- Uno Minda, a Delhi-based auto components maker, has formed a
joint venture with Kosei Aluminum Co. Ltd, a Japanese alloy wheel maker, to
manufacture and sell alloy wheels in India, the Indian firm said in a note on
Thursday. The companies have a plant operating in Chennai since 2010. The new
project will be set up with a total investment of Rs.200 crore, with Uno Minda
holding a 70% stake and Kosei Aluminum 30%. The new company, called Minda Kosei
Aluminum Wheel Pvt. Ltd, will be established in Bawal, Haryana, and will
manufacture aluminium alloy wheels for car makers in India, including Mahindra
and Mahindra Ltd and Maruti Suzuki India Ltd. Read more at: http://www.livemint.com/Companies/KWoTBYVB2c6mFBRX0lfF9M/Uno-Minda-Kosei-Aluminum-in-JV-to-manufacture-sell-alloy-w.html?utm_source=copy
- Japanese motorcycle giant Yamaha will join the four-wheel
market by launching small cars in Europe as early as 2019 to meet rising demand
for energy-efficient vehicles, a company official said today.The firm has been
mulling manufacturing four-wheel vehicles for years, exhibiting a prototype
1,000 cc engine car and an electric-car battery at the 2013 Tokyo Motor
Show.(financial express)
- Mahindra group's auto component arm, Mahindra CIE Automotive
is closing down a manufacturing unit in Germany as part of a turnaround
strategy in Europe. Mahindra Forgings Europe (MFE), the Germany-based arm of
Mahindra CIE Automotive, has decided to close down its unit Jeco Jellinghaus
Gmbh, based in Gevelsberg, in north west of Germany over the next six months,
Mahindra CIE Automotive said in a filing to BSE.Jeco Jellinghaus is continuing
to face pressure on profitability due to a combination of fluctuating market
requirements and some internal inefficiencies.(ETauto)
- German auto component supplier ZF introduced 74 locally made
parts in India last year alone. These steering and suspension components for
mass market models were introduced under its Lemforder brand. “Along with the
growth of local cars, there’s growth in the sales of European cars in the mid-
to premium segment where we have our core business in,” says Markus Wittig,
regional GM – aftermarket, ZF Asia Pacific. Wittig expects the Indian
automotive aftermarket to see strong growth in the next two years as the
average age of new-generation cars goes beyond five years or so. ZF, which
commissioned a new Rs 150 crore plant in Pune at the beginning of February and
has a strong presence in commercial vehicles with its transmissions, also plans
to introduce its ‘workshop concept’ in India. - See more at: http://www.autocarpro.in/news-national/zf-prepares-growth-indian-automotive-aftermarket-7791#sthash.EHMytG78.dpuf
- Germany-based the supplier of high-quality engine oil and
car care products Liqui Moly appoints Anand Group as its new distributor in
India, the company said in a press release."This lays the foundation for our future success in India," said
Michael Karl, Export Area Manager at Liqui Moly who is responsible for the
business in India. Liqui Moly produces motor oils and additives along with car
care products, service products, greases and pastes.(ETauto.com)
- Tata is now considering to launch the second generation Nano
with a bigger engine, broader appeal, a more upmarket image and higher price
tag to help improve its poor sales. They are trying to change its current
image from the most cheapest car and re-position it to offer unique
features to help make it stand out from its rivals.Ratan Tata feels
proud that they were able to fulfill a promise that they made to the
nation to offer a car so affordable, that low-income Indian families
will be able to have safer transportation alternatives than motorcycles. Tata
is looking to sell the vehicle in new markets like Indonesia and a few African
nations and still believes that the Nano will be able to live up to its
forgotten expectations.Read more at
http://www.motorbeam.com/2015/02/cars/tata-nano-cars/next-generation-tata-nano-to-get-bigger-engine-higher-appeal/#jQhTML5uw5sARdKM.99
- Ashok Leyland introduced the rebadged version of the Evalia
MPV as the Stile in the country. The company aimed to improve its sales,
however the car failed to generate volume. Ashok Leyland has managed to sell
around 1000 units only of the Stile multi-purpose vehicle in the country since
its launch in October 2013. In order to improve its sales, the home-grown
commercial vehicle maker is now aiming to launch the facelifted version of the
MPV.(cartrade.com)
images from mahindra.com and businesstoday
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