NEWS

For our visitors who seek the latest industry news and updates to keep abreast with the goings-on of the business on a global scale, Plant Automation Technology portal grants a dynamic and diverse feed of news items.

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Consequently, Avia Ashok Leyland Motors s.r.o. has ceased to be a wholly-owned subsidiary of the company with immediate effect, the filing said. Hinduja Group flagship firm Ashok Leyland today announced selling its entire holding in Czech arm Avia Ashok Leyland Motors to an undisclosed 'strategic investor' for a cash realisation…

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The automotive sector has a direct bearing on the economy with a near 7 per cent contribution to the GDP: David Dubensky, President and MD, Ford. India's automotive industry is expected to reach 7 million vehicles milestone by 2020, making the country the third-largest auto manufacturer in the world, behind…

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The Russian joint venture between PSA Peugeot Citroen and Mitsubishi, PCMA Rus is planning to suspend production of Peugeot, Citroen and Mitsubishi models in the country. The joint venture, which operates a plant in Kaluga, about 180 km from Moscow, plans to cut 100 jobs from the facility. In the…

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Volvo Car Group plans to build its first auto factory in the U.S. in a $500 million investment to revive sales following a plunge in demand over the past decade. The plant will start production in 2018 with targeted capacity of 100,000 to 120,000 autos that will use underpinnings of…

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The Swedish commercial vehicles manufacturer will inaugurate its bus manufacturing facility at Narasapura near Bangalore on Tuesday. The facility has a capacity of about 1,000 units per year and will employ 300 people in its first year. Nitin Gadkari, Minister of Road Transport and Highways of India, will officially inaugurate…

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The country's largest two-wheeler maker Hero MotoCorp today appointed Shobana Kamineni, Executive vice-Chairperson of Apollo Hospitals Enterprise, as a Director on its board. "Shobana Kamineni has been appointed as Director on the Board of the company with effect from March 27, 2015 in the category of Non-Executive and Independent Director,"…

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Honda Cars India Limited (HCIL), today announced that it will invest Rs. 380 crore in its Tapukara plant in Distt. Alwar, Rajasthan to expand the annual production capacity of the plant from the current 1,20,000 units per annum to 1,80,000 units per annum. The additional capacity is scheduled to be…

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Volvere, an investment company, has bought Impetus Automotive (IAL) for £1.3m. Impetus provides consulting services for the automotive sector and last reported full-year revenues of £15.6m and profits before tax of £1.5m. Volvere said it will settle certain debt obligations and acquire the entire share capital of Impetus. Chief executive…

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New body will aim to boost the region's crucial automotive sector, which generates £7bn of sales annually. A new body aimed at promoting and supporting the growth of the region’s vital automotive industry officially opens for business today. The North East Automotive Alliance (NEAA) is an industry-led organisation which brings…

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PCMA Rus, a Russian venture owned by France's PSA Peugeot Citroen and Mitsubishi Motors Corporation, will temporarily suspend production of Peugeot, Citroen and Mitsubishi models, it said on Friday. The venture, which has a plant in Kaluga south of Moscow, said it would also cut 100 jobs. After several years…