The company, which today introduced a service support initiative for its commercial vehicles on the Delhi-Mumbai service corridor, will sell trucks only under the Blazo range once the BS IV emission norms kick in from April 1 this year.
"The company will be undertaking scheduled maintenance shutdown at some of its automotive and tractor plants in December 2016," Mahindra & Mahindra said in a BSE filing.
The group, which has 250 plants across 60 countries, has such a manufacturing facility at Tochige in Japan.
Currently, the company is mainly focusing on building a future for Royal Enfield, says Siddhartha Lal, Managing Director and CEO of Eicher Motors.
The arrangement involves KTM-branded Duke and RC motorcycles up to a displacement of 400cc being distributed through a chain of KTM dealerships to be managed by Bajaj, the two companies said in a statement.
The company, which has introduced the model in Hyderabad to start with, plans to locally produce the vehicle at its Chakan plant in Pune.
Following BMW & Mercedes-Benz, Audi all set to gather engines in India. Models A4, A6 & Q3 to be a part of the move.
India will be the second country after Germany where the Mercedes-Maybach S500 will be manufactured.
Company officials said the Tiguan is likely to be launched in the Indian market next year, where the appetite for SUVs is growing at a fast pace. It is understood that VW Group firm Audi is also planning to start assembling engines in India.
The company is targeting to address needs of those customers who are looking for a pure SUV in the compact segment, which at present is dominated by crossover models.
The company kicked off the programme with the launch of a new version of its mid-sized sedan Vento priced between Rs 7.85 lakh and Rs 11.87 lakh (ex-showroom Delhi).
Buoyed by robust response to new sports bike Pulsar RS200, Bajaj Auto is ramping up monthly production of the motorcycle model by over two-fold to 4,000 units in the next two months.
Two wheeler major Bajaj Auto is looking at expanding its Chakan plant capacity in Maharashtra as part of its plans to raise its market share to 23 percent from the current 17 percent.
Volkswagen plans to increase production to 200,000 units by 2018 and add more new models from the 130,000 units Chakan plant.
After several rounds of talks among Bajaj Autos‘ management and workers‘ union at Chakan, it is likely that the strike may have been called off.
Bajaj Auto today said it is hopeful of finding a solution to end the strike at its Chakan plant in the next two days and hence has extended deadline for the permanent transfer of 50 per cent of production from there to other units till Friday.
Bajaj Auto chief Rajiv Bajaj said that the management was ready to discuss other issues that the union had raised. But, it rejected the demand for allotment of Employee Stock Options (Esop).
Home-grown auto maker Mahindra and Mahindra has laid off 500 temporary workers at its Chakan plant and put a freeze on hiring for now, says president automotive sector Pawan Goenka. This follows a slowdown in vehicle sales, which has led to rising inventory levels over the past few months across company stockyards and dealers.
The India's largest utility vehicle maker said that it will observe 'no production days' at its automotive plants for 1-8 days in July. Its subsidiary Mahindra Vehicle Manufacturers will also see no output for 8 days.
Demanding an immediate resolution to the 11-day-old agitation by the Chakan plant employees of Bajaj Auto, an umbrella organisation of trade unions has threatened mass stoppage of work in the Chakan and nearby Pimpri-Chinchwad industrial belt.
Bajaj Auto on Wednesday said it will not negotiate wage agreement "under the pressure of an illegal strike", even as the company has shifted production of its best selling Pulsar model to Aurangabad facility.
Sensex closes down 286 points with the rupee touching 60/USD, yet again.
Around 3,000 motorcycles are produced at Chakan on a normal day. On Monday around 1,400 units were produced and 450 people reported to work.
Appealing to the workers to resume work, Pradeep Shrivastava, Chief Operating Officer, Bajaj Auto, told reporters that the company would start production at a different facility if the strike was not withdrawn.
Rajiv Bajaj is hopeful that Bajaj Auto would manage to achieve 25 percent production as compared to what their normal production is at the Chakan factory due to ongoing strike. The overall focus is going to be on high-end bikes like the KTM and the export market.