- Toyota Kirloskar Motor (TKM) launched the 2014 Toyota
Corolla Altis in India today.Bookings for the new Corolla opened in February
this year when the car was unveiled at the
Auto Expo. Since then, TKM has received about 1,300
bookings for the sedan with equal weightage for petrol and diesel models.
TKM says that the Corolla has a 3 month waiting period currently. –
indianautoblog.com
- New Delhi-based Motherson Sumi Systems Ltd (MSSL) has signed
an agreement to acquire the wiring harness business of Stoneridge Inc. through
asset purchase at transaction value of $ 65.7 million (Rs 384 crore). This
acquisition is expected to close in the third quarter of 2014, subject to
customary closing conditions. The acquired business has a turnover in the
region of $300 million (Rs 1,756 crore).
- The transaction includes six
manufacturing facilities located in Portland, Indiana; Chihuahua, Mexico; Saltillo
Mexico; and Monclova, Mexico; as well as an engineering and administrative
centre at Warren, Ohio. –Autocarpro.in
- Japanese car makers are unlikely to see a major impact on their businesses in Thailand after last week's military coup, the head of Japan's auto lobby said on Tuesday. Fumihiko Ike, chairman of Honda Motor Co and the head of the Japan Automobile Manufacturers Association, also said that appetite for investment into Thailand remains strong.-etauto
Image from livemint.com
- TVS Motor Company launched its new commuter motorcycle, TVS StaR City+ in Maharashtra. Powered by the new “Ecothrust” engine, the bike delivers 8.4 PS of power at 7,000 rpm with a torque of 8.7 Nm at 5,000 rpm. –motoroid.com
- General Motors India has said it will begin production of vehicles for the export at its Talegaon Plant in the second half of 2014. It will kick off exports with the first batch going to Chile in Latin America in the first quarter of 2015. Its first export model will be the left-hand-drive version of the Chevy Beat. The car is already built and sold in many markets worldwide. -Autocarpro.in
- The TVS BMW venture will launch two motorcycles in the latter half of 2015. A report on the Economic Times’ website says that the two bikes will be of 300 cc and 500 cc capacity.While reports earlier were suggestive of a 300 cc off-roading bike, this is the first report to claim that a 500 cc bike is in development. TVS had confirmed during the announcement of the joint venture that it would not make any bikes below the 250 cc mark. – indianautoblog.com
- The West Bengal government has called upon the management and labour unions of Hindustan Motors to conduct a tripartite meeting on the issue of the closure of the company’s Uttarpara plant.A report says that the suspension of work and the closure of the plant has left 2,500 employees without a job. The report quotes Labour Commissioner Javed Akhtar who says that the aim of the meeting would be to convince the management to lift the lock-out.- – indianautoblog.com
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