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Imperial Auto in joint venture with Italian co
Sep 3, 2010
Imperial Auto in joint venture with Italian co
Imperial Auto Industries (IAI) and Allevard Rejna Autosuspensions, a company belonging to Italian group Sogefi, have entered into an alliance to manufacture elastic suspension components for the domestic and overseas automotive companies. Allevard-IA...
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Avtec to invest Rs 135 cr in capacity expansion
Sep 3, 2010
Avtec to invest Rs 135 cr in capacity expansion
Auto engine and transmission component maker, Avtec Ltd, part of the $1.8 billion C K Birla Group, plans to invest up to Rs 135 crore in the current and next fiscal to expand capacity by 35 per cent. It will also invest part of the funds in R&D a...
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Maruti to roll out 1,000 units of Swift special edition
Sep 3, 2010
Maruti to roll out 1,000 units of Swift special edition
After unveiling the anniversary edition Ritz, Maruti Suzuki announced on Thursday the launch of special edition of the popular Swift hatchback. With only 1,000 units being offered, the ‘Swift One Million Edition' is priced at Rs 4.83 lakh.
The...
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Tata Motors to roll out entry-level JLR models to drive up volumes
Sep 2, 2010
Tata Motors to roll out entry-level JLR models to drive up volumes
Jaguar Land Rover (JLR), the luxury car brands owned by Tata Motors, will launch a slew of entry-level cars including a station wagon and a roadster to boost volumes across markets.
The operations of JLR, which Tata Motors bought in 2008 from ...
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Tata Motors to invest $641 mn a year for 3 years
Sep 2, 2010
Tata Motors to invest $641 mn a year for 3 years
Tata Motors, India's leading vehicle maker with about two-thirds of the local market, plans to invest 3,000 crore ($641 million) every year for the next three years, Chairman Ratan Tata said on Wednesday.
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Auto component sector to see 4-fold growth by 2020
Aug 30, 2010
Auto component sector to see 4-fold growth by 2020
The Indian auto component industry expects to grow by over four-fold to $113 billion by 2020 as there have been projections of a similar jump in car manufacturing in the country in the next decade, said Automotive Component Manufacturers’ Associa...
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Automakers to launch new models, spend more in India
Aug 30, 2010
Automakers to launch new models, spend more in India
Global automakers in India are planning to launch new models and boost investment in the country, executives said at a conference, signalling brisk demand in one of the fastest growing car markets in the world. French car maker Renault's Indian unit ...
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Auto component makers to invest in capacity
Aug 30, 2010
Auto component makers to invest in capacity
Though the auto sector has grown by leaps and bounds over the past year, component suppliers had not been able to keep pace. However, at the ACMA's 50 th annual session on Friday, most large suppliers announced addition of fresh capacity and new plan...
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Auto AC maker Subros plans facility in Chennai
Aug 30, 2010
Auto AC maker Subros plans facility in Chennai
Subros Ltd, an automobile air conditioning systems maker, said on Friday that it is looking for a new site to open a plant in Chennai. Expected to be opened this year, the new plant would supply ACs for commercial vehicle manufacturers. Mr Ramesh Sur...
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Lumax Industries to set up 2 plants in 2 years
Aug 30, 2010
Lumax Industries to set up 2 plants in 2 years
Lumax Industries plans to set up two automotive lighting plants in two years, Senior Executive Director Anmol Jain told reporters on Friday. The first plant is being set up at Sanand in Gujarat to supply Tata Motors' Nano car and will become operatio...
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