JSW Steel said it will increase the manufacturing capacity of its Vijayanagar Works plant to 13 millions tons per year from 12 MTPA by March 2020 at a cost of Rs 7,500 crore. The plant is claimed as the largest state-of-the-art single location steel manufacturing unit in India. Located 380 kilometres from Karnataka’s capital city, […]
Automobile wheel maker Steel Strips Wheels Ltd said it has got an order worth about Rs 2.9 cr to supply 9,500 truck wheels to the US. It said the order is from from a US-Truck & Trailer Aftermarket player. The products will supplied out of the company’s Chennai plant and will be shipped this month. […]
Mahindra & Mahindra reported flat utility vehicle sales in May despite unveiling the new XUV500, indicating that the success of competitors like Maruti Suzuki’s Brezza may be eating into M&M’s market share. Total UV sales remained flat in May at 19,295 units compared to 19,331 last year. In comparison, UV sales had jumped 11% to 20,371 […]
Maruti Suzuki reported one of its strongest auto sales performances in recent months for May, with total passenger vehicle sales up 24% at 1.615 lakh. Total vehicle sales in May were up 26% at 1.725 lakh, compared to a rise of 14% reported for April. The growth continued to be driven by the ‘compact’ category, […]
Bajaj Auto posted a strong increase in auto sales for May, following on from a similar performance in April. Total auto sales for May were up 30% at 4.07 lakh unit versus 3.14 lakh last year, while motorcycle sales were up 24% at 3.43 lakh versus 2.77 lakh. Domestic sales of motorcycles were up 23% […]
India’s largest carmaker Maruti Suzuki unveiled a new look for Vitara Brezza, one of the most successful cars in its history. The company also announced that it is selling around 12,300 units per month, making it the most popular SUV in India. “The exterior and interior features have been given a makeover, enhancing the bold […]
Tata Motors reported monthly sales of 53,511 vehicles in April, up compared to 28,844 vehicles in the same month last year, but down from 69,440 in the previous month of March. Last year, April had seen confusion with regard to the Supreme Court ruling on BSIII to BSIV transition, which had kept the sales in […]
Mahindra & Mahindra launched two high-power tractors under its Novo brand. The 65 horsepower variant with two-wheel drive has a starting price of Rs 9.99, while the 75 HP variant with four-wheel drive costs Rs.12.5 lakh. Currently most of the tractors available in India are in the 30-40 horsepower range. Like most tractors sold in […]
Hero MotoCorp has launched online shop for consumers to buy genuine parts and accessories for their Hero scooters and motorbikes. The portal, www.hgpmart.com, will be run by the company directly. However, it will tap close to 100 distributors in a ‘hub and spoke’ model for fulfillment. Consumers can buy any part by following a step-by-step […]
Bajaj Auto has launched a new twin-brake variant of Pulsar 150, arguably the highest-selling ‘sports motorcycle’ in the country. Much of the emphasis is in a sharper and sportier styling, along with the twin disc brake option. This will be in addition to the existing single disc variant and will be priced at ₹78,016, ex […]
Mahindra & Mahindra Ltd launched the 2018 version of its high-end utility vehicle, the XUV500, with improved interiors and an engine that is about 10% more powerful than the outgoing variant. The XUV500 2018 comes with an mHawk engine that delivers 155 BHP (114 kW) of power, compared to 140 BHP on the outgoing version. […]
Maruti Suzuki India said it has become the No.1 utility vehicle brand in India, overtaking long-time incumbent Mahindra & Mahindra in the financial year ended March 2018. The company said it had a 27.5% market share in the UV/SUV space in the year. Riding on the success of models like Vitara Brezza, Ertiga and S-Cross, […]
Mahindra & Mahindra, India’s largest SUV maker, said it will launch a high-end electric car brand in Europe, with the first model out in 2020. The company will leverage the design talent of Pininfarina, an Italian design car designer it purchased three years ago. The new brand will be called Automobili Pininfarina. “The company will […]
Japan’s Suzuki Motor Corp said it has started exporting vehicles from its recently established 100% Indian unit Suzuki Motor Gujarat Pvt Ltd. The first model to be shipped was the new Swift, destined for the South African market, the company said. “This is the first time an SMG model is being exported,” the company said. […]
UK’s largest automaker and a unit of Tata Motors, Jaguar Land Rover, reported a 7.8% dip in its March retail sales due to weakness in its home market. Much of the damage came from Jaguar sales, which were down 12.7% at 24,300, while Land Rover sales declined by 5.7% to 59,432. “UK industry sales were […]
Royal Enfield, which makes the iconic ‘Bullet’ retro motorbikes in India, said it will invest Rs 800 cr this financial year to create the second phase of its factory at its Vallam Vadagal site near Chennai. The company, whose products cost upwards of Rs 1.15 lakh, has seen sales of its motorbikes rise rapidly in […]
Hero MotoCorp said it sold 7.3 lakh motorcycles in March 2017, marking the highest number of monthly sales in its history. The strong performance also helped Hero MotoCorp make another record for the highest ever number of motorcycles sold in a year. The company sold 7.59 million (76 lakh) motorcycles and scooters in a financial […]
Power generation company JSW Energy Ltd said it has appointed auto industry veteran Sergio Luiz Pegoraro Rocha of Brazil to head its upcoming electric vehicle unit. In his previous stint, he was President, CEO and Chairman of GM Korea (General Motors, Korea), Uzbekistan and Vietnam operations based out of Seoul, South Korea. The power company […]
Mahindra Group and Ford Motor Company will jointly develop new SUVs, and a small electric vehicle as part of several initiatives announced today between the two companies. The two companies signed five new memoranda of understanding (MoU) that they said will further strengthen their strategic alliance and accelerate the development of key products for consumers […]
Textile and garments maker Arvind Ltd said it set up a joint venture with global auto-seat specialist Adient to manufacture automotive seat fabrics in India. Adient Arvind Automotive Fabrics will be based in Ahmedabad, India, and will supply materials both to Indian and foreign customers of Adient. “The joint venture will benefit from synergies between […]
