Pune

Renault rides high on Captur

Renault, the French car giant, which with its Japanese partner Nissan became the king of the hill in January-July period, toppling German Volkswagen brand, is all set to repeat its runaway success of Renault Kwid hatchback with its new premium SUV (sports utility vehicle) the Captur (pronounced capture).

The top end Captur, the Captur Platine, which makes its global commercial debut next month before Diwali festival, was unveiled in Goa last week-end. Captur Platine is the most premium version across Renault cars.

Atlas Copco expects double-digit growth

Swedish compressed air solutions specialist and 11-billion euro company Atlas Copco is targeting double-digit growth in India on the back of higher demand for its industrial products here.

“We have a fairly good book order in hand this year with the latest from Hindustan Zinc worth $25 million received last month for drilling equipment,” Giovanni Valent, managing director at Atlas Copco India told Financial Chronicle.

Tata brings in Nexon

Tata Motors, India’s largest automobile major by revenues, on Thursday launched its much-awaited compact sports utility vehicle Nexon. The auto major, which is aiming at number three slot in the country after Maruti Suzuki and Hyundai, has priced the car, with petrol and diesel options, between Rs 5.85 lakh and Rs 9.45 lakh at New Delhi showroom.

The aggressive pricing would help Nexon undercut its rivals, the Maruti Vitara Brezza (Rs 7.24 - 9.91 lakh) and Ford EcoSport (Rs 7.10 - 10.71 lakh) by a decent margin.

M&M to acquire tractor, foundry biz of Turkey’s Erkunt for Rs 735 crore

Mahindra & Mahindra, India’s biggest tractor maker by sales, on Wednesday signed pacts to acquire Turkey-based Erkunt Group’s tractor manufacturing and foundry businesses for Rs 735 crore in cash.

The acquisition is part of Mahindra’s plan to double its global revenue to $5 billion by 2019. It is targeting 50 per cent revenues from global markets by 2019 to de-risk the cyclical business.

Mahindra showcases driverless tractors

Mahindra and Mahindra – India’s biggest tractor maker by sales – showcased its driverless tractor on Tuesday. The Mumbai-based auto major, which plans to bring the tractors in the market next year, is also working on an electric tractor.

The company said farmers can now control the tractors remotely, which will be launched in early 2018. The first priority would be to reduce the driver’s dependence and the second would be to make it completely driverless.

Tata Motors launches Tiago Wizz

Tata Motors, India’s biggest auto maker by revenues, on Tuesday introduced a limited-edition of its successful compact hatchback Tiago and christened it Tiago Wizz to cash in on the festive season, and attract more buyers.

Usually, during the festive season, sales increase by about 20 per cent.

The Mumbai-based auto major with a turnaround strategy to revive its car business in a fiercely competitive market has added an accessory kit to make it look sportier.

BMW’s New Experience Tour

BMW, the second biggest German luxury carmaker in India, has expanded its driving experience for customers to lure new buyers.

This year, the brand has introduced the BMW Experience Tour in 14 cities, the BMW xDrive Experience in 12 cities and BMW M Performance Training in three cities.

Last weekend, BMW showcased its aspirational product portfolio at the brand’s two-day experience tour and BMW xDrive experience in Pune. The city was the first to host both the driving experiences together.

TomTom to manage smart cities’ traffic

TomTom, the listed Amsterdam-based biggie in making GPS navigation and digital mapping products, is eying $7 billion earmarked for the Modi government’s first 20 smart cities under construction in the country to sell its GPS navigation systems for efficient traffic management.

The Smart City Mission of the central government is banking on PPPs as the primary vehicle to raise money for construction 100 smart cities across Indian in phases.

Pages