By Kamal Swami
Aiming to strengthen its presence in India's competitive commercial vehicle segment, Mahindra & Mahindra Ltd. on Monday announced its plan to acquire SML Isuzu Ltd., an established manufacturer of light commercial vehicles (LCVs) and buses. The announcement was made at a press conference addressed by Mahindra’s top executives. In.... [Read More]
By Kamal Swami
The market regulating body of Indiathe Securities and Exchange Board of India (SEBI), has launched an investigation into Gensol Engineering over the misuse of electric vehicle (EV) loans, raising serious questions about corporate governance and financial conduct. SEBI has also barred Gensol’s founders, Anmol Singh Jaggi and Puneet Singh.... [Read More]
By Kamal Swami
As a part of an important step in improving the connectivity of Mumbai with suburban areas, the Mumbai Metropolitan Region Development Authority (MMRDA) has initiated the construction of a new elevated road corridor between Ghatkopar and Thane. It is expected that the construction of this corridor will reduce travel time and control traffic.... [Read More]
By Kamal Swami
Since the domestic carmaker, Mahindra & Mahindra unveiled its newly expanded Mahindra India Design Studio (MIDS) in Kandivali, Mumbai, the auto industry is waiting for a big surprise from the carmaker. Industry experts believe that this step by Mahindra will strengthen its design and innovation efficiencies and the world will see some.... [Read More]
By Kamal Swami
With a highly awaited trade agreement between the European Union and India, EU is expecting Indian government to cut-off high import tariffs on cars. According to sources Prime Minister Narendra Modi's government also seems in mood to revising its current proposal to move the negotiations forward. It is reported that the government of India.... [Read More]
By Kamal Swami
Union Commerce Minister Piyush Goyal has confirmed that Chinese electric vehicle (EV) manufacturer BYD will stop its operation in India "for now," due to strategic and regulatory concerns. Addressing the India Global Forum in Mumbai, Goyal told Bloomberg TV that India is alert about investments by neighbouring China. In the words of.... [Read More]
By Kamal Swami
The country's leading car manufacturing company Maruti Suzuki India Limited is all set to launch the much-awaited e-Vitara compact SUV in the Indian car market sometime in the month of May this year. While Maruti Suzuki India Limited (MSIL) has yet to make an official announcement, several dealers across the country have already begun.... [Read More]
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