The Society of Indian Automobile Manufacturers (SIAM), pushed for localisation opportunities for vendors in the conclave it hosted on the Automotive Sourcing Conclave under the theme, “Towards Building a Resilient Supply Chain.” “There is substantial potential for domestic value addition within the country. The growth trajectory is marked by advanced automotive components and R&D in… Continue reading SIAM pushes for localisation opportunities for vendors in sourcing conclave
Tag: Suzuki
Toyota to invest nearly $400m for a third plant in India
BENGALURU (Reuters) — Japan’s Toyota Motor on Tuesday said it will invest nearly $400 million to set up a third manufacturing facility in India as it looks to meet surging demand. The new plant, which will create 2,000 new jobs and be able to produce over 100,000 units a year, would take Toyota’s overall annual… Continue reading Toyota to invest nearly $400m for a third plant in India
Maruti to export made-in-India eVX overseas
Maruti Suzuki is gearing up to introduce its first electric offering, the eVX, in the Indian market sometime next year. The ground-up electric SUV will be built at the carmaker’s Gujarat plant, and it will also be exported to several markets. The eVX is being jointly developed with Toyota, which will also have its own… Continue reading Maruti to export made-in-India eVX overseas
Maruti Suzuki announces winners of its innovation programme: MAIL Cohort 8
Maruti Suzuki announced the winners of Cohort 8 of its Mobility and Automobile Innovation Lab (MAIL), a programme that is part of the Maruti Suzuki Innovation umbrella. Five start-ups were declared as the winners, namely Metadome.ai, Only Good, YeppAR, Twyn and Pushpak. The initiative aims to offer innovative solutions to enhance efficiency across business areas.… Continue reading Maruti Suzuki announces winners of its innovation programme: MAIL Cohort 8
Honda and Nissan slash rates to keep pace with BYD, EVs in overseas markets
Japanese automakers are scrambling to avoid being squeezed out of the market by BYD and other Chinese EVs. Honda and Nissan are the latest to slash rates in overseas markets to boost demand. It’s no secret that Japanese automakers are some of the biggest laggards as the industry transitions to EVs. Those same companies are… Continue reading Honda and Nissan slash rates to keep pace with BYD, EVs in overseas markets
MSIL minority shareholders give a thumbs-up to the acquisition of SMG
With close to 99% votes in favour, minority shareholders give a thumbs-up to Maruti Suzuki forthe acquisition of Suzuki Motor Gujarat. Maruti Suzuki India Limited (MSIL) minority shareholders today voted to approve the allotment of preference shares to Suzuki Motor Corp for the acquisition of Suzuki Motor Gujarat. MSIL board of directors in October had… Continue reading MSIL minority shareholders give a thumbs-up to the acquisition of SMG
MSIL minority shareholders give a thumbs-up to the acquisition of SMG
With close to 99% votes in favour, minority shareholders give a thumbs-up to Maruti Suzuki forthe acquisition of Suzuki Motor Gujarat. Maruti Suzuki India Limited (MSIL) minority shareholders today voted to approve the allotment of preference shares to Suzuki Motor Corp for the acquisition of Suzuki Motor Gujarat. MSIL board of directors in October had… Continue reading MSIL minority shareholders give a thumbs-up to the acquisition of SMG
Arctic Invent reveals its dashboard on India’s e-vehicle patent filing landscape
The dashboard highlights key players in the Indian e-vehicle patent landscape, with Honda Motor emerging as the leader with an impressive 867 intellectual property rights (IPR) holdings. IP agency Arctic Invent announced the release of the next in its series of dashboards centred on the “Indian E-Vehicle Patent Filing Landscape.” This dashboard provides a deep… Continue reading Arctic Invent reveals its dashboard on India’s e-vehicle patent filing landscape
Adventure Motorcycle Market to Reach $64.4 Billion, Globally, by 2032 at 7.5% CAGR: Allied Market Research
Growth of adventure tourism industry around the globe and rise in disposable income drive the growth of the global adventure motorcycle market. WILMINGTON, Del., Nov. 15, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Adventure Motorcycle Market by Engine Capacity (less than 500cc, 500-1000cc, and more than 1000cc), Application (Off-road, and On-road): Global Opportunity Analysis… Continue reading Adventure Motorcycle Market to Reach $64.4 Billion, Globally, by 2032 at 7.5% CAGR: Allied Market Research
87% Indians choose petrol-powered cars this festive season: CARS24 Report
This festive season India 87 percent of car buyers opted for petrol vehicles, as per a report by CARS24. The inclination towards petrol cars was primarily driven by their lower initial costs and diminished service and maintenance expenses. Additionally, regulations allow petrol cars to remain on the road for 15 years, enjoying a 5-year longer… Continue reading 87% Indians choose petrol-powered cars this festive season: CARS24 Report