The Auto World This Week | Top Auto Stories from India & the World – Aug 16 , 2019

World Auto Forum connects the Auto Industry in 125 Countries. WAF gets you the important auto news of the week from India and round the world!



INDIA AUTO NEWS



The New Age Auto CMO by Avik Chattopadhyay Co Founder Expereal

Indian Government Working On A Revival Plan For Auto Industry; 10 Lakh Jobs At Risk
Over 3.5 lakh people have lost their jobs across the Indian auto industry, with 2 lakh people losing jobs from auto dealerships ..

A stimulus is needed but does the auto sector deserve one?
Tax cuts would work best if they are broad-based and do not favour one sector or two over the rest

Mukesh Ambani says ongoing slowdown ‘temporary’
Describing the fundamentals of the Indian economy as strong, Reliance Industries Ltd (RIL) chairman Mukesh Ambani on Monday said…


Renault Triber: Launch, expected price, features, specifications, other important details you need to know
Renault Triber will be an important addition to the company’s product portfolio that currently comprises …

App-based cabs under fire over women’s safety
On July 31, the Supreme Court asked the Centre to consider framing law to regulate app-based taxi service providers, keeping in mind the safety of women passengers.



GLOBAL AUTO NEWS

PSA, Dongfeng to drop two China auto plants, halve workforce – document
Peugeot maker PSA Group (PEUP.PA) and partner Dongfeng Group (0489.HK) have agreed to cut thousands of jobs…

Malaysia launches new car project to jumpstart high-tech growth
Malaysia launched a new mass market car project on Friday, as it looks to boost development and adoption of high technology…

How Bosch aims to win in electrified era
Robert Bosch aims to be a key player as the industry moves toward self-driving and electrified vehicles, but the supplier expects that clean gasoline and diesel engines will be around 

VW, BMW, Nissan, others in talks to pull South Africa into electric-car era
Volkswagen Group, BMW and Nissan are among automakers in talks to bring the electric-car revolution to South Africa…

Automaker Mahindra considers second US plant in Michigan
Indian automaker Mahindra and Mahindra Ltd said on Thursday it plans to open a plant in Flint, Michigan, to make vehicles including mail delivery trucks…

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The Auto World This Week | Top Auto Stories from India & the World

 


World Auto Forum connects the Auto Industry in 125 Countries. WAF gets you the important auto news of the week from India and round the world!

INDIA AUTO NEWS

Top Digital Strategies to fight Automotive Slowdown

Kia Seltos receives more than 23,000 bookings
Kia Seltos is getting more and more popular with every passing day. The upcoming SUV not only looks stunning but is loaded with features as well…



Getting into nuts and bolts of building electric vehicles to be next challenge
Tarun Mehta, co-founder and CEO of Bengaluru-based electric vehicle startup Ather Energy, says component makers who want to set up shop in India get little support from the government…

Maruti Suzuki cuts production by 25% in July, 6th month in a row
Maruti Suzuki India cut its production in July by 25.15%, making it the sixth month in a row that the country’s largest car maker reduced its output, according to a regulatory filing…

How Ola got SoftBank and Tiger to invest in Ola Electric on its own terms
When Ola Electric Mobility Pvt. Ltd, the electric vehicle unit spun off from ride-hailing startup Ola, said in July that it had raised about $250 million from SoftBank Group Corp…

Minda Corp gets NCLT nod for merging five subsidiary companies
National Company Law Tribunal (NCLT) has approved the scheme of amalgamating five wholly-owned subsidiaries of leading auto component manufacturer…

GLOBAL AUTO NEWS

Automotive Sector Tops R&D Spending in Japan
Japan’s auto industry is ramping up r&d investment to confront the once-in-a-century technological upheaval triggered by electrification, connectivity and autonomous driving…

Hyundai Canada probing case of Kona EV fire, explosion
Hyundai Canada says it has spoken with Transport Canada and a customer in Montreal who said his electric Hyundai Kona exploded while parked in a garage…

US Congress seeks jumpstart of the stalled bill of Self Driving Cars
Two key committees in Congress on Tuesday said they will revive efforts to pass long-stalled legislation to speed the adoption of self-driving cars…

GM faces declining sales and price wars in largest markets
General Motors investors will see on Thursday how the Detroit carmaker is weathering declining sales and mounting price pressures in its largest markets when it reports second-quarter earnings…

Home market still a dream for African automakers
Mobius is among a number of African firms hoping for a slice of the continent’s largely underdeveloped market for new cars…

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How to take Digital beyond Lead Gen | The Auto World this Week

 

World Auto Forum connects the Auto Industry in 125 Countries. WAF gets you the important auto news of the week from India and round the world!

INDIA AUTO NEWS



How to take Digital beyond Lead Gen ? Mantras for Sales & Consumer Engagement

Road Ministry proposes implementing traceable technology for vehicle components
All the components used in a vehicle can be traced to their original component manufacturer, if a Road Ministry’s draft notification were to be implemented…

Rajya Sabha Passes Motor Vehicles Amendment Bill With Two Amendments By Union Minister
The Rajya Sabha on Tuesday passed the Motor Vehicles (Amendment) Bill 2019 with two amendments introduced by the Union Minister…

 

SBI says will resolve FADA woes to support auto retail
The country’s largest bank, State Bank of India (SBI), the Federation of Automobile Dealers Associations (FADA) and Mumbai auto dealers held a meeting in Mumbai on July 29, to discuss the current state of auto retail…

Tata Motors to launch 4 new electric vehicles in India by 2021-end, Nexon EV to be one of them
Tata Motors will launch as many as four new electric vehicles (EVs) in India over the next 12 to 18 months…



GLOBAL AUTO NEWS

No-deal Brexit threatens UK car production, industry warns Britain’s new prime minister
LONDON — A no-deal Brexit is an existential threat to the British car industry and would risk output, the Society of Motor Manufacturers…

Europe is beating the US in the battery race—with China’s help
The biggest reason we hear so much about electric cars is because of the falling costs of batteries. Lithium-ion batteries today cost less than one-fifth as they did in 2010. Within the next five years, some experts…

Getting under the hood of Amazon’s auto ambitions
Amazon.com Inc is expanding its transportation prowess to do virtually everything short of building a car. While Amazon founder and CEO Jeff Bezos has said little publicly about the company’s ambitions in the sector…

Fiat Chrysler defies slowdown thanks to North America performance
Fiat Chrysler (FCHA.MI) (FCAU.N) took the market by surprise by sticking to its full-year profit guidance on Wednesday after a strong performance from its RAM pick-up brand…

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Uber and Sun Mobility to deploy E-Three Wheeler in India | The Auto World this Week

 

World Auto Forum connects the Auto Industry in 125 Countries. WAF gets you the important auto news of the week from India and round the world!



INDIA AUTO NEWS

Uber and Sun Mobility come together to deploy e-three wheeler in India
Chetan Maini-led Sun Mobility and ride hailing application Uber Technologies on Wednesday announced their partnership

 
Hyundai eyes pole position in Indian SUV market, to boost production at Chennai plant
If the writing on the wall wasn’t clear earlier, Hyundai Motor India is drawing circles around it for the world to see — the South Korean auto giant wants pole position in the Indian SUV segment…

Amid auto slump, components sector sees 8-10 lakh job cuts
The decline in growth in the auto industry over the past 11 months has affected the components industry as well. It has resulted in the laying off of 8-10 lakh contract employees in recent months in the auto parts sector…

Tata Motors Q1 loss doubles to ₹3,680 crore on JLR woes
Tata Motors Ltd (TML) has nearly doubled its consolidated net loss in the June quarter weighed down by woes at its Jaguar Land Rover (JLR) unit…





 

ALEN Experts Panel 1: Fast Evolving Regulatory Landscape : CCI, New Safety Rules. MV Amendment Bill, BS-6 : Challenges, Caveats, Opportunities for Business & Competitive Advantage



GLOBAL AUTO NEWS

The electric car revolution is coming. This is what has to happen first
when a major automaker unveils an electric car it gets a lot of press. That’s because electric cars are cool, special and futuristic...
Tesla needs more time to turn profit; founding engineer steps down
Tesla Inc (TSLA.O) on Wednesday pushed back its profit timeline once again after missing financial targets in the second quarter, while announcing that the pioneer of the company’s electric batteries…

Toyota to invest $600 million in China’s Didi, new JV to develop mobility services
Toyota Motor Corp said on Thursday it will invest $600 million in Chinese ride-hailing giant Didi Chuxing as well as a new joint venture as the companies…

VW Group profit rises 30% as SUV push pays off
Volkswagen Group’s second-quarter operating profit rose 30 percent despite a drop in vehicle sales, helped by VW brand’s higher-margin SUVs and rising volumes at Porsche and Skoda…

Ford profit drops 86% as Europe restructuring takes a toll
Ford’s second-quarter net income plummeted 86 percent to $148 million as the automaker took special charges related to its restructuring in Europe and other markets…

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The Auto World this Week | 7 Pros inducted to ‘India’s Finest Auto CMO Club

World Auto Forum connects the Auto Industry in 125 Countries. WAF gets you the important auto news of the week from India and round the world!

INDIA AUTO NEWS

7 Pros Inducted to India’s Finest Auto CMOs Club | Auto CMO Roundtable a HUGE Success

How Exide and Amara Raja are bucking the trend in auto sector
Together, the two account for about three-fourths of the replacement market sales that has better realizations than OEMs…



 

The CSI Journey by Subhajit Roy Head After Sales Tata Motors PVBU
 

MG Hector SUV Bookings Suspended Temporarily, 21000 Cars Booked Till Now
After receiving an overwhelming response for the HECTOR, MG Motor India today announced that it has taken a decision to halt the bookings temporarily, keeping in mind the company’s commitment…



Commercial vehicles among the worst placed in auto slowdown
Ashok Leyland Ltd announced this week a nine-day shutdown at its Pantnagar plant due to “weak demand and outlook for the industry.”…

Hero Electric looks at fivefold expansion in output capacity
Hero Electric, one of the largest electric scooter manufacturers in India by sales, plans to expand its capacity from 100,000 units per annum at present to 500,000 units as the demand…



GLOBAL AUTO NEWS

UAW president to GM: We invested in you, now invest in us
The UAW and General Motors Co (GM.N) on Tuesday formally kicked off contract talks, with the union’s president calling on the automaker to keep open plants it has slated for closure and to invest…

BMW picks ‘decisive’ Zipse as CEO to catch up with rivals
BMW (BMWG.DE) named Oliver Zipse as its new chief executive late on Thursday, praising his “decisive” qualities after the carmaker lost its edge in electric cars and ceded the premium sales crown to Mercedes under his consensus-seeking predecessor…

Volkswagen to contribute $2.6 billion to Ford’s autonomous venture: source
Carmaker Volkswagen (VOWG_p.DE) will inject $1 billion in capital and $1.6 billion worth of assets into Ford’s (F.N) self-driving unit, a source close to the matter said on Friday, as the two carmakers deepen a global alliance to share costs…

Renault forms Chinese electric vehicles venture with Jiangling Motors
Renault has formed a joint venture partnership with Jiangling Motors Corporation Group (JMCG) to target the Chinese electric vehicles (EV) market, in a deal…
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The Auto World this Week | Top Motown Stories from India & the World

 

World Auto Forum connects the Auto Industry in 125 Countries. WAF gets you the important auto news of the week from India and round the world!

INDIA AUTO NEWS

Budget 2019: Auto industry rues lack of measures to help it come out of slowdown
The industry, while welcoming government’s push to promote electric vehicles through various policy measures, also sought similar kind of incentives…

Hero MotoCorp gears up for future mobility trends with new leadership team
Hero MotoCorp, the world’s largest, on Tuesday revamped its leadership team to stay ahead of the emerging mobility trends.

Tata Motors global wholesales down 5 pc at 95,503 in June
Tata Motors Group said on Thursday its global wholesales in June including Jaguar Land Rover totalled 95,503, lower by five per cent in the year-on period. Wholesales of all Tata Motors commercial vehicles…



Hyundai Kona for Rs 25 lakh or Hyundai Creta for Rs 16 lakh: Which will save you more money in long term?
Hyundai Kona has become the talk of the town following its launch in India on July 9. Although the electric SUV has been introduced at a hefty price

Relief for Mumbaikars amid heavy rains as auto drivers call off proposed strike
The India Meteorological Department (IMD) has forecast heavy to very heavy rainfall in Mumbai for next 24 hours and placed



GLOBAL AUTO NEWS

Volkswagen ends Beetle production
Volkswagen rolled the last Beetle off the assembly line on Wednesday, the end of the road for a car that ran from Nazi Germany through hippie counterculture but failed to navigate a swerve in consumer tastes…

Volvo solves autonomous revenue riddle with package deals
Swedish truckmaker AB Volvo’s first commercial autonomous truck deal shows how it is bundling services to generate revenue from a technology that is years away from wide deployment…

Emissions rules and electrification will spur engine consolidation
A growing understanding in the car industry of the value of combustion engine technology able to meet new anti-pollution requirements…

Ford enjoys June sales boom in Russia despite closing car factories
Ford enjoyed a sales boom in a falling Russian market in June despite closing two car plants as the automaker ends sales of passenger vehicles…



 

Panel Discussion on Tenets of a Successful M&A Deal at Automotive

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The Auto World this Week | Remembering Lee Iacocca, The Legend!

 


World Auto Forum connects the Auto Industry in 125 Countries. WAF gets you the important auto news of the week from India and round the world!





Remembering Lee Iacocca, The Legend!
A person who came close to running for the POTUS! The Turnaround Champion! The Master Cracker-Jack salesman! The Creator of Ford Mustang…



Transform! The Next Level by Sumit Sawhney Country CEO & MD Renault India at World Auto Forum 2018
The New Age Aftermarket by S Muralidharan – President, Lucas Indian Service

INDIA AUTO NEWS

Hyundai Kona Electric to be Launched at India on July 9
Hyundai India is all set to launch Kona, the electric SUV. As per the Co, Kona shall charge as fast as a Mobile Phone….

Sales slowdown made no impact on this Maruti dealership; Here’s how
Gwalior-based Prem Motors, the eighth-largest dealership of Maruti Suzuki in India, posted a 13 per cent jump in revenue at Rs 1,975 crore last financial



Maruti Suzuki customers get help from company in rain-hit Mumbai: Here’s what’s on offer
Maruti Suzuki has tied up with vehicle towing agencies to provide seamless 24×7 services. Maruti Suzuki says that the inventory of spare parts

MG Hector variants and the features it offers – Which variant is best buy?
Launched at a competitive starting price of Rs 12.18 lakh, MG Hector looks promising with its grand looks, big size, ‘connected’ car tag…



GLOBAL AUTO NEWS

U.S. June sales a mixed bag for automakers; SUVs, trucks still strong
Major automakers on Tuesday posted mixed U.S. sales results for June and the second quarter, with demand still fairly strong for SUVs and pickup trucks…

Italy’s antitrust complains of ‘economic damage’ from FCA move to London
The decision by Fiat Chrysler Automobiles (FCA) to move its financial and legal offices out of Italy has caused major damage to Italian tax revenues…

Behind the plunge in China auto sales: chaotic implementation of new emission rules
SHANGHAI/BEIJING (Reuters) – Shanghai-based Buick dealer Ron Li in late April found himself in an unfamiliar quandary…

Renault HQ searched as part of Ghosn probe
Renault’s corporate headquarters in Boulogne-Billancourt near Paris on Wednesday to gather evidence for a probe into spending by former Chairman Carlos Ghosn…

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The Auto World this Week | Connected Vehicles can halve Vehicular Air Pollution & Road Accidents

 

 


World Auto Forum connects the Auto Industry in 125 Countries. WAF gets you the important auto news of the week from India and round the world!

INDIA AUTO NEWS



How Connected Vehicles can help us halve Vehicular Air Pollution & Road Accidents in an Year!
Gartner says we shall have 250 million connected vehicles by 2020. So, what makes the Vehicle Connected? Is it just a dongle powered Internet connection…

The charge of the EV brigade
Electric two- and three-wheelers are hitting the road at a fast pace, but the transition is bound to be disruptive.
For Goldie Shrivastava, it’s all about taking the last mile to profitability. His company SmartE has 1,000 electric three-wheelers parked by a handful of Delhi Metro stations

Hero, Bajaj, TVS strongly object Niti Aayog’s move for all electric two-wheelers
India’s big three two-wheeler makers – Hero MotoCorp, Bajaj Auto and TVS Motor Co – Monday hit out at Niti Aayog’s plan to push for 100 per cent electric vehicle…

8 Maruti Suzuki models among top 10 best selling cars in India
The country’s largest carmaker Maruti Suzuki India had eight of its models in SIAM’s ten best-selling passenger vehicles list in May, even as the overall automobile market witnessed a sharp decline...

Tiger Shroff features in maiden Kia Seltos promotional video
Kia Seltos is the talk of the town right now. With the compact SUV globally premiered on June 20, the next big move for Kia Motors will be the vehicle’s launch





GLOBAL AUTO NEWS

SoftBank, Toyota’s self-driving car venture to add five more automakers: sources
The self-driving car joint venture of SoftBank Corp and Toyota Motor will receive investment from a further five Japanese automakers

Macron calls for synergies, alliances to strengthen Renault-Nissan
French President Emmanuel Macron on Wednesday called for further synergies and alliances to strengthen the Renault-Nissan partnership in a global market. The Renault-Nissan alliance is a jewel

California, Canada sign memorandum to advance cleaner vehicles, fuels
WASHINGTON (Reuters) – Canada and California on Wednesday said they had signed a memorandum of understanding to advance cleaner vehicles and fuels…

FCA shuffles execs for key brands in N.A.
Tim Kuniskis, who shepherded Dodge amid the roll out of the high-powered Hellcat Chargers and Challengers, is again leading passenger car brands in North America for Fiat Chrysler…

SAIC will build MG cars in Egypt
SAIC is forming a joint venture sales company with Mansour to allow it to first export MG cars to Egypt from China. It also signed a framework agreement with the Egyptian dealer to establish a separate partnership to produce MG vehicles locally, SAIC said...
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3 Crucial Things before we go 100% EV | The Auto World this Week

 


World Auto Forum connects the Auto Industry in 125 Countries. WAF gets you the important auto news of the week from India and round the world!

INDIA AUTO NEWS





3 Crucial Things so that Only EVs Sold after 2030
The entire world going Ga-Ga over EVs. But we need these 3 crucial things in place before 100% EV, else we shall be creating a Bigger Monster!



IoT firing up the Automotive!
Interesting CXOs Panel Discussion on Key issues of Safety & Security. Future Applications & Caveats for Present

Eeco and Ertiga creator I V Rao retires from Maruti Suzuki after 36 years of service
The name I V Rao holds extreme importance when you consider Maruti Suzuki’s journey into the country. From its early days, to now the largest car manufacturer in the country

Top automakers offer vehicles for a monthly rental with no down payment
Consumers can now drive home their dream car without making a down payment, enjoy hassle-free maintenance services and upgrade to a new product of their choice



GLOBAL AUTO NEWS

Renault-Nissan joint functions axed as alliance unravels, paper says
Several Renault-Nissan joint business functions are being unwound now that former alliance chairman Carlos Ghosn is no longer in power to press ahead with the integration of the two automakers

VW and Ford close to deal on self-driving and electric cars: VW
Volkswagen and the No. 2 U.S. automaker signed a deal in March to develop a pickup truck, and have been in talks about extending the alliance to include autonomous driving and mobility services, as well as Ford’s use of VW’s MEB electric-vehicle platform…

Facebook’s Libra Blockchain Could Become The Cryptocurrency For Self-Driving Cars
Facebook released its official white paper describing their newly being formulated cryptocurrency, called Libra, which is akin in some ways to what you might think of when you hear about “bitcoins,”…

India’s automobile major Mahindra wins Gold Award in South Africa
Mahindra, which has been in South Africa for the past 16 years, received the award on June 7 from the country’s National Automobile Dealers’ Association (NADA) which tests dealers’ satisfaction…

Kangaroo collisions cost Australians more than $6M per year: report
The Huddle Insurance ‘Roo Report’* also states that kangaroo collisions cost Aussie drivers on average more than $6 million per year in excess on insurance claims; the average cost of damage to a vehicle…
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What if 1 Lakh Connected Vehicles get hacked in a city simultaneously? | The Auto World This Week

 

World Auto Forum connects the Auto Industry in 125 Countries. WAF gets you the important auto news of the week from India and round the world!

INDIA AUTO NEWS



What if 1 Lakh Connected Vehicles get hacked in a city simultaneously?
We don’t even have a law on it as yet! There shall be globally 250 Million Connected vehicles by 2020.
With India at the forefront, we need Standards & Laws for Protection. WAF taking this Dialogue to Action!



How Consumers adopt the Innovations in CV Space by Vinod Aggarwal MD & CEO Volvo Eicher CV
One of the Most Knowledgeable yet Most Humble Stalwarts of the Auto Industry shared how Innovation can be a common ground between Consumers & Organisations

Hero MotoCorp Becomes First Two-Wheeler Manufacturer To Receive BS6 Certification
The BS6 regime will kick off from April 1, 2020 and keeping that in mind, two and four wheelers have already started moving their production to BS6.

Auto industry seeks govt intervention as PV sales skid to decade low
Vehicle sales in India — a key indicator of the economy — continued to slump with a decline of 8.62 per cent in May.

Mercedes-Benz appoints Santosh Iyer as India head of sales and marketing
Luxury car maker Mercedes-Benz India has announced an organisational change in its sales and marketing function by appointing Santosh Iyer, currently Vice President..



GLOBAL AUTO NEWS

BMW’s Auto Business Posts Loss Following Antitrust Charge 
BMW AG said its core automotive business swung to a quarterly loss on a €1.4 billion ($1.6 billion) charge against potential fines from a European antitrust probe…

Patent guidelines put tech firms, carmakers on collision course
Rival proposals for European patent guidelines covering technology vital for building self-driving cars and internet-linked vehicles have set tech firms and carmakers on a collision course...

 

TMC goes all in on full-electric models
AS TOYOTA Motor Corporation (TMC) continues its transition “from an automobile company to a mobility company”, it has finally detailed its eagerly anticipated roadmap for full-electric models that will play a key role in this…

‘We’re built for this’: How a Calif. dealership group keeps business in the family
Casa Automotive Group in Los Angeles has overcome differences in personalities and business philosophies to successfully transition the company from the first
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The Auto World This Week | Most Car Service Aggregators Offering An Uber, Customers Need An Oyo

World Auto Forum connects the Auto Industry in 125 Countries. WAF gets you the important auto news of the week from India and round the world!

INDIA AUTO NEWS



 

Most Car Service Aggregators offering an Uber, Customers need an Oyo
Whats’s with Uber that works fab while hailing a Cab but goes miserably wrong when applied to a Car Service Centre. Well here it is..

 

Kia Motors India to make Debut with Seltos SUV
Seltos is based on the SP2i Concept Vehicle, they had showcased at the 2018 Auto Expo at Greater Noida , Delhi NCR. Incidentally Kia Motors India had also won the World Auto Forum Best Pavilion Contest last year. A Contest keenly contested by all exhibiting Auto

 

Jeep is most trusted automobile brand in India, Maruti Suzuki is at second spot: TRA Brand Trust Report 2019
Jeep Compass gets a 1.4-litre Multiair petrol engine that makes 163 bhp and 250 Nm of torque. It is offered with a 6-speed manual gearbox and has an option for a 7-speed automatic transmission also.

 

M&M to expand African footprint, plans manufacturing units in Sudan, Kenya
M&M opened its first assembly unit in Durban in May 2018 as part of a larger strategy to make South Africa a second base outside India

 



 

Hyundai Motor India Key Initiatives by S Punnaivanam – Head, After Sales, Hyundai Motor India



GLOBAL AUTO NEWS

 

Fiat Chrysler withdraws proposed merger with Renault
Fiat Chrysler has withdrawn its proposal to merge with French automaker Renault — a deal that would have reshaped the global auto industry and helped...

 

CHART OF THE WEEK : All the World’s Carbon Emissions in One Chart
Two degrees Celsius may not seem like much, but on our planet, it could be the difference between thriving life and a disastrous climate.

 

Leading Chinese Auto to “Go Global” – Great Wall Motors is About to Complete Tula Factory in Russia
Under China’s strategy of ” The Belt and Road “,Great Wall Motors’ Tula factory in Russia is the the first Chinese full-function automotive factory in overseas.

 

China fines Ford’s Changan venture $24 million for antitrust violations
China’s market regulator fined Ford Motor Co’s main local joint venture 162.8 million yuan ($23.55 million) on Wednesday for violating anti-monopoly laws, the latest automaker with foreign partners to face such penalties.

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Why it won’t be a Cakewalk for MG Motor at India | The Auto World This Week – May 31, 2019

World Auto Forum connects the Auto Industry in 125 Countries. WAF gets you the important auto news of the week from India and round the world!

INDIA AUTO NEWS

 

Why it wont be a Cakewalk for MG Motor at India ?
MG, Morris Garages, the Iconic British car brand owned by the Chinese Auto Co SAIC is all set to make its brand debut in India with the SUV, MG Hector. 

 

Ather Energy Raises $51 Mn In Round Led By Sachin Bansal
Bengaluru-based electric two-wheelers maker Ather Energy, has raised an investment of $51 Mn in its latest round of funding, led by Flipkart cofounder Sachin Bansal’s who poured in $32 Mn.

 

Hyundai gears up to launch luxury brand Genesis in India
Hyundai Motor Co. will launch its luxury brand Genesis in the Indian market after 2020 and will test the acceptance of its models in the premium segment by first introducing its Kona electric SUV in July, three people aware of the development said.

 

 

Leyland delivers goods in Q4, but demand remains challenge for CVs in near term
In mid-February, shares of Ashok Leyland Ltd had fallen almost 54% from their highs in 2018 to ₹78…



GLOBAL AUTO NEWS

 

Toyota expects fuel cell prices to match hybrids
GOTHENBURG, Sweden — Toyota believes the price of fuel cell cars will match those of hybrids within 10 years, the automaker’s European head of sales and marketing, Matt Harrison

 

FCA, Renault face tall odds delivering on cost-cutting promises in merger
Fiat Chrysler Automobiles NV and Renault SA promise huge savings from a mega-merger, but such combinations face tall odds 

 

Component manufacturing demand a good sign for South Africa’s automotive industry
After 2021 South Africa’s automotive industry growth is set to be bigger when government policy demanding more than 50% local content kicks in..

 

BYD delivers Argentina’s first electric buses
The electric buses are the first fleet of its kind in Argentina, signifying a major milestone in the electrification of public transportation in the South American country.

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The Art of an M&A Deal Negotiation -Live Examples not Just Theory by Bhupinder Singh CEO Sunbeam Auto