Automobile Newsletter - December 08 to 12, 2014

Mahindra is close to sign a deal with National Electric Vehicle Sweden (NEVS) which will give the Indian auto major a majority stake in the company.

Dec 12, 2014 11:12 IST India Infoline News Service

TOP NEWS
 
Domestic passenger car sales increased 9.52% in November: SIAM
Domestic passenger car sales increased 9.52% to 1,56,445 units in November as compared with 1,42,849 units in the year-ago month.

Motorcycle sales last month declined 3.05% to 8,53,254 units from 8,80,078 units a year earlier, according to data released by the Society of Indian Automobile Manufacturers (SIAM). Read More...
 
DOMESTIC NEWS
 
Mahindra plans to buy stake in Swedish NEVS
Mahindra is close to sign a deal with National Electric Vehicle Sweden (NEVS) which will give the Indian auto major a majority stake in the company. NEVS, which owns the Saab brand of cars, had run in troubled waters after buying Saab from its earlier owner in 2012. Read More...
 
Pricol to acquire Brazil based auto component company
Pricol Ltd has announced that the Board of Directors of the Company at the meeting held on December 11, 2014 has proposed to acquire 99.99% of stake in a Brazil based auto component manufacturing company through its wholly owned subsidiary incorporated in Spain. Read More...
 
Isuzu Motors India plans major expansion in volumes in India by 2016
Commercial vehicle manufacturer Isuzu Motors India, is plan for an investment of Rs. 3000 crore, aimed to ramp up its production to 1,20,000 units per annum by 2016. At the opening of a new showroom in Jaipur, the deputy MD Shigeru Wakabayashi interacted with the press and revealed the strategy of the company in the coming years. The Japanese firm, with its Indian arm plan to open 60 outlets across India by end of 2015-16. Read More...
 
Kia Motors posts 8.1% global sales growth in November
Kia Motors Corporation announced its global sales figures (export sales, domestic sales and sales from overseas plants) for passenger cars, recreational vehicles (RVs) and commercial vehicles for November 2014, recording a total of 257,487 units sold. This figure represents a 8.1% year-on-year increase. Read More...
 
Maruti gets their single largest order of Gypsy from Indian army
India's largest passenger car maker Maruti Suzuki India Ltd (MSIL) confirmed that it has received its single largest order for its iconic SUV Gypsy, of over 4,000 units, from the Indian Army.As per media reports, the financial details of the deal are yet to emerge, but the contract was finalised through central government tendering. The rate at which vehicles are being supplied to the army is different from the sale price in the domestic market. Read More...
 
Mercedes Benz plans to develop a new brand for pre-owned cars
Mercedes Benz would introduce a new brand for pre-owned cars in India, catering to the consumers who are asking for quality in this segment. Although the name of the brand has not been unveiled, reports confirmed that the new brand will be launched in the next two weeks. Read More...
 
General Motors set to hike prices for all its car models
Owing to the rising input cost, General Motors (GM) India has decided to hike the prices of its car models by up to Rs 20,000 from next month. Currently, GM has eight models of the company's current product portfolio, which it offers to the customers. Read More...
 
Jaguar XF 2.2L diesel executive edition launched
Jaguar today announced the launch of a new edition of Jaguar XF 2.2L Diesel called the Executive Edition at a price of INR 45.12 lakhs (ex-showroom Mumbai, Pre Octroi). The Executive Edition of Jaguar XF is powered by a 2.2L Diesel engine with a power output of 140 kW@3500 rpm and offers an array of features which include 8 Speed automatic Transmission, Navigation system, Full Size Spare Wheel, Full Colour Touch Screen and Jaguar Smart Key system with Keyless start. Read More...
 
M&M introduce new AC variant of Arjun Novo
Mahindra and Mahindra's (M&M) farm equipment sector is all set for its new product offering, an air-conditioned variant for their newly launched Arjun Novo tractor.  The tractor was recently launched in Gujarat. It took M&M around five years and an investment of around Rs 300 crore to produde the 57 HP tractor. Read More...
 
Sonalika attained 47% growth in Karnataka in October 2014
Commendable features like heavy duty engine, variety in HP and world class technology have made Sonalika, the first and most trusted tractor brand amongst the farmers in India. Every month with exhilarating success Sonalika is not only expanding its footprint but also making and breaking new records of success. Sonalika Tractor had grown by more than 47 % in the month of Oct 14 as compared to last year., this is the result of karnataka farmers belief in power and output of Sonalika tractor. Read More...
 
Honda’s worldwide motorcycle production reached 300 million-unit milestone
Honda Motor Co., Ltd. announced that Honda’s cumulative worldwide motorcycle production reached the 300 million-unit milestone, and held a ceremony at Kumamoto Factory, Honda’s primary motorcycle production plant in Japan, to celebrate reaching the 300 million-unit milestone. Read More...
 
Bridgestone inaugurates new exclusive select store “M/s Mazda Tyres” in Mumbai
Bridgestone India Pvt. Ltd., subsidiary of world’s largest tyre and rubber company Bridgestone Corporation, today announced the inauguration of its new exclusive Select store in Mumbai. The exclusive Select showroom was formally inaugurated by Vaibhav Saraf, Sr. General Manager, Sales and Marketing, Bridgestone India Pvt. Ltd. The Bridgestone Select store boosts of an exclusive Bridgestone retail “Identity and Sales” in line with the global retail philosophy adopted successfully across the world. Read More...
 
Maruti Suzuki Autocross returns to Mumbai in its 5th year
Maruti Suzuki, India’s leading car maker and motorsports founder is bringing the much-awaited 5th edition of Autocross to Mumbai. The high-octane 2 day event offers an exciting motorsport experience to auto enthusiasts seeking adventure. After two successful versions this year in Bengaluru and Delhi-NCR respectively, Autocross is all set to kick start in Mumbai, MMRDA grounds, on 13th December at the Autocar performance. Read More...
 
Tata Motors clarifies reports on receiving orders for 1542 Sumo Gold
Tata Motors Ltd clarified that various Government departments including law enforcement agencies have requirement for vehicles. These requirements are made public through department tenders / Government notifications. Read More...
 
Exciting finals on the cards in the concluding round of the JK Tyre Racing Championship
The stage is set, the cars are ready and the country’s best young racing talent is primed for the final showdown at the famed 5.12km Buddh International Circuit in the grand finale of the 17th JK Tyre Racing Championship this weekend on December 13-14. With over 20,000 people attending the previous round of the championship, the atmosphere is expected to be electric at India’s only FIA Grade 1 circuit. Read More...
 
Ford displays simulation suits at Autocar Performance Show
These simulation suits are medically accurate that are used by Ford’s global engineering team to give them the deepest insights into the customers’ life; particularly the ones who need the greatest empathy of all: pregnant women and elderly. These include Pregnancy Stimulator and Drunk Driving Simulator Suit. Read More...
 
Bosch concludes wage settlement with Workmen Union
Bosch Limited today announced that it concluded its wage settlement for 2013-16 with its Workmen Union - Mico Employees' Association (MEA) - on December 8, 2014. The company has informed that the illegal strike by the Union and Workmen of Banglore Plant has been called off with effect from December 9, 2014 pursuant to the conclusion of wage settlement for the period 2013-2016 between the Company and the Workmen Union. Read More...
 
JK Tyre enriches retail experience for customers in Kolkata
Further strengthening its presence in the eastern part of India, JK Tyre & Industries Limited today launched its new Steel Wheels showroom in 'The City of Joy'. The Steel Wheels showroom will be a one-stop shop for all tyre solutions and will offer a complete umbrella of tyre-specific services. Read More...
 
INTERNATIONAL NEWS
 
Honda recalls 4lakh cars on Takata air bags
Honda Motor Co said that it would recall an estimated 400,000 vehicles globally as a precautionary measure to replace potentially deadly air bag inflators made by Takata Corp.
 
Honda said the automaker would need to set aside more reserves to pay for the latest recalls. The 400,000 vehicle figure is a rough estimate, reports Honda.

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