Tata Motors group has a net debt of Rs 50,000 crore out of which Tata Motors Ltd alone account for Rs 20,000 crore. New Delhi: Tata Sons, the promoter of major operating companies of the Tata Group, will increase its shareholding in Tata Motors to 43.73 per cent after the proposed Rs 6,500 crore preferential… Continue reading Tata Sons stake in Tata Motors to rise to 43.73% post Rs 6,500 cr preferential issue
Author: Economic Times of India Online News
VW Finance Chief outlines road map for $222-billion ambition
The seven-point plan includes strengthening individual brands such as VW, Audi and Porsche, growth in China and boosting software operations. Frankfurt: Days before production starts on Volkswagen AG’s cornerstone electric vehicle, the German manufacturer is stepping up a campaign to more than double the market value and gain investor recognition for the industry’s most ambitious… Continue reading VW Finance Chief outlines road map for $222-billion ambition
VW says it is not scouting alternative locations to Turkey plant
Earlier this month, the German carmaker said it had postponed a decision to build a car plant in Turkey FRANKFURT- Volkswagen is not scouting for alternative locations as it evaluates plans to build a new car factory in Turkey, Andreas Tostmann, VW’s production chief, told journalists in a call on Tuesday. Earlier this month, the… Continue reading VW says it is not scouting alternative locations to Turkey plant
Toyota-Suzuki working on introducing a compact battery electric vehicle in India
In November 2017, Toyota-Suzuki had finalised an agreement to manufacture and sell electric vehicles in India by the turn of the decade. TOKYO: Japanese auto major Toyota Motor Corporation (TMC) is working with compatriot Suzuki Motor Corporation (SMC) to introduce a compact battery electric vehicle (BEVs) in the Indian market at an early stage, said… Continue reading Toyota-Suzuki working on introducing a compact battery electric vehicle in India
MG Motor India partners with eChargeBays for EV charging infrastructure
Speaking on the collaboration, Rajeev Chaba, President & Managing Director, MG Motor India, said, “The government’s recent announcement around creating charging amenities for customers at public places is a positive step for the EV industry.” New Delhi: MG Motor India has joined hands with eChargeBays, a Delhi-based startup to assist the customers with last-mile assistance… Continue reading MG Motor India partners with eChargeBays for EV charging infrastructure
Subaru recalls some Forester vehicles due to airbag issue
Owners will be notified of the recall starting on November 29. Subaru is recalling more than 350,000 Forester vehicles with heated seats because an electrical connection in the front passenger seat may loosen and deactivate the airbag even though the seat is occupied. Subaru said the recall includes Forester vehicles from 2015 to 2018. The… Continue reading Subaru recalls some Forester vehicles due to airbag issue
Former GM executive Jaime Ardila joins Ola Electric
The founder of Hawksbill Group, a diversified business and communications consulting firm, Ardila was the Executive Vice President and President, South America Operations, General Motors. New Delhi – Ola Electric Mobility on Friday announced the appointment of auto industry veteran and former General Motors (GM) executive Jaime Ardila as a member of its board of… Continue reading Former GM executive Jaime Ardila joins Ola Electric
Hyundai, Kia earmark $760 mln to settle U.S. lawsuits over engine fires
Hyundai and Kia, together the world’s fifth-biggest automaker by sales, recalled nearly 1.7 million vehicles in the United States to address the possibility of engine fires. SEOUL: Hyundai Motor Co and affiliate Kia Motors Corp have earmarked 900 billion won ($758 million) to settle U.S. class action litigation and address engine-related issues in the United… Continue reading Hyundai, Kia earmark $760 mln to settle U.S. lawsuits over engine fires
Volkswagen Group India consolidates into Skoda Auto Volkswagen India
The new entity will be led by Gurpratap Boparai, who will assume the role of its Managing Director New Delhi: Skoda Auto led Volkswagen Group India on Monday announced the transformative merger of its three passenger car subsidiaries – Volkswagen India Private Limited (VWIPL), Volkswagen Group Sales India Private Limited (NSC) and Skoda Auto India… Continue reading Volkswagen Group India consolidates into Skoda Auto Volkswagen India
Toyota Kirloskar Motor to eliminate plastic usage from manufacturing process
The company has announced that it will ensure zero waste to landfills. Also, the company is aiming to achieve recyclability of 96 per cent at its Bidadi plant in Karnataka. ( Representational Image) New Delhi: Toyota Kirloskar Motor has announced its move to eliminate plastic usage from the manufacturing process. The company has announced that… Continue reading Toyota Kirloskar Motor to eliminate plastic usage from manufacturing process