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India: Business News

Weekly Summaries

Automotive Prepared on: July 13, 2016

The India business news weekly summary covering comprehensive hard-to-find business news and company announcements related to Automotive companies of India compiled and curated during last 6 days.

TABLE OF CONTENTS

Section 1 - India Companies' Business Activities Globally: By Company Name 2

Section 2 - Foreign Companies' Business News with India: By Company Name 7

Section 3 - Company News: By News Type 8

Section 4 - Industry News 14

Indian Companies Covered: Ashok Leyland Ltd Bajaj Auto Ltd Escorts Ltd FIAT India Automobiles Limited Force Motors Ltd Hero MotoCorp Ltd

HMT Ltd Honda Cars India Limited Honda Motorcycle & Scooter India Private Limited

Hyundai Motors India Ltd Jaguar Land Rover India Limited JK Tyre & Industries Ltd Mahindra & Mahindra Limited Maruti Suzuki India Ltd Mercedes-Benz India Private Limited Nissan Motor India Private Limited Rajratan Global Wire Ltd Rane Group Renault India Private Limited Royal Enfield Motors Limited Simmonds Marshall Ltd

Tata Motors Ltd Toyota Kirloskar Motor Private Limited TVS Motor Company Ltd

Volvo Auto India Pvt. Ltd Yamaha Motor (India) Pvt. Limited

Foreign Companies Covered: Changan Automobile Co. Ltd. (China) Daimler AG (Germany) Ducati Motor Holding S.p.A. (Italy)

Honda Motor Co. Limited (Japan) Indian Motorcycle Manufacturing Company (United States) KTM-Sportmotorcycle AG (Austria)

Toyota Motor Corporation (Japan) Yamaha Motor Co. Limited (Japan)

News Types Covered: Awards/Achievements Board of Directors Contracts/Deals Court Hearing (Litigation) Earnings Expansion/Diversification Future Plans General Growth / Growth Rates Imports / Exports Inflation Innovations Management Changes New Products Ratings Changes Research & Development Restructuring

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Business News Weekly Summaries July 13, 2016 India | Automotive

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Section 1 - India Companies' Business Activities Globally: By Company Name

Ashok Leyland Ltd (www) (Ticker: 500477)

Ashok Leyland launches Captain 40iT tractor in Kolkata - Ashok Leyland (500477) launched its 'Captain 40iT' tractor in Kolkata adding to its popular Captain series of trucks. More... (July 08, 2016) News Category: New Products MarketCap Group: LargeCap

Bajaj Auto Ltd (www) (Ticker: 532977)

Bajaj wins TVS shock absorber patent case - Bajaj (532977) was successful in establishing a ground of insufficiency in disclosure and the patent application is liable to be refused based on this ground alone More... (July 07, 2016) News Category: Court Hearing (Litigation) MarketCap Group: LargeCap Bajaj Auto’s exports down 21% - Bajaj Auto (532977) Chairman Rahul Bajaj said that amidst various successes, there has been a disappointment over events surrounding its quadricycle Qute. More... (July 05, 2016) News Category: Imports / Exports MarketCap Group: LargeCap Exports drag down Bajaj’s July sales - Bajaj Auto’s (532977) total sales in July were down 4% at 3.17 lakh units against 3.31 lakh units in July 2015, mainly on the back of exports which were down by 21%. More... (July 04, 2016) News Category: Earnings MarketCap Group: LargeCap

Escorts Ltd (www) (Ticker: 500495)

Escorts launches 13 new tractors in 12HP to 110HP range - Escorts (500494) unveiled their global ambitions with launch of 13 new tractors in 12HP to 110HP range under flagship brands Farmtrac, Powertrac, and Euroline series to cater specifically to the world market. More... (July 05, 2016) News Category: New Products MarketCap Group: Mid-SmallCap

FIAT India Automobiles Limited (www)

Fiat India rolls out new variants - Fiat Chrysler Automobiles India rolled the new Fiat Linea, Punto EVO PowerTech and Avventura PowerTech with more powerful engines and a touch screen infotainment system with navigation, across all trims. More... (July 07, 2016) News Category: New Products Fiat Linea 125 S launched at INR7.82 lakh - Fiat has launched the Linea 125 S at a starting price of INR7.82 lakh (ex-showroom, Delhi) More... (July 07, 2016) News Category: New Products

Force Motors Ltd (www) (Ticker: 500033)

Force Motors sells 1,614 units of SCV & LCV in June - Force Motors (500033) announced that its output of small commercial vehicles and light commercial vehicles for the month of June 2016 stood at 1,770 units, while domestic sales of the same were 1,614 units. More... (July 05, 2016) News Category: Earnings MarketCap Group: Mid-SmallCap

Hero MotoCorp Ltd (www) (Ticker: 500182)

Hero MotoCorp inks 3-year wage agreement with Gurgaon workers - Hero MotoCorp Ltd (500182) has inked a wage settlement pact with its permanent workers at Gurgaon plant, entailing an hike of INR12,500 spread over three years. More... (July 04, 2016) News Category: Contracts/Deals MarketCap Group: LargeCap

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Business News Weekly Summaries July 13, 2016 India | Automotive

HMT Ltd (www) (Ticker: 500191)

HMT Ltd - Appointment of Directors - HMT Ltd (500191) announced that Shri Subhash Chandra Pandey had been appointed as Part-time Official Director on the board of the company. More... (July 07, 2016) News Category: Board of Directors MarketCap Group: Mid-SmallCap

Honda Cars India Limited (www)

Honda Jazz completes an year in India; sells 47,335 units - Honda Cars India Ltd. is celebrating the first anniversary of the 3rd generation Honda Jazz in the Indian market. Launched in July 2015, the new Jazz accounted for 26% of total HCIL sales during the past 12 months. More... (July 07, 2016) News Category: Earnings

Honda Motorcycle & Scooter India Private Limited (www)

Honda may launch Metropolitan scooter in India to rival Yamaha Fascino - Honda Motorcycles and Scooters India (HMSI) is looking at the possibility of bringing a retro-scooter to the Indian market. More... (July 06, 2016) News Category: New Products

Hyundai Motors India Ltd (www)

Hyundai Creta's 1st Anniversary edition showcased in India - The anniversary edition of the Hyundai Creta has been showcased in India More... (July 07, 2016) News Category: Awards/Achievements Hyundai Creta waiting periods reduce to a month in India - Hyundai India said that it has ramped up production of the Creta to 13,000 units per month at its Sriperumbudur plant. More... (July 04, 2016) News Category: General

Jaguar Land Rover India Limited (www)

JLR posts record sales in 6 months till June - Jaguar Land Rover reported 22 per cent jump in global retail sales to a record 2,91,556 units in the first half this year riding on robust demand in Europe and the UK. More... (July 07, 2016) News Category: Earnings

JK Tyre & Industries Ltd (www) (Ticker: 530007)

JK Tyre is contemplating increasing tyre prices - JK Tyre (530007) has hinted that the company is contemplating increasing the tyre prices in wake of surge in the natural rubber prices. More... (July 04, 2016) News Category: Inflation MarketCap Group: Mid-SmallCap

Mahindra & Mahindra Limited (www) (Ticker: 500520)

Mahindra to launch all-new SUV on Ssangyong Tivoli X100 platform in India - Mahindra (500520) seems to be in an overdrive mode with new launches More... (July 08, 2016) News Category: Future Plans MarketCap Group: LargeCap Mahindra's new crossover to be based on SsangYong X100 platform - Mahindra (500520) is working on an all-new crossover based on the SsangYong X100 platform that also underpins the India-spec SsangYong Tivoli SUV More... (July 07, 2016) News Category: Innovations MarketCap Group: LargeCap Pininfarina to develop new product under own brand under Mahindra - Mahindra & Mahindra (500520) said its Italian engineering and design firm Pininfarina will develop a product which will be marketed under its own brand. More... (July 06, 2016) News Category: New Products MarketCap Group: LargeCap

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Business News Weekly Summaries July 13, 2016 India | Automotive

Restructuring two-wheeler business, 250 workers given VRS: Mahindra - Mahindra & Mahindra (500520) is restructuring its two-wheeler business after division failed to meet its expectations and has given voluntary retirement scheme to 250 workers. More... (July 06, 2016) News Category: Restructuring MarketCap Group: LargeCap

Maruti Suzuki India Ltd (www) (Ticker: 532500)

Maruti firm on double digit growth target in FY'17 - Maruti Suzuki India Ltd (532500) said its double digit growth target remains on track for the current fiscal despite production losses of 30,000 units in June owing to fire in one of its key vendor facilities at Manesar. More... (July 07, 2016) News Category: Growth / Growth Rates MarketCap Group: LargeCap Maruti Suzuki Ciaz races ahead, sells over one lakh units - Maruti Suzuki India Ltd (532500) has informed that Maruti Suzuki Ciaz races ahead, sells over one lakh units. More... (July 06, 2016) News Category: Earnings MarketCap Group: LargeCap Maruti Suzuki India announces production figures - Maruti Suzuki India Ltd (532500) has informed regarding the production figures of the company for the month of June 2016. Total production stood at 90,262 units in June 2016 compared to 94,548 units in June 2015. More... (July 04, 2016) News Category: General MarketCap Group: LargeCap

Mercedes-Benz India Private Limited (www)

Mercedes H1 sales remain flat on diesel ban - Sales during the first half of 2016 for Mercedes-Benz India have remained flat on the back of the diesel ban in the NCR that has now been in force for six months. More... (July 08, 2016) News Category: Earnings Mercedes-Benz India sales marginally down in Jan-Jun - Mercedes- Benz reported a marginal decline in sales in India in the first six months of the year as ban on big diesel cars and sport utility vehicles in Delhi-NCR took a toll on its business. More... (July 08, 2016) News Category: Earnings

Nissan Motor India Private Limited (www)

Datsun becomes India's fastest growing car brand - Datsun recorded 188 percent increase in sales this year, and has also emerged as the fastest growing car brand in India. More... (July 07, 2016) News Category: Awards/Achievements Nissan Motor India sold 4,297 Datsun cars in June - Nissan Motor India sold 4,297 Datsun cars last month.This unprecedented growth of the Datsun brand is due to the phenomenal response Datsun redi-GO is getting across the country, More... (July 06, 2016) News Category: Earnings

Rajratan Global Wire Ltd (www) (Ticker: 517522)

Rajratan Global Wire Ltd - Credit rating - Rajratan Global Wire Ltd (517522) has informed that ICRA has upgraded the rating to the company to BBB and A3+ from BBB-and A3. More... (July 08, 2016) News Category: Ratings Changes MarketCap Group: SmallCap

Rane Group (www)

Autoparts maker Rane charts INR678cr capex for three years - Rane Group has charted out growth involving a total investment of about INR678cr over the next three years. More... (July 07, 2016) News Category: Future Plans

Renault India Private Limited (www)

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Business News Weekly Summaries July 13, 2016 India | Automotive

Renault Kwid clocks 1.5 lakh orders since launch in India - Renault’s small car Kwid has clocked 1.5 lakh orders since its launch in September last year, playing a key role in boosting the group’s sales in Africa Middle-East India region in the first six months of 2016. More... (July 07, 2016) News Category: General

Royal Enfield Motors Limited (www)

Royal Enfield undertakes 'service update' for Himalayan - Royal Enfield is carrying out a "proactive service update" of its latest motorcycle model Himalayan to rectify issues. More... (July 04, 2016) News Category: Research & Development

Simmonds Marshall Ltd (www) (Ticker: 507998)

Simmonds Marshall Ltd - Appointment of New Company Secretary Cum Compliance Officer - Simmonds Marshall Ltd (507998) has informed that Mr. Nirmal Gupta has been appointed as Company Secretary cum Compliance Officer of the Company in place of Ms. Nidhi Sharda with effect from July 01, 2016. More... (July 06, 2016) News Category: Management Changes MarketCap Group: SmallCap

Tata Motors Ltd (www) (Ticker: 500570)

Tata Motors Group Global wholesales at 92,551 nos - Tata Motors Ltd (500570) has informed Tata Motors Group global wholesales at 92,551 nos. in June 2016. More... (July 08, 2016) News Category: Earnings MarketCap Group: LargeCap UK & European growth drives Jaguar Land Rover's record-breaking half-year sales - Tata Motors Ltd (500570) has informed that UK & European growth drives Jaguar Land Rover's record-breaking half-year sales. More... (July 07, 2016) News Category: Earnings MarketCap Group: LargeCap Tata Motors, Mahindra & Mahindra look to get back on road to glory - Tata Motors (500570) and M & M are investing more than a bn dollars each over a span of three years to build from scratch a pipeline of new products in a determined bid to wrest back lost ground in the domestic market from foreign rivals More... (July 06, 2016) News Category: Future Plans MarketCap Group: LargeCap After Tiago success, Tata Motors fast tracks work on micro SUV - Tata Motors Ltd (500570) is working on a micro sports utility vehicle (SUV) as part of a larger plan to launch new models till 2020. More... (July 05, 2016) News Category: Future Plans MarketCap Group: LargeCap

Toyota Kirloskar Motor Private Limited (www)

Toyota increases Innova Crysta's production to reduce waiting period - Toyota Innova Crysta, the most recent iteration of the popular MPV, has garnered up to 30,000 orders since it was launched here in May, 2016. More... (July 03, 2016) News Category: Expansion/Diversification

TVS Motor Company Ltd (www) (Ticker: 532343)

TVS Motor gets favourable interim order on dispute against Bajaj Auto - The Madras High Court has issued an interim order, restraining automobile major Bajaj Auto and others from an advertisement which allegedly disparages the TVS Motors' product TVS XL 100 by comparing the fuel efficiency on the basis of false figures. More... (July 04, 2016) News Category: Court Hearing (Litigation) MarketCap Group: Large-MidCap TVS drags Bajaj Auto to High Court over 'disparaging' ads - A series of advertisements has led to a court faceoff between two-wheeler rivals TVS Motor (532343) and Bajaj Auto More... (July 04, 2016)

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Business News Weekly Summaries July 13, 2016 India | Automotive

News Category: Court Hearing (Litigation) MarketCap Group: Large-MidCap

Volvo Auto India Pvt. Ltd (www)

Volvo start S90 luxury sedan pre-bookings in India - Volvo Auto India announced the start of pre-bookings of its soon-to-be-launched premium luxury sedan, Volvo S90 in India More... (July 05, 2016) News Category: General

Yamaha Motor (India) Pvt. Limited (www)

Yamaha India grows 31 percent in June 2016 - India Yamaha Motor Pvt. Ltd announced 31 per cent growth in domestic sales in June 2016, selling 67,203 units compared to 51,432 units sold last June. More... (July 03, 2016) News Category: Growth / Growth Rates

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Business News Weekly Summaries July 13, 2016 India | Automotive

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Section 2 - Foreign Companies' Business News with India: By Company Name

Changan Automobile Co. Ltd. , China (www) (Ticker: 000625)

Chinese auto giant Changan eyes TN for unit - Changan Automobile Company (000625), a Chinese manufacturer, is exploring opportunities to set up a production facility in South India. More... (July 07, 2016) News Category: Future Plans

Daimler AG , Germany (www) (Ticker: DDAIF)

Mercedes-Benz inaugurates car dealership in Vidarbha - Mercedes-Benz inaugurated a brand new state-of-the-art showroom in Maharashtra’s emerging city of Nagpur. More... (July 08, 2016) News Category: Expansion/Diversification

Ducati Motor Holding S.p.A. , Italy (www)

Ducati launches Multistrada 1200 Pikes Peak in India - Ducati launched 'Multistrada 1200 Pikes Peak' model in India, priced at INR20.06lk. More... (July 04, 2016) News Category: New Products

Honda Motor Co. Limited , Japan (www) (Ticker: 7267)

Honda Africa Twin India launch delayed - The Honda Africa Twin CRF1000L adventure tourer which was showcased at the Auto Expo 2016 is slated to be launched in India by mid-2017. More... (July 03, 2016) News Category: Future Plans

Indian Motorcycle Manufacturing Company , United States (www)

Indian Scout Sixty launching, Chandigarh dealership on cards too - Indian Motorcycle, the two-wheeler subsidiary of America’s renowned off-road vehicle manufacturer Polaris Industries is all set to launch its most affordable model - Scout Sixty in India More... (July 07, 2016) News Category: Future Plans

KTM-Sportmotorcycle AG , Austria (www)

Austria's KTM piggybacks Bajaj for growth ride - KTM clocked record earnings, crossing a revenue milestone of EUR1bn and pre-tax earnings touching nearly EUR100mn More... (July 05, 2016) News Category: Growth / Growth Rates

Toyota Motor Corporation , Japan (www) (Ticker: 7203)

Toyota India posts highest ever Innova sales - The Toyota Innova Crysta not only proved that it is a worthy successor to the highly regarded Innova but has also exceeded the sales expectations. The new Innova which is over INR 4 lakhs more expensive than the previous gen model registered highest ever monthly sales in its history in India. More... (July 09, 2016) News Category: Earnings Lexus LX 450d Imported to India for Homologation - Toyota, the Japanese auto giant, has imported a single model of the LX 450d SUV from its luxury brand Lexus in India. I More... (July 05, 2016) News Category: Imports / Exports

Yamaha Motor Co. Limited , Japan (www) (Ticker: 7272)

Yamaha recalls YZF-R3 in the Indian Market - Yamaha Motor has issued a recall of their YZF-R3 sportsbike in India. More... (July 03, 2016) News Category: General

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Business News Weekly Summaries July 13, 2016 India | Automotive

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Section 3 - Company News: By News Type

AWARDS/ACHIEVEMENTS

Hyundai Motors India Ltd , India (www)

Hyundai Creta's 1st Anniversary edition showcased in India - The anniversary edition of the Hyundai Creta has been showcased in India More... (July 07, 2016)

Nissan Motor India Private Limited , India (www)

Datsun becomes India's fastest growing car brand - Datsun recorded 188 percent increase in sales this year, and has also emerged as the fastest growing car brand in India. More... (July 07, 2016)

BOARD OF DIRECTORS

HMT Ltd , India (www) (Ticker: 500191)

HMT Ltd - Appointment of Directors - HMT Ltd (500191) announced that Shri Subhash Chandra Pandey had been appointed as Part-time Official Director on the board of the company. More... (July 07, 2016) MarketCap Group: Mid-SmallCap

CONTRACTS/DEALS

Hero MotoCorp Ltd , India (www) (Ticker: 500182)

Hero MotoCorp inks 3-year wage agreement with Gurgaon workers - Hero MotoCorp Ltd (500182) has inked a wage settlement pact with its permanent workers at Gurgaon plant, entailing an hike of INR12,500 spread over three years. More... (July 04, 2016) MarketCap Group: LargeCap

COURT HEARING (LITIGATION)

Bajaj Auto Ltd , India (www) (Ticker: 532977)

Bajaj wins TVS shock absorber patent case - Bajaj (532977) was successful in establishing a ground of insufficiency in disclosure and the patent application is liable to be refused based on this ground alone More... (July 07, 2016) MarketCap Group: LargeCap

TVS Motor Company Ltd , India (www) (Ticker: 532343)

TVS Motor gets favourable interim order on dispute against Bajaj Auto - The Madras High Court has issued an interim order, restraining automobile major Bajaj Auto and others from an advertisement which allegedly disparages the TVS Motors' product TVS XL 100 by comparing the fuel efficiency on the basis of false figures. More... (July 04, 2016) MarketCap Group: Large-MidCap TVS drags Bajaj Auto to High Court over 'disparaging' ads - A series of advertisements has led to a court faceoff between two-wheeler rivals TVS Motor (532343) and Bajaj Auto More... (July 04, 2016) MarketCap Group: Large-MidCap

EARNINGS

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Business News Weekly Summaries July 13, 2016 India | Automotive

Bajaj Auto Ltd , India (www) (Ticker: 532977)

Exports drag down Bajaj’s July sales - Bajaj Auto’s (532977) total sales in July were down 4% at 3.17 lakh units against 3.31 lakh units in July 2015, mainly on the back of exports which were down by 21%. More... (July 04, 2016) MarketCap Group: LargeCap

Force Motors Ltd , India (www) (Ticker: 500033)

Force Motors sells 1,614 units of SCV & LCV in June - Force Motors (500033) announced that its output of small commercial vehicles and light commercial vehicles for the month of June 2016 stood at 1,770 units, while domestic sales of the same were 1,614 units. More... (July 05, 2016) MarketCap Group: Mid-SmallCap

Honda Cars India Limited , India (www)

Honda Jazz completes an year in India; sells 47,335 units - Honda Cars India Ltd. is celebrating the first anniversary of the 3rd generation Honda Jazz in the Indian market. Launched in July 2015, the new Jazz accounted for 26% of total HCIL sales during the past 12 months. More... (July 07, 2016)

Jaguar Land Rover India Limited , India (www)

JLR posts record sales in 6 months till June - Jaguar Land Rover reported 22 per cent jump in global retail sales to a record 2,91,556 units in the first half this year riding on robust demand in Europe and the UK. More... (July 07, 2016)

Maruti Suzuki India Ltd , India (www) (Ticker: 532500)

Maruti Suzuki Ciaz races ahead, sells over one lakh units - Maruti Suzuki India Ltd (532500) has informed that Maruti Suzuki Ciaz races ahead, sells over one lakh units. More... (July 06, 2016) MarketCap Group: LargeCap

Mercedes-Benz India Private Limited , India (www)

Mercedes H1 sales remain flat on diesel ban - Sales during the first half of 2016 for Mercedes-Benz India have remained flat on the back of the diesel ban in the NCR that has now been in force for six months. More... (July 08, 2016) Mercedes-Benz India sales marginally down in Jan-Jun - Mercedes- Benz reported a marginal decline in sales in India in the first six months of the year as ban on big diesel cars and sport utility vehicles in Delhi-NCR took a toll on its business. More... (July 08, 2016)

Nissan Motor India Private Limited , India (www)

Nissan Motor India sold 4,297 Datsun cars in June - Nissan Motor India sold 4,297 Datsun cars last month.This unprecedented growth of the Datsun brand is due to the phenomenal response Datsun redi-GO is getting across the country, More... (July 06, 2016)

Tata Motors Ltd , India (www) (Ticker: 500570)

Tata Motors Group Global wholesales at 92,551 nos - Tata Motors Ltd (500570) has informed Tata Motors Group global wholesales at 92,551 nos. in June 2016. More... (July 08, 2016) MarketCap Group: LargeCap UK & European growth drives Jaguar Land Rover's record-breaking half-year sales - Tata Motors Ltd (500570) has informed that UK & European growth drives Jaguar Land Rover's record-breaking half-year sales. More... (July 07, 2016) MarketCap Group: LargeCap

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Business News Weekly Summaries July 13, 2016 India | Automotive

Toyota Motor Corporation , Japan (www) (Ticker: 7203)

Toyota India posts highest ever Innova sales - The Toyota Innova Crysta not only proved that it is a worthy successor to the highly regarded Innova but has also exceeded the sales expectations. The new Innova which is over INR 4 lakhs more expensive than the previous gen model registered highest ever monthly sales in its history in India. More... (July 09, 2016)

EXPANSION/DIVERSIFICATION

Daimler AG , Germany (www) (Ticker: DDAIF)

Mercedes-Benz inaugurates car dealership in Vidarbha - Mercedes-Benz inaugurated a brand new state-of-the-art showroom in Maharashtra’s emerging city of Nagpur. More... (July 08, 2016)

Toyota Kirloskar Motor Private Limited , India (www)

Toyota increases Innova Crysta's production to reduce waiting period - Toyota Innova Crysta, the most recent iteration of the popular MPV, has garnered up to 30,000 orders since it was launched here in May, 2016. More... (July 03, 2016)

FUTURE PLANS

Changan Automobile Co. Ltd. , China (www) (Ticker: 000625)

Chinese auto giant Changan eyes TN for unit - Changan Automobile Company (000625), a Chinese manufacturer, is exploring opportunities to set up a production facility in South India. More... (July 07, 2016)

Honda Motor Co. Limited , Japan (www) (Ticker: 7267)

Honda Africa Twin India launch delayed - The Honda Africa Twin CRF1000L adventure tourer which was showcased at the Auto Expo 2016 is slated to be launched in India by mid-2017. More... (July 03, 2016)

Indian Motorcycle Manufacturing Company , United States (www)

Indian Scout Sixty launching, Chandigarh dealership on cards too - Indian Motorcycle, the two-wheeler subsidiary of America’s renowned off-road vehicle manufacturer Polaris Industries is all set to launch its most affordable model - Scout Sixty in India More... (July 07, 2016)

Mahindra & Mahindra Limited , India (www) (Ticker: 500520)

Mahindra to launch all-new SUV on Ssangyong Tivoli X100 platform in India - Mahindra (500520) seems to be in an overdrive mode with new launches More... (July 08, 2016) MarketCap Group: LargeCap

Rane Group , India (www)

Autoparts maker Rane charts INR678cr capex for three years - Rane Group has charted out growth involving a total investment of about INR678cr over the next three years. More... (July 07, 2016)

Tata Motors Ltd , India (www) (Ticker: 500570)

Tata Motors, Mahindra & Mahindra look to get back on road to glory - Tata Motors (500570) and M & M are investing more than a bn dollars each over a span of three years to build from scratch a pipeline of new products in a determined bid to wrest back lost ground in the domestic market from foreign rivals More... (July 06, 2016)

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Business News Weekly Summaries July 13, 2016 India | Automotive

MarketCap Group: LargeCap After Tiago success, Tata Motors fast tracks work on micro SUV - Tata Motors Ltd (500570) is working on a micro sports utility vehicle (SUV) as part of a larger plan to launch new models till 2020. More... (July 05, 2016) MarketCap Group: LargeCap

GENERAL

Hyundai Motors India Ltd , India (www)

Hyundai Creta waiting periods reduce to a month in India - Hyundai India said that it has ramped up production of the Creta to 13,000 units per month at its Sriperumbudur plant. More... (July 04, 2016)

Maruti Suzuki India Ltd , India (www) (Ticker: 532500)

Maruti Suzuki India announces production figures - Maruti Suzuki India Ltd (532500) has informed regarding the production figures of the company for the month of June 2016. Total production stood at 90,262 units in June 2016 compared to 94,548 units in June 2015. More... (July 04, 2016) MarketCap Group: LargeCap

Renault India Private Limited , India (www)

Renault Kwid clocks 1.5 lakh orders since launch in India - Renault’s small car Kwid has clocked 1.5 lakh orders since its launch in September last year, playing a key role in boosting the group’s sales in Africa Middle-East India region in the first six months of 2016. More... (July 07, 2016)

Volvo Auto India Pvt. Ltd , India (www)

Volvo start S90 luxury sedan pre-bookings in India - Volvo Auto India announced the start of pre-bookings of its soon-to-be-launched premium luxury sedan, Volvo S90 in India More... (July 05, 2016)

Yamaha Motor Co. Limited , Japan (www) (Ticker: 7272)

Yamaha recalls YZF-R3 in the Indian Market - Yamaha Motor has issued a recall of their YZF-R3 sportsbike in India. More... (July 03, 2016)

GROWTH / GROWTH RATES

KTM-Sportmotorcycle AG , Austria (www)

Austria's KTM piggybacks Bajaj for growth ride - KTM clocked record earnings, crossing a revenue milestone of EUR1bn and pre-tax earnings touching nearly EUR100mn More... (July 05, 2016)

Maruti Suzuki India Ltd , India (www) (Ticker: 532500)

Maruti firm on double digit growth target in FY'17 - Maruti Suzuki India Ltd (532500) said its double digit growth target remains on track for the current fiscal despite production losses of 30,000 units in June owing to fire in one of its key vendor facilities at Manesar. More... (July 07, 2016) MarketCap Group: LargeCap

Yamaha Motor (India) Pvt. Limited , India (www)

Yamaha India grows 31 percent in June 2016 - India Yamaha Motor Pvt. Ltd announced 31 per cent growth in domestic sales in June 2016, selling 67,203 units compared to 51,432 units sold last June. More... (July 03, 2016)

IMPORTS / EXPORTS

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Business News Weekly Summaries July 13, 2016 India | Automotive

Bajaj Auto Ltd , India (www) (Ticker: 532977)

Bajaj Auto’s exports down 21% - Bajaj Auto (532977) Chairman Rahul Bajaj said that amidst various successes, there has been a disappointment over events surrounding its quadricycle Qute. More... (July 05, 2016) MarketCap Group: LargeCap

Toyota Motor Corporation , Japan (www) (Ticker: 7203)

Lexus LX 450d Imported to India for Homologation - Toyota, the Japanese auto giant, has imported a single model of the LX 450d SUV from its luxury brand Lexus in India. I More... (July 05, 2016)

INFLATION

JK Tyre & Industries Ltd , India (www) (Ticker: 530007)

JK Tyre is contemplating increasing tyre prices - JK Tyre (530007) has hinted that the company is contemplating increasing the tyre prices in wake of surge in the natural rubber prices. More... (July 04, 2016) MarketCap Group: Mid-SmallCap

INNOVATIONS

Mahindra & Mahindra Limited , India (www) (Ticker: 500520)

Mahindra's new crossover to be based on SsangYong X100 platform - Mahindra (500520) is working on an all-new crossover based on the SsangYong X100 platform that also underpins the India-spec SsangYong Tivoli SUV More... (July 07, 2016) MarketCap Group: LargeCap

MANAGEMENT CHANGES

Simmonds Marshall Ltd , India (www) (Ticker: 507998)

Simmonds Marshall Ltd - Appointment of New Company Secretary Cum Compliance Officer - Simmonds Marshall Ltd (507998) has informed that Mr. Nirmal Gupta has been appointed as Company Secretary cum Compliance Officer of the Company in place of Ms. Nidhi Sharda with effect from July 01, 2016. More... (July 06, 2016) MarketCap Group: SmallCap

NEW PRODUCTS

Ashok Leyland Ltd , India (www) (Ticker: 500477)

Ashok Leyland launches Captain 40iT tractor in Kolkata - Ashok Leyland (500477) launched its 'Captain 40iT' tractor in Kolkata adding to its popular Captain series of trucks. More... (July 08, 2016) MarketCap Group: LargeCap

Ducati Motor Holding S.p.A. , Italy (www)

Ducati launches Multistrada 1200 Pikes Peak in India - Ducati launched 'Multistrada 1200 Pikes Peak' model in India, priced at INR20.06lk. More... (July 04, 2016)

Escorts Ltd , India (www) (Ticker: 500495)

Escorts launches 13 new tractors in 12HP to 110HP range - Escorts (500494) unveiled their global

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Business News Weekly Summaries July 13, 2016 India | Automotive

ambitions with launch of 13 new tractors in 12HP to 110HP range under flagship brands Farmtrac, Powertrac, and Euroline series to cater specifically to the world market. More... (July 05, 2016) MarketCap Group: Mid-SmallCap

FIAT India Automobiles Limited , India (www)

Fiat India rolls out new variants - Fiat Chrysler Automobiles India rolled the new Fiat Linea, Punto EVO PowerTech and Avventura PowerTech with more powerful engines and a touch screen infotainment system with navigation, across all trims. More... (July 07, 2016) Fiat Linea 125 S launched at INR7.82 lakh - Fiat has launched the Linea 125 S at a starting price of INR7.82 lakh (ex-showroom, Delhi) More... (July 07, 2016)

Honda Motorcycle & Scooter India Private Limited , India (www)

Honda may launch Metropolitan scooter in India to rival Yamaha Fascino - Honda Motorcycles and Scooters India (HMSI) is looking at the possibility of bringing a retro-scooter to the Indian market. More... (July 06, 2016)

Mahindra & Mahindra Limited , India (www) (Ticker: 500520)

Pininfarina to develop new product under own brand under Mahindra - Mahindra & Mahindra (500520) said its Italian engineering and design firm Pininfarina will develop a product which will be marketed under its own brand. More... (July 06, 2016) MarketCap Group: LargeCap

RATINGS CHANGES

Rajratan Global Wire Ltd , India (www) (Ticker: 517522)

Rajratan Global Wire Ltd - Credit rating - Rajratan Global Wire Ltd (517522) has informed that ICRA has upgraded the rating to the company to BBB and A3+ from BBB-and A3. More... (July 08, 2016) MarketCap Group: SmallCap

RESEARCH & DEVELOPMENT

Royal Enfield Motors Limited , India (www)

Royal Enfield undertakes 'service update' for Himalayan - Royal Enfield is carrying out a "proactive service update" of its latest motorcycle model Himalayan to rectify issues. More... (July 04, 2016)

RESTRUCTURING

Mahindra & Mahindra Limited , India (www) (Ticker: 500520)

Restructuring two-wheeler business, 250 workers given VRS: Mahindra - Mahindra & Mahindra (500520) is restructuring its two-wheeler business after division failed to meet its expectations and has given voluntary retirement scheme to 250 workers. More... (July 06, 2016) MarketCap Group: LargeCap

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Business News Weekly Summaries July 13, 2016 India | Automotive

Top

Section 4: Industry News

New policy for surrendering old vehicles - New policy for surrendering old vehicles may offer 8-12% cut in cost of new cars; draft proposal send to Finance ministry for approval; positive if implemented More... (July 07, 2016) News Category: Changes in Policy Two-wheelers to grow 4-6% in FY17: ICRA - While the domestic two-wheeler industry grew in single digits last fiscal, it has been to a good start this year, banking primarily on the scooters segment. More... (July 06, 2016) News Category: Growth / Growth Rates Tyre industry petitions against imports from China - As tyre imports continue to rise, forcing the domestic industry to operate at 60 per cent plant utilisation, job losses are beginning to mount at ancillary units, is the complaint. More... (July 05, 2016) News Category: Imports / Exports Tyre demand to see 6-7% volume growth in 3 yrs - Over the next three years the domestic tyre demand to report a six-seven per cent volume growth More... (July 05, 2016) News Category: Forecast

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