Mumbai: Toyota Kirloskar Motor (TKM) on Thursday announced the launch of its first regional stockyard in Guwahati, which aims at reducing delivery time from the current 13 days to a maximum of two days for the dealers in the northeastern states. The new stockyard will significantly enhance distribution efficiency, reduce inventory costs and turnaround time… Continue reading Toyota launches first regional stockyard at Guwahati to cut delivery time
Author: Economic Times of India Online News
Tata Motors net loss widens to Rs 307 crore in Q2
New Delhi: Tata Motors on Tuesday posted a consolidated net loss of Rs 307.3 crore for the quarter ended September 30. It reported a loss of Rs 187.70 crore in the corresponding quarter last year. Firm’s total revenue from operation declined 18.19% Y-o-Y at Rs 53,530 crore during the quarter under review. Guenter Butschek, CEO… Continue reading Tata Motors net loss widens to Rs 307 crore in Q2
Vehicle sales reach 83% of 2019 figures in Gujarat
AHMEDABAD: Driving a new vehicle home is considered auspicious on Dussehra and the day indeed spelled good news for car and two-wheeler dealerships across Gujarat, with buoyant sales. According to estimates by Federation of Automobile Dealers’ Association (FADA), an estimated 11,100 vehicles were sold across Ahmedabad on Sunday. These include 8,500 two-wheelers and 2,600 four-wheelers.… Continue reading Vehicle sales reach 83% of 2019 figures in Gujarat
Brilliance Automotive parent defaults on bond payment
SHANGHAI: Huachen Automotive Group Holding Co Ltd, the state-backed parent of BMW‘s main Chinese joint-venture partner, has defaulted on a bond payment, two sources with knowledge of the situation said, highlighting the automaker’s ongoing debt woes. Huachen was unable to a repay a 5.3% 1 billion yuan ($149.6 million) private placement corporate bond that matured… Continue reading Brilliance Automotive parent defaults on bond payment
Remsons Industries acquires UK based Magal Cables
MUMBAI:Remsons Industries, an automotive cable supplier on Friday announced the acquisition of UK based Magal Cables Ltd, a part of Arlington Group Engineering systems. Remsons acquired MCL, through a wholly owned subsidiary Remsons Holding Ltd, (incorporated in UK) for Rs 33 crore which was funded through internal accruals and debt. Magal Cables Ltd (MCL) has… Continue reading Remsons Industries acquires UK based Magal Cables
Japan, Britain sign free trade deal for post-Brexit era
TOKYO – Japan and Britain signed a bilateral free trade deal Friday in the first such major post-Brexit deal, reducing tariffs on Yorkshire lamb sold in Japan, as well as auto parts for Japan’s Nissan plant. “How fitting it is to be in the Land of the Rising Sun to welcome in the dawn of… Continue reading Japan, Britain sign free trade deal for post-Brexit era
Telangana in race to attract Tesla-like EV giants
The state is gunning for mega EV investments worth US$4 billion by 2030 and has come up with a dedicated EV policy that will extend tailor-made benefits to mega and strategic projects with investments of over Rs 200 crore or employment generation of over 1,000. HYDERABAD: Days after Tesla boss Elon Musk tweeted that Tesla… Continue reading Telangana in race to attract Tesla-like EV giants
OEMs Address Global & Regional Differences of In-Vehicle Entertainment: Audio Interview
[embedded content]GlobalAutoIndustry.com’s latest Audio Interview “OEMs Address Global & Regional Differences of In-Vehicle Entertainment” features Nils Wollny. Nils is CEO and co-founder of holoride, a spin-out from Audi focusing on the next generation of in-car entertainment. At holoride, Nils is responsible for developing and executing strategies to support the company’s mission of turning transit time… Continue reading OEMs Address Global & Regional Differences of In-Vehicle Entertainment: Audio Interview
Waymo removing backup drivers from its autonomous vehicles
Waymo requires riders to wear masks and checks that masks are being worn using cameras inside the car. NEW YORK: Waymo is allowing the general public to hitch a ride in its driverless autonomous vehicles in Phoenix, expanding a service it had been quietly offering to a select group of riders for the past year.… Continue reading Waymo removing backup drivers from its autonomous vehicles
Elon Musk says Tesla to use new batteries, tech at Berlin factory; flags production risk
The company plans to start the production of Model Y at Gigafactory Berlin during the second half of 2021. Tesla Inc Chief Executive Elon Musk said the company will produce Model Y with a new structural battery design and technology at its Berlin factory next year and that could result in a “significant production risk”.… Continue reading Elon Musk says Tesla to use new batteries, tech at Berlin factory; flags production risk