Page 36 - ETP-April-May2020

AUTOMOTIVE

Toyota Yaris Cross makes world debut

oyota has announced that its size while providing SUV-like in-
Tnew compact SUV, the Yaris terior comfort and luggage room.
Cross, originally planned to be re- The exterior design, though sim-
vealed at the 2020 Geneva Motor ple, expresses the robustness of an
Show, has made its world debut. As SUV. The interior design is also
a new SUV that inherits the quali- shaped to give it a feeling of higher
ties of the brand’s flagship com- quality and comfort.
pact car, Yaris, Yaris Cross will be The new vehicle follows last
launched in Japan in Autumn this year’s debut of the all-new Yaris,
year, and in Europe mid- 2021. unveiled in October 2019 as the
By adopting the all-new hybrid system and the TNGA next-generation compact car. Yaris Cross will be manufac-
platform (GA-B) for compact cars, the ‘Yaris Cross’ offers tured at Toyota Motor East Japan Co., Ltd. for the Japan
a higher dimension of basic and environmental perfor- market, and at Toyota Motor Manufacturing France for
mance. Also, the vehicle achieves an easy-to-handle body the European market.

Groupe Renault changes strategy Emerald Sage to acquire
for China market stake in Apollo Tyres

roupe Renault has unveiled its new strategy for the Chinese he Competition Commission of India
GMarket to focus on electric vehicles (EV) and Light Commer- T(CCI) has approved the proposed acquisi-
cial Vehicles (LCV). With regards to the ICE passenger car seg- tion of 9.93% stake by Emerald Sage Investment
ment, Groupe Renault has entered into a preliminary agreement Limited in Apollo Tyres Limited. The proposed
with Dongfeng Motor Corporation under which Renault transfers combination envisages subscription by Emerald
its shares to Dongfeng. DRAC will stop its Renault brand-related Sage Investment Limited (Emerald) to 10.80
activities. Renault will continue to provide high quality aftersales crores compulsorily convertible preference shares
service for its 300,000 customers through Renault dealers but also constituting approximately 9.93% of the post-is-
through Alliance synergies. Further development for Renault brand sue paid up share capital of Apollo Tyres Limited
passenger cars will be detailed later within future new mid-term- (Apollo).
plan Renault. Emerald is an investment holding company
Furthermore, Renault and Dongfeng will continue to cooperate incorporated under the laws of Mauritius. Share-
with Nissan on new generation engines like components supply to holders of Emerald are certain private equity
DRAC and diesel license to Dongfeng Automobile Co., Ltd. Re- funds managed by Warburg Pincus LLC, which
nault and Dongfeng will also engage in innovative cooperation in acts as a manager to certain private equity funds.
the field of intelligent connected vehicles. “We are opening a new The portfolio companies owned by these private
chapter in China. We will concentrate on electric vehicles and light equity funds are active in a variety of sectors in-
commercial vehicles, the two main drivers for future clean mobil- cluding energy, financial services, healthcare and
ity and more efficiently leverage our relationship with Nissan,” said consumer, industrial and business services, tech-
Francois Provost, Chairman of China region of Groupe Renault. nology, media and telecommunications.
The Economic Times POLYMERS | April-May 2020
Hyundai Motor India partners with Air Liquide

yundai Motor India (HMI) has used by healthcare professionals that CEO, Hyundai Motor India Ltd.,
Hentered into a partnership with take over the work of breathing from said, “Ventilators and other respirato-
Air Liquide Medical Systems Pvt. a patient who is unable to breathe ry aids are critical devices in the fight
Ltd. (ALMS) a Manufacturer of ICU on their own by delivering air with against COVID-19 and to this end,
Ventilators, to augment the produc- high concentration of oxygen to their Hyundai & Air Liquide Medical Sys-
tion and supply of Ventilators in Ta- lungs. For patients severely affected by tems are working together to ensure a
mil Nadu and other states. With this COVID-19, ventilators are critical to steady supply of Ventilators in India.
partnership HMI and ALMS aim to ensure continuous oxygen is supplied As a Socially Responsible and Car-
achieve a target of 1000 ventilators to overcome respiratory insufficiency. ing Brand, Hyundai is committed to
in the Phase 1 of production, and to Commenting on this arrange- serving society in every way and will
scale up subsequently. ment with Air Liquide Medical continue to support the Government
Ventilators are medical devices Systems Pvt. Ltd., SS Kim, MD & in India’s war againstCOVID-19.”

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