Auto Industry

They say it was the Osamu Suzuki magic that transformed India’s automobile industry in 1981 with the setting up of Maruti Udyog Ltd (now Maruti Suzuki India Ltd) in India. That’ not fiction, it is a fact. The man be...

A couple of days after Jagdish Khattar died on April 26, 2021, India’s leading car manufacturer Maruti Suzuki released half page obituaries in the country’s leading newspapers.

Sixty-six-year-old Sergio Marchionne, the former chief executive officer of Fiat Chrysler has died. Marchionne who was undergoing treatment in a hospital in Zurich, Switzerland was recently replaced as CEO, accordi...

Michigan (US) based Key Safety Systems (KSS), one of the leading brands in automotive safety systems, has reached an agreement in principle with the recall rocked Takata Corporation of Japan to sponsor a restructuri...

The wholly owned subsidiaries of HMCL --- HMCL NA, Inc. and HMCL Americas, Inc.----as per a “Settlement Agreement,” have agreed that HMCL Americas Inc. will acquire the ownership of certain tangible and intangible a...

India’s leading manufacturer of two wheelers Hero MotoCorp Ltd (HMCL) has announced that the US based company Erik Buell Racing in which it had invested US $ 25 million (Rs 156 crore by today’s exchange rate) has ce...

Finance Minister Arun Jaitley presented the General Budget for the year 2015-16 in Lok Sabha on February 28, 2015.

Netherlands based Spyker N.V., together with its wholly owned subsidiary Spyker Automobielen B.V. (collectively "Spyker" or the "Company"), on January 29, 2015 won an appeal filed on December 29, 2014 with the Appea...

Netherlands based Spyker car company has been declared bankrupt. On December 18, 2014, the District Court of Midden-Nederland, at the request of the administrator, converted the moratorium of payment, granted to Spy...

With unconfirmed reports suggesting that Mahindra & Mahindra (M&M) is planning to acquire Sweden based car maker Saab, it is almost confirmed that it has more to do with Anand Mahindra’s dream to become a world lead...

Dutch automobile car maker Spyker N.V., together with its wholly owned subsidiary Spyker Automobielen B.V. (collectively “Spyker” or the “Company”), filed a voluntary petition on December 2, 2014 for financial restr...