Auto Industry

SAIC Motor, a global Fortune 500 company with annual revenues of around US$ 110 billion and a presence in over 100 countries and the US$ 23 billion JSW Group, (India’s leading conglomerate with interests across B2B ...

In a significant milestone, e-Sprinto, an electric two-wheeler manufacturer, has successfully sold over 8000 electric scooters since its inception in March 2022.

The Directorate of Enforcement (ED) has recovered and seized foreign currency, cash, gold and diamond jewellery (including foreign origin gold) worth 25 Crore (approx.) along with certain incriminating documents inc...

Modern Automotives Ltd. has become the first Indian company to achieve approval for deliveries of differential pinion shaft to BMW AG Munich. The order comprises 2.5 million units to be delivered by 2034.

BorgWarner has opened a 95,000 square foot electric propulsion engineering centre in the Whitefield neighborhood of Bangalore, India. The team there will work on inverters, DC/DC converters, on-board chargers, integ...

Sona BLW Precision Forgings Ltd. (Sona Comstar), one of the leading global providers of automotive technology solutions, has signed an agreement to acquire a 54% equity stake in Novelic, a Serbia-based company found...

Indian global automotive components manufacturer Advik Hi-Tech Private Limited”) has announced that it has signed a Joint Venture (JV) with Australian clean energy Company Pure Hydrogen Corporation Limited.

Pre-owned car retailing platform Spinny has acquired a 100% stake in AI-powered connected car startup Scouto. The deal will mark one of the first consolidations in the AI-powered used car solutions segment where Spi...

TVS Motor Company announced the successful acquisition of a 75% stake in the Swiss E-Mobility Group (SEMG). The acquisition reaffirms TVS Motor Company’s commitment to expansion in Europe through a portfolio of prem...

As per a research report released by Emkay Global Financial Services the overall revenue growth for companies (ex-Tata Motors) under coverage to remain flat YoY in Q3FY22, as volume growth was affected by temporary ...

Napino Auto & Electronics Ltd, a leading automotive component designing & manufacturing company, has announced partnership with Kerdea Technologies Inc. a US based company with proprietary O2 Sensor (resistive techn...

Ather Energy, India’s leading EV scooter brand, commissioned its second manufacturing facility in Hosur to cater to the growing demand of its electric scooters - the 450X and 450 Plus. The company plans to manufactu...

Igus, the global leader in motion plastics, has announced an aggressive growth plan and strategy in the backdrop of 20 successful years of operations in India. As the 9th largest market globally and the 3rd largest ...

Bajaj Auto’s clout in the global motorcycle market, both in the conventional IC engine space as well as the electric two wheeler space, will increase considerably once the proposed simplified equity structure in the...

Sterling Gtake E-mobility Ltd (SGEM), NCR-based motor control units (MCUs) manufacturer for electric vehicles has announced that it has secured an order worth Rs 60 crore for MCUs from a leading 2W EV OEM.

The retail sales of automobiles plunged for the month of May 2021 with sales falling by as much as (-) 55 per cent on month on month (MoM) basis. The industry witnessed a bloodbath, claimed the Federation of Automob...

The Goodyear Tire & Rubber Company has announced that it has completed its acquisition of Cooper Tire & Rubber Company, finalising the merger agreement made public on February 22, 2021.

Okinawa Autotech, a leading electric vehicle (EV) manufacturer has announced a range of milestones achieved over the last financial year, as well as the roadmap for the ongoing financial year. The company clocked a...

India’s leading rating agency ICRA has estimated that the revenue decline for the Indian auto component industry will be limited to 6-8% in FY2021 supported by the better-than-expected demand pick-up across most seg...

Tyre majors Goodyear Tire & Rubber Company and Cooper Tire & Rubber Company announced that they have entered a definitive transaction agreement under which Goodyear will acquire Cooper in a transaction with a total ...

Motherson Sumi Systems Limited (MSSL), via its Mexican subsidiary, Motherson Rolling Stocks S. de R.L. de C.V. (MRS), has signed an asset sale and purchase agreement to acquire the activities of Electrical Wiring In...

With social distancing the norm of the day during the prevailing covid-19 pandemic, Luxury Ride, a growing chain of pre-owned luxury cars, announced that it is expecting as much as 60% of all its revenues to come fr...

As both Fiat Chrysler Automobiles N.V. and Peugeot S.A. ("Groupe PSA") move towards the completion of their 50:50 merger as defined in the Combination Agreement announced on December 18, 2019, the two companies have...

Barely five months after rejecting French auto major Groupe Renault as its bed partner, Fiat Chrysler Automobiles (FCA) has hopped back into the bed with another French automobile major – Groupe Peugeot S.A. Accordi...

For Union Minister Nitin Gadkari, it’s been a journey from taking on a confrontationist attitude to one of being benign and accommodating. At the 59th Annual Convention of the Society of Indian Automobile Manufactu...

Audio equipment giant Sennheiser, has entered the automotive sector with an Ambeo immersive audio solution for in-car entertainment and communication in collaboration with Southern California-based luxury automaker,...

The government has announced the reduction of Goods and Services Tax (GST) rate on all electric vehicles from 12% to 5%. The GST rate on charger or charging stations for Electric vehicles is also reduced from 18% to...

Fiat Chrysler Automobiles N.V. has delivered a non-binding letter to the Board of Groupe Renault proposing a combination of their respective businesses as a 50/50 merger. Groupe Renault has confirmed receipt of a pr...

The US $ 1.5 billion India based JBM Group with business interest in auto systems and assemblies has acquired major shareholding in Germany based Linde-Wiemann GmbH KG, a leading manufacturer of complex structural ...

In an industry first initiative, Nippon Paint, Asia’s leading paint manufacturer has announced the launch of Nippon Paint X’press, its unique car painting and car care centre concept in India. The first Nippon Paint...

Building on its ‘Hamara Bajaj’ roots, two-wheeler manufacturer Bajaj Auto Ltd released its new brand identity as “The World’s Favourite Indian” to announce its transition from a domestic scooter maker to a global mo...

Sun Mobility, a leading provider of energy infrastructure and services for electric vehicles (EVs), announced a partnership with SmartE, India’s largest electric vehicle fleet operator, to deploy its universal energ...

Mahindra First Choice Wheels, India’s leading multi-brand certified used car company has launched its “Edition” brand, the country’s first premium used cars franchise network.

Tremendous opportunities await the auto component industry in India on the back of the growing vehicle consumption in India on one hand and the introduction of next generation mobility on the other. ACES – Autonomou...

After one year of successful journey of Rico Auto in the aftermarket two-wheeler market, the Arvind Kapur-controlled company has announced its foray in the 4- wheeler aftermarket component segment. The announcement ...

Iconic motorcycle manufacturer of the US and a favourite company of US President Donald Trump is beginning to appreciate the flavour of Indian curry. It has just announced its own recipe for the Indian palate wherei...

Nissan Motor Co., Ltd. unveiled a major expansion strategy in the Africa, the Middle East and India region as part of the company’s six-year mid-term plan, Nissan M.O.V.E. to 2022.

Bharat Forge Ltd., a Pune based global leader in metal forging, has announced a strategic investment of UK Pounds 10 million (Rs 90.30 crore approx.) in Tevva Motors (Jersey) Limited, a company incorporated and regi...

Volvo Cars, the premium car maker, has announced new financial and operational ambitions that will position the company as a leading player in the global automotive business by the middle of the next decade.

Auto and farm equipment major Mahindra & Mahindra has finally found its place in the sun after several years of perseverance and hard work, the last three years being significant ones that led to the company transfo...

Audi aims to sell approximately 800,000 fully electric cars and plug-in hybrids in the year 2025. At the Annual General Meeting of AUDI AG held on May 9, 2018, the Board of Management presented the updated “Audi.Vor...

Interview with Pradeep David, General Manager, Universal Robots – South Asia. Universal Robots

Motherson Sumi Systems Limited (MSSL), the flagship company of the Samvardhana Motherson Group (SMG), through its step down subsidiary Samvardhana Motherson Automotive Systems Group B.V. (SMRP BV), has announced th...

Kinetic Engineering Limited, part of the Kinetic Group of Companies headed by Arun Firodia which transformed its business from two-wheelers to auto component systems since 2009, has in a board meeting held on Decemb...

Advik Hi-Tech, a leading global automotive component manufacturer announced that it has won 6 orders for supply of Transmission Oil Pumps from Magna Powertrain, the largest independent supplier of 4WD/AWD systems gl...

The Rs 2.90 trillion (FY2017) domestic auto component industry is expected to grow by 9-11% during FY2018, driven by robust growth expectation in domestic passenger vehicles (PV)s and two wheelers (2W) segment.

Pricol Limited, a leading manufacturer of automotive components and solutions provider for the global automotive market, has announced an exclusive Joint-venture agreement with Zorg Industries (Hong Kong) Limited to...

Osram India, a wholly owned subsidiary of Osram GmbH (Germany), one of the world’s leading lighting manufacturer and the world market leader in automotive lighting, has announced the launch of its new range of high ...

The government has announced a graded duty revision on cars, as part of the GST (Goods & Service Tax) council’s rate revision. As part of this graded increase, an additional cess of 2% has been levied on mid-size c...

Prashanth Doreswamy will succeed Claude d'Gama Rose as the Market Head of Continental India and Managing Director, Continental Automotive India. Rose who will be retiring shall be succeeded by Doreswamy on October 1...

Mercedes-Benz India has categorically stated that the decision of the Goods and Services Tax Council to raise the cess on luxury cars from the current level of 15pc to 25pc will be a strong deterrent to the growth o...

SAIC Motor Corporation, one of the biggest corporations in the world and the largest automobile giant in China, has announced its plan to enter the Indian automobile market through a fully-owned car manufacturing fa...

Interview with Pietro Gorlier, CEO, Magneti Marelli and Saju Mookken, Country Manager & MD, Magneti Marelli India

Sundaram-Clayton Limited (SCL) is planning to invest Rs 400cr over 3 years to expand its facilities in India. This will increase its capacity from 60,000 MT to 70,000 MT. SCL has 4 manufacturing plants situated in ...

Leading global auto components major Motherson Sumi Systems Ltd (MSSL) controlled by Vivek Chaand Sehgal has announced plans to acquire PKC Group Plc of Finland for around Euros 571 million (approximately Rs 4160 cr...

Rockman Industries, a Hero Group company has acquired a majority stake in Moldex Composites, a British-Indian venture, thereby making its intention known that it is investing in next-gen carbon composites technology...

Huntsman Corporation has named Harshad Naik as Managing Director, India Subcontinent, effective September 2016. Huntsman manufactures products for a variety of global industries, including automotive.

Varroc Lighting Systems India Pvt Ltd., a wholly owned entity of the Varroc Group and a leading company in the Indian automotive industry, has been named the recipient of the ‘India Automotive Lighting Technology In...

Interview with Sanjay Gupta, Sr. Director, NXP Semiconductors. Gupta says that according to IMS Research, the global market for automotive electronics is set to rise to Rs.13.04 lakh crore ($240 billion) in 2020.

Interview with Ayush Lohia, CEO, Lohia Auto Industries Limited

‘Kabali’, the blockbuster Tamil movie starring south Indian superstar Rajnikanth got off to a roaring start in July 2016 across cinema halls in India. While Rajnikanth is, without doubt, a showstopper and a star to ...

The bite of the Chinese dragon is beginning to get fatal for the Rs 50,000 crore Indian tyre industry. On the one hand while Indian tyre majors are facing a severe shortage of raw material like rubber in the countr...

Interview with Prasan Firodia, Managing Director, Force Motors Ltd

Force Motors has inaugurated a new engine and axle assembly plant exclusively for Mercedes-Benz India in Chakan, Pune. The Firodia controlled company has invested around Rs 100 crore in this new greenfield facility....

Volvo Cars, the premium car maker, has announced it is seeking to raise Euros 500m (Rs 3798 crore) from a bond issue, its first foray into the global corporate bond markets in its 89 year history. The Swedish compan...

With the acquisition of CIL, JK Tyre will have additional capacity of truck & bus radials, an important and high growth segment, where it is already the market leader. It will also provide JK Tyre entry into the fa...

As has always been happening in the past, the Indian automotive industry has been left with no other choice, but to grin and bear it and pretend everything is hunky- dory. An additional 1 per cent tax will now be co...

The highlights for us this year is Lubistrands and oil detact. Coming to Lubistrands, we have developed a lubricant which defies gravity, defies stickiness, there is complete lubrication inside the engine, and thi...

Pricol Limited, a leading manufacturer of automotive components for the global market, has unveiled its new brand identity, a new logo that demonstrates the value and the commitment Pricol brings to its four signifi...

Hero Cycles, world’s largest bicycle manufacturer by volume, has acquired Firefox Bikes, India’s largest premium bicycle brand, as part of its strategy to further cement its position in the fast-growing premium cycl...

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...

Avtec Ltd, among the several brilliant companies of the CK Birla Group, has got several formulas ready for engineering a massive growth in the near future. But the common ingredient that will make all these formulas...

For the Rs 7,625 crore Kalyani group controlled by Baba Kalyani, ‘Make in India” has been a way of life. For long, this group which has business interests in the fields of automotive, energy, rail, marine, aerospace...

Union Minister of Road Transport and Highways Nitin Gadkari has stated that the Government has been mulling the option of creating a new department of transport which will be headed by a new Secretary. The new depa...

Varroc has probably the most diverse portfolio of products for the two wheeler industry ranging from plastics to electrical, electronics and metallic products for powertrains. We even make catalytic converters. We a...

Interview with Prabhakar Kadapa, Chief Executive Officer, Avtec Ltd. Kadapa talks at length about his company's aggressive growth plans

The Rs 50,000 crore Indian tyre industry today has a few reasons to smile and a few reasons to frown. On the one hand, after a lull in the industry while the demand for tyres in 2015-16 is seeing a growth coupled wi...

It was only on June 2, 2014, barely a year back that the State of Telangana was formed. It became the 29th State of the Indian Republic. The State Chief Minister K. Chandrasekhar Rao is keen to transform this small ...

TVS Srichakra Limited, a part of the TVS Group, the largest auto ancillary group in India, with a group turnover of over USD 8 Billion, is the leading manufacturer of Two & Three Wheeler tyres and Off-Road tyres. In...

Leading automobile manufacturer in India Mahindra & Mahindra will invest around Japanese Yen 3 billion (USD 25 million / Rs 159 crore approx.) for acquiring 33pc voting stake in Japan based Mitsubishi Heavy Industri...

Global automotive supplier Motherson Sumi Systems Ltd. (MSSL) through its subsidiary Samvardhana Motherson Automotive Systems Group BV (SMRPBV) has received a massive order worth Rs 15,400 crore from Daimler for the...

The braking systems, including the Anti-Lock Braking Systems that will be mandated by the Indian government by the end of this year will be a major contributor to road safety, says Wabco chief

Interview with Harish Sheth, Chairman & Managing Director, Setco Automotive Ltd

Interview with Pawan Sharma, Vice President, Domestic Sales Elofic Industries Ltd

Lego brand scores highly on a wide variety of measures on Brand Finance’s Brand Strength Index such as familiarity, loyalty, promotion, staff satisfaction and corporate reputation. Lego is a uniquely creative and im...

Breakthrough Management Group International (BMGI), a global consulting firm, has come out with a white paper on “Demystifying pricing in Passenger Vehicle Industry- Scientific way to stay ahead of curve”. This pap...

SparesHub.com is an e-commerce site started by three friends –Tapas Gupta, Arijit Chakraborty and Diptanu Bhadra. SparesHub.com is a one stop shop for buying all car spare parts and accessories from reputed brands l...

With an aspiration to cross the USD 100 billion mark and to have at least five Indian suppliers amongst top-global-hundred by 2020, the Automotive Component Manufacturers Association (ACMA), the apex body for the In...

National Engineering Industries Limited (NEI) is the flagship company of the CK Birla Group. NEI was founded in 1946 by renowned industrialist B M Birla, under the name of ‘National Bearing Company Limited’.

Terex is a US based company which operates through five verticals and one of the verticals is Terex Construction and that is where our company belongs. We are based out of Greater Noida and what we manufacture here ...

After the Union Cabinet approved the proposal for introduction of a Bill in the Parliament for amending the Constitution of India to facilitate the introduction of Goods and Services Tax (GST) in the country on Dece...

India may not see a dramatic increase in the use of turbo chargers in vehicles in the coming years, but yes, there will be a marginal increase in turbo penetration. There will be an increase from 46pc in 2014 to 48p...

Johnson Controls the and Yanfeng Automotive Trim Systems Co., Ltd., a wholly owned subsidiary of Huayu Automotive Systems Co., Ltd. (HASCO), the component group of Shanghai Automotive Industry Corporation (SAIC), ha...

For the year ended March 31, 2014, Nissan Motor Co., has earned a net revenue of US $ 104.62 billion (Rs 6,26,694 crore approx.). The net income for the year stood at $3.88 billion (Rs 23,237.6 crore). Announcing th...

Even though the parent company Tata Motors is experiencing falling sales influenced by terrible market conditions in India, its fully owned company Jaguar Land Rover, UK's leading manufacturer of premium luxury vehi...

Ferrari is not only the maker of some of the world’s most exquisite cars that can be driven at very high speeds. The company Ferrari is also about rewarding its employees. According to a company statement, Ferrari h...

Tata Opportunities Fund (TOF), the flagship private equity fund of Tata Capital, is investing Rs 300 Crore (USD 50 million) in Varroc Engineering Private Limited, the holding company of the Varroc Group, according t...

Manufacturers of Volvo cars are now finally out of the woods. The Volvo Car Group reported a full-year operating profit of 1,919 million Swedish Kroner (MSEK) (Approx. Rs 1825 crore ) for 2013 and will stay in the ...

The Audi Group delivered around 1.575 million cars of the Audi brand globally in 2013. The Ingolstadt (Germany) carmaker achieved new record sales and reached the target that it had set itself for 2015 – more than...

After 2012, Ferrari’s best year of sales, the company had decided to reduce the number of vehicles sold to maintain high level of exclusivity and thus increasing their value over time. The idea worked brilliantly fo...