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Govt wants auto companies to cut royalties to foreign parents

Manufacturing

18 August, 2020

Govt wants auto companies to cut royalties to foreign parents

India's commerce minister has asked automakers to find ways to reduce royalty payments to foreign parent companies for use of ......

Automakers seek tax cut to boost demand after coronavirus hit

Manufacturing

17 April, 2020

Automakers seek tax cut to boost demand after coronavirus hit

Automakers in India want a temporary tax cut on cars, trucks and motorbikes as well as incentives to scrap old ......

India car sales crash in March on coronavirus lockdown

Manufacturing

01 April, 2020

India car sales crash in March on coronavirus lockdown

Automakers in India saw a steep fall in sales in March as a slowdown in demand was exacerbated by shutdowns ......

Toyota-backed bus aggregator Shuttl raising capital from new investor

TMT

15 January, 2020

Toyota-backed bus aggregator Shuttl raising capital from new investor

Gurugram-based bus aggregator Shuttl is set to raise $8.1 million (about Rs 57.42 crore) as part of its Series C ......

Fiat Chrysler, Peugeot owner seal $50 bn merger deal

Manufacturing

18 December, 2019

Fiat Chrysler, Peugeot owner seal $50 bn merger deal

Fiat Chrysler and Peugeot maker PSA have reached a binding agreement over their roughly $50 billion merger that will reshape ......

Suzuki joins Ford, other foreign automakers in rethinking India strategy

Manufacturing

08 November, 2019

Suzuki joins Ford, other foreign automakers in rethinking India strategy

Suzuki Motor Corp said it was no longer gung-ho about India’s auto market, the world’s fourth-largest, where it has seen ......

Fiat Chrysler, Peugeot plan to create world's No.4 carmaker

Manufacturing

31 October, 2019

Fiat Chrysler, Peugeot plan to create world's No.4 carmaker

Fiat Chrysler and Peugeot owner PSA plan to join forces through a 50-50 share swap to create the world’s fourth-largest automaker, ......

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Toyota affiliate paying premium to buy stake in Vardhman Special Steels

Manufacturing

05 September, 2019

Toyota affiliate paying premium to buy stake in Vardhman Special Steels

Aichi Steel Corporation, a Japanese steelmaker and an affiliate of automaker Toyota Motor Corp, has agreed to acquire a minority ......

Automakers demand tax cuts as sales plummet for 10th month

Manufacturing

03 September, 2019

Automakers demand tax cuts as sales plummet for 10th month

India’s passenger vehicles sales are set to fall for a tenth consecutive month in August, forcing analysts to slash their ......

Fiat Chrysler, Renault weigh $35 bn merger to form world's third-biggest automaker

Manufacturing

27 May, 2019

Fiat Chrysler, Renault weigh $35 bn merger to form world's third-biggest automaker

Fiat Chrysler pitched a finely balanced merger of equals to Renault on Monday to confront the costs of far-reaching technological ......