Category — Automobile

Ford Partners India’s Mahindra to Manufacture eCars

Since the Government of India’s plans to move to an all-electric fleet by 2030, Michigan-based Ford Motor Company will collaborate with Mumbai, India-based Mahindra & Mahindra  to explore joint development of products, especially electric and connected vehicles. The partnership, for an initial period of three years, will expand Ford’s reach in the fast-growing Indian auto market and improve Mahindra’s access to global markets.

Electric car

 “The partnership with M&M will allow us to work together to take advantage of the changes coming in the industry. The enormous growth potential in the utility vehicle market and the growing importance of mobility and affordable battery electric vehicles are all aligned with our strategic priorities,” said Jim Farley, executive vice-president and president of global markets, Ford.

The Business Standard reports that Mahindra  has been losing market share and has not been able grow volumes for more than a year, and Ford has been stuck with a sub-three percent share for a few years, while emerging as the biggest exporter of passenger vehicles from India. Ford has spare capacity which can be used optimally by its new Indian partner.

 

September 18, 2017   No Comments

McLaren Partners with India’s Wipro

Surrey, U.K.-based McLaren Technology Group signed a multi-year contract with IT major  Bangalore-based Wipro Limited to help drive digitization across its businesses. Wipro will assist the sports car maker with achieving its recently defined IT strategy, focusing on providing next-generation differentiated IT services to its business divisions with an emphasis on agility and improved reliability.

McLaren Technology Group Logo

Craig Charlton, CIO, McLaren Technology Group said, “We are passionate about delivering high performance digital solutions underpinned by robust SLAs across McLaren. Wipro, with its deep domain expertise and vast application services portfolio, will help us achieve excellence as well as drive innovation in artificial intelligence.”

The Financial Express reports that N. S. Bala, president (Manufacturing & Technology), Wipro, added, “Digitization is a great opportunity for renowned brands like McLaren to re-imagine and redesign their products and services from their customer’s perspective. We are delighted to partner with McLaren Technology Group to bring this strategic initiative to life, enabling organization-wide disruptive innovation.”

September 17, 2017   No Comments

IndiaPushes Auto Industry to Make Electric Vehicles

India’s is pushing auto part and car makers to draw up plans to electrify all new vehicles by 2030. India’s minister for road transport, Nitin Gadkari, asked companies to start building electric and alternative fuel vehicles or risk being overtaken by policy changes.

Maker of engines, Cummins India, is investing in research on electric mobility solutions, while Hyundai Motor Co began talks with some of its suppliers for components for electric cars. Ashok Leyland launched an electric bus last year, and the company has since partnered with Indian start-up SUN Mobility to develop battery-swapping technology for cars, buses and trucks, reports Daily News.

electric car

According to industry data, electric car sales in India, one of the world’s fastest-growing car markets, are negligible compared with annual sales of over 3 million petrol and diesel cars in the last fiscal. Mahindra & Mahindra is the only electric car maker in India but it will soon be joined by Tata Motors which is exploring the possibility of building electric vehicles, managing director Guenter Butschek said. Hyundai said it plans to customize existing electric cars for the Indian market, but if that was not feasible it will develop new electric cars said Rakesh Srivastava, director, sales and marketing.

 

September 14, 2017   No Comments

Jeep Compass Sales in India Exceed Expectations

Fiat Chrysler Automobiles is close to making more revenue in India than it invested in a factory at Pune, 90 miles from Mumbai, due to strong customer response to the Jeep Compass SUV it launched in late July.
“It is expanding into the world’s largest markets such as India that is fueling our growth and accelerating our expansion,” said Paul Alcala, who heads the company’s operations in Asia.
Jeep Compass

Jeep Compass

The Economic Times reports that the Italian-American automaker has so far secured orders for 8,171 units of Jeep Compass 2017 worth $245 million in India; the company has invested $280 million in the factory.

Fiat Chrysler Automobiles is ramping up production and is working toward a 25% more output than initially planned. The company says it will operate two shifts for six days a week for the first time since the plant was set up a decade ago. Production of export-designated vehicles has not started yet.

August 28, 2017   No Comments

India’s Mahindra Group to Set Up Tractor Factory in U.S.

When asked about expanding operations, Mahindra USA president and CEO Mani Iyer said, “It makes sense down the line to have a factory in the U.S.” The company will move to the bigger segment of tractors — up to 160 hp — with the setting up of the new facility, he added.

A Mahindra Tractor

“We already have invested a lot, whether in brand, technology, distribution points, dealers and people. The number of products being made for the U.S. market alone is very high. It will call for more localization,” Iyer said.

BusinessLine reports that with a revenue of $600 million annually, the company is a major player in tractors ranging up to 120 hp. It is third in terms of market share in the segment, just behind Kubota and John Deere.

Mahindra USA has about 2,500 employees of whom over 99 percent are Americans. “Today, we are considered very local. We are an American company headquartered in India,” Iyer quipped.

August 7, 2017   No Comments