Tata Motors to set up innovation centres globally
The Dollar Business Bureau Betting big on its emerging mobility solutions, Tata Motors on Sunday indicated it is planning to set up several innovation centres across the globe to be "future ready" while also enhancing its formal presence across the world, as the company looks to be among the top three passenger vehicle manufacturer in India by 2019. The Indian automobile giant has already established its first innovation centre in proximity to the Silicon Valley in the US. The company has already taken on a slew of initiatives, including filling the gaps in product portfolios, bettering manufacturing processes and brand image, and tripling sales network, to emerge as one of the leading players in the passenger vehicle segment. "Tata Motors has embarked on a transformation journey ...
Indias automobile sector on recovery path for sure: SIAM
The Dollar Business Bureau | @TheDollarBiz Encouraged by strong exports and a revival in domestic sales, the Society of Indian Automobile Manufacturers (SIAM) says that India’s auto industry is on the road to a slow but sure recovery. According to SIAM, India’s automobile exports surged by around 21.3% in April-August 2014 compared to the corresponding period last year. While exports of two-wheelers grew by 29.16%, commercial vehicles and three-wheelers posted export growth rates of 16.51% and 14.53% respectively. However, exports of passenger vehicles grew by just 0.17%. Source - SIAM Sales in the domestic market also increased in April – August 2014. Sales of passenger vehicles increased 4.46%, helped by growth in passenger cars sales (5.24%) and utility vehicles sales (9.46%), while ...
Indias automobile exports surge while domestic demand remains low
The Dollar Business Bureau | @TheDollarBiz India’s automobile exports in April-July 2014 grew by a robust 23.17% compared to the same period last year, driven by exports of commercial vehicles and two-wheelers. According to the Society of Indian Automobile Manufacturers (SIAM), in April-July 2014, exports of commercial vehicles grew by around 19.78% and two-wheelers by 32.72%. Exports of other segments also grew: passenger vehicles by 3.84%, and three-wheelers by 5.27%. However, domestic sales remained low. According to SIAM, while the sales of passenger vehicles grew by 2.53% in April-July 2014 over the same period last year, sales of commercial vehicles continued to decline for the 28th month in a row in July 2014. According to SIAM domestic sales of commercial ...
