Hyundai Motor Group will invest $300 million in Indian ride-hailing platform Ola, using the country’s fast-growing market as a springboard for global new-mobility intiatives. “India is the centerpiece of Hyundai Motor Group’s strategy to gain leadership in the global mobility market,” Euisun Chung, executive vice chairman of Hyundai, said in a press release. Hyundai and Read More..
Volkswagen Group and Tata Motors ended efforts to forge a small-car and new mobility cooperation, five months after the two car groups started to explore ways to work together in India and other fast-growing markets. The two companies “concluded that the envisioned areas of partnership may not yield the desired synergies as originally assessed,” Tata Read More..
Tata Motors has formed a new unit that will help the Indian automotive group develop new business areas. The division, which is called Tamo, will unveil its first product at the Geneva auto show early next month. Tamo will serve as an incubator for new technologies, business models and partnerships, the company said. The open Read More..
ZF plans to openÂ an Indian technology center next year that will focus on software and mechanical engineering. The center, which will be located in Hyderabad, will employ 2,500 engineers by 2020. It will open with a smaller staff in January 2017. The Indian tech center will be part of ZF’s global R&D operations, which employ Read More..
Jaguar Land Rover (JLR) has launched a separate company tasked with quickly developing apps and on-demand services. The move is part of a trend among automakersÂ to take direct charge of technologies that will redefine the carÂ industry. Britain-based JLR, which is owned by India’s Tata Group, said InMotion, as the new unit is called, will be Read More..
BANGALORE â€“ Companies in mature markets are increasingly transferring r&d abroad and premium car maker Daimler is no exception. The company recently inaugurated a new r&d center here, underscoring the importance it attaches to the fast-growing Indian market. â€œIndia is one of the core markets of our Mercedes-Benz 2020 growth strategy, and it has enormous Read More..
Daimler officially opened a new r&d center in Bangalore, strengthening its activities in the growing Indian market. The German premium car maker said the facility, which employs 1,200 people, is the biggest of its kind in India. Bangalore also has a special focus on IT. “Our new centre of competence in Bangalore gives us direct Read More..
Harman is buying Interchain Solution, a technology company that should help the US premium audio and infotainment group expand its design and engineering footprint in the Indian market. Interchain, which is based in Bangalore, India, specializes in developingÂ telematics, fleet management, Android based in-vehicle infotainment and location-based solutions. Harman said the acquisition, which is expected to Read More..
TomTom said it is introducing its VIA range of personal navigation devices to India in a move to benefit from the strong growth in the country’s car market. The Dutch navigation systems group said in a press release that the introduction of its products follows the establishment of a sales office in India earlier this Read More..
India will be the fourth-largest market for passengerÂ cars within three years, according to consultants Booz & Company. Booz said Indian car sales are growing between 15 pc and 20 pc a year and should reach 3.5 million units by 2013. That would make it the worldâ€™s biggest national market behind the US, China and Read More..