- After laying the foundation
stone for a manufacturing plant in Colombia last month, India’s leading two
wheeler maker is finalizing plans for a facility in Argentina, says a Financial
Express report.According to the newspaper’s “official sources”, the top
management of Hero Motorcorp met with Argentinian government officials last
month to firm up plans. The Argentinian plant is likely to have a local
partner.(indianautoblogs.com)
- Force Motors plans to invest around Rs 1,000 crore over the
next four years on various activities, including product development and
setting up of a dedicated facility for assembling engines for BMW vehicles. "We
are looking to invest around Rs 1,000 crore in the next four years on
technology advancement, new vehicle development and also on a dedicated engine
assembly facility for BMW in Chennai," Force Motors Managing Director
Prasan Firodia told here .(economics times)
- Home grown utility vehicle manufacturer, Mahindra & Mahindra is
expected to launch the facelift Scorpio around the festival time. A source
close to the development said, "We expect it to be launched around
October.(ETauto.com)
- Yamaha Motor Corporation (YMC) of Japan has made some key
personnel announcements in India as part of its corporate restructuring
exercise. Yamaha Motor India (YMI) will now be the regional control company for
India operations and will function as the regional headquarters and corporate
control body of India business operations for YMC. Hiroyuki Suzuki, currently
CEO and MD of India Yamaha Motor, has been appointed managing director of YMI.
He will also be the chairman of the other Yamaha Group companies in India –
India Yamaha Motor (IYM), Yamaha Motor India Sales (YMIS) and Yamaha Motor
Research & Development India (YMRI). Further, Takashi Terabayashi, deputy
MD of IYM, is to be the new managing director of IYM. The appointments are
effective from August 15. (autocarpro.in)
- Tata Sons, the promoter of the major operating companies of
the Tata group, today said it has been appointed by the Ministry of Labour and
Employment as knowledge partner for work in employability and entrepreneurship.(ETauto.com)
- In a bid to reduce the number of accidents on our roads
caused due to over-speeding trucks and buses, the Government of India is
planning to make it mandatory for new commercial vehicles to be fitted with
speed limiting devices. The limiter will restrict the vehicles' speed to less
than 80 kph.(teambhp.com)
- KTM will finally launch the RC 390 in India on the 9th of
September, 2014. The RC series from KTM has been long awaited and although many
believed the RC 200 would come first, we were quite sure that KTM would bring
the RC 390 first. The RC 200 will be launched in the subsequent months, mostly
in October. Bookings have now opened and reports of bookings being opened a few
weeks back were untrue as most dealers refused to take bookings as they had no
idea about the launch date of the bike.(motorbeam.com)
- Tata Group’s Chairman Emeritus Ratan N. Tata said in Kolkata
on Wednesday that the steps taken in 2008 with regard to the shifting of Nano
plant from Singur, West Bengal to Sanand in Gujarat, affected its
marketability.(rushlane.com)
- Honda Cars India has announced that its Amaze sedan has crossed the
100,000-unit sales mark in the domestic market. The popular compact sedan has
been the game-changer for Honda in India. Launched in April 2013, the 100,000
landmark has come up in just 16 months – the fastest in the company’s history
in India. It was with the Amaze – the first car to get Honda’s 1.5-litre diesel
engine – that the Japanese company entered the diesel market in India. The same
diesel motor now powers the new City sedan and the recently launched Mobilio
MPV. The petrol Amaze is powered by a 1.2-litre petrol motor. (autocarpro.in)
- Magna International Inc, one of the world's largest auto
parts makers, reported a higher second-quarter profit bolstered by robust
demand in North America and continued recovery in Europe.Net income
attributable to the company rose $510 million, or $2.32 per share, in the
quarter ended June 30, from $415 million, or $1.78 per share, from a year
earlier. (ETauto.com)
images from rediff.com and rushlane.com
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