In keeping with its vision of expanding its global footprint to as many as 50 countries by 2020, Hero MotoCorp Ltd (HMCL), the world’s largest two-wheeler manufacturer, marked yet another significant milestone in its journey to global expansion –the formation of its wholly-owned subsidiary in Colombia and the commencement of a state-of-the-art manufacturing plant in the country. The foundation-stone was[Read More…]
India is struggling to increase its GDP by a few decimal points, but it can be shocking to know that 3% of the GDP eroded in corrosion every year, said Dr Baldev Raj, President – Research, PSG Institutions. The quantum of loss on account of corrosion is equal to the revenue contributed by the Indian Railways to the exchequer. Delivering[Read More…]
Tata Motors today launched an innovative, nation-wide campaign to showcase its new, best-in-class Revotron engine as a prelude to the launch of its new cars Zest and Bolt. With many segment-leading features in the engine, the campaign seeks to engage with its customers and create brand awareness for India’s first 1.2 Litre MPFi Turbocharged petrol engine, the Revotron 1.2T. The[Read More…]
Hyundai Motor India Limited (HMIL), the country’s largest exporter and the second-largest car manufacturer, has achieved yet another milestone with the delivery of 100,000 Hyundai Grand cars within 10 months of its launch. Launched in September 2013, the Grand is the only product to achieve an outstanding sales mark in the industry, consolidating Hyundai’s position as a trendsetter and leader[Read More…]
DENSO Corp on 1 July announced that DENSO Mexico S.A. DE C.V. (DNMX) will expand its plant in Apodaca, Nuevo Leon, Mexico, to increase production of transmission components in the North American region. The expansion represents an investment of US$53.8 million, (about 5.38 billion yen) which will add 8,200 square meters of space and 500 jobs by 2018. The plant[Read More…]
BASF, Huntsman, Shanghai Hua Yi (Group) Company, Shanghai Chlor-Alkali Chemical Co. Ltd. and SINOPEC Group Assets Management Corporation held a ceremony on 1 July, to kick off the construction of a new plant with a production capacity of 240,000 metric tons of crude MDI (diphenylmethane diisocyanate) per year, at Shanghai Lianheng Isocyanate Co. Ltd. (SLIC) in Caojing, China. With the[Read More…]
DENSO Corporation and DENSO International Asia Co. Ltd. (DIAT), a DENSO group company in Thailand, has signed a Memorandum of Understanding in February 2014, with Thai Intelligent Transport System (ITS). This collaboration launched in March 2014 and will continue until March 2015. Its goal is to ease traffic congestion through the use of Vehicle-to-Vehicle and Vehicle-to-Infrastructure (V2X) communications. In large[Read More…]
HARMAN, the premium global audio and infotainment group announced that it has opened a new office in Turin, Italy, on July 2, 2014 that would also serve as a regional sales office. Turin is of particular strategic importance to the company due to HARMAN’s close relationship with Fiat Chrysler Automobiles (FCA) and its leading brands Jeep, Maserati, Ferrari and Fiat.[Read More…]
Maserati has now approved Continental summer tires to be fitted at the factory for the Ghibli as well. Continental will now manufacture the ContiSportContact 5 in eight sizes between 18 and 21 inches for the Maserati Ghibli. To distinguish it from other versions of the premium sports tire, the original equipment models for the Italian sports sedan will feature the additional[Read More…]
YH Park, President and CEO of Halla Visteon Climate Control Corporation (HVCC) received a Bronze Tower Order of Industrial Service Merit at the annual Global Green Management Excellence Award event in Seoul. The event is jointly hosted by the Korean Ministry of Environment and the Ministry of Trade, Industry and Energy. The award is considered as the best in sustainable and[Read More…]
