At present, Nissan’s production in India is heavily skewed in favour of exports. The company is looking at fourfold growth in the next five years to sell 250,000 units a year.
Motherson Sumi Systems is doing a due diligence on three auto component makers in Europe for possible acquisitions, its chairman Vivek Chand Sehgal said.
Jazz will take on the popular Hyundai i20, which has been selling around 10,000 units a month and has a long waiting period.
Govt’s decision to increase import duty on natural rubber will hurt Make in India initiative: Tyre makers
The growers accuse tyre makers of promoting imports to keep rubber prices low, which they say led to the fall in rubber production.
Increasing orders from the Americas is part of Motherson's strategy to reduce overdependence on Europe, from where it got 58% of its consolidated revenue.
Minda Corp, the flagship company of the Rs 3,200 crore Ashok Minda Group, has got a new partner for its venture manufacturing vehicle keys and access systems.
The fourth and latest draft of the Road Transport and Safety Bill proposes to impose a penalty of Rs 50,000 for manufacturing faulty vehicles and Rs 1 lakh for refusing to recall them.
The trend shows that the bigger models are doing better than entry-level and compact hatchbacks. Mid-size sedan Honda City and compact sedans like the Dzire and Amaze saw growth.
Riding high on the success of the AMT and other components, the company is setting up two new plants in India.
Fiat Group's auto component arm Magneti Marelli will hire 300 people this year to support its expansion plans in India, a top company official told ETAuto.
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