Committed to the Government’s ‘Make in India’ vision, Hyundai Motor India Ltd. (HMIL) attained an export milestone. Exporting 5000 vehicles in May 2020, the company commenced production on May 08, 2020. Speaking about Hyundai’s export strategy, S S Kim, MD & CEO, Hyundai Motor India said, “In line with our global strategy, we have now exported more than three million[Read More…]
To recover from the economic slump, Maharashtra government is looking to attract Foreign Direct Investment (FDI) by unveiling ‘Maha Parwana’, a mega permission for new industrial units. To be active within 48 hours of application, this mega permission will help the industries to fast track their operations. An investor had to acquire at least 22 permissions to start operations in[Read More…]
With the purpose of facilitating its ‘Magnetic Maharashtra 2.0’ initiative, the Government of Maharashtra has signed 12 MoUs worth Rs.16,100 crore with foreign and Indian firms. Launched with the purpose of reviving the economy post Covid-19, this initiative kickstarted in the presence of Uddhav Thackeray, Chief Minister, Maharashtra, Subhash Desai, Minister for Industries, Government of Maharashtra, and senior bureaucrats of[Read More…]
Volkswagen India has digitised the used car business. Offering a professional purchase and selling ecosystem, the company has also introduced the Das WeltAuto Valuator, a mobile application to help the customers self-evaluate their current vehicle. Steffen Knapp, Director, Volkswagen Passenger Cars India said, “Volkswagen aims to shift the used car business segment from an unorganised to organised segment. We intend[Read More…]
Daimler India Commercial Vehicles (DICV) has signed a second Memorandum of Understanding (MoU) with the government of Tamil Nadu. Aimed at expanding the production capacity of the Oragadam plant, the MoU entails an investment of Rs.2277 crore. Suppliers expected to benefit as a ripple effect of the investment include the likes of Apollo Tyres, Motherson Sumi Systems Ltd., Wabco India[Read More…]
To provide safe and convenient personal mobility options with easy financing, Tata Motors Ltd. has rolled out a holistic package of offers called ‘Keys to Safety’. Easy financing, affordable EMIs with long tenure loans and special offers for frontline warriors are the hallmarks of this package. With the help of this package, customers can drive home a preferred variant of[Read More…]
TATA AIG General Insurance Company Ltd. has launched ‘AutoSafe’, an innovative telematics-based next-gen application device. Provided with all policies including the personal accidental cover of Rs.15 lakhs for both the owner and the driver. Doubling up as an anti-theft device to track vehicle movement, live speed and other driving pattern parameters, the app. is claimed to promote safe driving habits[Read More…]
Goodyear India Ltd. has appointed Sandeep Mahajan, former Vice-President, Goodyear India, as the Managing Director. Assuming the role and responsibility with effect from June 01, 2020 for a period of five years or up to the date of superannuation or retirement, Mahajan will be replacing Rajeev Anand, who will assume the role of Executive Chairman with effect from June 01,[Read More…]
At the announcement of the annual financial result for FY2020, Bosch India confirmed that it would restructure and transform projects, in line with its commitment to secure future profitability. Reaffirming its intent to attain sustainable growth through a technologically agnostic approach, averred Soumitra Bhattacharya, “The commitment to secure future profitability and growth has fuelled our focus towards restructuring and transformation[Read More…]
ATS Elgi Ltd. launched a new range of vehicle sterilisation solutions. The Ozone Air Steriliser claimed to use ozone, a natural form of activated oxygen is said to eliminate bacteria, virus, moulds, allergens, odours and harmful pollutants like Volatile Organic Compounds (VOCs) with claims of ensuring a safe and clean in-vehicle environment. Said to be suited to hatchbacks, sedans, SUVs,[Read More…]
