The Karnataka government has told Toyota Kirloskar Motor
(TKM) and the agitating workers union to end their standoff and restore
normalcy in the car manufacturing plants in Bidadi industrial estate, near
Banglaore. Out of TKM’s total workforce of 6,500 employees, around 4,200
workers are attached to the TKM Workers Union. Talking to Autocar Professional
at around 1.00pm today, R Sathish, general secretary of TKMWU, said the
government has issued an order prohibiting the lockout at both the car
factories in Bidadi.
Justifying all its demands, including allocation of CSR
funds for the education of employees' children and construction of a museum in
the memory of the company's founder, Bajaj Auto employees union today said the
management was exhibiting a 'prejudiced' mindset.On Thursday, Bajaj Auto
managing director Rajeev Bajaj said the management will not tolerate another
agitation at the company's Chakan plant and termed the union's demands as
"insane and preposterous".
In line with its aggressive overseas market gameplan to have
a footprint in 50 countries by the year 2020, Hero MotoCorp has launched
operations in neighbouring Bangladesh through a joint venture with the local
Nitol Niloy Group. It has also revealed plans to set up a 150,000 unit
capacity manufacturing plant there, its first in a foreign country.
Tractors have brought some cheer, as well as hope, to the
nation's otherwise gloomy automotive industry. Tractor sales in India rose 20
per cent to an all-time high of 6,33,656 units in fiscal 2013-14, a year when
passenger car sales slumped 6 per cent and commercial vehicles posted an even
sharper drop.
Nissan Motor India has overtaken Maruti Suzuki to become the country's
second largest car exporter with a 17 per cent increase in shipments
in 2013-14. Hyundai Motor India continues to retain the top spot.
Mr. S. Chandramohan, President & Group CFO, Tractor
& Farm Equipment Ltd., has been elected Vice Chairman of the CII Chennai
Zonal Council for 2014-15.
Jaguar Land Rover, the UK's leading manufacturer of premium
vehicles, has achieved a prestigious 2014 Queen’s Award for Enterprise in
International Trade, reflecting sustained sales success driven by global
exports to over 170 countries.
For the second time in less than a year, Honda has beaten Hero’s dominance in
two wheeler market. Hero has been the proud owner of the title for India’s best
selling two wheeler for many years now. But, in FY 2013/14, this title has
belonged to Honda, for two times.
Hyundai's compact SUV- Hyundai ix25 finally sees the light of the day; Hyundai
made the world debut of its compact SUV ix25 at the on going 2014 Auto China –
13th Beijing International AutomobileExhibition. The ix25 is India bound and is
one of the highly anticipated product of Hyundai especially, for the developing
markets like China and India. The compact SUV will hit the Chinese market in
the second half of 2014 while it'll make way in the Indian market by the end of
this year or by early 2015. When launched, the vehicle will compete against the
Ford EcoSport, Renault Duster and Nissan Terrano.
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