Skoda Auto India Monday said it will increase prices of all its models by up to 2 per cent from January 1, 2019.
Auto major Maruti Suzuki India (MSI) said it has crossed cumulative sales milestone of five lakh CNG vehicles in the country.
Tata Motors Monday reported 7 per cent decline in group global wholesales, including Jaguar Land Rover (JLR), at 1,04,964 units in November 2018.
Engineering and farm equipment maker Escorts has formed a joint venture (JV) with Japan's Kubota Corporation to produce high-end technology tractors for domestic as well as export geographies, a joint statement issued by the two companies Monday said.
Tokyo prosecutors are due to indict ousted Nissan Motor Chairman Carlos Ghosn as well as the automaker itself, sources said, intensifying scrutiny of CEO Hiroto Saikawa’s role in the financial misconduct scandal.
Nissan said it was seeking to block former chairman Carlos Ghosn’s access to an apartment in Rio de Janeiro, citing a risk that the executive, arrested and removed from his role for financial misconduct, may remove or destroy evidence.
Volkswagen has denied allegations that Chairman Hans Dieter Poetsch knew about the carmaker’s emissions test cheating almost three months before U.S. authorities made it public in September 2015.
South Korean auto major Kia Motors is not worried over the lack of policy for eco-friendly vehicles in India as it can quickly adapt from its existing global portfolio for the local market, according to a senior company official.
Tata Motors, which is on a comeback trail, is betting big on its upcoming SUV Harrier to place itself among the top three passenger vehicle manufacturers on a sustainable basis, a top company executive said.
Former Nissan Motor Co Ltd (7201.T) chairman Carlos Ghosn signed documents for the Japanese automaker to pay him 1 billion yen ($8.86 million) of deferred annual compensation after he left the company, the Asahi newspaper reported on Friday.
Nissan told Renault its Chief Executive Hiroto Saikawa was unable to attend an Amsterdam meeting because he was assisting Tokyo prosecutors investigating alleged misconduct led by Carlos Ghosn, chairman of the carmakers’ alliance, sources with knowledge of the matter told Reuters.
Volkswagen said it can build up to 15 million electric cars using its new MEB vehicle platform, revealing the extent of the carmaker’s push to mass produce zero-emission vehicles.
Utility vehicles major Mahindra & Mahindra (M&M) Friday said its recently launched multi-purpose vehicle Marazzo has received four-star rating by Global NCAP for adult occupation protection.
German auto major Volkswagen Friday said it will increase prices of its products in India by up to 3 per cent from January 2019 citing rising input costs.
Tata Motors-owned Jaguar Land Rover (JLR) reported 8 per cent fall in retail sales at 48,160 units in November as compared with the same month last year.