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Hitachi Automotive Systems already supplies parts not only to Honda but also Toyota, Ford, Volkswagen, Renault and Nissan. Hitachi Automotive Systems and Honda Motor (TKO: 7267, NYSE: HMC) have agreed to create a joint venture specializing in electric vehicles, with the investment of some $45 million. Hitachi Automotive Systems, Hitachi's (TKO: 6501) auto parts subsidiary created in 2009, will control 51% of the operation, with the remaining 49% to be held by Honda, according to Reuters. But rather than pushing Japanese automakers apart, these forces have encouraged rivals to work together on R&D as they seek synergies from overlapping supply chains. Through a majority stake in Maruti Suzuki India (NSE: MARUTI), Suzuki currently supplies one of every two passenger cars sold in India, exploiting a supply chain over 35 years in the making, per Reuters.
as declared in
After all the primary impact of demonetisation on the auto industry was really seen on rural sales. The auto industry is disappointed that its long-standing demand for incentive-based fleet modernization has no mention in the budget. But it is the farm-friendly policies like that the Finance Minister has announced that will really benefit the auto sector. This is a boost for core sectors such as rural, agriculture, steel, manufacturing etc..., and will convert into increase in consumption in rural India." YS Guleria, Senior VP- Sales & Marketing, HMSI said, "With almost 50% of two-wheeler demand coming from rural and semi-urban India, Budget 2016 should have a positive impact for the industry going forward."
read more visit us industry
collected by :John Max
as declared in
After all the primary impact of demonetisation on the auto industry was really seen on rural sales. The auto industry is disappointed that its long-standing demand for incentive-based fleet modernization has no mention in the budget. But it is the farm-friendly policies like that the Finance Minister has announced that will really benefit the auto sector. This is a boost for core sectors such as rural, agriculture, steel, manufacturing etc..., and will convert into increase in consumption in rural India." YS Guleria, Senior VP- Sales & Marketing, HMSI said, "With almost 50% of two-wheeler demand coming from rural and semi-urban India, Budget 2016 should have a positive impact for the industry going forward."
read more visit us industry
collected by :John Max
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