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  MG India may be acquired and SAIC will lose its controlling stake

  India's Jindal Southwest (JSW) is trying to acquire a stake in Mingjue Motor India Co., Ltd. (MG Motor India), the Hindustan Times reported. According to reports, JSW Group will hold SAIC MG India.

  India Company Automobile Market Group China growth Enterprise Mingjue Brand Limited Limited share Factory sales 2023-06-24
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  Investment is blocked! BYD may suspend plant construction in India

  BYD will shelve plans to invest $1 billion in an electric car plant in India and has told its Indian joint venture partner that the investment proposal faces scrutiny by the Indian government, according to media reports. It is understood that BYD executives told India's Megha Engineering Company last week that BYD hopes to withdraw from the investment.

  India Market Biya Automobile Investment Government Company data Tex Indian Government Tesla growth Factory Industry sales 2023-07-29
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  India is trying to give Tesla lower production costs, dare to buy it?

  ​ due to the short development time of new energy vehicles, reducing car manufacturing costs is what all automobile companies hope to achieve. Recently, the Indian government intends to provide more preferential policies in order to realize Tesla's entry into the Indian market as soon as possible and promote the overall development of the region.

  Tesla 2021-03-03
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  Hyundai Motor agrees to acquire General Motors Plant in India

  On Aug. 16, according to media reports, South Korean carmaker Hyundai Motors reached an agreement with US auto giant General Motors to acquire GM plants in India. It is understood that Hyundai has signed an agreement to acquire General Motors through its wholly-owned subsidiary Hyundai Motor India Co., Ltd.

  Cars India factories markets sales electric government electric cars manufacturing production companies manufacturers data subsidiaries limited 2023-08-17
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  SAIC clarifies "Indian company loses control"

  On the evening of June 26th, SAIC official WeChat issued a "clarification on the recent false reports about SAIC MG India", which showed that there were recent media reports that "SAIC MG India had been forcibly acquired shares at a low price and lost control", which seriously deviated from the facts. June twenty _ second

  India Group Automobile Company SAIC Market Mingjue sales growth Brand Limited Co. Ltd. shares China country 2023-06-27
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  ​ BYD India re-build factory? Official response: true

  BYD is accelerating its expansion around the world. The relevant official of BYD revealed that BYD India has considered building a second factory in India and will announce the relevant news in due course. The day before that, BYD had announced its entry into the Indian passenger car market. On October 12, BYD held its products in New Delhi, India.

  India Market Automobile Biya Factory car use growth sales Group Great Wall Global New Energy China production one 2022-10-13
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  Car companies such as Tesla and BYD are interested in building a super lithium-ion battery factory in India.

  It is reported that although Tesla has not yet entered the Indian car market, he intends to set up a battery factory in India. In addition, the BYD and Ningde times have also shown a lot of interest in building factories in India. The Indian government plans to build six large factories that can produce thousands of megawatts of lithium-ion batteries a year, just like Tesla's No. 1 super factory in Nevada. Battery capacity per gigawatt hour can power 1 million homes for an hour, or power about 30, 000 electric vehicles. To reduce dependence on overseas crude oil, save money, and control urban pollution, India plans to invest 50. 5%.

  Factory Tesla BYD 2019-08-20
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  Volkswagen cheated again, and Volkswagen was fined nearly 500 million yuan by India for emissions cheating.

  Volkswagen cheated again, and this time spread to India! Volkswagen has been sued after it was revealed that Volkswagen sold Volkswagen cars equipped with "emission cheating devices" to the Indian market, foreign media reported. India's National Green Court (NGT) imposed a fine of 5 billion rupees ($71 million, 480 million yuan) on Germany's Volkswagen. India believes that Volkswagen's move has seriously damaged the environment because of excessive nitrogen oxide (NOx) emissions from Volkswagen diesel vehicles that pollute India's air. In the course of hearing the case in India's Green Court, it was also suggested that India should ban the sale of Volkswagen cars. Mass emissions.

  The public 2019-03-08
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  Great change! New car sales in India surpass Japan for the first time

  The pattern of the global car market is changing. According to the latest Kyodo news agency, according to the Association of Indian Automobile Manufacturers, car sales in India were 4.725472 million in 2022, an increase of 25.7 percent over the same period last year, surpassing Japan for the first time to become the world's third largest car market after China and the United States. As a contrast

  India Market cars sales Japan growth Global New cars cars Biya China reasons data Ford sales 2023-01-15
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  Or third in the world! Annual sales in India surpass those in Japan

  Data show that in 2021, the Chinese market ranked first in the world with sales of 26.27 million vehicles, making it the largest market in the world, followed by the United States with 15.4 million vehicles, and the Japanese market ranked third with 4.44 million. It should be noted that although Japan ranked third, but the sales performance

  India Market Automobile sales New car Japan Biya Ford Global data growth China sales population share 2023-01-07
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  The latest development of Ford's severance plant, employees receive 62 months' salary

  According to print media reports such as NDTV in New Delhi, Ford Motor India reached a severance compensation agreement with workers at its factory in Tamil Nadu, India, after it announced the closure of its Indian plant last year, with each employee receiving an average salary of 62 months. According to the report, Balasu, the transformation officer of Ford India,

  India Automobile Ford Market employee Factory Great Wall Business sales growth Investment payment payroll Company Branch 2022-10-02
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  SAIC Mingjue opened the Indian market, and the British brand returned to India half a century later.

  SAIC has been trying to expand outside the UK since its acquisition of the British Mingjue brand in 2008, while in India, the largest British colonial colony, SAIC acquired a closed assembly plant at General Motors in Harrol, Gujarat, western India. SAIC announced in India the establishment of a new Indian Mingjue Automobile, a wholly owned subsidiary of SAIC, while the plant in Harrol will have an annual production capacity of 120000 vehicles, which is Mingjue's third plant in South Asia. Previously, MG cooperated with Thailand's Charoen Pokphand Group to own two.

  Ghosn 2019-05-16
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  Ford and Mahindra set up a joint venture in India to save Indian car business

  According to foreign media reports, due to Ford's failure to achieve substantial development in the Indian market for more than 20 years, Ford transferred its assets in India to a joint venture with Mahindra. Ford is to set up a $275 million joint venture in India with Mahindra, which has rescued its declining car business in India. Under the agreement, Ford owns 49% of the joint venture, while Mahinda owns 51% of the company. It is understood that after the establishment of the company, Ford's business in India will be transferred to a joint venture, including Sanghe's staff and assembly plant in Chennai.

  Ford 2019-10-04
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  India has become the third manufacturing base of Lexus, but China still has no plans.

  Lexus, which still has a high popularity in China due to price increases, recently launched a new ES model on the overseas Indian market, starting at 5.19 million rupees (about 509000 yuan), while the new car is assembled by Toyota's new local production line in Bidadi Bengaluru, Bandadi, meaning India has become a new origin of Lexus and exported overseas.

  Lexus 2020-02-03
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  Go abroad! Great Wall Motor sets up subsidiary in India

  A few days ago, we learned from Great Wall Motor officials that Great Wall Motor plans to invest 110 million rupees (10.45 million yuan) in India with its wholly-owned subsidiary Ted Science and Trade Co., Ltd. Among them, Great Wall Motor holds 99.9 per cent of the shares at 109.89 million rupees (10.44 million yuan), while Ted Technology Trade holds the remaining 0.1 per cent. It is understood that Great Wall Motor is expected to officially enter the Indian market in 2021-2022 in this investment. Judging from the progress of the subsidiaries invested by the Great Wall, the current alternative names of the company are mainly Harvard Automobile Private Co., Ltd., India.

  Cars the Great Wall 2019-02-22
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  The media reported that investment was suspended due to the border conflict, Great Wall Motor: no message was received.

  Great Wall has previously expanded overseas investment to India under plans by domestic carmakers to increase overseas investment, but as the border standoff between China and India heats up, it is rumored that the Indian government has suspended three investments from China.

  Great Wall Motor 2020-06-23
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  Car sales in India plummeted in August, and 330000 people lost their jobs when car companies stopped production.

  The Indian car market is almost a cake in the eyes of global automakers, thanks to the surging middle class in the most populous country. However, according to data released by the Association of Indian Automobile Manufacturers, Indian car market sales have declined in October. Its passenger car sales plunged 41% in August from a year earlier, selling only 115000 vehicles. Sales of Maruti Suzuki, India's largest carmaker, fell 36 per cent in August from a year earlier to just 93000 vehicles, according to the data. Hyundai sales fell 16.6% year-on-year, Honda sales fell 51%, Toyota sales fell 24.1% year-on-year, while local Tata.

  Car sales volume 2019-09-13
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  The recovery of the global auto market was weak in August, with China and India becoming the only growth area.

  Affected by the continuous impact of the COVID-19 epidemic, the overseas car market still shows signs of weak recovery, resulting in a continuous downward trend in many places in August. According to the latest monthly new car sales data released by various countries, 80% of the global car market continues to decline, with only China and India achieving year-on-year growth.

  Car market 2020-09-30
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  Heavy! It is revealed that India's JSW will cooperate with Zero.

  With the rapid development of new energy vehicles, more and more multinational enterprises have thrown an olive branch to the new power of domestic car-building. In the past, Volkswagen and Xiaopeng Motor reached a framework agreement on technical cooperation, increasing the capital of Xiaopeng Motor by about 700 million US dollars. Later, Audi and SAIC will jointly develop electric intelligence exclusive to the Chinese market.

  Automobile India Technology Cooperation Group Electric sales Electric vehicle Enterprise News Company China Power Market Manufacturing 2023-09-01
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  All of a sudden! The former chairman of a well-known automobile group dies unexpectedly.

  According to local media reports such as India Today and The Indian Express, Cyrus Mistry, former chairman of Tata Group, was involved in a traffic accident in Maharashtra.

  Tata India Missy Cyrus Mist Automobile Director Group accident Chairman Company Business son Company Law 2022-09-05