NEWS

For our visitors who seek the latest industry news and updates to keep up with the goings-on of the business on a global scale, this portal grants a dynamic and diverse feed of news items contemporaneous with the current affairs of the Automotive Industry.

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Asahi India Glass Limited (AIS) today announced its plans to invest in a 'Greenfield Automotive Glass Plant’ near Mehsana in Gujarat. The investment is being made to primarily meet the automotive glass requirements of Maruti Suzuki India Limited at its newly-established Gujarat plant. AIS will make an investment of up…

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Bosch, the sole supplier of fuel injection system for BS-IV diesel commercial vehicles, is facing shortfall in supply of the component. Sales of medium and heavy trucks in India may remain subdued this quarter because German auto component maker Bosch faces a shortage in the supply of fuel injection systems…

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GSR Capital, a Chinese private equity firm with backing from the Hubei provincial government, is nearing a deal to acquire control of a Nissan Motor Co. rechargeable battery unit for about $1 billion, according to people with knowledge of the matter. The firm is in advanced talks with Nissan about…

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Electric vehicle division of Mahindra & Mahindra, Mahindra Electric has revealed its future electric vehicle strategy including product roadmap and future technology, leading to the next generation of Electric Vehicles, which the company internally refers to as EV 2.0. Mahindra Electric in a press statement said that the company will…

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French automaker Renault has signed an agreement with tech giant Intel and has acquired Intel’s French embedded software R&D activity based in Toulouse and Sophia-Antipolis, France. In a media statement Groupe Renault said that the company will be bringing in a full spectrum of skills to reinforce developments in next-generation…

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American motorcycle manufacturer Harley-Davidson said on Thursday it will build a plant in Thailand, a major Asian automotive hub, to serve the growing Southeast Asian market, a move criticised by a U.S. labour union. The company did not give a figure for the planned investment in Thailand's Rayong province, southeast…

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Jaguar Land Rover Automotive Plc, Britain's largest automaker, on Tuesday reported a 16 per cent rise in sales to a record 604,009 vehicles boosted by demand in China and North America. The company reported a full-year pre-tax profit of 1.6 billion pounds, up 3 per cent, on revenue up 9…

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In a bid to expand its tractor bouquet exponentially in the overseas market, Sonalika International Tractors Limited (ITL) has further strengthened its collaboration with alliance partner, Yanmar with whom it has had a collaboration since 2005. It has signed a joint venture under which the Japanese tractor manufacturer’s light weight…

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German automaker Daimler AG has laid the foundation for one of the biggest battery factories and its second factory for lithium-ion batteries. The company has invested around 500 million euros on this new facility, the company said in a media release. “The automotive industry is facing a fundamental transformation and…

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Germany's Volkswagen AG and Anhui Jianghuai Automobile Group have received approval from Chinese regulators to form a joint venture to make electric vehicles, the two automakers said on Monday. The National Development and Reform Commission (NDRC), China's top state planner, gave a green light to JAC and VW to build…