Indian Auto Gas to expand operations

October 8th, 2009 THIRUVANANTHAPURAM - Dubai-based Emirates Airline is planning to expand its Kerala operations by adding nine more services per week by Dec 1, a senior official said here. The airline's weekly operations out of the state will go up to 37 from 28 now, Asha Subramanian, sales manager of Emirates in South Kerala, told reporters here.

October 1st, 2009 KUALA LUMPUR - RMP Infotec Pvt Ltd, an Indian firm specialising in multi-level marketing (MLM), plans to expand its operations to Malaysia and use it as a gateway to other Southeast Asian countries. The company, which adopts binary network marketing commonly used around the world that gives large discounts benefitting consumers, would make an initial investment of RM 10 million ($2.8 million) mainly for basic infrastructure and training for its members here.

September 2nd, 2009 MUMBAI - Union Heavy Industries Minister Vilasrao Deshmukh Thursday said the government is examining setting up of a separate financing arm for auto components manufacturers. We are looking to set up a separate financing arm for auto components manufacturers, Deshmukh told reporters at the sidelines of the annual conference of Automotive Components Manufacturers Association (ACMA).

August 14th, 2009 State Auto Financial declares 15-cent dividendCOLUMBUS, Ohio — State Auto Financial Corp., a property and casualty insurance holding company, said Friday that its board declared a regular quarterly cash dividend of 15 cents. The dividend will be paid on Sept.

August 13th, 2009 ISLAMABAD - At least 25,000 Pakistani and Indian companies traded goods worth Rs.74.32 billion ($900 million) last year, the National Assembly, the lower house of Pakistan's parliament, was informed Thursday. According to figures furnished by the trade ministry, 2,656 Indian companies traded goods worth Rs.8.92 billion with Pakistani companies, while 22,943 Pakistani companies had Rs.65.32 billion of trade with India, Geo TV reported.

July 20th, 2009 Continental brake plant expands despite auto slumpRALEIGH, N.C. — A subsidiary of German auto parts maker Continental AG plans to expand operations at a North Carolina brake systems plant as it looks ahead to North American automakers eventually revving up production again.

June 10th, 2009 Auto suppliers to seek $8-$10B in loan guaranteesNEW YORK — Struggling automotive parts suppliers plan to ask the U.S. Treasury Department for $8 billion to $10 billion in loan guarantees to help support their operations.

June 3rd, 2009 CHENNAI - The decision of General Motors (GM) to file for bankruptcy could create a new supply chain for Indian and Chinese auto component makers, say industry analysts. "Corporate bankruptcy in the US is merely restructuring of operations under the government eye.

June 1st, 2009 GM says China operations normal despite bankruptcySHANGHAI — General Motors Corp. said Monday that its U.S.

April 28th, 2009 NEW DELHI - Renault and Indian auto major Mahindra and Mahindra, which jointly manufacture the sedan Logan in India, will expand their product portfolio to better utilise the capacity at their Nashik plant in Maharashtra. 'We are currently assessing the viability of four to five Renault cars to be manufactured in the facility and will finalise the models with Mahindra,' Ashish Sinharoy, Renault India's senior vice president of corporate affairs, told IANS.

April 23rd, 2009 CHENNAI - Auto major Ford India is adopting a multi-pronged strategy to expand its market share, including raising the local content of its vehicles, expanding the dealer and service centre networks and entering new segments, company officials said Wednesday. 'We have current set of products and are moving into new segments in which we are not present now,' Michael Boneham, president and managing director of Ford India, told reporters at a company plant at Maraimalai Nagar near here.

April 7th, 2009 NEW DELHI - German auto major Porsche's upcoming model Panamera will be available in the Indian market by October this year in the price range of Rs.14.17-Rs.20.18 lakh, a top official said Tuesday. Porsche, which operates in India through the import route, will unveil the new sedan at the upcoming Shanghai Motor Show, to be held April 22-24.

March 31st, 2009 NEW DELHI - The auto sector has no scope for any further price reduction, according to TVS Motor chairman and managing director Venu Srinivasan, the newly-elected president of industry group Confederation of Indian Industry (CII). 'The auto sector is among the worst-hit sectors and the higher interest rate has further hit the profit margins of auto companies,' Srinivasan told reporters after taking over as CII chief Tuesday.

February 23rd, 2009 NEW DELHI - Industry lobby Federation of Indian Chambers of Commerce and Industry (FICCI) Monday urged the government to set up a separate export promotion council (EPC) for India's automotive industry to help it achieve higher share in the global market. 'A separate EPC with the primary objective of helping the Indian auto sector to achieve 5 percent share in global trade in the next 10 years needs to be created,' the chamber said in a statement.

January 5th, 2009 MUMBAI - Conglomerate Birla Corp Tuesday announced it had decided to lay off employees at the company's Birlapur auto trim division. In a regulatory statement, the company said the decision was taken on account of shortage of power.