Besides 18-year low, every passenger vehicle player registers negative growth in May 2019

While the month of May 2019 registered an 18-year low in terms of domestic sales for passenger vehicles (PV), the disturbing factor is that each and every of the 17 PV player recorded a negative growth. Such is the ...

Mahindra acquires 11.25% stake in Swiss agri-tech firm Gamaya for Rs 30.04 crore

Mahindra & Mahindra’s Farm Equipment Sector (FES), a part of the Mahindra Group announced an investment of CHF 4.3 million (US$4.3 million- Rs 30.04 crore approx.) for an 11.25% stake in Switzerland based agri techn...

22Kymco to set up plant in Bhiwadi for electric, gasoline scooters

22Kymco, a joint venture between 22Motors and Kwang Yang Motor Company (Kymco) has announced setting up a manufacturing facility in Bhiwadi, Haryana.

Mercedes-Benz appoints Santosh Iyer as the Head of Sales and Marketing for India

Mercedes-Benz India announced an organisational change in its sales and marketing function effective from July 1, 2019. Santosh Iyer, currently Vice President of Customer Service & Corporate Affairs has been appoint...

Government EV targets need to be practical says auto industry

The Indian auto industry is not too happy with the aggressive road map being laid out by the government in bringing electric vehicles into the country. Both the Society of Indian Automobile Manufacturers (SIAM) and ...

Downhill drive continues for Indian auto industry in May 2019

Both production and sales have taken a hit in the Indian auto industry for the month of May 2019. The downhill drive continues for the industry, according to the latest sales and production data shared by the Societ...

eBikeGo announces joint venture with Vpledge Delivery

eBikeGo an electric bike rental and delivery platform entered into a joint venture with Vpledge Delivery recently. In this exclusive partnership, eBikeGo will be providing theire co-friendly electric scooters for hy...

Mahindra & Mahindra invests Rs 1000 crore + to ready BS VI engines

The good news is that Mahindra & Mahindra is ready with its BS VI engines across its entire diesel and gasoline portfolio. The entire transition will be costing the company upwards of Rs 1000 crore. With its portf...

FCA withdraws merger proposal to Groupe Renault

The Board of Fiat Chrysler Automobiles which met under the Chairmanship of John Elkann, has resolved to withdraw with immediate effect its merger proposal made to Groupe Renault.

Jaguar Land Rover, BMW Group announce collaboration for next gen electrification technology

Jaguar Land Rover and BMW Group have confirmed they are joining forces to develop next generation Electric Drive Units (EDUs) in a move that will support the advancement of electrification technologies, a central pa...



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