- The Mumbai-based Mutual Industries, a leading solutions
provider for engineered plastic systems, components and related services, has
inked a joint venture with Styl’monde of France, which specialises in moulding
heavy gauge vaccum formed parts. The Mutual-Styl'monde joint venture in
India, in the thermoforming process segment, has its value in the advanced
process capabilities with benefits for medium-range volume parts which demand
high aesthetics and short market life or frequent changes in product features.
The company says the use of high-performance materials such as composites, high
heat polymers in thermoforming succeeds only with such process experience to
bring out the best of applications. - See more at: http://www.autocarpro.in/news-national/mutual-industries-sets-jv-styl-monde-france-vacuum-formed-8643#sthash.V4cVGExw.dpuf
- Suzuki Motor Corporation has signed a deal with Malaysian
carmaker Proton for the assembly and sale of an entry-level model in its domestic
market, which will likely boost exports of its Indian subsidiary Maruti Suzuki.Under
the agreement, Suzuki will
supply completely knocked down (CKD) kits of cars to Proton, Malaysia's first
carmaker established in 1983, which currently enjoys a 17% market share. The
company sold about 116,000 vehicles in 2014.(Etauto.com)
- Volvo's premium hatchback, V40 has been launched in India at
a price of Rs. 24.75 lakh. The V40 is the hatchback upon which the V40 Cross
Country is based, which has been available in the country since 2013. It will
be a direct rival to other premium hatchbacks available in the market such as
the Mercedes-Benz A-Class and BMW 1-Series.(team-bhp)
- India today achieved a milestone with the signing of a motor
vehicles pact with Bhutan, Nepal and Bangladesh enabling seamless transit of
passenger, cargo and vehicles with the first stage of the USD-8 billion road
connectivity project set to begin in October. Besides, Myanmar and Thailand
have agreed to develop a motor vehicle pact on lines of the draft SAARC Motor
vehicle agreement, which will pave the way for greater economic cooperation in
the ASEAN region.(cartrade.com)
- With an eye on doubling its lubricant business by the end of
the decade, Repsol, the Spain's largest petroleum company has entered India by
announcing a partnership with GP Petroleum Ltd, a UAE based Oil Company.GP
Petroleum, which last year acquired SAH Petroleum in India is a modest player
in the domestic industrial lubricant space with its IPOL brand through this
partnership with Repsol wants to build its position in the thriving automotive
lubricants market.(ETauto.com)
- The Maharashtra government has been working hard on
providing automakers with more relief in terms of getting infrastructure in its
place. Now, according to a recent report by Autocar, setting up a production
facility in the state is going to get easier as the number of approvals
required will be reduced.Sources claim that Subhash Rajaram Desai, the state’s
Minister of Industries, spoke to Autocar Professional in an interview and said
that the reducing the number of approvals required from a colossal 76 to 25 was
high on the government’s agenda. (cartrade.com)
- Trade relation between India and Russia has the potential to
reach $30 billion , said Confederation of Indian Industries (CII).CII will be
organizing a CEO's delegation representing leading Indian Businesses at St
Petersburg International Economic Forum (SPIEF) 2015, to be held from 18-20
June, and at the India Russia Business Roundtable.(ETauto.com)
- images from autofreaks.com and bloomberg
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