Messe München has appointed Bhupinder Singh as its new CEO for its subsidiary, Messe München India. The experienced exhibition professional will be working along with the COO and joint Member of the Management Board of MMI India Pvt Ltd, Igor Palka, both reporting to the Board of Directors of the company. Katharina Schlegel, subsequent to her successful stint and strong contribution[Read More…]
Hyundai Motor India Ltd, the Korean auto major has registered the domestic sales of 39,806 units and exports of 15,907 with cumulative sales of 55,713 units for the month of June 2016. Commenting on the June sales Rakesh Srivastava, Sr. Vice President Sales and Marketing, Hyundai Motor India Ltd. said, “Hyundai volumes grew by 9.7% with sales of 39,806 units with strong pull performance[Read More…]
Optimism Prevails The Indian auto components industry has been in a growth trajectory with a CAGR of 6% during the last 6 years. The industry posted 8.8% growth to Rs 2.55 lakh crore in 2015-16. With signs of recovery in the automotive market and prospects of a better monsoon, the Automotive Component Manufacturers Association of India (ACMA), the apex body[Read More…]
Honda Motorcycle & Scooter India (HMSI) inaugurated the 2nd assembly line of its 4th manufacturing plant at Vithalapur (Mandal taluk, Ahmedabad district) in Gujarat. Adding an additional 6 lack units annual production capacity, the 4th plant’s total capacity has now reached 1.2 million units annually. The second assembly line inaugurated is an exclusive scooter assembly line and will produce India’s largest[Read More…]
Nissan strengthened its service network for its customers in India by joining hands with MyTVS, a brand owned by TVS Automobile Solutions Private Limited (TVS ASPL), one of India’s largest car service networks. Together with MyTVS, Nissan will soon have 8 Nissan Authorised Service Points (NASP) in Tamil Nadu, in addition to its own dealer network of 23 outlets, to improve customer[Read More…]
Capgemini, a global consulting, technology and outsourcing services, has launched its AutomotiveConnect for Retailers. Today, retailer groups must exceed customer expectations and deliver a highly personalised digital experience both in-store and online. This new service is designed to help automotive dealers deploy the latest digital technology and harness new data streams to drive sales and profitability, increase customer retention and[Read More…]
Subros Limited, the leading manufacturer of thermal management systems for automotive applications, targets Rs 1750 crore revenue in the next financial year as most of its business verticals are set to perform well in 2016-17. Last year, the company grew 11% to Rs 1479 crore, much above the industry average growth rate of 7.24% (growth rate of passenger vehicles), as[Read More…]
Q: What are you views on the present industry performance for passenger vehicles, commercial vehicles and two-wheelers? Karma: In passenger vehicles I don’t see a problem. It will remain at the same level. It will go up and down based on product launches as people have a tendency to buy new products. Commercial vehicle will continue to grow as the[Read More…]
The Jaipur-based National Engineering Industries (NEI), that makes bearings under the NBC brand for passenger vehicles, two-wheelers, commercial vehicles and industry applications, is all set to expand its exports to new markets through capacity expansion, acquisition and diversification. The company is present in over 25 countries in the NAFTA region, Europe, SAARC and West Asia, and Japan. Sanjeev Taparia, SVP[Read More…]
Eaton is a global technology leader in power management solutions that make electrical, hydraulic and mechanical power operate more efficiently, effectively, safely and sustainably. The company sells its products in 175 countries. Eaton in India drives the company’s manufacturing capabilities and professional services to new areas. Krishnakumar (KK) Srinivasan, President – Asia Pacific, Vehicle Group, Eaton, in an exclusive interview[Read More…]
