Car market goes global: foreign control grows at auto joint ventures

Article Abstract:

The inability of Indian carmakers to increase their stake in their joint ventures with foreign automobile manufacter partners has given control of the joint venture to the foreign partner. Such is the case with Mahindra & Mahindra Ltd. which relinquished control of Mahindra Ford India Ltd. to partner Ford Motor Co., which plans to reduce its stake in the joint venture from 50% to 20%. Tata Engineering and Locomotive Co. also had to give partner Daimler Benz AG a 76% stake in their joint venture due to its funding problems with other core businesses.

Joint ventures, Ford Motor Co., Daimler-Benz AG, F, Mahindra and Mahindra Ltd.

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Auto parts makers in Japan follow the march into India

Article Abstract:

Auto parts makers and automobile companies increase their investments in India with Honda Motor Co leading the way. Some companies build new plants while others increase their equity in existing investments. Honda's planned launch of the City model in the country has brought five of its associates into the country. Other companies like Telco and Maruti Udyog Ltd report a rise in investment activities in the country.

Motor vehicle parts and accessories, Motor Vehicle Parts, Motor Vehicle Parts Manufacturing, Foreign operations, Automobile equipment and supplies industry, Automotive parts industry, Automotive parts, Honda Motor Company Ltd.

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Telco stock could pick up on steady sales of trucks

Article Abstract:

Stocks of Tata Engineering and Locomotive, India's biggest maker of commercial vehicles, are expected to increase on the strength of truck sales. Over half of the firm's output are trucks, which is a market segment that does not have any foreign competition. Meanwhile, investors could take advantage of the still low prices of Tata Engineering's stocks, which have gone down by 18% during earlier periods.

Trucks, Motor Vehicle Manufacturing, Truck industry, Securities

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