Auto Sector

Tata Motors, Jayem Automotives announces joint venture for performance enhancement

Tata Motors, Jayem Automotives announces joint venture for performance enhanceme

New Delhi [India], Mar 31 : Tata Motors on Friday announced the launch of JT Special Vehicles Pvt. Ltd., a 50:50 joint venture with Jayem Automotives Pvt. Ltd., for the development of special performance vehicles based on the latest series products.

As part of the agreement, both Tata Motors and Jayem Automotives will work towards performance enhancement and appearance of series vehicles to offer an exciting and innovative range of niche aspirational products for the passenger car customers.

Jugnoo's demand grows by 100 pct in Coimbatore after others suspend services

Jugnoo's demand grows by 100 pct in Coimbatore after others suspend services

New Delhi [India], Mar 17 : Jugnoo, a hyper local startup, power-driven by its vast auto rickshaw network, today announced that the demand for its services doubled in Coimbatore. The announcement came soon after Uber suspended its auto rickshaw services in the city.

The aggregator had shut down their auto operations in the bustling cities of Coimbatore and Indore on Monday and Thursday respectively, following which Jugnoo's services witnessed this spike in demand. With Jugnoo's vast network and increasingly popular services across Tier II and Tier II cities, this was an expected trend for the brand.

Ola signs MoU with Government of Madhya Pradesh; to create 25,000 entrepreneurs in state

Ola signs MoU with Government of Madhya Pradesh; to create 25,000 entrepreneurs

New Delhi [India], Mar 4 : In a major step ahead, towards its goal of nurturing micro entrepreneurship and skilling 50 lakh drivers by 2020, taxi aggregator Ola has signed a Memorandum of Understanding ( MoU) with Madhya Pradesh State Skill Development Mission (MPSSDM) and Directorate of Skill Development (Technical Education and Skill Development Dept.) Govt. of Madhya Pradesh here today.

In line with Prime Minister Narendra Modi's Skill India initiative, the MOU is focused towards training, skill development and empowerment of 25,000 driver partners in the next two years.

MAN Trucks India expands reach in Maharashtra with Pune dealership

MAN Trucks India expands reach in Maharashtra with Pune dealership

New Delhi [India], Mar 1 : MAN Trucks India Pvt. Ltd. a 100 percent subsidiary of MAN Truck and Bus AG, Germany, the world's leading manufacturer of trucks and buses in association with M/s Bhagyodaya Automotive, today inaugurated a new state of the art dealership for its commercial vehicle brand in Pune.

The new dealership is spread over an area of 55000 sqft and is equipped with state-of-the-art equipment, eight service bays and sophisticated infrastructure.

Two-wheeler sales still under pressure, says SIAM

Two-wheeler sales still under pressure, says SIAM

New Delhi [India], Feb 9 : Reacting on the two-wheelers sales post demonetization, which has seen improvement although the January sales were recorded negative, Society of Indian Automobile Manufacturers (SIAM) on Thursday said that the January two-wheelers sales registered a decline of -7.39 percent as compared to January last year.

During the demonetization period sales of two-wheelers slid 22 percent in December 2016 as compared to the figures, which came in December 2015, marking the highest monthly contraction since SIAM started recording the data since 1997.

Mentioning the domestic sales for the month of January 17, it said that the overall automobile sales have declined by -4.71 percent in January as compared to January 16.

BMW Group Brings the 13th BMW Art Car to India

BMW Group Brings the 13th BMW Art Car to India

New Delhi [India], Feb. 3 : BMW Group India presented the 13th BMW Art Car created by Italy's most renowned contemporary artist Sandro Chia. His creation will be exclusively exhibited from 2 to 5 February 2017 at the India Art Fair in New Delhi. Sandro Chia created the 13th Art Car for BMW in 1992 with the BMW M3 GTR which is celebrating its 25th anniversary in 2017.

The BMW Art Cars or the 'Rolling Sculptures' are original masterpieces of art that demonstrate an individual synthesis of artistic expression and automobile design. Since 1975, eighteen prominent artists from across the world have created Art Cars on the basis of contemporary BMW automobiles of their times, all offering a wide range of artistic interpretations.

High-performance, zero emission and low price: Okinawa launches e-vehicles

High-performance, zero emission and low price: Okinawa launches e-vehicles

New Delhi[India],Jan.24 : e-automobile manufacturer Okinawa Autotech has launched high-speed electric two-wheelers/scooters for the Indian market to alter the belief that e-automobiles can't match the power, speed and efficiency of traditional petrol vehicles.

With a charging duration of six to eight hours, Okinawa's e-scooters can cover distances of around 200 km in upcoming models. Furthermore, it offers dual charging systems. While the normal mode takes anywhere between six to eight hours, the option of a fast mode is available which gets the vehicle up and running within two hours.

Jaguar Land Rover India inaugurates 3S dealership facility in India

Jaguar Land Rover India inaugurates 3S dealership facility in India

New Delhi [India], Jan. 21 : Jaguar Land Rover India on Friday announced the opening of a world-class facility in the city of Noida, Uttar Pradesh, thereby expanding its network in Delhi NCR.

The state-of-the-art 3S facility (Sales, Service and Spare parts) was inaugurated by Rohit Suri, President and Managing Director, Jaguar Land Rover India Ltd (JLRIL) and Amit Garg, Director, Shiva Group marking the launch of a second retailer in Delhi NCR.

This dealership facility is designed and equipped to provide the highest quality of sales and after-sales services. The facility boasts of a display space for 18 cars enabling Jaguar Land Rover to showcase almost its entire range.

Ola hires Shalabh Seth as CEO for Ola Fleet Technologies

Ola hires Shalabh Seth as CEO for Ola Fleet Technologies

New Delhi [India], Jan 11 : Taxi aggregator Ola on Wednesday announced appointment of Shalabh Seth as the CEO of Ola Fleet Technologies, a wholly owned leasing subsidiary.

Shalabh joins Ola from SAB Miller India, where he served as the Managing Director and was responsible for business expansion and growth in the country.

He joins Ola at a time when the company is experiencing rapid growth and is transforming the ride-sharing industry through product and business innovation.

As CEO of Ola Fleet Technologies, Shalabh will drive supply growth through leasing and other driver focused initiatives, to consolidate Ola's position as the market leader in the Indian ridesharing space.

Uber launches 'UberFLEET' for fleet owners in 29 cities across India

Uber launches 'UberFLEET' for fleet owners in 29 cities across India

New Delhi [India], Dec 6 : Taxi aggregator Uber on Tuesday announced the launch of 'UberFLEET', an android app for its fleet-partners in India to improve the overall productivity for fleet owners by making the process of managing drivers more efficient and reducing their downtime.

Largest on-demand ride-sharing company has hundreds of thousands of driver partners in India, and a lot of them have progressed forward in life as entrepreneurs.

"We built technology that supports them in managing their fleets.

Nissan GT-R launched in India at Rs 1.99 crore

Nissan GT-R launched in India at Rs 1.99 crore

Mumbai: The 2017 Nissan GT-R, Nissan Motor India's flagship sports car, was launched for the first time in India priced at Rs 1.99 crore (ex-showroom, New Delhi).

"The GT-R is a very special car for Nissan and we are delighted to add it to our Indian line-up for the first time in its history," Guillaume Sicard, President - Nissan India Operations was quoted as saying in a statement.

"It also continues our commitment to our Indian customers to offer an evolving range of dynamic and exciting new models. The GT-R will give a great boost to the Nissan brand in India and is guaranteed to turn many heads."

According to the company, 2017 Nissan GT-R is produced at Nissan`s state-of-the-art plant in Tochigi, Japan, and will be brought to India as a CBU (completely built-up unit).

Yamaha holds memorial ceremony for production of one millionth motorcycle

Yamaha holds memorial ceremony for production of one millionth motorcycle

Iwata [Japan], Dec.1 : Yamaha Motor Co., Ltd. announced today that local group company Yamaha Motor Philippines, Inc. (YMPH) has produced its one-millionth motorcycle today since the company's establishment.

To mark this event, the Batangas Province-based YMPH held a memorial ceremony attended by Katsuhito Yamaji, Senior Executive Officer and General Manager Manufacturing Center, Yoshihiro Hidaka, Executive Officer and Manager of Motorcycle Business Operations 1st Business Unit, 800 YMPH employees, and other guests.

Ola Outstation brings 'one-way' trip fares; connects with 500+ cities across India

Ola Outstation brings 'one-way' trip fares; connects with 500+ cities across Ind

New Delhi [India], Nov 4 : Taxi aggregator Ola has announced the launch of 'One way' trip fares on Ola Outstation for smart mobility solution for inter-city travel.

Bringing more flexibility, convenience and cost-effectiveness to the recently launched Ola Outstation; the introduction of 'One-way' fares allows customers to avail one-way bookings at reduced fares.

One-way on Outstation gives customers the option of booking a cab for an outstation trip without having to pay for a round trip that they haven't taken. This has been made possible due to the sheer scale of Ola, as the largest transportation platform, connecting 500+ cities and towns across India with its unique Outstation offering.

Yamaha Motor wins first German Design Award

Iwata [Japan], Oct.24 : Yamaha Motor Co., Ltd. announced today that its flagship supersport YZF-R1 model has been selected as the winner of the transportation category of the "German Design Award" competition.

This achievement represents Yamaha Motor's first nomination for this award, and was selected as a first-time category winner from among over 4,000 entries.

In addition, the German Design Award marks the fourth design award received by the YZF-R1 (2015 overseas model), following on from the Good Design Award 2015, iF Design Award 2016, and the Red Dot Award: Product Design 2016.

In the German Design Award, the German Design Council recommends products from around the world which have already been evaluated as of a high design standard.

Honda 2Wheelers India unleashes new TV commercial featuring Akshay Kumar

New Delhi [India], Sept.21 : Celebrating the success of its advanced customer-centric technology - the Combi Brake System (CBS) with Equalizer, Honda Motorcycle and Scooter India Pvt. Ltd. (HMSI) has unleashed its latest 360 degree marketing campaign to celebrate the milestone.

Honda introduced the unique Combi Brake System with Equalizer technology almost 30 years ago globally. In India too, Honda become the 1st two-wheeler company to introduce its proven CBS technology with the unique Equalizer advantage in 2009.

Toyota launches its second generation Prius PHV named Prius Prime

Toyota launches its second generation Prius PHV named Prius Prime

The Prius Plug-In by Toyota, the Japanese automaker is already commercially available. The company launched another model in the series named as the Prius Prime. The new model is quite much different from the previous one.

The new car receives many noticeable changes on exterior. For instance, changes in anterior and the grille of the vehicle. The front end of the Prius Plug-In looks outdated and plain, while the new model is more defined grille design that's connected to the slim headlights. There is a major facelift on its overall shape.

The new design has a lower arching back making the side windows appear longer. On the other hand, Plug-In has traditional aerodynamic styling of the original Prius cars. The Prius Prime has sporty design and its back is almost unique.

ROBORACE to follow all-electric FIA Formula E series during the 2016-2017 Season

ROBORACE to follow all-electric FIA Formula E series during the 2016-2017 Season

The FIA Formula E Series and Kinetik announced collaboration on Friday that is all geared up to see the first autonomous motor racing series, starting in 2016. The new series have been named ROBORACE, which is going to follow the all-electric FIA Formula E series in the 2016-2017 season.

While talking about the motive behind the move, Denis Sverdlov, Founder of Kinetik and ROBORACE, said that they passionately believe that all vehicles in the world will be assisted by AI and powered by electricity in the coming time, which would improve environment and road safety.

GM and UAW reach Tentative Agreement

GM and UAW reach Tentative Agreement

As their contract was about to terminate, the United Automobile Workers union (UAW) and General Motors (GM) on Sunday night announced a tentative agreement on a latest national agreement that covered around 52,000 employees.

Dennis Williams, the union president, mentioned in a statement, “We believe that this agreement will present stable long-term significant wage gains and job security commitments to UA members now and in the future”.

The details weren’t disclosed yet, and the union said that the tentative agreement continued to have the wage progression formulation forged in the last week agreement with Fiat Chrysler.

LG, GM team up to develop Chevrolet Bolt electric vehicle

LG, GM team up to develop Chevrolet Bolt electric vehicle

General Motors (GM), American Multinational Corporation headquartered in Detroit, is involving LG, which is famous for its TVs, appliances and smart phones, in the development of its forthcoming Chevrolet Bolt electric vehicle. This deal makes LG a part of electronics manufacturers and a partner of GM in developing one of the upcoming cars.

LG, multinational electronics company headquartered in Seoul, is a huge company with multiple businesses and it is not shocking to see that the company would want to enter into this risky voyage. Besides electronics and devices that are consumer-ready, LG also deals in batteries and display. The latter is the reason for the partnership with GM.

Fiat Chrysler begins process of selling 10% stake in Ferrari to Wall Street investors

Fiat Chrysler begins process of selling 10% stake in Ferrari to Wall Street inve

Fiat Chrysler Automobiles NV has started the process of sale of a near 10% stake in luxury sports car brand Ferrari to Wall Street investors. On Monday, Fiat Chrysler gave a statement, saying that the initial public offering is going to price Ferrari at $48 and $52 per share, valuing one of Formula 1's most famous marques at $9.8 billion.

According to Fiat, the stake sale belongs to a ‘series of transactions to separate Ferrari from FCA’. It added that the motive of the sale is to distinguish the luxury brand from its mass-market parent, while unlocking value in sports car maker for raising money to support the growth plans of Fiat Chrysler.




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