Earlier this year, Skoda Auto Chairman of the Board of Management Klaus Zellmer stated that the company is looking to collaborate with an Indian partner in order to grow its presence in the country.
Bajaj Auto ramped up its repertoire of premium brands, which includes KTM and Dominar, partnering with British bike-maker Triumph. It launched two locally made bikes under the partnership in July last year.
The German carmaker claims the EQS 580, its first made-in-India luxury electric car, gives a range of around 857 kms (as per ARAI), which would make it the longest-ranged EV in the country.
The renewable energy solutions company plans to make 14,400 electric cars annually at the proposed facility in Chakan, Pune. It will also use the proceeds to grow its solar EPC business.
Bajaj Auto's Chakan plant has a unique feature - it has women only assembly lines and these women make some of the most powerful motorcycles in the country. CNBC-TV18's Priya Sheth travels to Chakan to speak to the women behind the wheels.
Pune is hailed as an educational hub, which attracts students not only from different parts of Maharashtra, but also from all over the country and abroad. The city is home to several prestigious institutes, R
Disha Kansara Chawla Senior executive search professional, Mumbai Many average Indians now own two houses – one to live in and one through which they earn retirement benefits. It is very difficult to buy R
Inaugurating the centre, Maharashtra Chief Minister Devendra Fadnavis said the facility will offer automotive testing, product customisation workshop and assembly, and urged the company to set up its second manufacturing facility in Nagpur and a technical centre in Aurangabad.
The Maharashtra government, on October 6, 2016, gave a go-ahead for carrying out a detailed project report (DPR) for the greenfield international airport, which will come in Purandar tehsil of Pune district. The proposed R
"We are setting up two logistics parks in Chakan and Ranjangaon in Maharashtra. The Rs 600 crore projects will be funded through 50:50 JV and we will invest around Rs 300 crore in the said project," KDC Joint Managing Director Vineet Goyal told reporters here.
The new generation KTM bikes, which are proposed to be developed on new platforms and engines will be manufactured at Bajaj‘s manufacturing facility at Chakan in Pune.
This is Mahindra's seventh steel processing facility and the third in the Pune region. The raw stock for the facility would be imported from China Steel Global, Taiwan as well as sourced locally
The Maharashtra government on Thursday said that automobile giant General Motors has decided to invest Rs 6,400 crore for the expansion of its existing plant in Pune and close down its project in the neighbouring Gujarat state.
"Foreign investors are eager to invest in various sectors in the state after being convinced of the change in culture and ease of doing business," Industries Minister Subhash Desai said.
Mercedes became the first luxury car maker in India to expand its production capacity to 20,000 units.
In an interview to CNBC-TV18, Rajiv Bajaj, MD, Bajaj Auto, said there has been a visible improvement in demand and that the existing capacity at Chakan may fall short in 12-18 months.
Spread over 68 acres in MIDC Industrial Park at Chakan II, the facility will generate over 1,500 jobs and support the growth of local businesses, many of whom will be SME suppliers, the company said. The company did not divulge the investment details.
German carmaker Volkswagen inaugurated Tuesday its new diesel engine assembly plant in Chakan, Pune. Built over 11 months at a cost of Rs 240 crore, the plant spans 3,450 square meters and is part of the existing factory premises.
Eberhard Kern, MD & CEO, Mercedes-Benz, says the new CLA will be launched very early next year. It will be the first launch in 2015.
In the two-wheeler segment, the firm that is in the process of acquiring 51 percent stake in Peugeot Motocycles for 28 million euros, is eyeing various global markets besides India to launch the French firm's products.
An MoU is expected to be signed for this industrial park, which would come up in Chakan, Maharashtra. Foton plans to invest Rs 3000 crore in phases.
There‘s good news for bike enthusiasts. Europe‘s largest motorcycle brand KTM, through its Indian partner Bajaj Auto, On Tuesday announced the launch of the highly anticipated KTM RC series of supersport motorcycles for India.
MOUs point to a commitment of Rs 1,510 crores from Volkswagen, Rs 4,000 crores from Tata Motors, Rs 4,000 crores from M&M, and Rs 2,000 crores from Bajaj Auto
New Mercedes-Benz S-Class gets Rs 21 lakh cheaper as local assembly starts in India, now available at Rs 1.36 crore (ex-showroom, Mumbai).
The locally-produced top-end model S 500 will be priced at Rs 1.39 crore (ex-showroom, Delhi) and will be rolled out from the manufacturing facility in Chakan, Pune.