The investigation comes six months after the US Environmental Protection Agency said it would review diesel vehicles following an admission from Volkswagen that it installed software in cars allowing them to emit up to 40 times legally permissible level of pollution.
The tie-up between Peugeot and Tata Motors could include the Indian company producing and distributing the French carmakers' vehicles in the country, the Economic Times reported, quoting several people close to the development.
It is becoming increasingly clear that India is going to play a very key role in the global alliance between General Motors and Peugeot Citroen. Sources say that the two companies are currently discussing the viability of Peugeot Citroen using General Motor India’s Halol facility in Gujarat, reports Ronojoy Banerjee of CNBC-TV18.
2011 has been a rocky year for Japan and its auto sector. But the Tokyo Motor Show didn't disappoint. There were 176 exhibitors from 12 countries. That's more than last year. And the theme of the show was green technology, reports CNBC-TV18’s Swati Khandelwal Jain.
French auto major PSA Peugeot Citroen is likely to announce soon plans to set up a manufacturing facility in Bol village of Sanand taluka near here, with an investment of Rs 4,000 crore.
After 10 years, French carmaker, Peugeot Citroen, is all set to re-enter India. CNBC-TV18’s Swati Khandelwal Jain reports.
Steel Strips Wheels has bagged an order for 6 lakh wheels. The order is expected to generate revenues to the tune of USD 9 million over a five year span. The company, however, has scaled down their revenue guidance for this year.