US-based ERP (Enterprise Resource Planning) software company QAD is planning to tap into India’s auto components industry which has registered a CAGR (compounded annual growth rate) of 10% in the last 5 years. Globally, QAD provides their services to auto parts suppliers like Cummins, Autoliv, Dura but in India, the company has so far been catering to the local businesses of its global clients. Now QAD is targeting the top 200 Indian auto component makers to expand its cloud-based solutions business. To further its interest, QAD has entered into an agreement with IT services companies Tata Consultancy Services and Thirdware to implement its solutions for Indian customers. QAD has recently modified its ERP software and will be using India as a base for localising its solutions for the needs of not only the Indian market but would also cater to multiple other countries. #autojobs4u #ERPCompany #US #Indianautoparts #automobileindustry #automotiveupdates

Major CV makers like Tata Motors, Ashok Leyland, Mahindra & Mahindra, and Eicher branded trucks & buses reported either negative or marginal growth in their CV sales in Feb-19. Tata Motors (M&HCV) volumes declined sharply by 18 per cent year-on year (Y-o-Y) in February, while Ashok Leyland sales in the same segment contracted by 4 per cent. Eicher Motors and M&M M&HCV sales also fell by 7.8 per cent and 17 per cent respectively in the same month. The axle norms introduced in Aug-18, has increased the freight carrying capacity of M&HCV by 20%, thereby almost putting a halt on new truck buying. Goods carrying HCV sales remained subdued over a high base of Feb-18 (created due to a stricter implementation of overloading ban in north India last fiscal). The major factors contributing to this slide other than revised axel norms are factors like higher interest rates, slow economic activities, liquidity issue and high base effect. #autojobs4u #HCV #MCV #volumedro...

Chinese automaker SAIC subsidiary MG Motor India has expressed surprise at leaving out of private 4-wheeler electric vehicles (EVs) for support under the FAME II scheme. Under the Rs.10,000-crore FAME II (Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles) scheme announced last week, subsidies will be given to only to 3-wheelers and 4-wheelers used for public transport or registered for commercial purposes. In the two-wheeler segment, the focus will be on private vehicles. The Union Cabinet last week approved the FAME II scheme through which the government plans to support 10 lakh electric two-wheelers, 5 lakh 3-wheelers, 55,000 4-wheelers and 7,000 buses. MG Motor India is gearing up to launch its first pure electric vehicle - the MG eZS in the 4th quarter of this year to kick start it green mobility solution drive, stimulating deep R&D technological expertise and investments in development of various EVs components. As per company exclusion of private elec...

Mahindra & Mahindra (M&M) which currently sells e2oPlus and eVerito EVs is planning to accelerate launch of electric vehicles (EVs) in the wake of government clearing a Rs 10,000-crore programme under the FAME-II scheme. M&M has earmarked a total outlay of Rs.900 cr for EV vertical. The company has set up an electric technology manufacturing hub in Bengaluru with an investment of Rs.100 cr and Rs.350 cr for new R&D centre in Bengaluru. It is also expanding its Chakan (Pune) plant at an investment of Rs.450 cr to enhance its EV portfolio. The company would look at localising the motor which goes into EVs, the power electronics and the battery. FAME II will be implemented over a period of 3 years w.e.f. 1st Apr-19. The main objective of the FAME II scheme is to promote and encourage faster adoption of electric and hybrid vehicles by way of offering upfront incentive on purchase of EVs and also by way of creating necessary charging infrastructure for EV. #autojobs4u ...

The slowdown in JLR (Jaguar and Land Rover) most important market ie China has badly hit sales of JLR auto brands. Since Tata took over JLR from Ford in 2008, its journey has been good with it Range Rover Evoque becoming a runaway hit and accounting for major part of Tata Motors earning in 1st half of decade. Now the China’s slowdown has hit sales of JLR and also UK decision to vote to break away from EU has further impacted its sales. Quality problems have also been a major reason for JLR falling sales. As per a J.D. Power survey of 31 brands in June 2018, Jaguar and Land Rover is at the bottom two slots. Jaguar had 148 problems per 100 vehicles and Land Rover racked up a dizzying 160. Shipments have collapsed in China, plunging 35 % in the 9 months to Dec. 31. The company is eliminating 4,500 jobs, or about 10 % of its global workforce and plans to write down its JLR investment by $3.9 billion. Tata Motors, posted a record loss of 270 billion rupees ($3.8 billion) in the Dec qua...

Mahindra & Mahindra is all set to start M-Plus, a free, nation-wide mega service camp for customers of its entire range of personal vehicles. M-Plus will be organized in more than 600 Mahindra authorized workshops across major cities in India from 4th Mar to 12th Mar 2019. The Mahindra customers can avail of an exhaustive 75-point check on their vehicle, completely free of cost, through trained technicians. They will also have the opportunity to avail of discounts on spare parts, labour, Maxicare and also win exciting gifts at the participating workshops. To avail various offers, Mahindra owners can drive down to their nearest authorized workshops during the period of the M-Plus Mega camp or register their appointments on Mahindra’s “With You Hamesha” 24x7 toll free help line (1800-209-6006) or on the With You Hamesha App / Website. #autojobs4u #Mahindra #Nationwide #Servicecamp #Automobileindustry #Automotiveupdates

China’s largest automaker SAIC Motor Corporation, which is set to enter the Indian market next quarter with the Morris Garages brand, is considering an additional investment of $350 million in setting up a 2nd manufacturing unit. MG Motor has acquired General Motor’s plant in Halol at an investment of Rs.2200 cr to develop C-segment sports utility vehicle(SUV) for its debut in India and plans to launch 4 vehicles over next 2 years. The Halol plant has a capacity to produce 80,000 vehicles of larger make and for subsequent launches it needs additional manufacturing unit. The company would launch SUV Hector, which will take on the likes of Jeep Compass and Hyundai Tuscon. This will be followed by EV model eZS towards the end of 2019 and by 2020 further 2 more new models would be launched. The company has appointed about 50 dealer principals and plans to start operations with 100 sales and service touch points across India. #autojobs4u #SAIC #MGMotors #India #Automobileindustry #Au...