In 2014, Continental announced the 100% ownership of the joint venture with Emitec Emission Control Technologies. Emitec, founded in 1986 and based in Lohmar, Germany was formerly a 50/50 joint venture between Continental and GKN. With this acquisition, Emitec has been integrated into Continental’s Powertrain Division, merging with Business Unit Fuel Supply (FS) to form a new Business Unit Fuel[Read More…]
TVS Logistics Services Limited (TVS LSL), a 90% automotive logistics provider has acquired 100% stake in the Tata Group company, Drive India Enterprise Solutions Limited (DIESL) to tap the non automotive segments. Tata Opportunities Fund (TOF) will take a minority stake in TVS LSL by investing up to a maximum of Rs 250 crore, which will be utilised for funding[Read More…]
Madurai-based TVS Tyres to invest Rs 150 crore to expand its capacity both in Madurai and Rudrapur facility. In 2014-15, the company had manufactured a monthly 1.6-million tyres in Madurai plant and 400,000 tyres in Rudrapur plant. The company’s Director, P Vijayaraghavan said, “During 2014-15, we have enhanced our capacity from 1.70 million tyres per month to 2 million tyres.[Read More…]
TVS Jupiter, has added another feather to its cap, becoming the fastest scooter in India to reach the 500,000 units sales milestone in just 18 months since its introduction into the market. TVS Jupiter, which was launched in September 2013, offering greater comfort, conveniences and first time features, has witnessed high customer acceptance. This can be attributed to 3 broad[Read More…]
BorgWarner was honored by Volvo Cars with an Award of Excellence in the category “Cost Competitiveness” during a ceremony held recently at Volvo Cars in Gothenburg, Sweden. BorgWarner delivers a variety of leading turbocharging technologies to Volvo Cars, including regulated two-stage (R2S) systems for diesel engines and turbochargers with a modular design for gasoline engines. These leading technologies are engineered[Read More…]
Yamaha inaugurated its training school for under privileged youth at Don Bosco Technical Campus in Chennai. Yamaha Training School (YTS) is an outcome of the company’s corporate social responsibility (CSR). “ As a responsible corporate, supporting India’s mission we have initiated this activity which paves way for underprivileged to get employment opportunities on successful completion of 1 year program at[Read More…]
Sekisui DLJM Molding, a joint venture of Sekisui Chemical Co Ltd and Dipty Lal Judge Mal, has inaugurated its third plant plant in India. To cater the needs of Yamaha, the company recently commenced operation of its third plant, which is located at the Yamaha Suppliers Park in Vallam Vadakal, near Chennai. The plant was inaugurated by Takashi Terabayashi, Managing Director,[Read More…]
Ford Figo Kicks-off the launch of Figo Aspire and made its appearance in Chennai on 9th and 10th of May 2015. Ford Figo embellishes the spot giving customers first hand experience of this stylish compact sedan. This has been showcased at central atrium and Express Avenue mall as a part of 10 week long road shows and spectators are enticed[Read More…]
German luxury carmaker BMW has increased the level of localisation in its cars assembled at the Chennai plant by upto 50%. The increasing the local content the company intent to stay stronger in India by passing the cost advantage to its customers. To highlight the localisation strategy, BMW India invited Sachin Tendulkar, who marked the occasion in a unique way[Read More…]
May 2015 Subscription Form Online Subscription Going Green The transport sector accounts for a significant environmental impact, both when it comes to greenhouse gases and the release of substances such as sulphur and carbon into the atmosphere. At the same time, the need for efficient transport in an increasingly globalised world has never been bigger. Fortunately, there are technologies that[Read More…]
