JK Tyre acquires Haridwar tyre unit of Kesoram Industries for Rs 2200 crore

JK Tyre & Industries has finally confirmed that it is buying Cavendish Industries Ltd (CIL) tyre unit of Kesoram Industries. In a press release, the company stated that JK Tyre & Industries Limited (JK Tyre) and JK...

ICRA says tractor industry to grow 4pc-6pc in FY15

Credit rating agency ICRA has predicted that the sales in the Indian tractor industry are likely to abate in the current fiscal (FY15). It says that untimely rains in some parts of the country during the months of F...

Lanxess polymers for the two wheeler industry.

By the year 2016-17 the Indian two-wheeler industry is expected to reach a size of 22-23 million units spurred by a volume CAGR of 8 to 9pc, says a report published by ICRA in 2013. Global technology leader Lanxess ...

Anil Dua resigns from Hero MotoCorp.

Anil Dua has decided to resign from his post of Senior Vice President of Sales & Marketing, Hero MotoCorp. He has quit to pursue opportunities elsewhere. According to unconfirmed sources, he has got a job opportunit...

Ravi Kant retires as Tata Motors’ Vice Chairman.

Veteran automotive industry leader Ravi Kant who was the Non-Executive Vice Chairman of Tata Motors, retired from the Board of the Company on May 31, 2014. As per the company’s retirement policy, he had to retire on...

Setco Automotive, Lingotes of Spain form JV

Setco Automotive Ltd (Setco) and Lingotes Especiales S.A. (Lingotes) have announced the formation of a 30 million Euros (Rs 250 crore approx.) joint venture over threeyears called Lava Cast Pvt Ltd, focused on devel...

Skoda produces three-millionth 1.2 HTP engine

Skoda Auto has produced the three millionth petrol 1.2 HTP. The three-cylinder engine of the EA 111 series has been running off production lines at Skoda’s main plant in Mladá Boleslav since 2001, and is used in Sko...

Jean-Marc Gales is new CEO of Group Lotus

Proton Holdings Berhad (“Proton”) has announced the appointment of Jean-Marc Gales as the new Chief Executive Officer of Group Lotus plc, effective May 1, 2014. Lotus is a wholly owned subsidiary of Proton and a mem...

Ricardo tech director to chair key R&D associatio

Simon Edwards, Ricardo’s global director of technology, has been appointed to chair EARPA, the influential association of automotive R&D organisations across Europe Founded in 2002, EARPA – the European Automotive R...

Hindustan Univ, VW sign MoU on advanced course

Hindustan University and Volkswagen Group Sales India Private Limited have signed an MoU to offer Advanced Diploma Course in Autotronics in Chennai, India. This unique course will be offered for the first time in I...

TRW -Rane JV to manufacture airbags, seat belts

TRW Automotive Holdings Corp. announced that its joint venture Rane TRW Steering Systems Limited in India has expanded to manufacture TRW airbags and the latest generation of seat belt systems. Frank Mueller, vice p...

TAFE’s Mallika Srinivasan conferred Padma Shri

Ms. Mallika Srinivasan, Chairman & CEO of TAFE Group was conferred the Padma Shri by the Government of India for her contribution to Trade & Industry. Ms. Srinivasan received the award from President Pranab Mukherj...

Honda’s Asimo greets US President Obama

It’s always a privilege to meet the most powerful man on earth, the President of the United States. It is even a privilege for a robot to meet the Big Man. Asimo, Honda's bipedal humanoid robot, recently greeted U.S...

Omron sets up first Automation Centre in India

The 650.5 billion Yen (Rs 38,824 crore approx) Japan-based Omron group with business interests in Industrial automation, electronic components, automotive electronics, social systems and healthcare, has set up its f...

At Nissan they keep Planet Earth green

The World Environment Day is just another day at the Nissan Technical Center North America (NTCNA). Everything that is done here, has an element of green in it. Inside, a thermal ice storage system efficiently reduc...

Rajiv Bajaj says Union demands “entirely insane”

In a strongly worded message issued to the media on April 17, 2014 against his company’s union, Rajiv Bajaj, Managing Director of Bajaj Auto Ltd has said the demands of the union are “entirely insane”. The union is...

Buchmann is VW India Head, Group After Sales

Berndt Buchmann has been appointed as Director, Group Service of Volkswagen Group Sales India Private Limited with effect from May1, 2014. As the Head of Group After Sales, he will be responsible for Parts Operation...

Bosch doing some great work in direct injection

After having successfully brought in the common-rail technology for diesel engines, Bosch is doing wonders with the gasoline direct injection technology. According to a press statement, the company has already revol...

Unique Spyker bond offers B6 Venator as redemption

Dutch supercar maker Spyker N.V may have delayed its plans to enter India but has in the meantime introduced first-of-its-kind investment opportunity to support launch of its Spyker B6 Venator. The company has creat...

Thierry Lespiaucq new MD of VW Group Sales, India

Thierry Lespiaucq has taken over as Managing Director, Volkswagen Group Sales India Private Limited in place of Arvind Saxena who has resigned from his position as Director of Volkswagen Passenger Cars Division in I...

Ansal University conference on supply chain

Ansal University, Gurgaon, a private university with strong international collaborations dedicated to providing advanced trans-disciplinary education hosted two day-long 2nd Industry-University International Confere...

Excise relief for Motown Industry

In the Interim Budget, Finance Minister P Chidambaram reduced excise duty on small cars and motorcycles from 12pc to 8pc. There is also a cut to 20pc for large and mid segment cars and 24pc (from 30pc) for SUVs. Com...

NGK Spark Plugs launches a new spark plug MR7C-9N

NGK Spark Plugs, the global leader and spark plug expert has launched MR7C-9N, the latest in its range of spark plugs at the Auto Expo Components Show 2014. The new NGK-MR7C-9N uses a special metal alloy to enhance ...

Magneti Marelli new lighting plant in Malaysia

A new Magneti Marelli automotive lighting plant for the production of headlamps and rear lights for

JLR to invest £355 million for engine unit in UK

Following a successful Frankfurt International Motor Show and recent discussions between Jaguar Land

Mahindras finally get cosy with SsangYong

MUMBAI: For the Mahindras, it’s yet another feather in its cap. Going the Tata way of acquiring auto




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