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.
The transaction - the second one in less than a year - is seen as an effort to restore investor faith in the company following a dismal performance by its UK subsidiary, Jaguar Land Rover Automotive.
'We will continue to refine our operating model to drive more simplicity and nimbleness.'
The department for promotion of industry and internal trade (DPIIT) has suggested to the home ministry to allow limited activity in certain sectors such as heavy electricals and telecom equipment with reasonable safeguards. In a letter to Home Secretary Ajay Kumar Bhalla, the department said that these activities are essential to improve the economic situation and provide liquidity in the hands of the people.
The project has already entered the design stage, and the company has asked its part suppliers for initial cost estimates.
The auto ancillary industry - one of the worst hit due to the labour exodus - will need at least three months to get its factories up and running.
Passenger vehicle wholesales in India increased by 17 per cent in the second quarter of the current fiscal year as buying sentiment improved and companies stocked up to cater to enhanced demand in the festive season, auto industry body SIAM said on Friday. According to the latest data by the Society of Indian Automobile Manufacturers (SIAM), passenger vehicles sales in the July-September quarter increased to 726,232 units from 620,620 units in the same period last year. Similarly, two-wheeler sales during the September quarter this fiscal rose marginally to 46,90,565 units as compared with 46,82,571 units in the same period last fiscal. However, commercial vehicles sales saw a dip of 20.13 per cent at 133,524 units in the quarter under review as compared with 167,173 units in July-September 2019.
To be able to tide over the current crisis, automobile manufacturers have waged a war against all cost heads.
Haley, who is planning to take a trade delegation to India in November also talked about the possible partnerships between South Carolina and India.
Scooters, once the fastest growing sub-segment, also declined for the second consecutive month in September.
Auto companies are looking to increase prices of their models mainly to offset higher input and operational costs.
In an announcement sent to the Bombay Stock Exchange, Musco said that due to the on-going economic slow down in the steel as well as automotive industry, and taking into account the slowdown in demand for the company's product, it has been decided to align the company's production plan with the expected demand.
Says the automobile sector would grow double digit in Asia's third largest economy after financial year 2017-18.
Michael Schumacher has reportedly not shown any signs of recovery as various International publications are repeating alarming news about the health of Formula One legend.
Leading automakers Maruti Suzuki, Hyundai and Tata Motors on Thursday reported robust sales in March as a shift towards personal mobility and pent up demand continued to help companies push dispatches to their respective retail partners. Toyota Kirloskar Motor, Honda Cars and Mahindra and Mahindra (M&M) also reported strong sales last month as compared to the year-ago period, when dispatches were adversely impacted due to the impending transition to BSVI from April 2020 and the nationwide lockdown to contain the coronavirus pandemic. The country's largest carmaker Maruti Suzuki India said its domestic sales stood at 1,49,518 units last month. The auto major had reported sales of 76,976 units in March 2020.
"I am visualising a "Virtual Collaborative GRID for Aerospace and Automotive Research and development" to enable design (become) reality -- a product life cycle management framework that will enable India realise its vision for the manufacturing sector and become competitive in the defence and the commercial market of aerospace and automotive sector," Kalam said in Chennai.
General Motors' Tavera recall prompts Union government to formulate a stricter policy.
Around 8 out of every 10 cars manufactured in the UK is now exported, bound for one of 160 markets worldwide
'If you want Aatma Nirbhar, your policies should favour self-reliance, but your policies do not help the idea.' 'How are we going to be self-reliant if you make things difficult for us?'
Mudar Patherya lists companies whose shares can bring on Xmas cheer for investors.
Companies also said confidence was yet to return among buyers, with many holding back their decision to buy cars.
Expanding its presence in the automotive sector, the world's biggest steel maker ArcelorMittal has reached a preliminary agreement to acquire French major Vallourec's two steel tube-making units for an undisclosed sum.
Though the government has been pushing for exports of high-value manufactured goods across major markets in place of raw materials and input goods, India's top exports to China remain in the raw materials category.
High performance supercar will be assembled in Caparo's upcoming Chennai plant, small car in two years.
You'd love to take these pocket-friendly automatics for a spin
Making a debut in India with an SUV, Citroen's products in the next couple of years will clearly chart and define its destiny in what has become both a vibrant but also a daunting market for foreign entrants, says Pavan Lall.
Pandemic-hit auto majors are likely to set aside these time-tested strategies for now, and, instead, focus on attractive finance schemes and an enhanced digital experience.
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.
'Valuations were depressed at 8,000 (Nifty 50 index) levels. It was a free ride to 12,000 levels.' 'What went down had to come up. Now fundamentals have to support further gains.'
Logix, a company dealing in automative e-retailing solutions, is negotiating the acquisition of a US firm.
Several carmakers, including car market leader Maruti Suzuki India pulled the plug on diesel models citing higher costs for BSVI variants leaving buyers with limited options.
The company announced on July 11 that it would stop production at its automotive plants for a period ranging from 1 to 8 days during the remaining period of the month.
If you think the XL6 is a brand new, from-the-ground-up car, you have another think coming, says Pablo Chatterji.
The company said if the bookings kept pouring, it would have to plan a second work shift at its Noida plant to meet the demand.
With Mitsubishi pulling the plug on it the days of the Pajero maybe over, but nobody who ever owned one will forget it. Some even learnt life-long lessons from it, says Pavan Lall.
FDI inflows into India were $34 billion in 2014, up 22%.
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 company, which has opened an exclusive showroom in Gurgaon, plans to open more showrooms in metros and mini metros in the coming months, the company said in a statement.
The research firm ranked small car Chevrolet Spark as the leader in terms of quality in the compact car segment with a score of 127, mid-size sedan Chevrolet Aveo topped the midsize segment with a score of 109 while Chevrolet Optra (97) was ranked highest in the premium midsize segment, GM India said in a statement.
India and China will be among the top five destinations for merger and acquisition activities across diverse sector over the coming year, according to a report by global consultancy Ernst & Young.
