The all-cash deal is expected to close in the March 2016 quarter.
Here are the four most eye-catching offers from some of the most prominent brands.
Ford to launch new compact car Figo Aspire in India
IT spending by the manufacturing sector in the country is expected to grow at 14.5 per cent to touch USD 8.78 billion by 2016, driven by segments including automotive, chemicals and consumer products, research firm IDC said.
China's annual automotive event, Auto China 2012, saw a record numbervisitors.
Glass company Asahi India Glass Ltd on Friday said it would invest Rs 50 crore (Rs 500 million) in setting up a plant to manufacture automotive safety glass in Chennai.
However, the group, which had earlier planned to invest Rs 2,000 crore (Rs 20 billion) for expanding operations, is still putting that on hold as the VAT refund issue with the Maharashtra government remains unresolved.
Tata Motors is stripped off India's most valuable company tag.
Starting as a maker of hydraulic pumps, the Bengaluru-based company graduated to components for automakers like BMW and Audi, and then Airbus and Boeing
The increase in excise duty will have minimal impact on supplies to other user industries, as it is cenvatable. Where the industry supplies to the replacement sector without providing the break up of the product and the excise duty, impact will be felt. So, the players have to hike prices in respect of the supplies to replacement market.
CarDekho.com - the winner of best and most popular Indian automotive website of the year 2012 has announced the first edition of its awards.
The company has purchased 43 per cent stake from its Chinese partner Shanghai Automotive Industry Corporation Group for an undisclosed sum.
Fisker Automotive is an American car company, founded in 2007.
Sundaram Fasteners Ltd, India's largest maker of nuts and bolts, said on Wednesday it will begin commercial production in April 2004 from a new plant it is setting up in China.
Built by Mumbai-based designer Dilip Chhabria, the prototype of the 'AMV8 Vantage Concept' car was unveiled at a glittering show on Monday.
Barely a month after breaking covers, the models -- the Jawa, the Jawa 42 and the Perak -- were sold out, reports Shally Seth Mohile.
We bring you a list of the top 10 cars that scored the best in the month of November 2012.
Utility vehicles maker, Mahindra and Mahindra (M&M), is considering reinstating the entire staff laid off by South Korean sports utility vehicle (SUV) manufacturer Ssangyong Motor Co in the next two to three years, according to M&M president (automotive and farm equipment sectors) Pawan Goenka.
JLR, the maker of Jaguar F-Type and Range Rover Evoque, was a jewel in the crown of Tata Motors till two years back. But, it has been struggling because of the pending Brexit, a sharp contraction in sales in China, a shift in consumer preference from diesel to gasoline in Europe, higher taxes on diesel vehicles, and tightening regulations.
Concepts cars placed at the heart of imagination and reality, play significant roles in automotive shows for automakers and visitors.
The electric vehicle will be a part of Michelin Challenge Design display at the event.
Tata-owned Jaguar Land Rover plans to generate 4,500 manufacturing and engineering jobs in London over next five years, JLR executive director Mike Wright has said.
MSI had around 3,300 workers at the Manesar plant before the July 18 violence, in which one executive was killed and 100 injured.
Be it the name, the design and communication campaign and the engagement processes being imagined between the brand and its buyers, the company is casting its cars in a new mould, reports T E Narasimhan.
'Localisation saves a lot of time and cost for them. Keeping an eye on a long-term market, this is the best way these car-makers can build momentum for their brands.'
