CCI slaps Rs 17 crore penalty on Japan’s JTEKT for “cartelisation”

The Competition Commission of India (CCI) has in its latest order imposed a penalty of Rs 17.07 crore (Rs 17,07,31,443/-) on Japan based JTEKT/ JSAI , manufacturers of power steering for automobile manufacturers In ...

Varroc to acquire 74% stake in CarIQ, a leading Telematics solution provider

Varroc Engineering Limited, a global Tier 1 auto component manufacturer, has agreed to acquire 74% stake in the Pune-based CarIQ Technologies, a leading integrated connected vehicle solution provider to OEMs, fleet ...

July 2019 sales of passenger vehicles slump -31pc, 2W -17pc, CVs -26pc, 3W -8pc

For the ninth consecutive month, domestic sales of vehicles in India continued with its free fall as passenger vehicles July 2019 sales recorded a minus 30.98pc slump at 200790 units as compared to 290931 units in J...

Hyundai rolls out first Grand i10 Nios from plant

Hyundai Motor India has rolled out the third generation Grand i10, the Nios. The first Grand i10 Nios rolled out from the company’s factory in south India comes with a lot of new features and space.

Continental to shift focus on electric mobility

Due to the rapid change in the mobility landscape, Continental is putting more focus on the electric future of mobility. To keep pace with the change, Continental’s Powertrain division will be renamed as Vitesco Tec...

Sennheiser enters automotive sector with Ambeo

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,...

First Kia Seltos rolls out of Anantapur plant

Kia Motors India has rolled out the production version of its first car for India, the Seltos, manufactured at its state-of-the-art facility in Anantapur, Andhra Pradesh. The first Kia Seltos was rolled off the asse...

Revolt Intellicorp rolls out first RV 400 electric motorcycle from Manesar Plant

The much-awaited Revolt RV 400 – India’s first AI-enabled motorcycle has been rolled out from Revolt Intellicorp’s Manesar plant. The motorcycle has been developed after two years of intensive research to localise i...

STMicroelectronics releases AIS2DW12 accelerometer for PKE fobs

Europe’s leading semiconductor manufacturer, STMicroelectronics has released the AIS2DW12 automotive accelerometer which makes Passive Keyless Entry (PKE) radio fobs tough enough to survive the inevitable drops and ...

Toyota Kirloskar domestic sells at 10424 in July 2019; -24pc fall in sales

Toyota Kirloskar Motor sold a total of 10423 units in the domestic market in July 2019 as against 13677 units in July 2018. This meant a degrowth of 24 per cent. The company exported 868 units of the Etios series in...




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