- The $16.9 billion Mahindra Group will invest Rs 7,500 crore
in its automotive and tractor businesses over the next three years.The capex
will be spread out at an average of around %Rs 2,500 crore a year, a top
M&M official said. The capex will cover the firm's auto and farm equipment
businesses including SUVs, two wheelers, commercial vehicles and tractors.The spend will cover brand new product platforms in several segments and a
fresh product pipeline across the board.(Etauto.com)
- In what is going to be yet another remarkable development
for India’s big bike segment, Italy’s premium motorcycle manufacturer MV Agusta
is now all set to enter the burgeoning domestic big bike market. The
70-year-old premium brand will ride into India on the back of its association
with none other than the Kinetic Group, which is famously known for its widely
successful Luna mopeds and Kinetic Honda scooters. Confirming the development
to Autocar Professional, a source in the Kinetic Group said: “Yes, this is
correct. The Kinetic Group is bringing the MV Agusta brand of bikes to India
and the announcements will be made very soon. MV Agusta is known as the top of
the top-end brands in the motorcycling world and it has the potential to find a
number of buyers in India too.” - See more at: http://www.autocarpro.in/news-national/kinetic-introduce-mv-agusta-bikes-india-soon-8699#sthash.3aWqF0ks.dpuf
- Germany's Volkswagen AG, Europe's biggest automaker, is
planning to launch a sub-4 meter car in the country with the aim to cash in on
the middle class to build on its mere 2 per cent market share and drive
expansion in the quick-growing emerging market.The new car will fall in the
small but burgeoning segment for vehicles shorter than 4 metres, to take
advantage of tax breaks, and come with perks usually reserved for high-end
models, such as dual airbags and automatic gear shift.(financial express)
- Global automotive supplier Valeo has recently announced that
it has bought a 10.5% stake in Aledia, a technology start-up dedicated to the
development of cutting-edge LED technology for general and automotive
lighting. Valeo says its objective is to accelerate and expand in the
medium term its offering of innovative interior and exterior automotive
lighting solutions. "We are convinced that Aledia's 3D LED technology
together with Valeo's expertise in automotive lighting systems have the potential
to put on the market a technological breakthrough in innovative lighting
systems, perfectly in line with Valeo Lighting Systems mission to provide
performance, style and contribute to the safety of road users," said M
Martinelli, Visibility Systems Business Group president. - See more at: http://www.autocarpro.in/news-international/valeo-acquires-105-stake-led-tech-start-aledia-8691#sthash.kxCX4nCe.dpuf
- Hinduja Group’s flagship company Ashok Leyland today said
its light commercial vehicle (LCV) ‘Dost’ has crossed one lakh sales mark.In
less than three years since Ashok Leyland and Nissan formed a joint venture to
manufacture LCVs, the company has rolled out the 1,00,000th unit of Dost,
Chennai-based Ashok Leyland said in a statement.“It (Dost) is today the largest
volume brand in the Ashok Leyland portfolio, with customers, not just in India,
but across countries like Sri Lanka, Nepal, Bangladesh, Myanmar, South Africa,
Kenya, Tanzania, Mozambique, Malawi, Male and the UAE,” it added.(financial
express)
- Maruti Suzuki is expected to launch the Super Carry
(codenamed Y9T) small commercial vehicle in India this year. With the
introduction of the vehicle, the company will mark its entry into the
commercial segment in the country.The Super Carry, which is expected to rival
the Tata Ace and Mahindra Maxximo Plus, is expected to be powered by an 800cc,
twin-cylinder diesel engine. This is the same engine that has been used in the
recently-launched Celerio diesel hatchback.(team-bhp)
- Escorts Limited and Cognizant – two huge names in the Indian
engineering industry have joined hands to improve the technology and move
forward towards the company’s goal of delivering path-breaking products, instil
growth and a heart-warming customer experience. Escort will take part in this
multi-million dollar partnership, which will span for a number of years will
spread across all businesses of Escort, which includes material handling,
agri-machinery, auto components and railway equipment.(cartrade)
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