Mercedes recalls 1 mn cars worldwide due to a starter problem
The Dollar Business Bureau Global auto major Mercedes is recalling around one million cars and SUVs from all over the world due to a starter part, which can overheat and may cause fire. The recall includes certain E-Class, C-Class and CLA cars and GLC and GLA SUVs, from the year 2015 to 2017. Out of a million vehicles to be recalled by the company, around 308,000 cars are from the US only. The Germany-based automobile manufacturer reported 51 fires all over the world, with around 30 in the US. The automaker has not reported any injuries or death due to the problem. The US is one of the three largest markets for Mercedes, followed by China and Germany. According to the documents released by the ...
Kia Motors Corp. more likely to establish its unit in AP
The Dollar Business Bureau South Korea’s automobile manufacturer is in the final process of establishing its first company- Kia Motors Corp. in India. The decision will be made shortly once the location is finalised. The two preferred states that the company wishes to establish its manufacturing units are Andhra Pradesh (AP) and Maharashtra. According to the media communication released by the company, the new unit is likely to begin its operations either by the end of 2018 or the beginning of 2019. Speaking to the media, an anonymous official from one of the chosen locations said AP seems to be more favourable and is likely to be finalised. The official said if, Kia Motors Corp. finalises AP location for its establishment it would have ...
Renault plans multiple product launches till 2021 in India
The Dollar Business Bureau French automobile manufacturer Renault plans to introduce at least one new vehicle every year in the Indian market till 2021, comprising vehicles in the high selling sub-four metre division, even as the company aims to cross 5% market share in the local passenger vehicle segment by the year-end. “We plan to launch at least one new product every year, over the next five years, beginning with some exciting product innovations starting this year,” Sumit Sawhney, Managing Director Operations Country CEO of Renault India told PTI. The French auto major will keep launching ‘game changing products’ in India as it has been doing over the last few years, he said. Currently, Renault sells five models in the domestic market including hatchback Kwid and SUV Duster. “India ...
India to become third largest automobile market by 2020: Study
The Dollar Business Bureau Total turnover of the automobile industry in India is expected to reach $145 billion by 2016 Despite a slowdown in recent years, India is expected to become a major automobile manufacturing hub and the third largest market for automobiles by 2020, according to a report published by Deloitte. The report says that the global automobile industry is changing and the focus is expected to turn to India where automobile demand and manufacturing are growing. It says that various factors including higher income growth, large work force and low oil prices are likely to drive the sector forward in the coming years. According to official sources, India is currently the seventh-largest automobiles producer in the world with ...
