- Force Motors will set up an engine manufacturing facility at Chengelpet, Tamil Nadu, the Pune-based company has informed the Bombay Stock Exchange. This follows a meeting of its board of directors held on April 29 which approved plans for this facility subject to receiving all necessary approvals.
- The president of domestic business unit for Bajaj Motorcycles, K Srinivas after a 14-year stint with the company is leaving Bajaj Auto and is moving to a non-automotive company in Mumbai. His position will be taken by Eric Vas, who was the head of Bajaj Auto Finance.
- German commercial vehicle maker Daimler AG has displaced Eicher Motors to become the third biggest truck manufacturer in India, less than two years after its debut in the country.
- Ford India has launched the 2014 Ford Endeavour today. A mild facelift exercise, the vehicle was launched internationally first in South Africa in May 2013.
- After beating Maruti Suzuki to become India’s second biggest exporter of cars, Nissan is all set to launch three cars, in a bid to drive up its domestic sales. Nissan is going to revamp its product lineup by introducing the Sunny facelift, Datsun GO Plus and the Evalia facelift this year, to increase its sales volumes in the local market.
- According to Zig Wheels, Bajaj Auto has stopped domestic sales of the Bajaj Discover 125 ST. The discontinuation of the 125 ST is attributed to poor sales performance, says the publication.
- TVS Motor Company today announced positive results for the financial year 2013-14. TVS Motor Company reported revenue growth of 21% increasing from Rs. 1775 crores in the fourth quarter of the financial year ended March 2013 to Rs 2156 crores in the fourth quarter of the financial year ended March 2014.
- It is reported that waiting period of Maruti Celerio AMT has extended from six month to eight-nine months. This was also confirmed by Mr. R.C. Bhargava, Chairman, MSIL, who said that the buyers who booked Celerio at the time of its launch will have for next year to drive home their favorite hatchback.
- SAIC Motor Corp Ltd , China's biggest automaker, plans to promote the head of its passenger car unit to become the firm's new president.
- BMW is recalling more than 156,000 cars and SUVs in the U.S. because the engines can lose power or stall.
- Mercedes is recalling 252,867 of its C-Class sedans in the United States because an electrical issue could cause the tail lights to dim or fail, according to documents filed with U.S. safety regulators.
- Tyre major Ceat today posted 3.86 per cent decline in consolidated net profit at Rs 62.42 crore for the fourth quarter ended March 31, 2014.The company had posted a net profit of Rs 64.93 crore for the same period of previous fiscal.
Image from Motoroid.com
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