From the invention of the wheel to the horse-drawn carriage, and from the Model T to the cars of today, human history has been shaped by innovations in transportation. Today, the transportation landscape of the past is colliding with radical technology innovations that may once again reshape how the world moves. A survey conducted across Asia Pacific on behalf of[Read More…]
Hyundai Motor announced that the world-renowned designer SangYup Lee, former Head of Exterior and Advanced Design at Bentley, will become the Vice President of Styling at Hyundai Design Center starting from this June. Building on his past experience of designing various top-notch luxury cars, Lee will be in charge of design strategies and directions and lead design innovations in areas[Read More…]
Minda Industries posted robust results for FY16, maintaining its growth momentum. The consolidated sales at Rs.2506 crore for FY16 as against Rs 2206 Crore in FY15 recording a growth of 14% year on year.. The company reported EBITDA of Rs 244 crore, a growth of 50% year on year. EBITDA margin has expanded by 239 basis points to 9.75 %[Read More…]
Bosch Limited, a leading supplier of technology and services, registered net sales and income from operations of Rs 10,415 crore in the past 12 months, an increase of 9.5% compared to the preceding 12 months period. Profit Before Tax increased by 23.6% and stands at Rs 1,859 crore. Profit After Tax stands at Rs 1,245 crore which is a 23.2%[Read More…]
Just seven months after the opening of the first Regional Center for Commercial Vehicles in Dubai, Daimler AG has completed the regionalisation of its sales and service organization for its commercial vehicle business in key regions of growth. The opening of the Regional Center Southern Asia in Chennai marks the last in a series of launches which further included Regional[Read More…]
Driven by the success of its first Motoplex store in Pune (India) launched in Nov 2015, Piaggio Group today added yet another feather to its cap with the inauguration of its second Motoplex in India in the city of Hyderabad. Also known as the city of Nizams, Hyderabad becomes the first city in the south of India where Piaggio has[Read More…]
Adding to its youthful appeal and freshness, Honda Motorcycle and Scooter India Pvt. Ltd (HMSI) launched three new colours of Activa-i. The personal compact scooter receives a refreshing twist and is Honda’s seventh new model of 2016. The new Activa-i is aimed at extending the legacy of brand ‘Activa’ and its leadership in the automatic scooter segment. Speaking as the[Read More…]
Leading global brand in high-performance audio systems, Rockford Fosgate have announced their association with Blaupunkt India as their distribution partner for the country. The Prime, Punch and Power ranges of products will be available via the exclusive distribution agreement. The portfolio offers a 3 series extensive product range to cater to a wide audience based on their preference and[Read More…]
The Noida-based PPAP Automotive, manufacturer of automotive sealing systems and injection moulding parts, plants to commence production of sealing systems at its Chennai plant, mainly for Renault- Nissan, from next year. The plant is awaiting regulatory approvals to commence the construction. Abhishek Jain, Executive Director, PPAP Automotive said,” we are ready to start the construction work at Chennai. Only the[Read More…]
Sundram Fasteners Limited (standalone) recorded total revenue of Rs 2,641.38 crore for the year ended March 31, 2016 as against Rs 2,409.75 crores achieved during the previous year. The export sales were at Rs 908.12 crore as against Rs 898.71 crore. Domestic sales, net of excise duties were at Rs 1,649.37 crore as against Rs 1,426.33 crore, an increase of[Read More…]
