Daimler India Commercial Vehicles Pvt. Ltd. (DICV), a 100 percent wholly owned subsidiary of Daimler AG, announced that they have started exporting FUSO brand to Tanzania. This is the fourth market that FUSO has entered since the start of export in May 2013. FUSO branded trucks, which are manufactured at DICV‘s Oragadam plant, is aimed only for exports in Asia[Read More…]
The all new BMW 3 Series Gran Turismo rolled out of Chennai plant today. Philipp von Sahr, President, BMW Group India and Robert Frittrang, Managing Director, BMW Plant Chennai were present at the plant.
Infosys, India’s second-largest Information Technology company, has signed a multi-year deal with Volvo Cars to provide application development services for its global operations. Infosys will develop applications to support multiple domains including marketing and sales, customer service, manufacturing, product development, and corporate functions. “We are very pleased to collaborate with Volvo Cars in their strategic journey. We will be a[Read More…]
Toyota Kirloskar Motor (TKM) has suspended production at its two manufacturing facilities in Bidadi industrial area near Bangalore with effect from Sunday, March 16. The company in a statement said that it has locked out the plants since Sunday after the failure of talks between the management and the workers union over wage negotiation followed by labour unrest in the factory premises. This has resulted in[Read More…]
V Sumantran, one of the noted figures in automotive world, has stepped down as vice-chairman from the board of Hinduja Automotive and Ashok Leyland. At the meeting of the Board of Directors of Ashok Leyland held on March 13, 2014, the resignation of Sumantran who is serving as non-executive vice chairman of the company, was accepted. His resignation will be[Read More…]
JD Power Asia Pacific presented Honda, Maruti Suzuki and MRF with special recognition awards for their continued outstanding performance in meeting customer expectations at a ceremony on March 11th in New Delhi. More than 70 senior executives from nine companies attended the annual India Awards Presentation. Gerrit Kuyntjes, vice president, JD Power Asia Pacific, presented the awards to the companies[Read More…]
Datsun will pull the covers off its all new car for Russia on April 4th, 2014, in Moscow. And in advance of this symbolic event, that will celebrate the brand’s entry into the dynamic Russian automotive market, Datsun has released a sketch. (please see photo) The Datsun launch in Russia is significant for the global expansion of the brand as[Read More…]
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…]
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…]
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…]
