Hartmut Schick, Head of Daimler Buses, at at the annual press-conference at the Mercedes-Benz Museum, Stuttgart

Diamler Bus returns to profitability in 2013

Daimler Buses has completed business year 2013 as planned and returned to profitability. The Daimler AG division recorded operating profit of €124 million after posting an operating loss of €221 million in the previous year. Sales rose by five percent to 33,700 units (2012: 32,100), and revenues increased by four percent to €4.1 billion (2012: €3.9 billion). The company is[Read More…]

by March 12, 2014 News, OEM, Web Exclusive

Automobili Lamborghini sets turnover record at Euro 508 million

Automobili Lamborghini S.p.A. improved its key financial figures in the fiscal 2013 and marked another successful step in its brand history of more than 50 years. With worldwide deliveries to customers increasing from 2,083 to 2,121 units, the Italian super sports car manufacturer improved its sales for the third consecutive year. These sales figures are outperforming the market trends in[Read More…]

by March 12, 2014 News, OEM, Web Exclusive
CH Han, Sr. ED, Marketing and Sales, HMIL (left) and Rakesh Srivastava, Sr. VP, Marketing and Sales, HMIL

Hyundai launches Xcent at Rs 4.66 lakh

Hyundai finally entered the highly competitive sub-four-meter compact sedan segment with its Xcent, its 10th offering in Indian car market. The car has been aggressively priced at Rs 4.66 lakh ex-showroom Delhi for its base petrol variant and topping at Rs 7.38 lakh for top-end diesel version. The car will pose direct challenge to Honda Amaze and Maruti Suzuki Swift[Read More…]

by March 12, 2014 News, OEM, Web Exclusive

Volkswagen Pune plant ‘Think Blue’ strengthens environment commitment

Volkswagen’s ‘Think Blue,’ a holistic approach to vehicle production focuses on creating environmental friendly products and solutions, contributing to a sustainable future. Volkswagen Group has over 25 models in India produced from two plants – Pune and Aurangabad. The Pune plant has a manufacturing capacity of 150,000 cars per year, currently manufacturing the Polo, Vento and ŠKODA Rapid. Mahesh Kodumudi,[Read More…]

by March 12, 2014 News, OEM, Web Exclusive
Nabada Johari customer from Silchar, Richard Tobin - CEO, CNH Industrial, Derek Neilson -Chief Manufacturing Officer, CNH Industrial and Stefano Pampalone - Chief Operating Officer, APAC, CNH Industrial

CASE launches backhoe loader 851 EX

CASE Construction Equipment, a brand of CNH Industrial, announced the launch of the new 96 horsepower 851 EX Backhoe Loader. Richard Tobin, CEO of CNH Industrial, initiated production at a ceremony in the CASE India plant in Pithampur, Madhya Pradesh, where it was designed and manufactured. Tobin said, “India and the Asia Pacific Region are key markets for CNH Industrial,[Read More…]

by March 7, 2014 News, OEM, Web Exclusive
Daimler lays foundation stone for bus manufacturing plant in Chennai

Daimler lays foundation stone for bus manufacturing plant in Chennai

Daimler India Commercial Vehicles (DICV) has laid the foundation stone for its new bus manufacturing facility in Chennai. The company plans to invest Rs 425 crore in the new factory with an installed capacity of 1,500 buses, which can be expanded to 4,000 buses subsequently. The new plant, expected to be completed by the second quarter of 2015, will manufacture[Read More…]

by March 6, 2014 News, OEM, Web Exclusive
Datsun GO – on the go

Datsun GO – on the go

  Datsun GO, the global car of Nissan Motor Corporation was driven by Auto Components India today in Hyderabad, and the first impressions are good. It has the elements of style and functionality catlysed by mileage that is much sought after by the customers in the entry level segment. Datsun originated in Japan as DAT-GO (DAT car) exactly a century ago; DAT[Read More…]

Arvind Saxena

Arvind Saxena appointed president & managing director of GM India

General Motors today announced the appointment of Arvind Saxena as the new president and managing director of GM India with effect from 1 March 2014.  Arvind will succeed Lowell Paddock, who is moving to GM International Operations (GMIO) as vice president, planning & programme management. “We are delighted to have Arvind join our team and with his extensive experience, lead[Read More…]

by February 28, 2014 News, OEM, Web Exclusive
Prime Minister of Bhutan, Tshering Tobgay with Pawan Goenka, Executive Director & President, Automotive & Farm Equipment Sectors, M& M Ltd. at the launch of the ‘Mahindra e20’ in Bhutan, post the signing of the Memorandum of Understanding

Mahindra signs MoU with Bhutan to promote electric vehicles

Mahindra Group has signed a MoU with the Government of Bhutan for a strategic partnership to promote the usage of electric vehicles in the Kingdom of Bhutan. On this occasion, Mahindra Reva Electric Vehicles Private Limited announced the launch of its ‘Mahindra e2o’ in Thimphu, the capital city of the Kingdom of Bhutan. The Prime Minister of Bhutan, Tshering Tobgay[Read More…]

by February 27, 2014 OEM, Web Exclusive

Hyundai Motor India launches 17th nationwide free car care clinic

Hyundai Motor India Ltd (HMIL) today announced the 17thedition of the nationwide ‘Free Car Care Clinic’ customer connect program. Through this programme the company’s customers can avail attractive discounts on spare parts/labour charges, selected accessories, and other value added services. In addition, Hyundai is also offering an attractive discount of up to 20 per cent on extended warranty and exciting[Read More…]

by February 27, 2014 News, OEM, Web Exclusive