The Customs Commissionerate (Preventive), Kochi, has seized multiple SUVs and arrested a used luxury car showroom owner as part of 'Operation Numkhor', an ongoing investigation into the smuggling of luxury vehicles from Nepal and Bhutan.
Two Japanese auto giants, Honda and Nissan, are moving towards a potential merger, but it remains unclear how their Indian operations will be immediately impacted.
Nissan Motor Company Ltd on Thursday announced the operations of its wholly-owned subsidiary, Nissan Motor India Pvt Ltd, from Mumbai
As per the agreement, Nissan Motor India 'can enjoy concessions in the wharfage up to 60,000 units per annum.'
JSW MG Motor India will launch four new models this year, and is planning to invest between 3,000 crore-4,000 crore in the country over the next couple of years. The new models include a plug-in hybrid, an electric vehicle, the Majestor SUV and one additional model yet to be disclosed.
The LPG squeeze on India's restaurant sector is the quotidian face of a deeper crisis.
French auto major Renault on Monday said it will buy out its Japanese partner Nissan's stake in their Indian joint venture -- Renault Nissan Automotive India Private Ltd. Renault Group would own 100 per cent of Renault Nissan Automotive India Private Ltd (RNAIPL), by acquiring the 51 per cent shareholding currently held by Nissan, the company said in a statement.
Japanese auto major Nissan on Wednesday said it is discontinuing Datsun brand in India, nine years after the company kicked off the marque's global relaunch in the country. Having failed in its ambitious global relaunch of Datsun, Nissan had in 2020 discontinued the brand in Russia and Indonesia, the other two countries along with South Africa and India which were marked as key markets targeting the entry level car segment. Confirming the move to discontinue the Datsun brand, Nissan India in a statement said, "Production of Datsun redi-GO has ceased at the Chennai plant (Renault Nissan Automotive India Private Ltd). "Sales of the model still continue (till the stock lasts)."
Nissan had relaunched the Datsun brand, its third global brand, along side Nissan and Infiniti, in March 2012.
Japanese auto major Nissan has roped in Bollywood actor John Abraham as brand ambassador for its standout models to be launched in India including sportscar GT-R and Hybrid SUV X-Trail.
Top carmakers led by Maruti Suzuki, Mahindra & Mahindra, Tata Motors Passenger Vehicles and Kia India on Saturday reported record sales in the domestic market riding on festive demand boosted by GST rate cut. Other manufacturers such as Skoda Auto India and Toyota Kirloskar Motor also posted impressive growth in sales in October.
Only 450 units of the anniversary edition would be sold across the country.
Global energy giant Shell has acquired Mumbai-based Raj Petro Specialities to deepen its foothold in the world's third biggest lubricants market in the world, a top company official said. Shell, which has already invested over $5 billion in India across the energy value chain -- from LNG import terminals and fuel stations to renewable energy and technology centres -- has acquired 100 per cent equity interest in Raj Petro Specialities Pvt Ltd from Germany's Brenntag Group.
Nissan is confident that the new offering will make its customers feel special
The Renault-Nissan alliance aims to have a 10 per cent share in the Indian passenger vehicles market
Retail rates of the fuel will now reflect international movement in oil prices.
It was only an exterior launch, not the actual car, but what he saw left Rediff.com's Rajesh Karkera hugely impressed.
The company's Datsun Go and Go+ ply in the same category.
France-based automobile manufacturer Renault and Japan-headquartered Nissan on Monday committed investments of $600 million (around Rs 5,300 crore) in the country 15 years after foraying into the Tamil Nadu automobile industry. The fresh round of investments would witness roll out of six new models between the two companies including -- two electric vehicles -- representing the two global brands, Nissan Global chief operating officer and Member, Alliance Board Ashwani Gupta said in Chennai.
Of the 15 car manufacturing companies in India, eight have a market share of below 2 per cent, raising questions about their long-term future in a competitive market that has already seen Ford Motors and General Motors slam the door on India.
Nissan and Renault say they will compete with new models, especially small cars, and by growing their dealer network.
The joint venture of Ashok Leyland and Nissan for manufacturing light commercial vehicles would become operational during the current financial year, executive vice-chairman of Hinduja Group India Subir Raha said.
Renault-Nissan Automotive India Private Ltd (RNAIPL) on Wednesday appointed Kou Kimura as chief executive officer and managing director for its Chennai manufacturing facility with effect from April 1.
Nissan Motor Company, the renowned global passenger car maker, has been outstanding at the domestic front ever since its arrival.
For the first time, the event will take place across three locations in Delhi: Bharat Mandapam at Pragati Maidan, Yashobhoomi Convention Centre at Dwarka, and India Expo Mart at Greater Noida.
Japanese car major Nissan on Tuesday said will hike the prices of its vehicles, including hatchback Micra and sports utility vehicle Terrano in India, by up to 4 per cent from next month in order to offset the impact of rupee depreciation and escalating input costs.
The Renault-Nissan alliance currently employs around 8,000 workers at its Chennai plant
Japanese auto maker Nissan on Wednesday said it will source auto components worth $40 million (around Rs 185 crore) from India by 2012.
The company would import $10 million (Rs 45 crore) of components in 2010 from Indian vendors. It is set to increase this to $40 million by the end of 2012, a top company official said.
Tamil Nadu -- often dubbed as India's own Detroit due to its thriving automobile manufacturing ecosystem -- is in no mood to miss the EV bus either. Recent developments attest to it. Vietnamese electric vehicle (EV) maker VinFast has promised a $2 billion plant in the southern state. And as promised earlier, the work on Tata Motors-JLR plant will kick off next week, on September 28, after the foundation stone laying ceremony.
There is another common trend among these three players - they are all registering a volume decline in a market that is expanding at over 8 per cent
Nissan Motor Company, the Japanese automobile giant, has entered the Indian market with its first offering, the Nissan X-Trail. The SUV has been priced between Rs 19.80 lakh.
As part of its plans to have a 10 per cent share in the domestic automobile market, Japanese auto giant Nissan said it would introduce an automatic transmission variant of its flagship hatchback 'Micra' and mid-sedan 'Sunny' soon in India.
Hyundai Motor and Toyota Kirloskar Motor have announced the suspension of manufacturing operations at their respective plants amid coronavirus outbreak. On Sunday, various automakers like Maruti Suzuki India, Honda Cars, Mahindra & Mahindra and Fiat announced a temporary halt in manufacturing operations at their respective facilities.
In its first official engagement with the Indian government, Elon Musk-led Tesla and other global automotive (auto) manufacturers sought clarification on the new electric vehicle (EV) policy, specifically regarding investment guidelines and the timeline for the domestic value addition (DVA) requirement. Officials who attended the meeting told Business Standard that the original equipment manufacturers (OEMs) tried to understand whether the complete investment would be made within three or five years and the duration they would have to achieve the 50 per cent DVA. "The consultation meeting was convened to address queries from auto OEMs.
'I think some of us, like Mukesh Ambani, myself and those of us who head industrial units, ought to really focus on what we can really do to make the world a safer place, maybe 50 or 100 years from now.' 'For instance, how can we deal with climate change and global warming, right now?' 'The effects of it may not be felt now; in fact, we may pay a price for it today, but it will help the generations to follow.'
Tata Group on Wednesday announced an investment of 4 billion pounds (about Rs 42,500 crore) in setting up a flagship factory to make batteries for Jaguar Land Rover as well as other manufacturers. Tata Sons, owner of JLR, chose Bridgwater in Somerset in southwest England for the gigafactory over a rival location in Spain. The gigafactory, at 40GWh, will be one of the largest in Europe and Tata's first outside of India, the conglomerate said in a statement.
Auto majors, including Maruti Suzuki India, Hyundai and Tata Motors, on Sunday reported high double-digit growth in their domestic passenger vehicle sales in July riding on stabilisation of macro-economic factors and better consumer sentiments. Similarly, Honda, Nissan, MG Motor and Skoda also reported healthy growth in their sales last month leveraging on improved market mood amid prevailing lower coronavirus infection rate, despite supply constraints of semi-conductors. The country's largest carmaker Maruti Suzuki India's (MSI) domestic sales increased by 39 per cent to 1,41,238 units last month as against 1,01,307 units in July 2020, the company said in a statement.
During September, Maruti said it dispatched 1,375 units of the soon-to-be-launched sedan Ciaz.
Maruti's sales of the compact segment comprising Swift, Estilo, Ritz, Dzire and Baleno went up by 9.9% to 45,579 units
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