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  • Ford rethinks India exit strategy, puts Chennai plant sale on hold

    Ford’s Chennai facility, which is spread across 350 acres with an annual capacity of 150,000 cars and almost 340,000 engines, has stopped production since July 2022.

  • Yamaha to ramp up production at Chennai plant        

    "Investments will be about Rs 200 crore.. This will be for new Assembly line in the factory.. That will take the production to nine lakh units..," India Yamaha Motor, Deputy Managing Director - Business Expansion Group, Riuji Kawashima, said.

  • Natco Pharma up 7%, receives EIR from USFDA for Chennai plant

    The company has received a successful establishment inspection report (EIR) from the US food and drug administration (FDA) for its chemical division, Chennai, India.

  • Chennai unit to add Rs 60-70 cr/yr at full capacity by Q4: Rico

    With fairly good performance likely in both the domestic and export markets, Rico Auto should be able to grow revenue by 15-20 percent this financial year, says Chairman, CEO & MD Arvind Kapur.

  • Rajasthan plant to be operational by Q2-Q3 FY18: Rico Auto

    The funding for the Rajasthan plant will mainly be through internal accruals and if there is shortfall only then will Rico Auto approach banks, said CMD Arvind Kapur.

  • Renault-Nissan signs wage pact with workers at Chennai plant

    The company has formally signed a three year settlement agreement with its employee representative union, Renault Nissan India Thozhilalar Sangam (RNITS), Renault Nissan Automotive India Pvt Ltd (RNAIPL) said in a statement.

  • Ford to expand Chennai plant

    Representatives from Ford and Tamil Nadu government signed a memorandum of understanding at the Global Investor Meet, paving the way for a Ford campus across 28 acres land, the company said in a statement.

  • Force Motors inaugurates facility for BMW engines

    Located at Mahindra World City, about 55 km from here, the unit is the first independent plant of BMW Group that assembles and test engines. "The investment in the Chennai plant is about Rs 200 crore and it can produce up to 20,000 units premium engines every year.

  • BMW launches 3 Series Gran Turismo Sport Line at Rs 39.9 lk

    The diesel-powered BMW 320d Gran Turismo Sport Line would be locally produced at the company's plant in Chennai.

  • BMW launches new '6 Series Gran Coupe' priced at Rs 1.21 cr

    The BMW 6 Series Gran Coupe would be available across the country as a completely built-up (CBU) unit from today onwards. BMW plans to launch 15 models during this year, with four brand new models that would be imported from our global centres and the rest will be re-launches.

  • Nissan crosses 5L milestone in cumulative export from India

    Nissan Motor India, the company's subsidiary here, which exported 1.2 lakh units last fiscal is looking to at least maintain the same number this year as the European and the Middle-East markets remained a concern.

  • Essar Group makes informal offer for Nokia's Chennai plant

    The Group has made a non-binding informal offer to buy Nokia's Chennai plant at a discounted price.

  • Nokia may be allowed to sell Chennai mobile plant

    On March 3 in Parliament, Modi has indicated that the Tamil Nadu-based Nokia plant, which shut down a few months ago, is likely to start functioning again.

  • Better export sales, cost cuts aided margins: JK Tyre

    In an interview to CNBC-TV18, AK Bajoria, President & Director of JK Tyre speaks about the company's quarterly numbers. The management feels that cost cutting in areas of power and fuel improved their margins.

  • Ford India receives 30,000 bookings for EcoSport

    Auto major Ford India said that it received 30,000 bookings for its new sports utility vehicle (SUV) 'EcoSport" within 17 days of the launch of the vehicle.

  • 'HM open to talks with other auto-makers for Chennai plant'

    CK Birla group company Hindustan Motors (HM) is open to talks with other auto-makers for utilising the surplus capacity at its Chennai plant which was demerged recently, a top company official has said.

  • Daimler rolls out first set of Bharat Benz trucks in India

    Daimler India Commercial Vehicles has finally commercially launched the first set of Bharat Benz trucks in the country, a move that is expected to shake up the commercial vehicle market, dominated by Tata Motors and Ashok Leyland.

  • Action packed year for Renault, joins premium SUV race

    The French auto major Renault chose India as the first country to roll out its new SUV – The Koleos. Renualt India has now been getting ready to drive out another five new launches by next year, ranging from a small car to luxury sedans and SUVs, reports Swati Khandelwal Jain.

  • Michelin plant to start tyre production by November 2012

    French tyre giant, Michelin’s Rs 4000 crore manufacturing plant will begin producing 300,000 truck tyres in November 2012. Sandeep Srikanth of CNBC-TV18 spoke to the company’s India head, Prashant Prabhu on the company’s choice of the truck and bus segment and their growth plans in India.

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