indian subsidiary

Fiat to open 80 standalone dealerships by year-end


September 19th, 2012 - 7:35 pm ICT by IANS
New Delhi, Sep 19 (IANS) To further develop its brand in India, Italian automobile major Fiat Wednesday said it expects to open 80 new standalone dealerships in the country by ... Read more...

Posted in Business |

Ford India logs six percent sales growth in August


September 1st, 2012 - 4:52 pm ICT by IANS
Chennai, Sep 1 (IANS) Ford India registered six percent sales growth in August as compared to figures logged during the like period of 2011.The Indian subsidiary of US auto major ... Read more...

Posted in Business |

Oracle to pay $2 mn fine over India bribery charge


August 17th, 2012 - 12:03 pm ICT by IANS
Washington, Aug 17 (IANS) Software giant Oracle has agreed to pay $2 million to settle US regulators' charges that its Indian subsidiary violated foreign anti-bribery laws by secretly setting aside ... Read more...

Posted in World |

Ford India recalls over 1.28 lakh cars for faulty components


August 13th, 2012 - 11:38 pm ICT by IANS
Chennai, Aug 13 (IANS) Ford India, the Indian subsidiary of American auto giant Ford Motor Company, is recalling 128,655 units of its popular Figo and Classic models to rectify problems ... Read more...

Posted in Business |

Hyundai and Nissan Motor log growth in July


August 1st, 2012 - 8:03 pm ICT by IANS
Chennai, Aug 1 (IANS) Hyundai Motor India, the Indian subsidiary of South Korean auto major Hyundai Motor, Wednesday announced that it closed July with a 6.4 percent sales growth over ... Read more...

Posted in Business |

Toyota forges ahead, Ford goes on the reverse in July


August 1st, 2012 - 6:04 pm ICT by IANS
Chennai, Aug 1 (IANS) Powered by its utility vehicle models Innova and Fortuner, Japanese-Indian joint venture Toyota Kirloskar Motor clocked seven percent sales growth last month.In a statement Wednesday, Toyota ... Read more...

Posted in Business |

Violence at Maruti plant reflects social unrest: Premji


July 24th, 2012 - 5:36 pm ICT by IANS
Bangalore, July 24 (IANS) Violence at auto major Maruti Suzuki's plant at Haryana's Manesar is representative of the social unrest building up in the country, Wipro chairman Azim Premji said ... Read more...

Posted in Business |

Ford India to export Eco Sport; offers petrol, diesel versions


July 17th, 2012 - 7:34 pm ICT by IANS
Chennai, July 17 (IANS) Ford India Private Ltd., the Indian subsidiary of the US automobile major Ford Motor Company, has beefed up its engine capacity to 340,000 units and would ... Read more...

Posted in Business |

French firm Altran bets on india for growth


July 12th, 2012 - 12:14 am ICT by IANS
Bangalore, July 11 (IANS) French high-tech engineering consulting firm Altran is betting on India for growth and value in diverse verticals such as transportation, automotive, aerospace and nuclear energy."India ... Read more...

Posted in Business |

IFC loans euro 10 million to Same DeutzFahr India


July 10th, 2012 - 11:55 pm ICT by IANS
Chennai, July 10 (IANS) The International Finance Corporation (IFC) Tuesday announced a loan of euro 10 million (Rs.680 million) to the Indian subsidiary of Italian tractor maker Same DeutzFahr ... Read more...

Posted in Business |

Kone Elevators plans to export components from new factory


July 6th, 2012 - 8:26 pm ICT by IANS
Chennai, July 7 (IANS) City-based Kone Elevator hopes to export elevator components in a major way out of its new new factory by 2015 said a top company official here ... Read more...

Posted in Business |

Nissan, Honda Motorcycle log good growth in June


July 2nd, 2012 - 8:16 pm ICT by IANS
Chennai, July 2 (IANS) Nissan Motor India Private Ltd, the Indian subsidiary of Japanese auto maker Nissan Motor Company, Monday announced that it closed June 2012 with sales of 4,167 ... Read more...

Posted in Business |

Danish group Danfoss’ new plant goes on stream


June 27th, 2012 - 12:36 am ICT by IANS
Chennai, June 26 (IANS) Danish group Danfoss Tuesday inaugurated its factory here for manufacturing two million units of filter-driers per annum to meet its Indian and global air-conditioning market's demand ... Read more...

Posted in Business |

Huawei unveils gigabit switches for Indian enterprises


June 25th, 2012 - 10:40 pm ICT by IANS
Bangalore, June 25 (IANS) Chinese telecom major Huawei Telecommunications (India) Ltd Monday unveiled the latest series of gigabit switches and routers to enable Indian enterprises use its next-generation ICT products ... Read more...

Posted in Business |

Sony unveils smart phones for upward mobile


May 24th, 2012 - 7:14 pm ICT by IANS
Bangalore, May 24 (IANS) Sony Mobile Communications of Japanese electronics major Sony Corporation Thursday unveiled a range of smart phones for the upward mobile with unique features to access a plethora ... Read more...

Posted in Business |

Ford India expects 10 percent sales growth


May 22nd, 2012 - 9:38 pm ICT by IANS
Chennai, May 22 (IANS) Ford India Pvt Ltd, the Indian subsidiary of the US Ford Motor Company, hopes to achieve 10 percent sales growth despite difficult market conditions while completing ... Read more...

Posted in Business |

Bosch Q1 net up 23 percent


May 8th, 2012 - 12:15 am ICT by IANS
Bangalore, May 7 (IANS) Leading automotive and industrial products firm Bosch Ltd reported net profit of Rs.336 crore for the first January-March first quarter of 2012, registering a 23 percent ... Read more...

Posted in Business |

Fiat to manage distribution of Indian subsidiary


May 2nd, 2012 - 7:59 pm ICT by IANS
New Delhi, May 2 (IANS) To further develop its brand in India, international automobile major Fiat Wednesday said it will form a new company to handle distribution and service activities ... Read more...

Posted in Business |

French firm Altran expanding India operations


April 26th, 2012 - 8:55 pm ICT by IANS
Bangalore, April 26 (IANS) French major Altran Technologies is expanding its operations in India to tap the domestic market and serve its global customers in aerospace, automotive, railways and energy ... Read more...

Posted in Business |

Toyota Kirloskar Motor ships cars to South Africa


April 4th, 2012 - 7:34 pm ICT by IANS
Chennai, April 4 (IANS) Toyota Kirloskar Motor (TKM) entered the overseas market Wednesday, shipping out cars to South Africa. The company said it would export nearly 20,000 cars every year."The ... Read more...

Posted in World |

Top level changes at Nissan India, Renault Nissan


March 23rd, 2012 - 11:23 pm ICT by IANS
Chennai, March 23 (IANS) Japanese automobile maker Nissan Motor Ltd Friday announced appointment of Takayuki Ishida as the managing director of its Indian subsidiary Nissan Motor India Pvt Ltd, while ... Read more...

Posted in Uncategorized |

IBM India to offer efficient energy solutions


March 12th, 2012 - 8:36 pm ICT by IANS
Bangalore, March 12 (IANS) IBM India, the Indian subsidiary of the global IT major, Monday entered into a partnership with the leading diversified firm Ingersoll Rand to provide efficient energy ... Read more...

Posted in Business |

Daimler unveils BharatBenz trucks for India


March 2nd, 2012 - 3:04 pm ICT by IANS
Hyderabad, March 2 (IANS) Daimler India Commercial Vehicles Pvt Ltd (DICV), the Indian subsidiary of the world's leading truck manufacturer Daimler AG, Germany, Friday unveiled a range of trucks under ... Read more...

Posted in Business |

Bosch India net up 31 percent in 2011


February 28th, 2012 - 8:14 pm ICT by IANS
Bangalore, Feb 28 (IANS) Bosch Limited posted Rs.1,123 crore (Rs.11.23 billion) net profit for calendar year 2011, registering 31-percent increase year-on-year, the Indian subsidiary of the German automotive component major ... Read more...

Posted in Business |

Renault raises compact car Pulse price


February 23rd, 2012 - 7:00 pm ICT by IANS
Chennai, Feb 23 (IANS) French automobile major Renault's Indian subsidiary Thursday raised the price of its compact premium car Pulse by Rs.11,000 to offset rising input costs.The vehicle was launched ... Read more...

Posted in Business |

Cess on diesel vehicles regressive: Ford India


February 16th, 2012 - 9:54 pm ICT by IANS
Chennai, Feb 16 (IANS) Levying a cess on diesel car is not a right approach but the price of diesel could be hiked slightly to earn revenue, a top official ... Read more...

Posted in Business |

Thomas Cook’s India business up for sale


February 8th, 2012 - 7:19 pm ICT by IANS
Mumbai, Feb 8 (IANS) Global travel business major Thomas Cook Wednesday said it was in the process of selling its 77.1 percent stake in its Indian subsidiary and had received ... Read more...

Posted in Business |

Ford India logs sales growth in January


February 1st, 2012 - 6:42 pm ICT by IANS
Chennai, Feb 1 (IANS) Ford India, the Indian subsidiary of the American auto major Ford Motor Company, closed last month selling 10,789 units, up from 10,026 units sold in January ... Read more...

Posted in Business |

Ford India to invest Rs.750 crore in Chennai plant


January 20th, 2012 - 6:49 pm ICT by IANS
Chennai, Jan 20 (IANS) Ford India, the Indian subsidiary of the US-based Ford Motor Company, would invest Rs.750 crore at its plant near here to roll out the new compact ... Read more...

Posted in Business |

Auto industry shows mixed sales results for December (Roundup)


January 2nd, 2012 - 8:55 pm ICT by IANS
New Delhi/Chennai, Jan 2 (IANS) Battling high interest rates and rising fuel costs, the Indian automotive industry Monday reported a mixed sales result for December with sales of Maruti Suzuki ... Read more...

Posted in Business |

No unanimity on hiking FDI in print media: Minister


December 20th, 2011 - 8:41 pm ICT by IANS
New Delhi, Dec 20 (IANS) The government Tuesday said there was no unanimity on hiking foreign direct investment (FDI) in the print media from the existing 26 percent and ... Read more...

Posted in Entertainment |

Vedanta meets all conditions for stake buy out: Cairn


December 7th, 2011 - 9:35 pm ICT by IANS
Mumbai, Dec 7 (IANS) Oil explorer Cairn Energy Wednesday said it will go ahead with the sale of 40 percent of its stake in the India subsidiary to Anil Agarwal-promoted ... Read more...

Posted in Business |

IOA to convey concern of Bhopal victims to London organisers


December 6th, 2011 - 12:57 am ICT by IANS
New Delhi, Dec 5 (IANS) The Indian Olympic Association (IOA) Monday said it will convey the concerns of the Bhopal gas disaster victims to the International Olympic Committee (IOC) regarding ... Read more...

Posted in Sports |

Ford’s domestic sales up 11 percent


December 1st, 2011 - 6:36 pm ICT by IANS
New Delhi, Dec 1 (IANS) American automobile major Ford's Indian subsidiary Thursday reported an increase of 11 percent in its domestic sales for the month of November at 8,322 units ... Read more...

Posted in Business |

Sacked Hundai workers detained, hunger-strike foiled


November 30th, 2011 - 3:39 pm ICT by IANS
Chennai, Nov 30 (IANS) A total of 23 dismissed workers of Hyundai Motor India Ltd (HMIL) were detained by the police Wednesday when they attempted to stage a ... Read more...

Posted in Business |

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