auto sector

French car sales drop


September 4th, 2012 - 1:24 pm ICT by IANS
Paris, Sep 4 (IANS) Car sales in France were down 11.4 percent in August as the country's economic woes kept consumers from spending on cars, French car sales federation CCFA ... Read more...

Posted in Business |

South Korea’s auto exports grow


July 30th, 2012 - 3:48 pm ICT by IANS
Seoul, July 30 (IANS) South Korea's automobile exports grew 3.1 percent in the second quarter from a year earlier due to strong demand for large-sized cars from the US, Australia ... Read more...

Posted in Business |

Exide Q1 net profit slips 7 percent (Lead, superseding earlier story)


July 16th, 2012 - 10:52 pm ICT by IANS
Kolkata, July 16 (IANS) Leading storage battery producers Exide Industries Monday reported a 6.87 percent slide in its net profit for the quarter ended June 30, 2012. The company's net ... Read more...

Posted in Business |

Exide Q1 net profit slips 7 percent


July 16th, 2012 - 10:19 pm ICT by IANS
Kolkata, July 16 (IANS) Leading storage battery producers Exide Industries Monday reported a 6.87 percent slide in its net profit for the quarter ended June 30, 2012. The company's net ... Read more...

Posted in Business |

Brazilian auto production falls


July 6th, 2012 - 11:34 am ICT by IANS
Sao Paulo, July 6 (IANS/EFE) Brazil produced 1.55 million motor vehicles in the first six months of the year, a fall of 9.4 percent from the same period in 2011, ... Read more...

Posted in Business |

Tata Motors halts production at Jamshedpur plant


June 28th, 2012 - 8:32 pm ICT by IANS
New Delhi/Ranchi, June 28 (IANS) Tata Motors Thursday halted production at its Jamshedpur plant for three days to adjust production targets with shrinking demand."Production at the Jamshedpur plant is being ... Read more...

Posted in Business |

Microsoft India the best employer: Randstad


April 26th, 2012 - 8:36 pm ICT by IANS
Mumbai, April 26 (IANS) Microsoft India has been adjudged by HR services company Randstad as the "Most attractive employer" for the second straight year.Oracle India and Tata Consultancy Services have ... Read more...

Posted in Business |

Rajasthan’s single window law facilitates investment: Minister


March 28th, 2012 - 11:05 pm ICT by IANS
Jaipur, March 28 (IANS) Rajasthan Industries Minister Rajendra Pareek Wednesday said the state government's single window act had facilitated investment in the state, which had emerged as one of the ... Read more...

Posted in Business |

Mexican auto sector willing to accept quotas


March 15th, 2012 - 11:00 am ICT by IANS
Mexico City, March 15 (IANS/EFE) Mexico's automobile industry said it is willing to accept temporary quotas on its exports to Brazil as long as the restrictions are lifted after a ... Read more...

Posted in Business |

US to raise issue of bottlenecks in Indian ports


February 20th, 2012 - 9:52 pm ICT by IANS
Chennai, Feb 20 (IANS) The US will raise the concerns of its companies operating in India with regard to infrastructure and congestion of ports with the Indian officials, visiting Under ... Read more...

Posted in Uncategorized |

Tamil Nadu to sign MoUs with Japanese firms: Jayalalithaa


February 12th, 2012 - 8:28 pm ICT by IANS
Chennai, Feb 12 (IANS) Tamil Nadu Chief Minister J. Jayalalithaa Sunday said her government would soon sign Memoranda of Understanding (MoU) with a couple of Japanese companies willing to invest ... Read more...

Posted in Uncategorized |

Japanese firms to increase investment in Tamil Nadu


January 25th, 2012 - 11:40 pm ICT by IANS
Chennai, Jan 25 (IANS) Many Japanese companies in Tamil Nadu have decided to increase their investments in the state and the government would be signing memoranda of understanding with them, ... Read more...

Posted in Uncategorized |

Slovenia invites Indian investments and tourists


December 27th, 2011 - 10:40 pm ICT by IANS
Chennai, Dec 27 (IANS) In order to increase the bilateral trade with India, the southern European country of Slovenia is inviting investments in its auto sector while its engineering companies ... Read more...

Posted in Business |

Renault to increase prices of Koleos


December 14th, 2011 - 5:57 pm ICT by IANS
Chennai, Dec 14 (IANS) Renault India Wednesday said it will raise the price of its recently launched sports utility vehicle (SUV) Koleos from Rs.22.99 lakh to Rs.23.99 lakh from Jan ... Read more...

Posted in Uncategorized |

Tube Investments eyes Rs.500 crore revenue


December 7th, 2011 - 5:16 pm ICT by IANS
Chennai, Dec 7 (IANS) Multi-product company Tube Investments of India Ltd is confident of sizeable orders from oil exploration, packaging and can manufacturing sectors for its industrial chains next fiscal ... Read more...

Posted in Business |

Hyundai to increase car prices from January


December 7th, 2011 - 4:55 pm ICT by IANS
New Delhi, Dec 7 (IANS) Automobile major Hyundai Motor Wednesday said it will hike prices by 1.5 percent to two percent across models from January 2012."The price increase will come ... Read more...

Posted in Business |

Rate hike, fuel cost hit car sales


November 10th, 2011 - 7:15 pm ICT by IANS
New Delhi, Nov 10 (IANS) Production losses at market leader Maruti Suzuki coupled with damp buyer sentiment due to high interest rates and rising fuel prices have resulted in the ... Read more...

Posted in Business |

TVS to produce bikes in Bengal for eastern India


October 29th, 2011 - 11:13 pm ICT by IANS
Kolkata, Oct 29 (IANS) Two-wheeler major TVS Motor Company plans to manufacture bikes directly at the manufacturing facility in West Bengal for sales in eastern India, a minister said Saturday.The ... Read more...

Posted in Business |

US retail sales up in September


October 16th, 2011 - 1:22 pm ICT by IANS
Washington, Oct 16 (IANS/EFE) US retail sales climbed 1.1 percent last month compared to August, the biggest monthly gain since February, the commerce department said.Spending on retail goods had risen ... Read more...

Posted in Business |

‘Urbanisation, increasing demand challenge for auto sector’


October 6th, 2011 - 9:03 pm ICT by IANS
Chennai, Oct 6 (IANS) An effective policy on urbanisation, multi-modal transportation and appropriate automotive technologies to meet future needs are important for India which will become the third largest market ... Read more...

Posted in Uncategorized |

General Motors to source 95 percent of components locally


August 30th, 2011 - 6:49 pm ICT by IANS
Faridabad, Aug 30 (IANS) General Motors said Tuesday it plans to source about 95 percent of its components from local manufacturers for its newer models."The percentage of locally sourced parts ... Read more...

Posted in Business |

Auto component industry to grow by 12-15 percent in 2011-12


August 30th, 2011 - 6:23 pm ICT by IANS
New Delhi, Aug 30 (IANS) The Automotive Component Manufactures Association of India (ACMA) Tuesday said that due to a slowdown in the domestic consumption, it expected growth to moderate between ... Read more...

Posted in Business |

Auto component sector demands labour reforms


August 30th, 2011 - 6:09 pm ICT by IANS
New Delhi, Aug 30 (IANS) Delay in labour reforms hampers employment generation in the automobile component sector, the nodal agency for the Indian auto component industry said Tuesday."We believe that ... Read more...

Posted in Business |

German minister in India, to focus on auto sector


April 18th, 2011 - 2:30 pm ICT by IANS
New Delhi, April 18 (IANS) Peter Ramsauer, the German minister for transport and urban development, is on a three-day visit to India from Monday to explore business opportunities in automobile ... Read more...

Posted in Business |

Indo-German working group on automotive sector to meet on Monday


April 15th, 2011 - 7:40 pm ICT by ANI
New Delhi, Apr 15(ANI): The third meeting of the Indo-German Joint Working Group (JWG) on Automotive Sector will be held on Monday at New Delhi.The meeting will be jointly inaugurated by Union ... Read more...

Posted in World |

‘No immediate impact of Japanese tsunami on Indian auto sector’


March 28th, 2011 - 7:19 pm ICT by IANS
Chennai, March 28 (IANS) The Japanese earthquake and tsunami may not adversely affect the Indian automobile sector in the short term, but the impact over medium to long term will ... Read more...

Posted in Business |

For automobile industry, budget is in neutral gear


February 28th, 2011 - 8:52 pm ICT by IANS
Chennai, Feb 28 (IANS) The automobile industry Monday appreciated Finance Minister Pranab Mukherjee for not changing excise duty rates and welcomed the tax concessions for environment friendly vehicles."It is a neutral ... Read more...

Posted in Business |

India Inc terms General Budget to be ‘positive’ and ‘growth-oriented’


February 28th, 2011 - 6:38 pm ICT by ANI
New Delhi, Feb 28 (ANI): Terming the General Budget 2011-12 to be 'positive' and 'growth-oriented', the leaders of the Indian industry appeared pleasingly amazed with the unchanged excise rate in major ... Read more...

Posted in National |

CII-India Business Forum welcomes Obama’s job creation agenda


January 27th, 2011 - 3:59 pm ICT by ANI
New Delhi, jan.27 (ANI): The CII-India Business Forum (CII-IBF), a grouping of leading Indian companies with operations in the US welcomes and supports US President Barack Obama's State of the Union ... Read more...

Posted in Business |

Hyundai proposes Rs.1,500 crore investment in Tamil Nadu


January 21st, 2011 - 6:06 pm ICT by IANS
Chennai, Jan 21 (IANS) South Korean automobile group Hyundai has submitted a Rs.1,500 crore fresh investment proposal to the Tamil Nadu government and a Memorandum of Understanding (MoU) will soon be signed, ... Read more...

Posted in Business |

Auto industry to entice customers with new launches in 2011


January 16th, 2011 - 5:29 pm ICT by IANS
By Rohit Vaid New Delhi, Jan 16 (IANS) After robust sales last year, the Indian automobile industry seems set to sustain the growth trajectory in 2011 with a slew of new launches, while ... Read more...

Posted in Business |

Tamil Nadu to have auto-sector specific policy soon


November 19th, 2010 - 9:51 pm ICT by IANS
Chennai, Nov 19 (IANS) Tamil Nadu will soon announce its automotive industry specific policy, a state government official said Friday."The proposed policy will address many of the issues faced by the sector ... Read more...

Posted in Business |

India’s auto sector grew second fastest globally in 2009-10


September 25th, 2010 - 7:03 pm ICT by IANS
New Delhi, Sep 25 (IANS) India was the second fastest growing automobile market in 2009-10 and is expected to grow further in the coming years, a senior official said Saturday. "We are confident ... Read more...

Posted in Business |

TVS to invest Rs.200 crore for capacity expansion


August 26th, 2010 - 3:47 pm ICT by IANS
New Delhi, Aug 26 (IANS) Two and three-wheeler maker TVS Motors Thursday said it will invest Rs.200 crore by April next year to increase production to meet rising demand. "we are increasing ... Read more...

Posted in Business |

Ruia Group acquires German Gumasol, eyes more


August 5th, 2010 - 5:12 pm ICT by IANS
Kolkata, Aug 5 (IANS) City-based Ruia Group has added another German company to its portfolio by acquiring solid tyre and auto component maker Gumasol-Werke and is eying a few more in the ... Read more...

Posted in Business |

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