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Agriculture And Allied Industries

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Tata Motors, Volkswagen to jointly develop auto parts, vehicle concepts

New Delhi: Tata Motors Ltd and Volkswagen Group signed a memorandum of understanding (MoU), which will be joined by Volkswagen's Skoda Auto AS, for exploring long-term cooperat...

March 14, 2017

GST to provide US$ 39bn auto ancillary industry fuel for growth

Jaipur: The implementation of The Goods and Services Tax (GST) is expected to reduce the effective tax rate for auto ancillary industry from the existing 28-30 per cent to 18 per c...

March 01, 2017

Sundaram Clayton to invest in US plant; expand in India too

Chennai: Sundaram Clayton, part of the TVS group, plans to invest US$ 50 million in US and Rs 400 crore (US$ 59.76 million) in India over the next three years.


February 13, 2017

Gestamp invests Rs 260 crore in hot stamping plant in Pune to meet future light weighting needs of car makers

Mumbai: Gestamp, the Spain-based auto components manufacturer, has invested around Rs 260 crore (US$ 38.8 million) for setting up its new hot stamping plant in Pune, and plans to e...

February 09, 2017

Motherson Sumi buys Finnish wiring harness maker PKC for €571 mn

Mumbai: Motherson Sumi Systems Ltd, an automobile components manufacturer, has acquired Finland-based truck wire maker PKC Group Pic for € 571 million (US$ 607.42 million), wh...

January 20, 2017

Exide to invest Rs300 crore to expand capacity in West Bengal

New Delhi: Exide Industries, India’s biggest automotive battery maker, plans to invest around Rs 300 crore (US$ 44.1 million) to expand its capacity for advanced motorcycle b...

January 03, 2017

Mercedes sets up India's largest spare parts warehouse

Mumbai: Mercedes Benz India Private Limited has set up India’s largest spare parts warehouse in Pune, which has the capacity to stock up to 44,000 parts and will have a vehic...

September 16, 2016

Maker of JBL audio systems, Harman International expects India business to triple in 3 years

New Delhi: Mr Dinesh Paliwal, Chief Executive Officer of US-based Harman International Industries, has stated that India is an important market for the company and expects to tripl...

September 14, 2016
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