Traffic Training Park inaugurated in Punjab by Honda 2 wheelers and Ludhiana Municipal Corporation

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Extending its commitment to make safe riding an everyday habit for two-wheeler riders, Honda Motorcycle and Scooter India (HMSI) today entered into a pact with the Municipal Corporation of Ludhiana to adopt the first-ever Children Traffic Training Park in Punjab.

The upcoming traffic park in Ludhiana is set to be Honda’s tenth such tie-up in India after similar parks in Chandigarh, Jaipur, Bhubaneswar, Cuttack, Yeola – Nashik, Hyderabad, two in Delhi and a recently inaugurated Road Safety Education center in Indore, an official spokesman said here.

Through a dedicated road-safety team, Honda has trained over 2.6 lakh people on safe-riding in less than 3 years through these traffic parks, he said.

Present at the MoU signing ceremony were Harcharan Singh Gohalwaria, Mayor, Ludhiana Municipal Corporation, GK Singh -Commissioner, Municipal Corporation of Ludhiana, Ghanshyam Thori- Additional Commissioner, Municipal Corporation of Ludhiana, Harpreet Singh- Department Manager, Safe Riding Promotion & Training, Honda Motorcycle & Scooter India, Rajeev Singh- Zonal Manager (Sales), Punjab, Honda Motorcycle and Scooter India.

Key initiatives by Honda at Children Traffic Training Park, Model Town, Ludhiana will include expert Honda Safety instructors (female & male) to educate new riders on correct riding techniques, Honda’s Proprietary riding trainers which shall aid people above 16 years of age to experience over 100 possible dangers on road.

Speaking on the occasion, Yadvinder Singh Guleria, Senior Vice President-Sales & Marketing, Honda Motorcycle & Scooter India said, ” Under ‘People Come First’ philosophy, road safety promotion has been Honda’s top priorities worldwide since 1970. In India too, we follow safety as an integral part of all our business activities.Through various road safety initiatives, we have educated more than 9 lakh individuals including women and kids.”
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Faurecia ups it’s Earnings Guidance after seeing a strong first half in 2016

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Driven by strong organic growth in Europe, Faurecia’s profitability in the first half of 2016 exceeded expectations encouraging the company to up the earnings guidance for the next quarter.

French car parts supplier raised its full-year guidance on profit and cash generation after reporting a stronger first-half performance in Europe.

European carmakers have been upgrading their European auto market forecasts since the start of the year as the recovery in demand gathers pace.

Faurecia’s operating income rose to 490 million euros ($539.2 million), or 5.1 percent of total sales, over the first six months of the year compared with 384 million euros a year ago.

“Faurecia’s robust profitability in the first half of 2016 … was driven by a strong organic growth in Europe, clearly outperforming automotive production, a profitability breakthrough in North America and robust profitability in Asia,” Chief Executive Patrick Koller said in a statement on Monday.

Faurecia, which is 47 percent owned by French carmaker PSA Peugeot Citroen, said it expected operating margin on total sales of no less than 5 percent, versus its previous guidance of 4.6 to 5 percent.

The company also targeted net cash flow of minimum 300 million euros, compared with its earlier expectation of around 300 million euros.

Faurecia confirmed its guidance on total sales growth in 2016 of 1 to 3 percent.

via: Reuters

Yamaha sets up a new R&D centre at Kanchipuram Tamilanadu

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NEW DELHI: Yamaha Motor Research & Development India Pvt. Ltd.(YMRI) today announced the establishment of its second R&D Centre in India.

The new centre is located in the premises of India Yamaha Motor’s plant in Kanchipuram district, Tamilnadu. The new centre has been established to ensure optimum utilization of resources at both the locations and focus towards the enhancement of the capability and the capacity.An investment of Rs.66 crore has been made to setup the center and it is part of the Rs.1,500 crore investment that Yamaha has already committed to ‘Make in India’ by 2018.The company’s longterm plan is to develop products which fit the Indian & Global customer requirements.

Yasuo Ishihara, Managing Director, YMRI, said, “The objective of the new Centre is to develop models for India and eventually, the Global market. The Chennai Centre shall be the second main pillar for YMRI.”

The YMRI is the fifth overseas R&D headquarters for Yamaha Motor Group following Italy, Taiwan, China and Thailand.

via: TheEconomicTimes