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Nov 6, 2015

Tata Motors slides to a loss on China woes

NEW DELHI (Reuters) – Tata Motors Ltd posted a surprise 4.3 billion rupee ($65.4 million) net loss in the quarter to the end of September after sales in China fell and a port explosion damaged thousands of vehicles.

Tata said on Friday that sales of its Jaguar Land Rover (JLR) cars in China, which have long propped up profits, started rising again in October after several months of declines though a squeeze on margins had hurt profitability.

Nov 6, 2015

India’s Tata Motors slides to a loss on China woes

NEW DELHI, Nov 6 (Reuters) – India’s Tata Motors Ltd
posted a surprise 4.3 billion rupee ($65.4 million)
net loss in the quarter to the end of September after sales in
China fell and a port explosion damaged thousands of vehicles.

Tata said on Friday that sales of its Jaguar Land Rover
(JLR) cars in China, which have long propped up profits, started
rising again in October after several months of declines though
a squeeze on margins had hurt profitability.

Nov 4, 2015

India finds emissions violations in Volkswagen diesel cars

NEW DELHI, Nov 4 (Reuters) – India has found cars of
Volkswagen’s local unit in violation of nitrogen
oxide emissions norms, a senior government official said on
Wednesday, adding to a widening global scandal at Europe’s
biggest carmaker.

The government has found significantly higher variation in
some of Volkswagen’s and sister brand Audi’s diesel cars and has
issued it a notice seeking an explanation, Ambuj Sharma,
additional secretary in the ministry of heavy industries said.

Oct 29, 2015

VW India to submit emissions scandal report to government by end-Nov

NEW DELHI, Oct 29 (Reuters) – Volkswagen AG’s
Indian unit said on Thursday it was still assessing the impact
of the emissions scandal at the German carmaker on vehicles
produced and sold in India and would submit a report to the
government by the end of November.

The next steps will depend on the findings from these
evaluations, Volkswagen Group India said in a statement.

Oct 27, 2015

Maruti says royalty to Suzuki to be less than 5 pct in 4-5 years

NEW DELHI (Reuters) – Maruti Suzuki said on Tuesday royalty payments to parent Suzuki Motor would fall to below 5 percent of net sales from about 6 percent as it increases the amount of in-house development.

The lower royalties will boost margins and go some way to appeasing minority shareholders, several of whom have voiced discontent over high payouts to Suzuki, say analysts.

Oct 27, 2015

India’s Maruti says royalty to Suzuki to be less than 5 pct in 4-5 years

NEW DELHI, Oct 27 (Reuters) – Indian carmaker Maruti Suzuki
said on Tuesday royalty payments to parent Suzuki
Motor would fall to below 5 percent of net sales from
about 6 percent as it increases the amount of in-house
development.

The lower royalties will boost margins and go some way to
appeasing minority shareholders, several of whom have voiced
discontent over high payouts to Suzuki, say analysts.

Oct 26, 2015

Maruti Suzuki to export made-in-India car to Japan

NEW DELHI, Oct 26 (Reuters) – Maruti Suzuki India
will for the first time export a made-in-India car to Japan, the
home of parent Suzuki Motor Corp, in a move that could
lead to India becoming a Suzuki export hub, an executive of the
Indian business said.

Suzuki already derives about a third of group revenue from
Maruti, which sells one in every two cars in India but is
seeking to step up growth in more developed markets.

Oct 15, 2015

Apollo Tyres sets sights again on U.S. expansion

NEW DELHI (Reuters) – India’s Apollo Tyres is mulling hiring a sales team to grow its business in the United States, a top company executive told Reuters, having failed two years ago to buy U.S. Cooper Tire & Rubber for $2.5 billion.

Apollo’s global push is aimed at reducing dependence on the domestic market, where passenger and commercial vehicle sales are recovering slowly after a slump and where it plans to invest $400 million over the next three to four years.

Oct 15, 2015

India’s Apollo Tyres sets sights again on U.S. expansion

NEW DELHI (Reuters) – India’s Apollo Tyres is mulling hiring a sales team to grow its business in the United States, a top company executive told Reuters, having failed two years ago to buy U.S. Cooper Tire & Rubber for $2.5 billion.

Apollo’s global push is aimed at reducing dependence on the domestic market, where passenger and commercial vehicle sales are recovering slowly after a slump and where it plans to invest $400 million over the next three to four years.

Oct 9, 2015

India auto industry body calls for unified emissions rules

NEW DELHI, Oct 9 (Reuters) – India’s auto industry body
called on Friday for a single set of emission norms to be
introduced in the country, simplifying operations for carmakers
who would be able sell the exact same car across the nation’s 29
states.

A lack of clean fuel in every Indian state has forced the
auto industry to follow two different emission rules in the
country, tougher norms in big cities like Mumbai and Delhi, and
more lenient rules in the smaller cities.

    • About Aditi

      "Aditi writes about automobiles and real estate in India, working out of the New Delhi bureau. She joined the Reuters company news team in 2011 after spending nearly four years in London writing for a property magazine. Aditi is passionate about travel, has a growing interest in photography, and ends up buying more books than she will ever read."
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