Tata Group's private equity (PE) fund Tata Opportunities
Fund (TOF) has bought around 15% stake in Aurangabad based auto component maker
Varroc group for $50 million (Rs 300 crore), the fund announced on Thursday,
making this its first investment outside the Tata Group companies.
Suzuki Motors has displayed the Carry LCV (Light
Commercial Vehicle) at the ongoing 35th Bangkok Motor Show. The LCV is based on
the Carry MPV (Maruti Eeco is also based on Carry) and will be coming to India
next year with a diesel engine and a petrol/CNG.
Mahindra, Nissan open to collaboration in EV space. The
collaboration, to which both companies are open, could be in the backend of the
electric vehicle (EV) business and mainly in the area of charging
infrastructure/technology.
Pravin Shah, CEO, Automotive division, M&M said that the
company is mulling 1% price hike across all products in April. He also said
that price hike is required to offset high operational costs.
Jaguar Land Rover has completed the installation of the UK’s
largest rooftop solar panel array at its new state-of-the art Engine
Manufacturing Centre at i54 South Staffordshire.
After establishing a 50:50 joint venture with Chinese
manufacturer Chery, the Chery Jaguar Land Rover’s first joint venture
manufacturing facility is set to go on stream in Q4 this year.
Despite stiff competition from the Renault Duster and Ford
EcoSport, Mahindra & Mahindra's (M&M's) best-selling sports utility
vehicle (SUV) Scorpio has regained the number one position in the Indian SUV
market for the full fiscal year 2013-14.
Renault has cut about 2,500 jobs in the first year of a
productivity deal with French unions and is on course to meet its savings
goals, the carmaker said on Thursday.
No comments:
Post a Comment