BMW India announced the appointment of Titanium Autos, its new dealer for the states of Jharkhand and Bihar. Titanium Autos is currently operational at the Radisson Hotel, Ranchi, where the customers and prospects can experience the BMW product range. The dealership is headed by Mr. Bimal Singhania, Managing Director, Titanium Autos. Mr. Frank Schloeder, (Act.) President, BMW Group India said,[Read More…]
Volkswagen India today rolled out the very first Volkswagen Ameo from its Pune Plant in Chakan. After its world premiere at the Delhi Motor Show earlier this year in February, the Volkswagen Ameo starts its series production today. Volkswagen India will rapidly ramp-up the production of Ameo to build up enough inventory before market introduction. Blue Silk in colour, the[Read More…]
Bajaj Finance Limited (Auto Finance), India’s No 1 motorcycle finance company continues to bring unparalleled ease in financing options to vehicle buyers across the nation starting with Tamil Nadu as pilot/Nodal Office by means of a unique arrangement with India Post through a Joint MoU. Formally announced right at the beginning of the Financial Year 2016-17, this special arrangement shall[Read More…]
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…]
