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Volkswagen Finance picks up 25% stake in Kuwy Technology Service

Mumbai, Sept. 18 -- Mumbai-based Volkswagen Finance Pvt Ltd (VWFPL) has acquired 25% stake in Chennai-based automotive fintech digital platform, Kuwy Technology Service Pvt Ltd. The strategic allianc... Read More


Small towns drive up sales of used cars amid slump

Mumbai, Sept. 16 -- India's used car market is booming at a time when the domestic automotive industry is battling one of its worst sales slump. The demand in used cars is being driven by smaller tow... Read More


Daimler sees CV demand picking up by 2021 only

New Delhi, Sept. 10 -- Sales of medium and heavy commercial vehicles (MHCV) will not pick up before 2021 as demand remains depressed due to weak freight volumes, new axle load norms and coming BS-VI e... Read More


Daimler to make India export hub for BSVI trucks and buses

New Delhi, Sept. 10 -- German auto major Daimler AG's commercial vehicle umbrella, Daimler Trucks plans to make India a key global export hub for the BS VI (or Euro VI) compliant trucks and buses, the... Read More


MG Motor evaluates second shift to ramp up capacity

Mumbai, Sept. 6 -- MG Motor India Pvt. Ltd aims to advance the deadline for producing 3,000 units of the Hector sport utility vehicle (SUV) by a month to September-end by starting a second shift on th... Read More


Mahindra and Mahindra to buy 55% stake in Meru Cabs

Mumbai, Sept. 6 -- Mahindra and Mahindra Ltd (M&M) has agreed to buy a 55% stake in ride-hailing firm Meru Cabs, expanding the automaker's presence in the growing market for shared mobility. M&M will ... Read More


Centre looks to cut GST rates as car sales slump

New Delhi, Sept. 6 -- The Union government has finally decided to bite the bullet on a tax cut for the automobile sector, on a day the industry reported the worst August for passenger vehicles in 18 y... Read More


Evaluating second shift to ramp up capacity: MG Motor India

New Delhi, Sept. 5 -- MG Motor India is evaluating a second shift on its assembly line at Halol plant to increase production capacity of its Hector sports utility vehicle to 3,000 units by September e... Read More


Centre looks to cut GST rates as car sales slump

New Delhi, Sept. 2 -- The Union government has finally decided to bite the bullet on a tax cut for the automobile sector, on a day the industry reported the worst August for passenger vehicles in 18 y... Read More


Auto sales record worst August in two decades

Mumbai, Sept. 2 -- Auto industry has recorded the worst August in two decades as wholesale dispatches reported by major carmakers dropped about 34% year-on-year (YoY) in the month, as demand slump con... Read More