- Federal-Mogul Holdings Corporation has renamed its Vehicle
Components division as ‘Federal-Mogul Motorparts’. This is the next step in its
ongoing strategy to drive the global growth of its premium products and leading
brands. The new Federal-Mogul Motorparts name and logo will be rolled out
globally effective immediately, leading into new marketing campaigns for its
product brands.
- Mahindra and Mahindra Ltd is considering investing
about 40 billion rupees ($684 million) in a new factory, a top executive said
on Friday, as it readies new models for an anticipated pickup in sales.
- :Honda Cars India has pinned its hopes on Mobilio and
Jazz, its new models to help the company deliver "good double digit
growth' in the current financial year (FY15), a senior Honda Cars executive
told ET Auto.
- The Ashok Leyland Jan Bus has been launched.
- Hero MotoCorp is more than doubling production of some
variants of the top-selling ‘Splendor’ range of motorcycles to meet high
domestic and export demand. The move is expected to help the two-wheeler market
leader regain the crown of the top-selling model in the domestic market, which
the Splendor lost to erstwhile partner Honda’s Activa scooter a few months ago.
- Three-wheeler maker Atul Auto today reported a 15 per cent
jump in net profit at 29.79 crore in the full fiscal ending March 31, 2014 on
the back of higher demand for its vehicles.
- The 50:50 joint venture between off-road vehicle maker Polaris India and Eicher
Motors is developing personalised transport solutions that also have
off-roading capabilities. A report on cardekho quotes Polaris India’s country
head and managing director, Pankaj Dubey, who says that in the next 3-5 years
more vehicles can be expected from Polaris India.
- Maruti Suzuki has confirmed that it has received orders for
around 58,000 units of the Maruti Celerio, launched at the Auto Expo 2014. A
report on the Economic Times quotes Mayank Pareek, senior executive officer at
Maruti Suzuki, who says that about 28,000 units of the Celerio have been
delivered as of now. A future 30,000 bookings are in hand with the company.
- Ashok Leyland is set to begin exports of the Boss intermediate commercial
vehicle (ICV) from June 2014. Since the vehicle’s launch in the domestic market
last year, the Boss has sold around 1,000 units till now. Plans are also
underway to assembly the Boss in the company’s Dubai facility. Meanwhile, the
CV maker has received an order for 1,600 units of the front-engined, fully
flat-floor Janbus for different State Transport undertaking (STUs). Deliveries
are slated to from next week onwards.
- Tata Motors is looking to triple its exports of commercial
vehicles over the next 3 years. At present, the company exports roughly 50,000
units annually and this figure is likely to go up to 1.5 lakh units by 2017.
Tata Motors will begin exporting the Prima range of trucks to new markets
before the end of this fiscal.
- Wabco India, which manufactures braking products and advance braking systems
and related air-assisted products and systems, has launched its OptiDrive
automated manual transmission (AMT) system for buses and trucks in India.
- KSPG AG, which ranks among the world's 100 biggest auto
industry Tier 1 suppliers, has announced record Q1/2014 sales of 666 million
euros (Rs 5,344 crore), year-on-year up 64 million euros (Rs 513 crore). This
marks an 11 percent increase, outgrowing the 5-percent global car production
gain. EBIT for the period advanced by 20 million euros (Rs 160 crore) or 74
percent to 47 million euros (Rs 377 crore).
- Optare, Ashok Leyland’s subsidiary in the UK, has launched
the MetroDecker, its new double- decker bus in London. Designed and built at a
modern assembly facility in Leeds, the MetroDecker leverages Optare’s extensive
experience and engineering capabilities and boasts exceptional build-quality,
comfort and optimised operational efficiency.
- Shiroki Corporation and Technico Industries Ltd have entered
into binding agreements allowing them to exit the current relationship and hive
off their seat and window regulator business into a joint venture, Shiroki
Technico India. The JV will be held 51 percent (50 percent +1) by Shiroki and
49 percent (50 percent -1) by Technico with an investment outlay of Rs 150
crore over the next two years. The JV has been approved by the Board of both
the companies and is expected to be operational in early 2015.
