German auto major Volkswagen AG is embarking on an auto component sourcing drive from India, which will see the company ordering materials worth one billion euro for its global operations, within the next two years.
Saxena, who has been working in Hyundai since 2006, is likely to join Volkswagen's Indian operations, sources said.
General Motors HAS appointed Arvind Saxena, former Managing Director of Volkswagen Passenger Cars India, as the President & Managing Director of its Indian unit.
German carmaker Volkswagen plans to invest Rs 1,500 crore in India over the next 6 years on various activities, including local production of engines, as it aims to consolidate position in the country.
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The success of the auction may not be more than a little step in Pearls Agrotech Corp's recovery process of over a Rs 49,100 crore plus interest
German car maker Volkswagen was the first company to offer airbags on all its variants in India from the beginning of this year.
So far, the current year has not been great for the leading car exporters from India. In the top five list of exporters -- Hyundai, Ford, Maruti Suzuki, General Motors and Volkswagen -- it is only Hyundai which is clocking a growth.
Except for Hyundai i20 Elite, the car gives a tough competition to rivals.
The Polo will be showcased at the Auto Expo in Delhi in January 2010.
The company faces fine of up to $18 billion in the US.
The battle between Volkswagen's Polo and Toyota's Etios may well decide who'll be the world's largest car maker.
Premium car makers which do not produce models locally, but assemble these in India are busy exploring ways to avoid a price rise in the wake of the government's new duty structure.
Volkswagen overtook Toyota as the world's largest carmaker by sales.
Let alone a discount, they might not even get the model, variant or colour of choice in BS-IV-compliant vehicles.
"Nano is like an open canvas for us. We have the option of positioning it on the lines of the (Volkswagen) Beetle or the (BMW) Mini."
American tech billionaire Elon Musk on Saturday said his proposed visit to India has been postponed due to "very heavy Tesla obligations". The electric carmaker Tesla CEO -- who was expected to be in India on April 21 and 22 and scheduled to meet Prime Minister Narendra Modi -- wrote on X that he is looking forward to coming to India later this year.
Competing with the cars from big auto companies, Swift and Swift Dzire have made its way into the top 20.
A study by second-hand car dealer CARS 24 showed 42 per cent of the consumer feel the need for a car to travel safely now. Those who used cabs to commute before the pandemic want to buy a car for the family and a two-wheeler for shorter runs.
The new small car, which will be based on Up!, may come to India in early 2011 and be the fourth car to be assembled by Volkswagen India.
'More than one brand in a showroom is too risky because customer loyalty in this market is low. Most people don't drive different cars made by the same manufacturer for a lifetime, they experiment.'
The cars, some 482,000 Passats, Golfs and Jettas sold in model years 2009 to 2015 in the United States, are peppy and fun to drive, owners say.
The new Volkswagen Ameo 1.0 Petrol does not sport any racy looking set of stickers or a new set of features. The update is actually under the bonnet -- a brand new engine. But does it drastically change anything?
The North American International Auto Show which completes 27 years, showcases the hottest cars from a host of manufacturers.
The yet-to-be-named car, which will be priced in the Hyundai i-10 price bracket, had crossed the feasibility study stage and was in the final stages of design. "Cars below Rs 5 lakh constitute nearly 80 per cent of the total Indian market. India is predominantly a small car market and we have a clear strategy to grow in the Indian market," Thomas Kuehl, member, board of directors (sales and marketing), Skoda India.
BMW sold 9,375 units in India in 2012, topping the list of luxury car makers for the fourth consecutive year.
Five small cars in the Indian market failed in the first-ever independent crash tests.
A look at India's share of the Frankfurt Motor Show pie!
'Gujarat is the frontrunner at present.'
'However, Tamil Nadu's robust automobile ecosystem and Telangana's aggressive incentives make them strong contenders.'
It offers all-round blend of performance, comfort and convenience with excellent build quality.
Industry experts said the scandal could hit VW hard, just as it was emerging from a damaging leadership battle.
The government seems to have come to the rescue of potential car buyers.
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.
Honda, Toyota, Volkswagen stitch plans for country-specific mall car models. With India increasingly becoming the production and sales hub for all major car manufacturers, international giants like Honda, Toyota and Volkswagen are pulling out their drawing boards for an all-new India-specific car model.
Take the rediff business and find out how much you know about cars.
Car deliveries during the nine-day period saw sharp year-on-year (double-digit increase for most automobile companies.
New partnerships, exchange of technology, mergers and acquisitions are paving way for new launches in the world car market.
If you are a fan of Audi cars, then this will surely be good news for you!
Besides opening up the possibility of a policy that allows vintage cars retrofitted with electric batteries to ply on roads, this also gives a clue to how cars older than 15 years that are banned can be valued again by a similar conversion to EVs, says Ritwik Sharma.
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.
