A brief round up of the top headlines that dominated the Auto sector, nationally and internationally.
Mahindra First Choice services, the used car services arm of Mahindra & Mahindra, plans to sell a stake to raise up to Rs. 250 crore and invest the proceeds in a startup initiative whereby it plans to aggregate car servicing centres.
Mercedes Benz ruled out using biodiesel to power its cars and other vehicles in India. The German luxury car maker clarified that it never committed any such possibility to Union transport minister Nitin Gadkari.
Homegrown auto major Mahindra & Mahindra's investment in technology and product development has risen over 16-fold in ten years to touch Rs 1,938 crore in 2015-16.
Two-wheeler manufacturer Suzuki Motorcycle India Private Limited, a subsidiary of Suzuki Motor Corporation, Japan, said it has appointed Sajeev Rajasekharan as its new Executive Vice President for Sales & After-Sales.
The National Green Tribunal (NGT) directed the Delhi government’s transport department to deregister diesel vehicles that are more than 10 years old.
Toyota Innova Crysta is now ready to add a petrol engine in the line-up as the Japanese automaker has now made the new variant available for bookings for a token amount of 1 lakh.
Auto component manufacturer JBM Auto said it will invest Rs 300 crore for development and manufacturing of electric and hybrid buses in India through its joint venture with Poland's Solaris Bus & Coach.
Mercedes Benz ruled out using biodiesel to power its cars and other vehicles in India. The German luxury car maker clarified that it never committed any such possibility to Union transport minister Nitin Gadkari.
Homegrown auto major Mahindra & Mahindra's investment in technology and product development has risen over 16-fold in ten years to touch Rs 1,938 crore in 2015-16.
Two-wheeler manufacturer Suzuki Motorcycle India Private Limited, a subsidiary of Suzuki Motor Corporation, Japan, said it has appointed Sajeev Rajasekharan as its new Executive Vice President for Sales & After-Sales.
The National Green Tribunal (NGT) directed the Delhi government’s transport department to deregister diesel vehicles that are more than 10 years old.
Toyota Innova Crysta is now ready to add a petrol engine in the line-up as the Japanese automaker has now made the new variant available for bookings for a token amount of 1 lakh.
Auto component manufacturer JBM Auto said it will invest Rs 300 crore for development and manufacturing of electric and hybrid buses in India through its joint venture with Poland's Solaris Bus & Coach.
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