Force Motors, known for its shared mobility solutions, is gearing up to expand its presence in global markets and defence segment having consolidated its position in India by narrowing down on focus areas for profitable growth, according to managing director Prasan Firodia.
A deep split has emerged within India's auto industry over the proposed CAFE exemption for small cars, with only Maruti Suzuki and Renault backing the move in the final SIAM vote.
Aerospace major Rolls-Royce has announced its intention to double its supply chain sourcing from India over the next five years. The company plans to increase sourcing of complex parts for advanced aerospace engines, naval propulsion systems, diesel engines, and gas turbine engines to grow its presence and participation in India's defense sector. Rolls-Royce currently sources a wide range of high-precision parts and engine components from Indian partners for its civil aerospace, defense, and power systems businesses. The company highlights India's emergence as a preferred global sourcing hub and emphasizes its commitment to strengthening partnerships with both existing and potential Indian suppliers to develop capabilities for manufacturing complex engine components locally for global markets. Rolls-Royce highlights its established ecosystem of strategic partnerships, skilled talent, engineering and digital capabilities, service delivery, supply chain, and manufacturing in India, along with a history of successful technology transfer for licensed production of various engines in the defense domain. The company believes that strengthening the supply chain and enhancing ecosystem capabilities will pave the way for future co-production opportunities, supporting India's vision of becoming a self-reliant defense powerhouse. Rolls-Royce emphasizes its commitment to serving the needs of India's armed forces and its focus on participating in co-development opportunities for critical combat engine technologies.
In its bid to optimally align the company with the demands of emerging global business opportunities, Force Motors Ltd, formerly known as Bajaj Tempo Ltd, is considering to decentralise its operations and outsource businesses.
Bajaj Tempo Ltd has approved change in the name of the company to 'Force Motors Ltd'.
Force Motors Limited, Pune based leading automobile manufacturer and pioneers in the 3-wheeler segment have announced the launch of Minidor cB
German commercial vehicle manufacturer MAN Nutzfahrzeuge Group plans to set up manufacturing facilities for trucks and buses in joint venture with India's Force Motors Ltd at an estimated investment of euro300 million.
The automobile maker entered the passenger car segment last year with only one model, but failed to impress the market. It is now banking on new launches to boost sales.
The still-unnamed sports utility vehicle (SUV), slated for launch this June, will be in line with its heritage, says Force Motors managing director Prasan Firodia.
Force Motors on Thursday said it will launch a hybrid variant of its commercial vehicle 'Traveller' by the end of 2012 after unveiling to the public at the upcoming Auto Expo next month.
Ahead of the festive season, several passenger and commercial vehicle manufacturers have agreed to offer discounts of 1.5-3 per cent on new vehicle purchase against scrapped old vehicles after a meeting with Union Minister Nitin Gadkari, an official statement said on Tuesday. The statement further said Mercedes Benz India has offered a flat discount of Rs 25,000, which will be over and above all existing discounts. Union Road Transport and Highways (RT&H) Minister Nitin Gadkari on Tuesday chaired a meeting with the SIAM delegation at Bharat Mandapam, where he addressed pressing issues in the automobile industry.
This, my friends, is the ultimate off-road champion, gloats Rajesh Karkera/Rediff.com.
Glimpses from the Bharat Mobility Global Expo in New Delhi.
'Gujarat is the frontrunner at present.'
'However, Tamil Nadu's robust automobile ecosystem and Telangana's aggressive incentives make them strong contenders.'
The Gurkha 2021 is built on a ground-up modular architecture platform with an all-new wider and longer body, full new interiors, a new crash-compliant, high-strength chassis, new coil spring suspension on all four wheels fine-tuned to achieve the right balance and offer the best in class ride quality on multiple surfaces -- tarmac, rough rural roads and off the road, the Pune-based company said.
On Day One of the lockdown announced by the Maharashtra Government, it wasn't business as usual for automobile manufacturing units in the State. Confusion prevailed over regulations-what is allowed and what isn't. While some units ran with less than half the workforce, others sought clarity from the government on what is permissible and what isn't.
Ajit Mishra answers reader queries on the stock market.
At its manufacturing facility in Pithampur (Madhya Pradesh), the company would be establishing a new assembly line for manufacturing the high-end MPV, Force Motors Ltd chief operating officer (Tractor Business) and President (Corporate sales and marketing), Naresh Kumar Rattan said.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
Force Motors marked its entrance into the Passenger Vehicle segment by introducing Force One SUV in August this year.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Bajaj Auto chairman Rahul Bajaj on Tuesday said his company could consider selling its holding in the Firodias-controlled Bajaj Tempo, now rechristened Force Motors.
Adds a bare bones entry level EX and a top-end LX variants. The latter comes with 4-wheel-drive.
An analysis of past 20 years' demand cycles done by Edelweiss Securities indicates that the auto sector is currently in the middle of a down cycle. Volume recovery, they say, is unlikely to be as sharp as in the past, unless there is strong fiscal support.
Force Motor planning to launch a Sports Utility Vehicle in the country.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The rally in most of these stocks is partly attributed to impressive financial performance.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
On name change, Bajaj Tempo CMD Abhay Firodia said, "As per the directive received from the regional director, western region, ministry of company affairs, the company has proposed to change its name to Force Motors Ltd."
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