Tata Motors has acquired Ford's British marquees Jaguar and Land Rover for $2.30 billion in an all cash deal, sealing a deal that it pursued for nine months. Under the deal, Tata would continue to source engine from Ford, which would be paying about $600 million toward the pension liabilities of Jaguar-Land Rover employees.
The stock of the country's largest passenger vehicle maker, Maruti Suzuki India (MSIL), has been hitting successive all-time highs over the past three trading sessions. The rally in the scrip has helped it notch over a 21 per cent gain since the start of February, outperforming the National Stock Exchange Nifty Auto Index. The gains for the leader of small passenger cars have been more recent, as the company still trails the Nifty Auto over one- and two-year periods.
General Motors aims to grab at least 5 per cent market share in India within the next decade.
Maruti sold 191 units of SX4 sedan in January 2014.
"The small car will be our new model and it will be rolled out by early 2010," Ford India Executive Director Nigel E Wark told reporters in Kolkata. He said the company is yet to decide on the target segment of the small car, but added that it would not compete with small cars like Nano from Tata Motors' stable.
You reach triple digit speed in a breeze.
If all goes well, Ford India will park its second manufacturing unit right next to Tata Motors' Nano factory at Sanand.
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In the two wheeler segment, TVS Motor Company reported a 24 per cent increase in total sales at 304,795 units in April.
Ford plans on bringing in eight new models to India by 2015.
What worked for Hyundai in India when so many other auto manufacturers have had to eat humble pie? Pavan Lall finds out.
The second generation Ford Figo offers the best of safety, performance, technology and styling, emerging as a complete hatchback.
The new year will see a line of hatchbacks (including compact SUVs) hit the Indian roads. Rajesh Karkera/Rediff.com offers a peek.
The 1,14,000 affected vehicles will be repaired free of charge at GMI's 280 dealers, the company said.
Maruti, Hyundai, Tata Motors, Mahindra & Mahindra and Honda saw their passenger vehicle sales improve in August compared to the same month last year, although Ford and Toyota witnessed a decline.
American auto giant Ford is likely to retain a stake and continue supplying engines and some of the components for Jaguar and Land Rover, even after the sale of the two British luxury brands, media reports said in the United Kingdom.
Thousands of workers of every description -- from journalists to steel workers, from painters to New York cops, from auto to engineering workers -- marched for two hours down 5th Avenue one of Manhattan's most iconic thoroughfares, reports Jyoti Punwani.
'What's sad today is that there are so many people who cannot find work, not because the country is devoid of that opportunity, but because we are not doing enough in the country.'
India has exported passenger vehicles worth $268 million to the US in three months ended June
China's biggest carmaker, which own brands like Maxus, MG, Roewe and Yuejin, plans to invest $1 billion in India manufacturing unit, reports Swaraj Baggonkar from Mumbai.
Sanand has catapulted into the big league of automobile industry hubs.
At Rs 28.19 lakh - Rs 32.97 lakh (ex-showroom India) it delivers excellent value for its combination of road presence, gizmos, safety, off-road capability and driveability.
The Italian stallion emerges as more desirable drive.
The partnership will look to expand Ford's reach in the fast-growing Indian market and improve M&M's access to global markets
Nissan and Renault say they will compete with new models, especially small cars, and by growing their dealer network.
Built on the Ford Figo platform, this car is a lot different because it has got a wider track, a better ride height, new set of 15-inch tyres wrapped around in smart black alloys and a ground clearance of 190 mm, says P Tharyan.
The recall will affect 2,910 units of the sedan version of Sail and 1,090 units of compact car variant of the model.
The car is good enough to dethrone the current segment king, the Toyota Fortuner.
While offering discounts of up to Rs 1 lakh, Hyundai, Ford and Honda are also hiking prices by 1-2% from January, Swaraj Baggonkar/Business Standard reports from Mumbai.
The 2016 Ford Endeavour 2.2 is a beast of a vehicle which though is a bit down on power as compared to its 3.2-litre version but it is a monster in itself nonetheless
Stunning cars from the Mumbai International Motor Show.
India is a market for low-priced cars with low running costs. The global majors don't have models that fit the bill; only Maruti and Hyundai have successful entry-level models, observes T N Ninan.
He says that while 30 per cent of parts must be locally sourced, the supply doesn't yet exist in India to support that
India's Tata Motors could sign a deal with Ford to buy the US carmaker's Jaguar and Land Rover marques as early as next Wednesday or Thursday, people familiar with the deal said on Tuesday.
However, notable absentees from the expo will be Honda, Toyota, Ford, BMW, Audi, Lexus, Volvo and Jaguar Land Rover along with two-wheeler majors Hero MotoCorp, Bajaj Auto and TVS Motor Co.
It is a multi-faceted car which can be enjoyed on the racetrack, for daily use and even on the long highway trips.
Many say Tata Motors has perhaps paid the price for being too ambitious.
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