Finance

Motherson Sumi records $ 5 billion sales in FY14, ahead of its target Vision 2015

Motherson Sumi records $ 5 billion sales in FY14, ahead of its target Vision 2015

Motherson Sumi Systems Limited (MSSL), the flagship company of the Samvardhana Motherson Group, has achieved consolidated revenues of USS $ 5 billions for the year 2013-14, one year ahead of target for Vision 2015. The consolidated sales went up by 20%, PBT by 84% and PAT by 72% for the full FY 2013-14. For the fourth quarter of Q4 FY[Read More…]

by May 22, 2014 Finance, Focus, News, Web Exclusive

Kar Mobiles merges with Rane Engine Valves

Rane Group, one of India’s leading auto component manufacturer, today announced merger of Kar Mobiles Limited (KML) with Rane Engine Valve Limited (REVL) effective 1st April 2014. The board of directors of both the companies approved the merger in their respective meetings held today. The exchange ratio will be 7 shares of REVL for every 10 shares of KML. The[Read More…]

by May 21, 2014 Finance, News, Web Exclusive
Federal-Mogul completes purchase of Affinia Chassis Components business

Federal-Mogul completes purchase of Affinia Chassis Components business

Federal-Mogul Holdings Corporation on 1 May, 2014, announced it has completed its previously announced acquisition of Affinia’s chassis components business.  The Affinia business serves leading North American aftermarket customers with branded and private label chassis product lines, and complements Federal-Mogul’s industry-leading MOOG product line.  Included in the acquisition are facilities in Oklahoma City; Fort Wayne, Ind.; McHenry, Ill.; Ramsey, N.J.;[Read More…]

Bosch starts new year with strong sales growth in every business sector

Bosch starts new year with strong sales growth in every business sector

 The Bosch Group has started the new year with a good increase in sales. In the first quarter, sales grew by roughly 7%. After adjusting for exchange-rate effects, the increase was roughly 10%. For the current fiscal year, the global provider of technology and services expects its sales to grow 3 to 5%. “We continue to move forward with our[Read More…]

by April 30, 2014 Finance, Globescan, News, Web Exclusive
TVS Motor revenue grows 11% to Rs 7962 crore in FY 2013-14

TVS Motor revenue grows 11% to Rs 7962 crore in FY 2013-14

New launches and upgrades introduced by TVS Motor Company across the scooter and motorcycle segments helped the company to register increase in sales, aiding significant bottom line growth. The company today announced results for the financial year 2013-14. During the year, the company strengthened its presence in the scooter segment introducing TVS Jupiter, styled to enthuse the male customer. TVS[Read More…]

by April 29, 2014 Finance, News, OEM, Web Exclusive
International Tractors signs private label agreement with L&T Finance

International Tractors signs private label agreement with L&T Finance

International Tractors Ltd, part of the Rs 5,000 crore Sonalika Group recently announced its partnership with L&T Finance (LTF) for tractor financing. The partnership aims at providing easy credit and financing benefits to Sonalika’s customers across the country. Marked with competitive interest rates, customised repayment options and additional benefits for farmers, the association will be a boon for prospective Sonalika[Read More…]

by April 22, 2014 Finance, OEM, Web Exclusive