Auto major Fiat Chrysler Automobiles (FCA) on Wednesday said it will invest $150 million (around Rs 1,103 crore) to set up a global digital hub in Hyderabad to help the group develop new technologies to cater to its automotive operations across the globe. The facility, which is FCA's largest digital hub outside of North America, would create nearly 1,000 jobs by the end of next year.
Fiat Chrysler will be shipping its first India made product - the Compass SUV - to right hand drive markets like UK, Japan, Australia and South Africa in the next few months.
The April-June quarter of 2018 happens to be the weakest for the Jeep since the launch, making it evident that it is not easy for a carmaker to sustain growth with a single product.
The company unveiled premium sedan Avventura and high-performance Abarth 500
FCA has alleged that the Roxor, which M&M imports in the US from India as knocked-down kits, was "a nearly identical copy of the iconic Jeep design", adding that the product was modelled after the original Willys Jeep.
The company will also bring global products such as Abarth.
The two new products are part of the company's revival strategy plans in India where it has been struggling to win consumers.
In India, car companies measure wholesale as sales.
The luxury SUVs will compete against models of Mercedes-Benz, BMW, Audi, Volvo, Porsche and Land Rover
The state transport department recently announced to give permit to 3,000 new taxis.
The top six auto brands are: Maruti Suzuki, Hyundai, Tata Motors, Toyota, Kia and Mahindra & Mahindra.
20 CEOs are from the companies based in US.
The prices will be announced by mid-2016 during the official launch.
French carmaker Citroen will launch its C3 Aircross Sport Utility Vehicle (SUV) in India by October, and is betting big on exports from India to markets like South Africa, ASEAN (Association of Southeast Asian Nations) and Nepal, a top company executive told Business Standard. Citroen, which sold 6,000 units through Citron C3 and C5 Aircross SUV, is likely to double its sales during the current year, as it has already sold 6,000 units of Citron C3 and eC3 electric vehicles during the first six months. "We are going to start bookings for the C3 Aircross SUV in September and launch it in October. Price will be at the heart of the midsize SUV market," said Saurabh Vatsa, Citroen India branch head.
It's like Fiat India has just added a supercharger to its India strategy, after a long lull. The Italian carmaker plans to introduce nine products by 2016 in India. And it includes models from Jeep and rally car brand Abarth.
Maserati, whose logo is modelled on the trident in the statue of Neptune in Bologna's Piazza Maggiore, was acquired by the Fiat Group in 2005.
Mahindra & Mahindra on Friday said a judge of the US International Trade Commission has found that its off-road vehicle Roxor violated Fiat Chrysler Automobile's (FCA) Jeep 'trade dress' and recommended an exclusion order prohibiting import and sale of any already imported parts of the vehicle.
Car deliveries during the nine-day period saw sharp year-on-year (double-digit increase for most automobile companies.
GM has invested $1 billion in the country since 1996.
Suzuki Motor Corp's 85-year-old CEO Osamu Suzuki named his eldest son as the new president of Japan's fourth-biggest automaker, easing investor concerns over the firm's succession plan and boosting the company's shares by more than 5 percent.
'More than one brand in a showroom is too risky because customer loyalty in this market is low. Most people don't drive different cars made by the same manufacturer for a lifetime, they experiment.'
Apart from a pavilion of vintage cars, there will be a Bollywood corner
Luca di Montezemolo's resignation as Ferrari chairman on Wednesday severs an historic link with the company's late founder Enzo and marks the end of an era for Formula One's most successful and glamorous team.
Ford Mustang, Jeep Grand Cherokee and Wrangler, and Nissan GT-R will soon be in India.
The iconic brand is considering petrol powertrains for its entire Indian portfolio, which includes the Jeep Compass, Meridian, Grand Cherokee and Wrangler.
Jeep Grand Cherokee SRT: The sophisticated SUV
Earlier in May, Ford India announced that it had dropped its plans to make electric vehicles (EVs) in India, which it intended to export, under the production-linked incentive scheme (PLI). Ford was among 20 companies that had signed a Champion OEM Incentive Scheme under the PLI project with the government in February this year. The decision comes as a blow for the 4,000-odd employees at Ford India's Maraimalai Nagar plant near Chennai and in Sanand, Gujarat. In September last year, the company had announced that it would exit the India market, which it had entered in 1995 through an on-again, off-again joint venture with Mahindra & Mahindra (they split in 1998, signed a JV in 2019 and split again in December 2020), retailing petrol and diesel brands such as the EcoSport, Figo, Aspire, and Endeavour.
Spending at restaurants and bars grew more than 8 per cent compared to the year before.
A single application and a plethora of services for passenger cars - that is what myTVS, a brand that operates under Ki Mobility Solutions and is part of the TVS family, is set to bring to customers, in a bid to disrupt the concept of "super apps" in India. Starting July 15, myTVS will launch its connected car platform or super app called myTVS Life360 for aftermarket passenger cars. Through it, customers will be able to avail themselves of a range of services like maintenance, diagnostics, roadside assistance, accessories, payments, insurance, and so on.
Bollywood has always had a special fascination with wheels, be in motorcycles or cars. So it was no wonder that a special enclave was created at the ongoing Auto Expo 2016 in Greater Noida to tip the hat to the iconic films where the automobile played a critical part.
A record number of 85 products will be launched.
Pad was a moniker for the Premier Padmini, which became the jewel in the crown of the Mumbai-based Walchand Hirachand Group.
Over 22 passenger and commercial vehicle makers and 18 two- and three-wheeler makers will take part amid proximate security.
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