Automotive Updates - 02/05/2014
- VE Commercial Vehicles (VECV) has launched the Eicher Pro1000 and EicherPro 3000 series of light and medium duty trucks today.
- Tata Motors’ senior VP and
head (commercial) of its passenger vehicle business unit, has put in his
papers, according to sources. It is learnt that May 31 will be Arora’s
last day in Tata Motors. He had moved to Tata Motors from General Motors in
April 2013.
- Ford Motor Co has officially
announced that Mark Fields will replace Alan Mulally as company CEO on July 1.
Mulally has served at Ford for just less than eight years. The transition is
approximately six months earlier than previously anticipated, following
Mulally’s recommendation to accelerate the timetable based on the readiness of
Ford’s leadership team .
- Letco Automotive, the Tier 1
supplier of clutches to leading CV majors, and Lingotes Especiales SA
(Lingotes) of Spain have announced the formation of a 30 million euros (Rs 250
crore) joint venture over three years called Lava Cast Pvt Ltd. The JV will focus
on developing and manufacturing fully machined ferrous casting products for the
automotive and other industries.
- The upcoming Toyota Etios Cross will be made available in four variants-two petrol and two diesel, of which the former includes two engine options while the latter is the 1.4-litre D4D unit that powers the standard Liva hatchback and Etios sedan.
- Nissan Motor India is planning to introduce a redesigned Evalia MUV in the market by the end of 2014. The company claims that the vehicle has been revamped after taking consumer feedback into consideration.
- Completing its seven year stint in the Indian C-segment space, Maruti Suzuki has officially ceased production of the SX4 sedan in the country to make way for the all new Ciaz sedan that will be launched in July this year, ahead of the festive season.
- Japanese auto major Nissan reported over four-fold jump in sales in India in April at 5,301 units.
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