the production of Etios with its plant in Bangalore where it invested Rs. 3200 crore.

The valuation of the total deal is around $15.6 billion (Rs 70,000 crore).

Indian consumers mostly prefer small cars as they are cheaper and more fuel-efficient as compared to sedans. India is one of the fastest growing automotive markets in the world with two third of car sales happening here alone. Plus, the car market is rapidly growing in rural segments of the nation which is why companies like Renault are banking on innovation to make the best profits here.

Toyota Kirloskar is seeing orders pouring in heavily for its latest sedan Etios. The important task for the company, however, is to ensure that lump orders are delivered on time. Toyota believes that the car has received a good response owing largely to its price tag.

Instead of maintaining individual identities for each service, R-ADAG is rebranding all its business as ‘Reliance’. “The aim is to transition from multiple Reliance sub brands to a singular iconic Reliance master brand,” head of brand and marketing for Reliance Communication, Sanjay Behl said.

The plant near Bangalore is operated by the Kirloskar Group-Toyota Kirloskar Motor(TKM) joint venture and boasts of a production capacity of around 80,000 units every year.

Mahindra has finally launched its lifestyle off roader in the Indian market after making consumers wait for years! From the first look, we are certain that this baby is likely to take roaders back to the days of free spirited ‘jeeping’.

The Tata Nano was a small car that was expected to rope in big numbers for the Tata Group but now it looks like all is not well in the company. 15 months after launch, there have been instances of the car going up in flames, ambiguity about its positioning, poor distribution reach and financing bottlenecks.