Car Manufacturing News

Videos

Maruti Suzuki India aims to double turnover to around 1.68 lakh crore by 2030-31 | Mint Primer

Maruti Suzuki, India's largest car manufacturing firm, aims to double its turnover to ₹1.68 lakh crore by 2030-31, contributing to Suzuki Motor Corporation's goal of achieving a global turnover of ₹4.32 lakh crore. The company plans to invest in production facilities and human resources to handle the increased volume. The expansion includes a new manufacturing facility with a capacity of 10 lakh vehicles per year. Maruti Suzuki also plans to enter the above ₹20 lakh category to maintain leadership in the MPV segment.

17 Jul 2023
Videos

EV Race: After Tesla, Chinese BYD Seeks $1Bn Investment In India; Will Modi Govt Nod? | Details

Chinese Auto major BYD Co wants to invest a billion dollars to set up EV manufacturing and battery factories in India. This development has become public just after Tesla’s India plans came to light. Byd Co which is the world’s 3rd largest automaker wants to set up a JV with an Indian company and make cars. BYD is swiftly expanding globally, its foray into india is seen as a strategic move to directly compete with Tesla. Should the investment proposal in India receive approval, it would enable BYD to establish a significant presence in all major automotive markets worldwide, with the exception of the United States.

15 Jul 2023
News

Tamil Nadu unlock: Carmakers in Chennai allowed to operate at full capacity

Tamil Nadu state, one of the country's worst-hit, allowed industrial units with export commitments to operate at 100% capacity

1 min read20 Jun 2021
Auto

Volkswagen may use Ford’s US plants to build cars

Volkswagen is in 'quite advanced negotiations' with Ford to build a global alliance, says VW CEO Herbert Diess, Bill Ford says talks on a VW-Ford alliance are going 'very well'

2 min read5 Dec 2018
Industry

In a world of robots, carmakers are hiring more humans

Of the 13 publicly traded automakers with at least 100,000 workers at the end of their most-recent fiscal year, 11 had more staff compared with year-end 2013

2 min read19 Sep 2018
Industry

Govt may let carmakers import certified vehicles

The ministry of road transport and highways is considering allowing foreign auto manufacturers to import 2,500 vehicles each annually to promote local manufacturing

2 min read22 Jun 2018
Industry

Toyota mulls price hike by up to 3% from January

Toyota Kirloskar Motor said it is considering to increase prices of its models by up to 3% from January, to offset impact of rising input costs

1 min read7 Dec 2017
Industry

SAIL, ArcelorMittal to sign pact for auto-grade steel plant: Steel minister

Steel minister Birender Singh says the SAIL-ArcelorMittal joint venture for 1.5 million tonne steel plant will produce high-end steel that would be used in car manufacturing

1 min read21 Nov 2017
Industry

Ford to invest $756 million in China with Zotye for electric cars

Ford and Anhui Zotye Automobile plan to build a new manufacturing facility in China's Zhejiang province, the electric vehicles will be sold under a new Chinese brand

2 min read8 Nov 2017
Companies

From software to staffers, Tesla and SpaceX share more than Elon Musk

Elon Musk's SpaceX and Tesla focus most of their collaboration on tangibles like software, engineering and materials

5 min read7 Sep 2017
Load More

Popular Topics

Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

25 Articles