Articles by: autocompindiaadmin

BharatBenz inaugurates new dealership in Nepal

BharatBenz inaugurates new dealership in Nepal

Daimler Trucks Regional Center Southern Asia and Omni Motors recently inaugurated its new 3S state-of-the-art dealership facility for its commercial vehicle brand BharatBenz in Itahari, Eastern Nepal. The opening of this new dealership facility, which is owned and run by Omni Motors, is an illustration of BharatBenz’s trucks growing demand and acceptance in the market. The new Itahari dealership is[Read More…]

by November 12, 2019 News
TVS SRICHAKRA showcases EUROGRIP off-highway range at AGRITECHNICA

TVS SRICHAKRA showcases EUROGRIP off-highway range at AGRITECHNICA

TVS SRICHAKRA, one of India’s largest manufacturers and exporters of two and three-wheeler tyres and off-highway tyres is showcasing their TVS Eurogrip Off-Highway product range at AGRITECHNICA 2019. The range includes tyres for construction, industrial and agricultural use including farm implements. The show is being held from November 10-16, in Hannover, Germany. AGRITECHNICA is the world’s leading trade fair for[Read More…]

by November 12, 2019 News
DICV wins award for Outstanding Contribution to Indo-German Economic Relations

DICV wins award for Outstanding Contribution to Indo-German Economic Relations

Daimler India Commercial Vehicles (DICV), a 100% Daimler AG-owned entity operating under the umbrella of Daimler Trucks Asia, has been awarded for their ‘Outstanding Contribution to Indo- German Economic Relations’ by the Indo-German Chamber of  Commerce after increasing their exports to Germany by almost 400% from 2017 to 2018. The award was presented by Christian Hirte, the Parliamentary State Secretary[Read More…]

by November 12, 2019 News, Uncategorized

SFL’s Q2 net profit down to Rs 71.07 cr

Sundram Fasteners Limited (SFL), part of the $8.5 billion TVS group, recently announced its Q2 results for FY 2020. The net profit of SFL (standalone) for the Quarter ended 30th September 2019 was at Rs 71.07 crore, as against Rs 110.66 crore during the same period in the previous year. Revenue from the operations of Sundram Fasteners Limited for the[Read More…]

by November 11, 2019 News

Ashok Leyland inducts Saugata Gupta and Vipin Sondhi to its Board of Directors

The Board of Directors of Ashok Leyland, at the board meeting recently, decided to induct Saugata Gupta as Independent Director and Vipin Sondhi as Director to its Board of Directors. Saugata is a very well accomplished corporate leader and is currently the Managing Director & Chief Executive Officer of Marico Limited. He is credited with transforming Marico into a high[Read More…]

by November 11, 2019 News
Ashok Leyland Q2 PAT at Rs 39 crore; down by 92%

Ashok Leyland Q2 PAT at Rs 39 crore; down by 92%

Ashok Leyland Limited, Indian flagship of the Hinduja Group, reported a revenue of Rs 3929 crore which was 48% lower than the same period last year (Rs 7621 crore). The Total Industry Volume had come down by 53%. PBT (before exceptional item) for the quarter was at Rs 84 crore (Rs 688 crore) and PAT was at Rs 39 crore[Read More…]

by November 11, 2019 News
Bosch launches IOT based public infrastructure monitoring solution

Bosch launches IOT based public infrastructure monitoring solution

Honorable Chief Minister of Karnataka B S Yediyurappa recently unveiled an IOT enabled public infrastructure monitoring solution from Robert Bosch Engineering and Business Solutions (RBEI). At the core of the solution is Bosch’s Phantom, an intelligent ecosystem platform, analytics form the core of this solution and it is Phantom’s purpose to bring advanced technology and insightful analytics to our users.[Read More…]

by October 31, 2019 News

TVS EBITDA increased to 8.8% in Q2 of FY19-20

TVS Motor Company’s overall two-wheeler sales including exports was 8.42 lakh units during quarter ended September 2019 as against 10.49 lakh units reported in the quarter ended September 2018. Motorcycle sales for the quarter under review is 3.42 lakh units as against 4.20 lakh units registered in the quarter ended September 2018. Scooter sales of the company for the quarter[Read More…]

by October 24, 2019 News
Benelli launches Imperiale 400 at Rs1.69 lakh

Benelli launches Imperiale 400 at Rs1.69 lakh

Betting big on the Classic bike segment, the Italian superbike manufacturer Benelli, has launched its Imperiale 400 in the Indian market for Rs 1.69 Lakhs (Ex-showroom, India). The Benelli Imperiale 400 is a reinterpretation of a historical model of the Benelli-MotoBi range produced in the 1950s. The Benelli Imperiale 400 is introduced with complimentary service for the first 2-years. The[Read More…]

by October 24, 2019 News
Elgi Equipments launches oil free piston compressors

Elgi Equipments launches oil free piston compressors

Elgi Equipments, one of the world’s leading air-compressor manufacturers, exhibited its oil free range of piston compressors for the railway segment at the 13th International Railway Equipment Exhibition (IREE), Asia’s largest rail transportation event. “The Indian Railways has been ELGi’s important customer for over four decades. Increasing urbanization and rising incomes have contributed to a significant growth in the passenger[Read More…]

by October 24, 2019 News