In 2014, Continental announced the 100% ownership of the joint venture with Emitec Emission Control Technologies. Emitec, founded in 1986 and based in Lohmar, Germany was formerly a 50/50 joint venture between Continental and GKN. With this acquisition, Emitec has been integrated into Continental’s Powertrain Division, merging with Business Unit Fuel Supply (FS) to form a new Business Unit Fuel[Read More…]
TVS Logistics Services Limited (TVS LSL), a 90% automotive logistics provider has acquired 100% stake in the Tata Group company, Drive India Enterprise Solutions Limited (DIESL) to tap the non automotive segments. Tata Opportunities Fund (TOF) will take a minority stake in TVS LSL by investing up to a maximum of Rs 250 crore, which will be utilised for funding[Read More…]
Madurai-based TVS Tyres to invest Rs 150 crore to expand its capacity both in Madurai and Rudrapur facility. In 2014-15, the company had manufactured a monthly 1.6-million tyres in Madurai plant and 400,000 tyres in Rudrapur plant. The company’s Director, P Vijayaraghavan said, “During 2014-15, we have enhanced our capacity from 1.70 million tyres per month to 2 million tyres.[Read More…]
Yamaha inaugurated its training school for under privileged youth at Don Bosco Technical Campus in Chennai. Yamaha Training School (YTS) is an outcome of the company’s corporate social responsibility (CSR). “ As a responsible corporate, supporting India’s mission we have initiated this activity which paves way for underprivileged to get employment opportunities on successful completion of 1 year program at[Read More…]
Ford Figo Kicks-off the launch of Figo Aspire and made its appearance in Chennai on 9th and 10th of May 2015. Ford Figo embellishes the spot giving customers first hand experience of this stylish compact sedan. This has been showcased at central atrium and Express Avenue mall as a part of 10 week long road shows and spectators are enticed[Read More…]
Apollo Tyre’s corporate social responsibility has now taken a shape with the advent of “Go the distance playgrounds” with worn out tyres. Apollo has history of corporate social responsibility events and this has to be highlighted as an off the mark event as it is the prototype initiative of “waste to wise translation”. The worn out or end of life[Read More…]
