Automotive Updates - 12th March 2015

• Halla Visteon Climate Control (HVCC), a full-line supplier of automotive thermal management solutions to a number of OEMs, has today officially commenced its production at its new Sanand plant in Gujarat. The plant was inaugurated by Kel Kearns, plant director, Ford India Sanand, YH Park, president and CEO, HVCC, and KT Choi, president, Korea and South Asia, HVCC among other dignitaries. The new facility, which is spread across a manufacturing area of 8,890 square metres, has a manufacturing capacity of two million units of heat exchangers, HVAC modules and air-conditioning lines. According to the official release, the plant’s production capacity can be doubled depending on market requirements in the future. With the new Sanand plant, the company now has four manufacturing facilities in India, other three being at Chennai, Pune and Bhiwadi (near Delhi) respectively. - See more at: http://www.autocarpro.in/news-national/halla-visteon-climate-control-sanand-plant-goes-stream-7904#sthash.6q6pYnLD.dpuf

• Auto component maker Precision Camshafts has filed draft papers with capital markets regulator Sebi to float an initial public offer (IPO).The proposed IPO comprises a fresh issue of equity shares worth Rs 240 crore and an offer for sale of up to 86.40 lakh equity shares, as per the draft red herring prospectus (DRHP) filed with Sebi.(Etauto.com)

• Autoliv Inc, the global leader in automotive safety systems, has been honored with Toyota's Global Contribution award. This is the automaker’s highest award for suppliers and is given in recognition of companies with outstanding performance during the past year. This is the fourth time Autoliv has received the prestigious Global Contribution Award from Toyota. Continuous improvement activities and strong collaboration with the Japanese carmaker on a global level in areas such as quality, cost optimisation, communication and engineering support are the main reasons for Autoliv being named as a top supplier by Toyota.  - See more at: http://www.autocarpro.in/news-international/autoliv-bags-toyotas-global-contribution-award-7909#sthash.7suBZqEQ.dpuf

• One of the leading tipper and commercial vehicle body manufacturers A N G Industries is realigning its business strategy to de-risk from any impending slowdown in the segment. The Delhi-based company is enhancing its presence in the aftermarket and looking at product diversification by entering into off-highway and farm products."We are looking at two things to de-risk our business, first to revive and increase our penetration in US, Europ and Latin America second is that we are entering into forestry and agricultural domain that too in the international as well as domestic markets," Premjit Singh Chadha, Managing Director, ANG Industries told ETAuto in an exclusive interview. (Etauto.com)

• Renault has launched the New Generation Duster that is offered at a lucrative starting price tag of Rs. 8.30 Lakhs (Delhi ex-showroom). The new trim is said to be loaded with all-new safety and comfort features. The new trim also boast of being laden with superior engineering technology.

• Triumph has managed to carve a niche for itself in the performance motorcycling space within a short span of time which speaks volumes about the demand for performance bikes in India. Bringing its latest products to the country, the legendary British manufacturer has officially launched the 2015 Tiger 800 adventure motorcycles with prices starting at Rs. 10.5 lakhs (ex-showroom, Delhi). The new generation motorcycles are being sold in the range-topping ‘XCx and XRx’ variants with all the tech wizardry on offer.Read more at http://www.motorbeam.com/2015/03/bikes/triumph-tiger/triumph-launches-tiger-800-xrx-xcx-priced-rs-10-5-lakhs-live/#rCq1OJJfxYKmxMT7.99