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CKD rules to make luxury cars dearer
 The Indian automotive industry heaved a sigh of relief when the Budget passed last fortnight did not hike excise duties as it was widely expected to. That is understandable. The Indian auto sector has benefited from the current 10 percent excise duty that is levied on small cars. It is arguably the single most important decision that has enabled India to transform itself into a small car hub. An increase in excise duties would have led to higher car prices and likely affected sales. |
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Ceat opens WMC
Tyre manufacturer Ceat Ltd has opened its first Wheel Management Centre (WMC) for truck and bus radial tyres at Sankagiri, near Namakkal in the Salem district of Tamil Nadu. |
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Mann+Hummel's new India growth strategy
Mann+Hummel India, the 100 percent affiliate of filter maker Mann+Hummel GmbH of Germany, has announced ambitious expansion plans and also opened a state-of-the-art engineering and R&D Centre at Peenya, Bangalore. |
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Eicher inaugurates gear plant in Dewas
Eicher Engineering Components, a business area of Volvo Engineering Commercial Vehicles Limited has opened its state-of-the-art plant at Dewas, Madhya Pradesh. |
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Momentive opens its new plant in TN
The US-based silicones manufacturing company Momentive Performance Materials Inc has inaugurated its state-of-the-art facility in Chennai, bringing the number of its global production plants to twenty-seven. |
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M and M Auto targets car makers
Manesar-based M and M Auto Industries Ltd is gearing up to supply coil springs to four-wheeler manufacturers. |
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Kailash ShinMaywa to manufacture SPVs
ShinMaywa Industries Ltd of Japan and the Pune-based Kailash Vahan Udyog Ltd are to set up a joint venture to design, manufacture, sell and provide aftersales service for special purpose trucks including tippers and garbage compactors. |
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Nissan on track for Oragadam project
Japanese carmaker Nissan has confirmed that its production facility, at Oragadam near Chennai, will go on stream in May 2010 and work on the 640-acre project is currently underway. |
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Uttam Galva guns for galvanised steel
Uttam Galva Steels Ltd (UGSL), which makes cold rolled steel (CR) and galvanised steel (GP), is preparing to increase its domestic focus both in the automotive sector and otherwise. |
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Lucas-TVS diversifies into car accessories
TVS Group Company Lucas-TVS Ltd has entered the retail car accessories business through its subsidiary Lucas India Services. |
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Intertek to set up testing labs in India
Foreseeing growth in the Indian automobile industry, the UK-based Intertek plans to set up fully owned laboratories in India by 2011 for testing products from automotive OEMs as well as Tier I and II players. |
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OEMs to benefit from Oetiker's clamp unit
Innovation, cost-cutting and superior logistics are fast becoming the mantra to stay afloat in depressed market conditions. |
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Safexpress expands at a furious pace
Recognising the growing need of the automotive industry for improved supply chain management, most leading logistics service providers are fast expanding their capabilities to better cater to the industry. |
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Om Group steers ahead with global JVs
The Om Group is taking a different route to growing its revenues. While flagship Om Logistics Ltd’s (OLL) sales have grown by about 30 per cent, it has acquired M/S Cross Road Logistic Pvt Ltd and also set up joint ventures in India and abroad. |
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