Tata Motors joins RE100 renewable energy group

Tata Motors Limited, India’s largest automobile manufacturer, has become the second Indian company to join RE100 – a global initiative of the world’s most influential companies committed to 100% renewable power. The company, which manufactures a range of commercial and passenger vehicles as well as defence and homeland security vehicles, has set itself the goal […]

Mahindra Finance gets Mutual Fund license, to focus on rural markets

Mahindra Finance said it has received a license to operate Mutual Funds via its subsidiary Mahindra Asset Management Company. Mahindra Finance is currently engaged in vehicle financing, and is part of the Mahindra Group. It plans to tap into its existing network of dealers and customers to sell its mutual fund products. “Our customer base […]

Royal Enfield production disrupted for 14 days by Chennai floods

Eicher Motors, manufacturer of Royal Enfield bikes, said production at both of its factories in Chennai have been normalized as of Dec 14. Production at the Royal Enfield factories at Thiruvottiyur and Oragadam was suspended on Dec 1 after heavy rains and flooding disrupted operations. The company resumed production of motorcycles on December 7, 2015 […]

Delhi High Court pollution order to affect some models – Mahindra & Mahindra

India’s biggest sports utility vehicle maker said the Delhi High Court’s order banning the sale of diesel vehicles with engine sizes over 2 liter could hit its sales by about 2%. “Honourable Court’s order today affects the sales of some of the Company’s products in NCR. The vehicles affected represent about 2% of the Company’s […]

Volkswagen India recalls 389 Polo cars for brake repair

Volkswagen Passenger Cars in India said it was calling 389 Polo cars from a single batch of production from the month of September 2015 for inspection and preventive repair of the handbrake mechanism. The Quality Assurance department of Volkswagen India has determined that under certain conditions, the handbrake mechanism would lose effectiveness, it said. The […]