At the time when India is looking for more crude oil on increasing demand for petroleum products in the transport sector, Indian Petroleum Ministry held talks with its Mexican counterpart over the area of cooperation in energy sector. The Indian road transport sector sees the Indian Petroleum ministry’s move as …
Read More »Indo-China bilateral agreements to bring automotive benefits to Karnataka, Tamil Nadu
Two among 24 bilateral agreements signed between India and China during the ongoing tour of Indian Prime Minister Narendra Modi in China is expected to benefit Karnataka and Tamil Nadu, two major South Indian states accommodating industrial clusters, in automotive sector. In the current diplomatic tour, Modi met the …
Read More »Ashok Leyland 2014-15 net profit up at Rs 334 Cr
Ashoke Leyland, a Hinduja Group company and India’s second largest Heavy Commercial Vehicle maker, witnessed increase in its net profit for the financial year ended March 31 2015 at Rs 334 crore, up from Rs 29.3 crore reported in the previous financial year. In a filing to Bombay Stock Exchange …
Read More »Maruti Suzuki rolls out its 15 millionth vehicle
Maruti Suzuki India Ltd (MSIL) , the country’s largest car company, celebrated its newest milestone, by becoming the only car manufacturer in India to roll out its 15 millionth car. The 15 millionth car, a DZire VDi rolled out from the Company’s Manesar facility on Tuesday. The first car, …
Read More »Skoda India April sales up 9.6% at 1,300 units
Skoda India has increased its sales in April 2015 by 9.6 percent year-on-year to 1,300 units. In a press statement issue today on its global sales, Skoda expressed its satisfaction over increasing sales in two major car markets in Asia, India and China. Skoda mentioned that it sees sales increase …
Read More »Audi acquires stake in Cubic Telecom for Connected Car solutions
Audi is systematically extending its lead in the field of connectivity. Audi Electronics Venture GmbH (AEV) has acquired a strategic minority interest in the Irish mobile‑telephony provider, Cubic Telecom to strengthen its activities in connected infotainment segment. Audi Electronics Venture GmbH (AEV), a subsidiary of global luxury car major Audi …
Read More »Apollo Tyres, Manchester Utd launches special edition tyre in India
Indian tyre major Apollo Tyres in association with Manchester United Football Club launched the special edition dual branded — Apollo & Manchester United — tyres for the Indian market. India is the third country globally, after United Kingdom and Thailand, to see the launch of the special edition dual branded …
Read More »Royal Enfield acquires UK’s Harris Performance
Royal Enfield acquires UK’s Harris Performance. The India-based motorcycle manufacturer has acquired UK based Harris Performance Products Ltd, an expert in designing and manufacturing of specialised high performance motorcycle chassis and components, for undisclosed amount. Royal Enfield, India-based motorcycle manufacturer, has acquired UK based Harris Performance Products Ltd, an …
Read More »Hinduja Leyland Finance H2 up at Rs 77 Cr
Hinduja Leyland Finance, an auto finance arm of Hinduja Group, witnessed a growth in net profit for the second half ended March 31, 2015 at Rs 77 crore, up from Rs 50 crore reported in the same period in the previous financial year. The company’s total income in the period …
Read More »Timken India witness fire accident at third party logistic provider
Automobile component producer Timken India Ltd has informed Bombay Stock Exchange (BSE) that a fire broke-out in the company’s third party logistic provider’s warehouse in Pune on Sunday morning. The company said in the BSE filing that no one was injured in the incident but there seems to be substantial …
Read More »