Minda Industries to supply auto parts to Volkswagen
Volkswagen has announced their first major sourcing agreement in India with Delhi-based Minda Industries.
Minda has signed on a $15 million agreement with the German automotive giant to supply headlights and rear combination lamps.
These would be used in models planned for launch sometime next year in the Indian market. [...]
Nissan and Ashok Leyland in venture for Indian market
Nissan Motor is collaborating with Indian company Ashok Leyland for a venture for the Indian market.
The two companies plan to invest around $500 million in three joint ventures in India.
These would be related to manufacturing of light commercial vehicles, engines and other components for automobiles.
This venture [...]
Volvo Car Corporation Sweden to outsource components from India
Volvo Car Corporation Sweden has announced that they are now going to outsource components from India.
They are aiming to outsource components worth $99 million from India this year.
With this they are joining other global automakers including General Motors Corporation and DaimlerChrysler AG to outsource their components from [...]
