Troubled Hindustan Motors (HM) is pinning hopes on its
recent divestment of the Chennai plant and has initiated talks with global
automobile firms to set up a joint venture there. The Chennai plant
manufactures cars under licence from Mitsubishi Motors of Japan.
The management-employees standoff over lockout at Toyota
Kirloskar Motor's two plants at Bidadi near here persisted today even as one of
the employees on indefinite hunger strike was hospitalised owing to low blood
pressure
Automobile manufacturers' demand to introduce a policy
for mandatorily scrapping older vehicles has been met with an opposition from
road transport and highways ministry. While Society of Indian Automobile
Manufacturers (Siam) had proposed 1996 as the cut off date, which many feel was
aimed at pushing sales of new personal vehicles, government agencies have
recommended that fitness test results should be the basis for phase out.
Titan Company's smallest business vertical, Precision
Engineering, aims to record a ten-fold growth by 2019, during which time a
possible decision to carve out the vertical as a separate company would also be
made by Tata Sons.
Nissan has launched the Datsun brand in Russia with the
introduction of the On-Do sedan. With this, Russia becomes the first
market where all of Nissan’s three brands – Nissan, Infiniti and Datsun .
Suzuki Motorcycle India Ltd., a subsidiary of one of the
world’s leading two-wheeler manufacturer Suzuki Motor Corporation, registered
an 19% increase in their March 2014 sales figures as compared to March 2013.
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