Japanese car maker Mitsubishi Motors Corporation has decided to manufacture its sports utility vehicle Outlander in India, through its Indian joint venture with Hindustan Motors, a C K Birla Group company. The Indian JV currently manufactures the Lancer range of sedans, sells Montero, a premium segment sedan, and imports completely built SUV Pajero. The company had earlier considered the option of importing Outlander as a fully-built unit for the Indian market.
Sun Network has shifted its regional news depts to respective state capitals and is also planning to shift its HQ, following a fallout with DMK party.
Firms like Global Adjustments are offering support services to foreign executives in India.
Two wheeler sales dropped in the past quarter as leading banks put two wheeler finance under high risk category.
The rapidly growing luxury car segment (at a price range upwards of Rs 25 lakh) in India has seen young affluent customers buying vehicles on the back of a rise in disposable incomes, changing lifestyles and a shift in decision-making from elders to youngsters.
Leading banks have raised the down payment for two wheelers to 30% and put them in high risk category. This move has dire consequences on two wheeler makers.
The two-year old alliance between Fiat and Tata Motors has done little to improve the former's domestic sales.
In a little over a year, Mahindra & Mahindra's (M&M) all-Indian utility vehicle, Scorpio, will enter the quality-conscious US market, which is also the largest in the world with 15 million vehicles in annual sales. The company already has firm orders for 45,000 units of Scorpio for the first year, which is more than the 40,000 it sold in India in the last financial year.
Ever since the Chinese-owned Apache SEZ went into full-scale production exactly a year ago, a lot has improved for Tada and its 100,000-plus inhabitants.
In the seven months between April and October this year, the Chevy Spark has managed to sell less than 12,000 units, or an average of 1,700 units a month, while its peers Alto and WagonR (Maruti Suzuki) , Indica (Tata Motors) and Santro (Hyundai) have had average monthly sales of 10,000-18,000 units.
The Tamil Nadu government is proposing a nanotechnology park, similar to the highly successful Hsinchu Science Park in Taiwan. The park, likely to come up near Chennai, will focus on hi-tech manufacturing in semiconductor foundries, chip assembly and testing, optoelectronics, solar cell technologies and nanotechnology.
Renault waited 14 years after India's automotive sector was opened up to foreign investment to enter the country, about a decade behind General Motors, Ford and Daewoo. However, once in, Ghosn has moved quickly to sew up six ventures in India in a mere 33 months.
The fact that Ratan Tata is lurking around the corner with his Rs 1 lakh car will not make Nakanishi's job any easier, or less public.
The airport's owner, the Sri Sathya Sai Central Trust, which manages the religious and philanthropic assets and work of Sri Sathya Sai Baba, has invited bids for it and put the floor price at Rs 600 crore. One big attraction of this airport is that it is only 70 km from the Bangalore International Airport, coming up in Devanahalli. The vantage location will allow airlines to feed the southern sector, which currently has 30 major and minor airports.
A clutch of innovators, entrepreneurs and researchers are heralding a revolution that combines the academic and the real world within the IIT Madras campus.
The $1.5 billion UK-based Caparo group, specialising in the manufacture and supply of engineering and steel products, is planning to set up an aerospace component park in Tamil Nadu. The park will involve an investment of about Rs 300 crore (Rs 3 billion) and offer a range of component solutions to the aerospace industry.
Market sources say the new model will be called Atos, the name under which Santro was sold in some parts of Europe. Codenamed Pa, it has been tested by the company on the Chennai-Bangalore route. The company said the new car may be priced between Santro, which costs Rs 2.70-4.74 lakh (ex-showroom, New Delhi) and Getz (Rs 4.90-5.25 lakh).
The $300-million GiantPlus is a leading Taiwanese firm engaged in developing, manufacturing and selling LCD panels and modules focusing on small- and mid-sized applications such as mobile phones, consumer products and entertainment equipment.
The fight between TVS and Bajaj might remain out of court, but TVS Motor's stand spoke of the company's resolve infused by its chairman Venu Srinivasan.
CLE, the implementing agency for the park, is in the process of creating the common facilities in the park.
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