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Shanghai Auto purchases one percent stake in GM
China's Shanghai Automotive Industry Corp(SAIC) confirmed that the company has bought 1 percent stake in General Motors for $ 500 million. The state controlled SAIC stated that this investment was mad
India to follow US and Europe in its fuel efficiency norms
India is looking ahead to change its fuel efficiency norms so that these norms can be measured through different cars by a company rather than a single vehicle. Officials from the power ministry's bur
Russia, India likely to follow Chinese auto mobile industry
Meyrick Cox of Moelis & Co., mentioned on Tuesday that Russian and Indian companies are likely to follow the foot steps of China in executing the overseas business to expand automobile industry.Chines
Germans respond to Jairam's statement on SUVs
Germans are fuming over the comment made by the reputed minister Mr Jairam Ramesh on the SUVs emission standards of the premium segment cars of BMW and the likes. the Germans responded on the comment
Automakers eye Chennai, suburbs as manufacturing hub
As per the Tamil Nadu Government, Chennai and its surrounding areas have witnessed a total investment in car production units which will touch the mark of USD 15 billion. Chennai and its suburbs are b
Rural Markets act as magnets for the Auto Giants
Indian auto market has shown an accelerating growth. The automakers are now looking forward to invest in the rural auto market seeing the exceptional growth prospects. The biggies in the auto industry
Citroen to soon enter the Indian Auto Market
Soon, it is expected that, Citroen, which is a subsidiary of Peugeot Citroen group will join the league of car manufacturers in the Indian car market. The Citroen group, is a reputed name in the globa
SUVs on target by Environment Minister
This is time when SUV's and other Luxury car makers were alert as the Environment minister Jairam Ramesh on Friday turned his head towards sub-optimal fuel efficient cars in India. Jairam made a state
2nd International NGV 2010 ceremony to be held in Mumbai
The 2nd International Natural Gas for Vehicles ceremony, NGV India 2010 will be held in Mumbai. The program scheduled from 24 to 26 November 2010 at Bombay Exhibition Centre (BEC), will showcase trade
Auto sales during festive month of October 2010
The festive season has always been an important occasion for the automobile industry where a constantly rising demand for various products can be observed. SIAM has provided the important figures for
Hi-Tech Gears trying for acquisitions in the West
Auto component manufacturer, Hi-Tech Gears is on a shopping spree. The company is seeking westwards opportunities for the deal. Hi-Tech Gears has also said in one of its statements that it is explorin
Auto sector witnesses 37.9 per cent sales growth in October, 2010
2010, October, proved to be a very auspicious month for the Indian auto industry. The sales of cars rose to 37.9 per cent which is the result of the growing economy and increasing purchasing power of
Auto sector recruits the most in October
The auto sector of India is growing fast. It has achieved many milestones and is gaining popularity all over the world. The constantly rising demand and the powerful economic growth is taking the auto
Force Motors coming with new SUV next year
Pune based Force Motors are planning to soon join the mainstream Indian auto market. The car makers are developing an all new SUV as an entry level vehicle in the ever increasing SUV segment. It being
Ruia group interested in Rs 500 cr car radial joint venture
According to the sources, the Ruia Group is at a very advanced level of discussion for deciding on a foreign technology partner so that a proposed joint venture plant can be established. This proposed
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