Mahindra & Mahindra has chosen the state of Tamil Nadu
to set up a new manufacturing unit. An official statement regarding the same is
expected to be made in June, after the general elections in the country are
over.
Rajiv Bajaj, MD of Bajaj Auto on Thursday termed the demands
made by the workers' union in Chakan plant as 'entirely insane'.Vishwakalyan
Kamgar Sanghtana, the workers' union came out with the circular earlier this
week yet again raising the demand that all workmen at the company should be
given an option to subscribe to Bajaj Auto's equity shares at a discounted rate
of Rs 10 or else they threatened to stop work from the morning shift of 28th
April 2014. The circular issued by the Union said that each workman should be
allowed to purchase 500 shares.
For the month of March 2014, Renault managed to ship off
4,494 units of the Duster and its sibling Nissan Terrano registered sales of
3,075 units. In stark contrast, Ford’s knight in shining armour, EcoSport sold
just 3,904 units, less than Duster!
Enthused with a 47% growth in sales in 2013-14, Mercedes Benz
has now trained its guns on the high-performance and ultra-luxury AMG brand
where it hopes to double volumes this year, while opening exclusive dealerships
for the coveted brand.
Wheels India, a TVS Group company and one of the leading
wheel rim suppliers in India, is expecting better growth for the commercial
vehicle industry starting the second quarter of the fiscal. The company, which
caters to nearly all the major OEMs in India, has seen a significant fall in
demand due to the prolonged downturn, more in the CV sector.
Audi India has announced an increase in prices of upto 3
percent. The increase in price is effective from May 1, 2014.
Defiance Technologies, which provides design, engineering
and emerging technology services and solutions to the automotive industry, has
announced that it has re-appointed Subu D Subramanian as MD and CEO effective
immediately. Subu had earlier been with Defiance from its inception in 2009 to
September 2013.
Berndt Buchmann has been appointed director, Group Service
of Volkswagen Group Sales India, with effect from May 1, 2014. As the head of
Group Aftersales, he will be responsible for parts operations and warehousing,
technical service and warranty, training academy for sales and aftersales and
vehicle logistics for Volkswagen Group Sales India.
Scientists have used a powdery nanomaterial to extend the
lifespan of lithium-sulfur batteries which could increase the driving range of
electric vehicles.
After a nearly 20-year absence, Italian car maker Alfa Romeo
is returning to the U.S. market.Alfa CEO Harald Wester said Wednesday the
company plans to ship around 100 4C sports cars to the U.S. this June.
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