Group items tagged

Mahindra Reva recently inaugurated their new facility in Bangalore, which will manufacture their first ever four seater full sized electric car that is so far named NXR.

Renault India's manufacturing plant in Chennai for making engines will begin operations by April 2012. These engines are part of the company"s localisation process for their small new hatchback. This car is scheduled to hit Indian markets in January, and is an India specific car, which not be produced in another market.

The government of Gujarat will allocate a 400 acre plot to the leading US auto company Ford Motors for setting up their second manufacturing facility in India. The INR 5,000 crore plant will be located near the main facility of Tata Nano in Sanand, about 40kms from Ahmedabad.

Daimler AG recently announced about their opening of their finance facility in India, to provide insurance and finance solutions to Mercedes and Daimler buyers in India.

The Cabinet recently announced that they have offered a tax concession of INR 9 crore to Toyota Kirloskar Motors for their small car facility in Bidadi.

The Nissan Micra hatchback from Nissan India has more of a demand in overseas market as compared to the Indian domestic market. Most Nissan Micra exports are handled from its Oragadam manufacturing facility in Chennai.

Ford India will soon shift their headquarters to New Delhi. The president of Ford Africa and Asia Pacific, Joseph Henrichs said during a press conference that Ford India would be shifting their headquarters to New Delhi, while they would open a new facility in Gujarat.

Yesterday afternoon, the first new Range Rover Evoque was ready for sale, hot off the assembly line at the company's facility in Halewood, UK. The company validated on Monday that they plan to increase their expenditure on products for the following five years by 1.5bn Euros per annum, instead of their earlier set target of 1bn Euros per annum.