Mahindra & Mahindra on Wednesday said it will look at sharing vehicle platforms with that of South Korean company SsangYong Motor, the acquisition of which it expects to complete by December.
What happened to six-year old Indian American girl Alyssa Thomas, happened to late Senator Edward Kennedy a few times, when he was stopped at airports because his name was seen on a no-fly list. When the family tried to clear up the issue with Homeland Security, they received a letter notifying them that it could not be changed.
This means the already-minuscule sale of retrofitted CNG variants of Aveo, Logan, Accent, Santro, Corolla Altis and Innova is set to take a hit.
Nissan also has a car-manufacturing tie-up with its global alliance partner Renault.
M&M has a joint venture with Renault -- Mahindra Renault Pvt Ltd -- which manufacture the only product Logan in India.
The 51:49 JV, owned by M&M and Renault in that order, manufactures the Logan, a mid-sized sedan from a facility based in Nashik.
Spokesman Sandy Logan said racism and violence issue against foreign students were not mainly to be blamed for the slide in visa applications. It was also due to stricter and tougher scrutiny of applications and the immigration department has been rejecting a higher number of applications from India, he said.
"Renault will have much more products for India. There will be a full line up of products of Renault for India and we have not come to India to sell one specific car."
Boeing sticks with lithium-ion battery despite issues.
"They (Mahindra Renault) are planning to launch Sandero, which is very similar sounding to our Santro. Both are hatchbacks and Santro is an established trademark and they are trying to get mileage out of it," a senior HMIL official said.
Renault, which has a joint venture with M&M that sells entry level sedan Logan, has been a subject of speculation over its relationship with the Indian partner and declining sales of the car had put a question mark over the future of the JV -- Mahindra Renault Pvt Ltd, in which the French firm has 49 per cent stake.
The Manza will be available with two fuel options, seven colours and four versions -- Aqua, Aura, Aura (ABS) and Aura+. The car will be powered by a 1.4 litre Saffire petrol engine and a 1.3 litre Quadrajet diesel engine sourced from Fiat, both producing identical power.
The Manza is basically the sedan version of the indigenous hatchback, Indica Vista.
M&M said it is also in talks with Renault to bring in a new product in the JV, but nothing has been finalised
Workers of the Nashik plant had gone on an indefinite 'tool down strike' from May 4 in protest against the suspension of Mahindra Union president Madhav Dhatrak by the management and the company's alleged delay in signing a wage agreement for the past 22 months.
The deadlock between Mahindra & Mahindra and over 4,400 workers at the company's Nashik plant hardened on Friday, with the union saying it was appointing a lawyer to appeal to the Bombay High Court against an industrial court-imposed 48-hour deadline for workers to return to work. The deadline ended today.
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Workers at Mahindra & Mahindra's largest plant, at Nashik, have gone on an indefinite 'tools down' strike, denting the company's revenue by Rs 25 crore a day.
The move comes after Renault's troubled five-year partnership with Mahindra & Mahindra failed to provide the French company with a platform to become a serious player in the country.
These companies are keen on having a presence in the segment below their current range of premium sedans, whose market is relatively smaller in size.
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UK flag carrier British Airways plans to tie up with an Indian domestic carrier in a franchise partnership.
Brazil, captained by Ronaldinho, struggled to a 1-0 win over nine-man Belgium in their opening match at the Olympic games soccer tournament on Thursday. Midfielder Hernanes cut inside his marker and fired between Logan Bailly and the near post in the 78th minute to get Brazil off to a winning start in their quest to win a first gold in Olympic soccer.
Mahindra & Mahindra, the country's biggest utility vehicle maker, is re-considering plans to sell French carmaker Renault's vehicles through its own distribution network after pulling out of a joint venture agreement in January.
Adversity often brings out the best in companies, even state-owned ones. Faced with a bloated fuel bill, companies are busy devising new ways to control costs. These range from cut in travel to shift to cheaper fuels and even reduced recruitment. Power equipment maker Bharat Heavy Electricals Ltd has a brand new strategy in place -- it will set up onsite fabrication units rather than transport equipment over long distances.
Swift Dzire delivered on its promise of being a proper sedan and found favour with Derby respondents.
The country's second largest two-wheeler maker Bajaj Auto Ltd (BAL) on Monday joined hands with Renault-Nissan to launch a small car in India by 2011 that will compete with Tata Motors' Nano on price point - Rs 1 lakh.
Mahindra & Mahindra Ltd, India's largest sports utility vehicle and tractor maker, is bullish on its latest acquisition of REVA Electric Car Company.
The Swift gets the boot! We preview the new Maruti Suzuki Swift Dzire.
The chief executive of South Africa's players' association on Thursday urged axed fast bowler Andre Nel not to make a decision regarding his future in the heat of the moment.
In a fresh flare-up of political clashes in Kerala's Kannur district, two BJP workers and a CPI-M activist were stabbed to death and one person was injured in separate incidents in Thalassery, triggering panic and tension in the politically sensitive belts of the town on Wednesday, the police said. Violence broke out after the stabbing of a BJP worker Sumesh (40) by suspected CPI-M workers at Narangapuram in the town at 3 pm. He suffered serious head injuries and one of hi
Maruti Suzuki, the country's largest car maker, continued its three-month dream run by notching up a 15 per cent jump in domestic sales in March. Maruti's March sales follow a 19 per cent growth in February, when it sold a record 70,625 cars -- the highest ever by the company. In March 2008, the car maker sold over 64,000 cars.
The global alliance between Renault-Nissan and Daimler AG announced today is likely to add one more car to the list of small cars jostling for market share.
Mahindra & Mahindra, the Indian carmaker, confirmed Tuesday that it had pulled out of a $1bn joint venture with Renault and Nissan to set up a factory near Chennai.
Market leader Maruti registers a growth of 19% in 2007.
The i10 managed to impress the Business Standard Motoring jury across various counts, including build quality, ride, handling, driveability, comfort and safety features. A compelling price tag and above average fuel efficiency further clinched the deal for Hyundai's made-in-India car for the world.
Three models from Maruti Suzuki, as well as models from Mahindra-Renault, Chevrolet, Toyota and Honda have got top rankings in their respective segments in a survey for new-vehicle design and performance in India, according to J D Power Asia Pacific 2007 India Automatic Performance, Execution and Layout Study (APEAL) released on Wednesday.
Carmakers seem to be driving in the right lane with their new models, with three of the new launches - Maruti Swift diesel and Mahindra Renault Logan as well as GM's Chevrolet Aveo U-VA - finishing on the top of their segments in a customer satisfaction survey.
Posting a remarkable turnaround after a dip in sales for three previous months, Maruti Suzuki sold a record 67,005 vehicles in the domestic market--the highest ever in a month in its 25-year history--reflecting a 5.6 per cent growth over January 2008. The previous sales record was 65,216 units, notched up in November 2007, when there was no slowdown.
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