Chinese automakers Great Wall Motors, FAW Haima Automobile, and Changan Automobile, after dithering about entering India for some years, have been encouraged by the robust sales performance of the late entrants Kia Motors and MG Motors even in a slowing market.
Yuvraj Singh has been coaching the Punjab left-hander for years, grooming him into one of the best batters in T20 cricket.
The MoUs were signed on Monday under the 'Magnetic Maharashtra 2.0', hours before the violent face-off between Indian and Chinese troops in the Galwan Valley in Ladakh, in which 20 Indian Army personnel were martyred.
New participants included Chinese players such as Great Wall Motors and Haima Automobile along with Olectra.
Legal battles initiated by 1,000-odd former employees of the Talegaon plant continue to present a challenge for the acquisition process.
There will be status quo with regard to the MoUs signed with Hengli Engineering, PMI Electro Mobility Solutions JV with Photon and Great Wall Motors on June 15, 2020.
Honk Kong Stock Exchange-listed Great Wall Motor explores sites at Sanand & Halol.
Maharashtra's Labour Minister Dilip Walse-Patil has sought a written submission from the General Motors' (GM) Employees Union and the management of the company detailing its stance on the issue of plant closure. The labour minister asked the warring sides for submission at a hearing on Tuesday. Both sides have been given a week's time to reply.
The move marks the entry of GWM, one of the largest manufacturers of sport utility vehicles (SUVs) and pick-ups, into the Indian market and a complete exit for GM from the country, two years after it stopped selling cars here.
Chinese players form a major part, around 20 per cent of the auto expo this year, despite a slowdown in the Indian automobile sector in the last one year. Over two dozen top officials from various companies were planning to participate in the event, besides a group of journalists.
The number of participating automakers has fallen from 50 in 2018 to 30 this year. The count of exhibitors, including technology companies, has come down from 119 to 112. And showstopper luxury and supercar brands, including Toyota, Jeep, Lamborghini, Porsche, and Volvo will be missing. Similarly, the commercial vehicle makers also gave the show a miss -- a prolonged economic slowdown has dented their fortunes and near chances of any recovery.
After years of giving free passes to counterparts from Korea, Japan, US in the Indian auto market, Chinese automakers had planned a major push to grab the fifth largest car market in the world. But the shutdown of factories and logistics hubs in the country following the outbreak of coronavirus is slowly constricting the business of Chinese auto majors which have recently entered India.
In spite of straddling the market with multiple competitively priced models, GM was pushed to the fringes by the rivals from Japan and Korea.
Both are finding it difficult to sell one each of their plants -- Chennai Maraimalai Nagar (Ford) and Talegaon near Pune (GM) -- and are finding the road blocked by employee severance snarl-ups, report Sohini Das and Shine Jacob.
Owing to the poor market conditions and tepid sentiments, the size of the show has shrunk compared to the last edition, which took place in 2018. A majority of the two-wheeler makers, and several car and commercial vehicle makers, have opted out of this year's show, which opens for the media on Wednesday.
CM makes 'Make in Maharashtra' pitch to China.
Hero MotoCorp, Honda Motorcycles, Scooters India, TVS, Honda India, Toyota Kirloskar Motor, Ford, Nissan, Ashok Leyland are all giving the Auto Expo a miss this time.
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.
China's automobile industry has been the largest in the world in terms of automobile unit production since 2008.
The US has been, historically, a sleeping partner in India-China relations. Today, any attempt by the Modi government to make a bilateral move to improve relations with Beijing could upset Biden's apple cart, notes Ambassador M K Bhadrakumar.
The challenges of transition to stricter emission norm BS-VI from BS-IV and compliance to new safety norms thereby making vehicles costlier are lurking around the sector.
During the six-day-long event, automakers have planned 10 global launches, 26 India specific launches, six concept vehicles, seven facelifts and 21 vehicle unveilings.
Nanpakal Nerathu Mayakkam is a masterpiece, and like most masterpieces of the cinema, it's a great act of folly, observes Sreehari Nair.
Kevin Harvick and NASCAR both celebrated victories on Sunday as the stock car series returned to live racing from a two-month novel coronavirus forced hiatus at an empty Darlington Raceway. While the day unfolded with none of the bells and whistles that have made NASCAR North America's most popular motor sport, on the track the race delivered as promised with plenty of bumper-to-bumper action.
The ceremony will now be hosted by Hugh Grant, the Golden Globe-winning actor, though the organisers had earlier announced that the host will be Sharon Stone.
On a rainsoaked afternoon that saw the race twice stopped and re-started with the safety car deployed five times, there were also those who felt the sport had erred too far on the side of caution.
Ajit Balakrishnan on mapping the Business Serengeti.
A summary of sports events and persons who made news on Saturday
Mukund Rajan, who worked closely with Ratan Tata, recalls the unique experience of working with the corporate titan.
Prime Minister Narendra Modi on Saturday inaugurated a memorial in London dedicated to Dr B R Ambedkar over two months after India acquired the bungalow where the Dalit icon and architect of India's Constitution lived as a student in the 1920s.
Nearly two decades ago, then defence minister George Fernandes said: 'China has built roads up to the border, while there has been negligence on India's part.' Since Fernandes uttered these brave words, what has been done on the Indian side? The Modi Sarkar is apparently trying, but little has been achieved so far, says Claude Arpi.
'You walk out of Mukkabaaz feeling good about yourself, but unlike Kashyap's best pictures, it releases you from the responsibility of seeing yourself in it; the movie is darn clever, most of the way, but it hardly has any wisdom,' says Sreehari Nair.
Like Mr Trump, says Kanika Datta, politics tempts many businessmen.
At Sabarmati Ashram that very hot summer evening, some had come to see and feel the place where Bapu lived. Some had come to be alone on the lawns after a disappointing Class 12 result...
The American university, once the envy of the world, is in crisis, notes Ajit Balakrishnan in his latest column.
Then chief minister Jyoti Basu once told an industrialist that capitalists were class enemies and he should expect no sympathy.
They broke free yet failed to evade the clutches of law.
The following is the full text of US President Donald Trump's first address to a joint session of the Congress on February 28, as prepared for delivery and released by the White House press office.
Markets have witnessed a gap down opening mirroring losses in the global equities with US markets taking a hit on worries about the health of Chinese economy.
They researched their companies well, didn't believe in the market chatter and advise to stay invested for long term.
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