In what is a reflection of India’s growing stature in the global scheme of things for the Hyundai Motor Group, Hyundai Motor Group Executive Chairman Euisun Chung visited India on August 7-8 to review the Korean automaker’s strategy which lays the foundation for its future growth in the Indian market. India, which is one of… Continue reading Hyundai and Kia target sales of 873,000 units in India in CY2023
Tag: Suzuki
Internal combustion engines won’t go away anytime soon, no plans for hybrids, says Tata Motors’ N Chandrasekaran
Natrajan Chandrasekaran, the Chairman of Tata Motors says while there is a big push towards electric vehicles, the internal combustion engine is not going to go away anytime soon. Chandrasekaran was addressing the shareholders at the 78th Annual General Meeting on Tuesday. The focus on multi powertrain has helped the brand bring in incremental sales… Continue reading Internal combustion engines won’t go away anytime soon, no plans for hybrids, says Tata Motors’ N Chandrasekaran
Tata Motors to launch 4 new EVs in a few quarters, says Chairman, N Chandrasekaran
Natrajan Chandrasekaran, the Chairman of Tata Motors said by 2030, 50% of Tata Motors passenger vehicles and 65% of JLR vehicles will run on green technology. Chandrasekaran said the company has extensive product launch plans for the passenger vehicle business as well as Jaguar Land Rover. Tata Motors has committed over US$2 billion for Tata… Continue reading Tata Motors to launch 4 new EVs in a few quarters, says Chairman, N Chandrasekaran
Indian representation set to grow in Maruti Suzuki management post acquisition of Suzuki Motor Gujarat
The number of Indians in the country’s largest car maker, Maruti Suzuki, will see a steady but incremental increase in the coming years following its proposed acquisition of parent’s subsidiary Suzuki Motor Gujarat, top executives of the company said. The move will also groom and prepare Indian talent to manage the transition towards Zero emission… Continue reading Indian representation set to grow in Maruti Suzuki management post acquisition of Suzuki Motor Gujarat
Honda SP160 now on sale, priced from Rs 1.18 lakh
Honda has launched its third offering in the 160cc space, the new SP160, and priced it between Rs 1,17,500 and Rs 1,21,900. This means it slots right in between the Unicorn and the XBlade in terms of price. In terms of appearance as well, it sits between these two Hondas – the Unicorn is a traditional, old-school commuter, while the… Continue reading Honda SP160 now on sale, priced from Rs 1.18 lakh
Japan’s Suzuki to get bigger stake in India’s Maruti after sale of plant
Maruti Suzuki, India’s top automaker by sales, said on Tuesday it would pay Suzuki Motor in preference shares to take over a local manufacturing plant in a deal that will also boost the Japanese automaker’s stake in the company. The share allotment will boost Suzuki’s stake in the Indian automaker by about 1.8%, Maruti’s chief… Continue reading Japan’s Suzuki to get bigger stake in India’s Maruti after sale of plant
UAE Motorcycle Markets, Trends, Competition, Forecasts & Opportunities, 2018-2022 & 2023-2028
DUBLIN, Aug. 8, 2023 /PRNewswire/ — The “UAE Motorcycle Market, By Propulsion (ICE, Electric), By Type (Standard, Cruiser, Sport), By Region, Competition Forecast & Opportunities, 2018- 2028F” report has been added to ResearchAndMarkets.com’s offering. The UAE Motorcycle Market has been steadily growing, reaching a valuation of USD 115.09 million in 2022, and is projected to maintain… Continue reading UAE Motorcycle Markets, Trends, Competition, Forecasts & Opportunities, 2018-2022 & 2023-2028
Maruti Suzuki to acquire SMG shares through equity swap
Maruti Suzuki announced that its board had convened on July 31, 2023, and had approved the termination of the contract manufacturing agreement (CMA) with SMG. New Delhi: Maruti Suzuki, the leading automobile manufacturer in India, is set to acquire the shares of Suzuki Motor Gujarat Private Limited (SMG) from Suzuki Motor Corporation (SMC) through an… Continue reading Maruti Suzuki to acquire SMG shares through equity swap
Maruti Suzuki to issue equity shares to Suzuki Motor Corp to acquire Gujarat subsidiary
The Maruti Suzuki Board has approved issuance of equity shares of the company on a preferential allotment basis to Suzuki Motor Corporation (SMC), as consideration for the acquisition of 100% stake of SMC in Suzuki Motor Gujarat Private Limited (SMG), announced on July 31. If the shares are allotted at a current market price, this… Continue reading Maruti Suzuki to issue equity shares to Suzuki Motor Corp to acquire Gujarat subsidiary
Fiat could make a comeback in India
The Stellantis Group, which operates Jeep and Citroen in India, is likely to leverage its STLA Medium (M) platform to bring back the Fiat brand to India. Unveiled earlier last month, Stellantis’ STLA M platform is understood to be making its way to India with the next-gen Jeep Compass in 2026 along with Citroen’s next-generation models, which will also use the… Continue reading Fiat could make a comeback in India