Company limited by Shares (2) 380+ employees


A 30, Industrial Area, Sector 73, Phase VII, Mohali 160055, Punjab
705+ employees
Company limited by Shares
Non-govt company
08 Oct,1997
ISO/TS 16949
19 Related OEMs
1 No. of plants

Company Breakup

Name share
Bodies Corporate
Total Number Of Shareholders 2
Shareholding As On 2015-09-28


13 Apr 2024

Sour grapes? China thinks Tesla's India biz will be doomed

China has expressed disapproval of Elon Musk's plan to open a Tesla factory in India. The Global Times has predicted challenges for Tesla in the immature Indian market, recommending India to partner with Chinese companies for EV manufacturing.

13 Apr 2024

Beyond Tesla: Musk, PM to take up Starlink too

Musk’s satellite internet venture has been trying for more than three years to get a licence in India, but has failed to pass govt scrutiny, even being reprimanded by the department of telecom in late 2021 for accepting customer bookings, without licence.

12 Apr 2024

Oil’s rise complicates global war on inflation

Rising oil prices pose inflation risks for India, with a USD 10/barrel hike potentially increasing consumer prices by 0.2-1.4%. Asian economies, especially net importers of crude, are sensitive to CPI and could face challenges.

10 Apr 2024

India's petrol consumption doubles in a decade

Between 2013-14 and 2023-24, the annual consumption of petrol increased 117%, diesel 31%, aviation turbine fuel 50% and LPG 82%, according to the petroleum and natural gas ministry data. Kerosene consumption slumped 93% during this period as the government's clean cooking drive increased access to LPG.

02 Apr 2024

Share of SUVs scales 50% of sales in FY24

And, share of hatchbacks (minis), that were once the staple of Indian car buyers and accounted for one out of every two cars sold in the country, slipped to around 28%, beaten down by growing popularity of SUVs. With prices of hatchbacks rising as much as 65% over the past few years and income of their buyers inched up much slower, the humble mini car has failed to keep pace.

02 Apr 2024

Domestic car sales in last financial year grew by nearly 9% to a record 4.23 mn units

Car sales in India soared by 9% to 4.23 million units last fiscal, driven by SUV demand. Maruti Suzuki, Hyundai Motor India, Tata Motors, Mahindra & Mahindra, Toyota Kirloskar Motor, and MG Motor India all reported significant sales growth across various segments. Around 370,000 cars, sedans and utility vehicles were sold last month, compared to 336,000 units in the year-ago period, making it the 15th consecutive month that PV sales have breached previous monthly records.

30 Mar 2024

Startups looking to reverse-flip must pay tax: Piyush Goyal

Indian-origin startups considering relocating to India face tax implications, aiming for better valuations. Minister Goyal emphasized using tax revenue for social development. Walmart paid significant taxes during PhonePe's separation. Angel tax and valuation norms are being regulated for startup balance.

29 Mar 2024

Adani's copper unit in Mundra begins operations

"With Kutch Copper commencing operations, the Adani portfolio of companies is not only entering the metals sector but also driving India's leap towards a sustainable and 'aatmanirbhar' (self-reliant) future," said Gautam Adani, Founder and Chairman of Adani Group.

26 Mar 2024

Mercedez Benz research wing expands Bengaluru presence

The company will pay a rent of INR 72 per square foot per month in the first three years of the lease, according to a source with direct knowledge of the deal. The company also renewed its lease with Embassy Crest in Whitefield from Embassy Property Developments for 60 months at the end of 2023. Mercedes-Benz Research and Development India is planning to hire over 1,000 engineers in India in the upcoming year, as per market information.

23 Mar 2024

4.2 million car sales may blast their way to record

Around 375,000-380,000 cars, sedans and utility vehicles are expected to be sold in India in March, up from 336,000 units a year earlier, making it the 15th consecutive month that PV sales have breached previous monthly records. For the first time, sport-utility vehicles are set to capture more than half of the passenger vehicle market in a year underscoring their growing popularity.

22 Mar 2024

'Money and roads' make Volkswagen think premium for India

Mayer, who is on his first visit to India after assuming charge of international sales at the headquarters, said he was "pleasantly surprised" at the changes here. "The growth is impressive. People have the spending power. And it is not just smaller, cheaper cars that people are buying but the bigger and premium vehicles. Infrastructure has improved. People are taking more road trips. There is another use case today for buying more premium vehicles to travel comfortably with families," Mayer said.


Name DIN Email Designation Date of joining
Dr Joerg Boecking Unlock to View Unlock to View Director 20 Jul,2016
Jon Christopher Pecoraro Unlock to View Unlock to View Whole-time director 28 Sep,2015
Madhur Aneja Unlock to View Unlock to View Whole-time director 06 May,2015
Ravinder Arora Unlock to View Unlock to View Director 19 Jun,2013
Axel Harald Wersel Unlock to View Unlock to View Director 30 Oct,2006



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