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General Motors India to stop production at Gujarat plant

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General Motors India

Chennai, March 

Carmaker General Motors India on Tuesday confirmed it will stop production at its plant in Halol in Gujarat next month and consolidate production at its Talegaon plant in Maharashtra.

A company statement said production will cease at Halol plant from April 28.

“We will support our employees at the Halol plant throughout this transition,” President and Managing Director Kaher Kazem said in the statement.

“We have in place the options of a significantly enhanced separation package or continuity of employment at our Talegaon plant,” he added.

Transition support for employees will include financial counselling and tax advice, as well as information and transition support for employees transferring to the Talegaon facility.

The company is working with government authorities and labour unions, as well as impacted employees and suppliers, to ensure an orderly transition.

Kazem said General Motors India continues to work towards the asset-only sale at the Halol site.

(IANS)

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Mahindra commits to become carbon neutral company by 2040

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San Francisco, Sep 14: Mahindra & Mahindra, India’s leading manufacturer of utility vehicles and part of the $20.7 billion Mahindra Group, on Thursday announced its commitment to become a carbon neutral company by 2040.

For this, the company will be working with Environmental Defense Fund (EDF) to meet its carbon neutrality commitment.

Mahindra & Mahindra will focus on energy efficiency and the use of renewable power to achieve this target. Residual emissions will be addressed through carbon sinks, the company said.

“We are doing our part in the global fight against climate change with this ambitious new target. Mahindra will leverage the latest technological advances and its recently announced carbon price to work towards being carbon neutral by 2040,” Mahindra Group Chairman Anand Mahindra said.

He is in this California city to co-chair the Global Climate Action Summit (GCAS) that aims to encourage all stakeholders to raise their ambition with many new possibilities emerging out of the discussions.

Mahindra & Mahindra was the first company in the world to commit to doubling energy productivity by signing on to The Climate Group’s program EP100.

“We have already seen remarkable value in reducing emissions through the EP100 program which aims to double energy productivity in our main businesses — auto, farm equipment and holiday resorts,” Mahindra told IANS.

He said science-based targets are a way of ensuring that ambition is stepped up and action is aligned to the target set by the 2015 Paris Climate Change Agreement.

Using energy efficient lighting, efficient heating, ventilation, and air conditioning, motors and heat recovery projects, Mahindra & Mahindra has doubled the energy productivity of the automotive business almost 12 years ahead of schedule, the company said.

The farm equipment business is also ahead of schedule in achieving its goal and is more than half-way there, it said.

The company was also the first Indian company to announce its internal carbon price of $10 per ton of carbon emitted to fund investments required to pursue the path of carbon neutrality.

The price was carefully arrived at on the basis of international benchmarks and an assessment of what was required to achieve the goals set by the business on energy efficiency and renewable energy.

The company has more than 10 years of experience in creating carbon sinks. It looks forward to using this experience to deal with residual emissions in a manner that is world class and follows the best established protocols.

The company is also a signatory of the science-based targets initiative which provides companies with a clear pathway for reducing emissions in line with the Paris Agreement’s goal of limiting global warming to well below two degrees Celsius above pre-industrial levels. All these commitments are helping the company on its path to go carbon neutral.

“By pledging to reach carbon neutrality in its operations, Mahindra is sending a clear message that investment in climate-smart growth is good for business. This commitment can unlock collaboration, innovation, and results,” Senior Director for Global Climate at Environmental Defense Fund (EDF) Richie Ahuja told IANS.

The EDF is a leading international nonprofit organization, creates transformational solutions to the most serious environmental problems.

IANS

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Driverless cars set to appear on Australian roads by 2019

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Photo Credit- The Pioneer

Canberra, Sep 12: Perth will be one of the first cities in the world to trial driverless on-demand cars, with a prototype vehicle unveiled on Wednesday.

Manufactured by autonomous vehicle company NAVYA, the cars will include a “chaperone” who will be able to stop the car manually at any time necessary.

The vehicles can carry up to six people and have a maximum speed of 90 kmph, although speeds are likely to be capped at 50 kmph during the trials.

Once unmanned trials are completed in 2019, registered users will be able to order a car to their destination via a phone app, similar to a regular taxi, Xinhua news agency reported.

Royal Automotive Club is responsible for facilitating the tests in Australia and Chief Executive Terry Agnew said Perth was one of just three cities in the world to be trialling the cars.

“How we move around is rapidly evolving and being able to test emerging vehicle technologies right here in Western Australia will help us adapt to these changes in the safest way possible,” Agnew said.

IANS

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Maruti Suzuki posts 3.4% decline in August sales

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Ramesh Pathania/Mint

New Delhi, Sep 1: Automobile major Maruti Suzuki India on Saturday reported a 3.4 per cent dip in sales in August as the car maker sold a total of 158,189 units in the month, compared to 163,701 units sold in the year-ago month.

“Sales during the month were adversely affected due to severe floods in Kerala and heavy rains in other parts of the country,” it said.

In the domestic market, it sold 147,700 units during August, down by 2.8 per cent from 152,000 units sold in the corresponding month in 2017.

The carmaker exported 10,489 units registering a 10.4 per cent drop from 11,701 units shipped out in the year-ago month.

It sold 114,261 units of passenger cars in the August 2018, falling by 1.4 per cent from 115,897 units sold in the corresponding month 2017.

Sales of its utility vehicles dropped by 16.2 per cent to 17,971 units in August, while vans sales were at 13,663 units, decrease by 1.9 per cent over corresponding month 2017.

However, during the first five months of the current fiscal, it posted a 12.4 per cent growth in sales to 813,037 units as compared to 723,618 units sold in the corresponding period of 2017-18.

IANS

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