Tata Motors has shut its manufacturing plant in
Sanand, Gujarat, where the Nano is manufactured, for between 35 to
40 days on account of low demand and a resultant inventory pile-up, as well as
an ongoing retooling activity to manufacture a new version of the Nano for the
festive season.
Mahindra & Mahindra, India's largest utility vehicle and
tractor maker is again in the race to acquire a stake in Swedish premium car
maker Saab. M&M, maker of the utility vehicle range (Scorpio, Xylo and
XUV500) and the Verito brand of cars may become a part-owner (with the
Hong-Kong based National Electric Vehicle or NEV, its current owner, as the
bankrupt car maker needs funds to maintain operations.
The Union Budget 2014-15, to be presented next month, is
likely to make a provision of Rs 250 crore for FY’15 for putting on wheels the
National Electric Mobility Mission Plan 2020 (NEMMP) announced last year, say
sources in the know. The NEMMP pushes for national energy security, mitigation
of the adverse impact of vehicles on the environment and growth of domestic
manufacturing capabilities. The plan also highlights the huge potential for
environment-friendly electric vehicle (including hybrids) technologies by
2020.
For the first time in its history, the VW Group has managed
to sell over 4 million units in the first 5 months of a year. The German
company which owns Audi, Skoda Porsche, Bentley, Lamborghini and Seat sold 4.11
millions units worldwide from January to May 2014 which is a 6.3% increase
compared to the same period last year (3.81 million units).
Honda Motor Co expects to recall more than 1 million
more vehicles with potentially defective air bags, expanding a massive,
multi-company air bag recall, according to a person with knowledge of the
matter.
Renault India will introduce its rival to the Maruti Alto in
the second half of next year, sources in the know told Indian Autos Blog. The
small car, codenamed Renault XBA, will be based on Renault-Nissan’s CMF-A
platform, which the Datsun Redi-Go will
also share.
Ferrari chairman Luca di Montezemolo may pull his team
out of Formula One because it "isn't working" and the Italian firm
may switch to sports-car competition, he told Friday's Wall Street Journal.
American bike maker Erik Buell Racing, the technical partner
of Hero Motocorp, has unveiled its new 1190SX naked superbike in the presence
of select media in Indianapolis, US.
World’s largest two-wheeler manufacturer by volumes, Hero
MotoCorp will be making its entry in the Latin American country Brazil by 2016.
The move comes as part of the company’s plans to enter 50 new markets by 2020.
Brazil is one of the fastest growing markets in South America
GM recalled 511,528 Chevrolet Camaros on Friday for an ignition switch problem
similar to the defect in the Chevrolet Cobalts and other models. Photo:
Bloomberg US prosecutors are interviewing present and former General Motors Co.
employees as part of the criminal probe into the auto maker’s ignition-switch
problem that has been linked to at least 13 deaths, two persons close to the
development said.
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