BUSINESS
M&M to acquire 2 Turkish companies for Rs 800 crore
This acquisition, which will be done through internal accruals, not only gives M&M a foothold in the Turkish tractor market but also gives access to Erkunt’s high power tractors which features air-conditioned cabin as compared to open-air tractors of M&M.
BUSINESS
M&M hopes for regulatory clearance for its ambitious autonomous tractors
The company also said that progressively such tractors will be exported to Japan and US but only after they establish themselves firmly in the Indian market which the company expects to happen in 18 months after they are launched.
BUSINESS
Here’s why the partnership is a win-win for M&M, Ford
For both the companies, it is a win-win deal as it will help both the automotive companies, which haven't made a big mark in India, garner some market share.
BUSINESS
Honda to shift focus from India if government's push for small car continues
The government hiking tax on large cars is an incentive for small car sales. This is making global companies like Honda defocus on India.
BUSINESS
Mahindra, Ford to explore alliance for product development, electric cars
Teams from both companies will collaborate and work together for a period of up to 3 years. Any further strategic cooperation between the 2 companies will be decided at the end of that period, both the companies said.
TECHNOLOGY
This week in Auto: Suzuki starts work on electric vehicle battery plant, carmakers raise prices
Here is the full list of key developments from the automotive space this week
BUSINESS
Setting aside Rs 1 Lakh for the iPhone X? For that money, here's a list of bikes you can buy
Those who wonder what that amount could buy from the automotive space here is the brief compilation of the list.
BUSINESS
Suzuki, Denso, Toshiba to invest $180 mn in Gujarat battery pack manufacturing plant
This will be India’s first lithium-ion battery manufacturing plant.
TECHNOLOGY
Despite cash ban used car market topped 3.6 million sales in 2016
Average selling price of a used car is Rs 2.75 lakh. This makes the pre-owned car market valued at nearly Rs 1 lakh crore.
BUSINESS
Auto cos fear losing bus contracts as states may divert funds for farm loan waivers
More than Rs 108,000 crore have been announced as farm loan waivers by at least five state governments in the past four months, their ballooning debt notwithstanding.
TECHNOLOGY
Progress report: Automakers’ plans for introducing electric vehicles on Indian roads
Here is a look at what each of the aspirants are doing in the field of electric cars that has got everyone talking.
BUSINESS
When Tata Motors banked on Dronas & Acharyas to push truck, bus sales
Tata Motors has been under tremendous pressure with the continuous slump in demand for trucks and buses especially last two years. It lost 14 percent share in the commercial vehicle space in last five years.
BUSINESS
Ashok Leyland’s deal with Rosoboronexport strengthens bid for Rs 60K cr army project
The Rs 60,000 crore project involves supply of 2,600 of combat vehicles that are to be supplied to the Indian army over a period of several years years.
BUSINESS
Full list of cars, SUVs impacted by cess hike
The government slapped a hike of 2 percent on mid-size sedans, 5 percent on luxury cars and 7 percent on sport utility vehicles. These will be added to the 15 percent cess charged on such vehicles over and above the GST of 28 percent.
BUSINESS
M&M launches electric passenger 3-wheelers at Rs 1.12 lakh
Mahindra & Mahindra, the only manufacturer of electric three-wheelers in the country, has launched the e-Alfa, an electric passenger three-wheeler at Rs 1.12 lakh (ex-showroom, Delhi).
BUSINESS
Dzire topples Alto to emerge as the largest selling model in August
Dzire, whose all-new avatar was launched by the car market leader in May, saw doubling of sales in August to 30,934 units, as against 15,766 units sold in the same month last year.
BUSINESS
No rollback of cess on big cars but vehicle scrappage policy could come in: Nitin Gadkari
The proposed 10 percent hike in cess on large cars to which the Cabinet gave its green light recently shall not be rolled back by the government said Nitin Gadkari, Minister of Road Transport and Highways, today.
BUSINESS
We must make India the export hub of electric cars: NITI Aayog's Amitabh Kant
The government has already made it clear that all vehicles sold in India will be fully electric by 2032 for which several plans are also put into motion.
BUSINESS
Workers at Tata Motors' Jamshedpur plant protest seeking clarity on pay hike
Production at the plant, however, continues unaffected, according to the Tata Motors spokesperson. The facility produces Tata Motors’ flagship heavy duty truck Prima along with Ultra. It has an annual production capacity of 1.44 lakh units.
TECHNOLOGY
Nissan Leaf likely to hit Indian roads next year end, run into Tesla's Model 3 launch
Leaf’s India launch could clash with the much-awaited launch of Tesla Model 3, which at $35,000 is more expensive than the Nissan car at the moment.
BUSINESS
Tata Motors CTO Tim Leverton resigns
Ravi Pisharody, ED, commercial vehicles, was the first to quit the company a few months ago followed by C R Ramakrishnan, chief financial officer who will be retiring from the company soon.
BUSINESS
Fearing cost rise after cess hike buyers rush to buy luxury cars
The government, under GST, charges 28 percent on small cars. Another 15 percent is charged as cess on large cars.
BUSINESS
Audi launches petrol Q7 at Rs 67.76 lakh
With the launch of the Q7 40 TFSI, Audi’s flagship SUV is now available in both petrol and diesel engine options. The top of the line Technology Pack is priced at Rs 74.43 lakh.
BUSINESS
Mahindra ‘withdraws’ from mass market two-wheeler segment
Mahindra Two Wheelers, the subsidiary which was merged into M&M last year, has been a challenging venture, having failed to clock profits in any year since its inception
