MUMBAI: Bosch, a global supplier of technology and services, is likely to hire around 3,200 associates from the country in the current year, a senior executive of the company said.

"We at Bosch are likely to hire around 3,200 associates from the country in the current year," Robert Bosch Engineering and Business Solutions president and managing director, Vijay Ratnaparkhe, told reporters here today. 

Robert Bosch Engineering and Business Solutions is the R&D arm of Bosch group.

Ratnaparkhe was speaking to the media on the sidelines of a company event.

The company has already hired 10,000 people during the past six years in the country and as of now, its total manpower in the country stands at 18,000, he said.

The company will be hiring people from two places -- Bangalore and Coimbatore -- where the company has its R&D centres. 

Talking about the areas for which it will be hiring, he said, "We are looking for people to work in areas like competency, data analytics and artificial intelligence."

Source :   Bosch to hire over 3,000 associates this year 

NEW DELHI: French auto major Renault today launched the automated manual transmission (AMT) version of its popular small car KWID at an introductory price of Rs 4.25 lakh (ex-showroom Delhi). 

"Looking at evolving customer preferences, AMT technology is panerai replica becoming popular in the compact hatchback segment and we are happy to build on our portfolio by launching the KWID AMT," Renault India Operations Country CEO and Managing Director Sumit Sawhney said in a statement.

The new product is priced Rs 30,000 more than the KWID 1 litre manual transmission version.

KWID has been a popular car in India and the company said it has sold over one lakh units since its launch about a year ago. 

Bullish on the Indian market, Sawhney said: "Our roadmap for India is very clear, with an immediate goal of achieving a market share of over 5 per cent. We will continue with our product offensive strategy in India, as is reinforced by the KWID AMT launch, to substantially grow the Renault brand in India."

Source : Renault launches automated manual transmission KWID at Rs 4.25 lakh

Hero Motocorp : Country's largest two-wheeler maker  Hero MotoCorp reported a 3.64 percent increase in sales at 6,63,153 units in October.The company had sold 6,39,802 units in October 2015, Hero MotoCorp said in a statement.

The two-wheeler major said its retail sales during the festive period crossed a million units even before the Dhanteras day.

"This has overall been a record festive season for Hero MotoCorp. With this performance, the company's dealer inventories have come back to normal levels," it said.

The company has crossed six lakh plus sales in five months during 2016 so far.

TVS Motor:  TVS Motor & reported a 3.7 percent increase insales at 6.63 lakh units versus 6.39 lakh units.& Third consecutive month of 6 lakh plus retail sales. Total Sales rises 12 percent at 3.08 lakh units versus 2.74 lakh units.& Strong retail growth during festive season. Motorcycle Sales rises 14.5 percent at 1.21 lakh units versus 1.06 lakh units.& Scooter sales see muted growth. Scooter Sales up 1 percent at 92,417 units versus 91,430 units.

Cairn   and  ONGC & in focus Crude oil prices decline 3 percent overnight; At 5-week lows. Crude oil has fallen over 10 percent in last week.

HT Media & reported a decline of 16.01 percent in its consolidated net profit to Rs 30.93 crore for the quarter ended on September 30, 2016

The company had posted a net profit of Rs 36.83 crore in the July-September period of the previous fiscal, HT Media said in a BSE filing.

HT Media's net sales during the period under review were up marginally 0.14 percent at Rs 596.15 crore as against Rs 595.30 crore in the corresponding quarter of previous fiscal.

Sonata Software : IT services firm  Sonata Software & said its consolidated net profit declined 4 percent to Rs 37.8 crore for the September quarter, impacted by forex movement and additional investment in intellectual property (IP) development.

The company's net profit stood at Rs 39.3 crore in the year-ago period, Sonata said in a statement.

Its revenues grew 31 percent to Rs 522.5 crore in July-September, from Rs 398.4 crore in the same quarter last year.

Further, the company has reported an exceptional item of Rs 2.09 crore in the first quarter on account of interest on refunds received from the Income Tax department

Source :  Hero Motocorp, TVS Motor, ONGC are stocks in focus

Mahindra’s mass market products such as the Centuro and the Gusto haven't enjoyed too much success. However, the 300cc Mojo, though not a runaway success in terms of sales, has certainly established itself as a well-known brand. At the recent announcement regarding the purchase of the rights of the BSA and Jawa brands, the company outlined their two-wheeler plans for the future.

The big news is that Mahindra Two-Wheelers will be shifting its focus away from smaller offerings – the Centuro and Gusto. While the company will not axe the brands, Mahindra will cut down the advertising spends on these products and put a cap on future development for them.

The company will instead focus on building the Mojo into an umbrella brand, much like Bajaj’s Pulsar, by offering multiple bikes with varying engine capacities and styles under the same moniker. This will be kept separate from the Classic Legends brand which will make classic motorcycles sporting the BSA (for Europe and the US) and Jawa (for India) badges.

Source : Mojo to become Mahindra's premium bike brand

With the increasing interest in petrol in India, BMW is looking to further bolster its range with the introduction of petrol-powered variants of two of its SUVs. Both the X3 and the larger X5 are expected to launch sometime next month. Interestingly, as per reports, the two SUVs will be introduced as locally assembled units and not CBUs as seen on the petrol 3-series and 5-series.

The X3 is expected to be available in its 28i spec powered by the automaker’s 2.0-litre four-cylinder Twin Power Turbo engine good for 240hp and 353Nm of torque. Globally, the unit is available with a choice of two or all-wheel drive, though, for India, the model is expected to come with xDrive all-wheel drive only.

The X5 petrol is likely to reach our shores as the 35i. Under this spec, the SUV is powered by a 3.0-litre in-line six-cylinder engine developing a meaty 300hp and 407Nm of torque. Also available worldwide as a two or all-wheel drive, the petrol X5 is expected here with only xDrive all-wheel drive. Both the SUVs will use an eight-speed automatic gearbox as standard.

The petrol X3 and X5 will squarely rival the new Mercedes GLC 300 and the GLE 400, respectively, which are currently the only petrol powered SUVs in their classes. As per dealers, both models can be booked against a down payment of around Rs 5 lakh.

The launch of the petrol X3 and X5 could be followed by more petrol models as BMW looks to expand and bolster its position in the petrol car market. BMW has already confirmed a petrol-powered X1, when it launched the model at the Auto Expo earlier this year. Other models could include a more powerful petrol 3-series run by the 252hp unit for the updated 330i GT and a possible petrol-powered X6 using the same engine as on the upcoming petrol X5.

The introduction of petrol options has been a marked change for the German automaker which had until early this year predominantly offered diesel models in the country. Only recently did Mercedes finally offer all its models with a petrol option too.

Source  :  BMW X3, X5 petrol India launch soon