AUTOMOBILES
Fiat Chrysler to set up $150mn Global Digital Hub in Hyderabad
FCA ICT India, FCA's new innovation and technology development facility, will create nearly 1,000 new cutting-edge technology jobs by the end of 2021 and it has plans to increase hiring over the next two to three years. This will be FCA's second largest facility outside North America, Europe, Middle East and Africa.
M&M to increase price of passenger, commercial vehicles from Jan
The price revision will affect its range of 'Passenger and Commercial Vehicles', across models. The move has been necessitated because of the increase in prices of commodities and various other input costs, according to the company's statement.
17% of BMW motorcycles made by TVS Motor
In 2013, TVS Motor and BMW signed an agreement to jointly develop motorcycles in the 250-500cc range to be sold through their respective distribution networks. Later the company started rolling out the 310cc motorcycle. The 310cc bike and its engine were developed jointly with the German automobile giant BMW on a common platform/architecture.
Audi starts production of its 5th gen A4 in Aurangabad, India-launch in 2021
The Chief of Audi India Balbir Singh Dhillon took to Instagram to announce the commemoration of the new A4 in India. The 5th gen Audi is expected to hit the roads in India in the first of 2021. However, it will be almost 2 years late to debut in India as it was already launched overseas in 2019.
2020 Hyundai i20 sets milestone with 30,000 bookings in 40 days
The i20 is one of the best-selling cars in the country. It comes with Hyundai’s latest Sensuous Sportiness design philosophy, a new redesigned exterior body and a more refined interior. It has sportier look than its predecessor with a more striking grille, better headlamps and LED Daytime Running Lights. The back bumper gets a whole new design as well.
Tesla to shut down Model S and X production for 18 days
According to an internal memo accessed by CNBC, workers on those production lines will get a week's pay and some will get paid holidays. The shutdown of the Model S and X lines suggests that the high demand does not extend to these older models.
YoY passenger vehicle sales rose over 4% in Nov
According to industry data released on Friday, passenger vehicle sales rose by 4.65 per cent in November on a YoY basis. The category includes sub-segments of cars, utility vehicles and vans.
Auto industry cautious as farmers stir reaches key manufacturing cluster
Following no agreement in their talks with the government, the agitating farmers have announced that they will block the Delhi-Jaipur highway (National Highway 48) on or before December 12.
Hero MotoCorp logs 14% growth in November sales
Hero MotoCorp said that it has led the revival in the two-wheeler industry this year and this was witnessed in the record retail sales that the company registered in the recently concluded festival period.
Overall November sales of Tata Motors zoom up 21%
Besides, the company's total domestic sales rose by 26 per cent to 47,859 units from 38,057 units off-take in November 2019.
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