News

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
New testing facilities inaugurated at ICAT

New testing facilities inaugurated at ICAT

Union Minister of Heavy Industries & Public Enterprises (HIPE), Arvind Sawant, inaugurated new testing facilities at International Centre for Automotive Technology (ICAT). A technology appreciation drive was also organised to bring out the technical advantages of hybrid electric vehicles as compared to conventional fuel vehicles. During the event ICAT presented the outcome of the technical assessments carried out on various[Read More…]

by November 9, 2019 News
BorgWarner supplies P2 hybrid solutions to ChangAn

BorgWarner supplies P2 hybrid solutions to ChangAn

BorgWarner has entered into an agreement with ChangAn Automobile of China to supply its triple-clutch P2 drive module and electro-hydraulic control unit for ChangAn’s new-generation hybrid transmission. The components-major expects to achieve mass production of its P2 modules on the new model of Changan in 2020. The integrated P2 drive module and electro-hydraulic control unit is claimed to offer improved[Read More…]

by November 8, 2019 News
UFI Filters opens aftermarket production facility at Bahadurgarh

UFI Filters opens aftermarket production facility at Bahadurgarh

Filtration technology and thermal management solution provider UFI Filters recently launched its first aftermarket plant at Bahadurgarh in NCR. The new plant will be a dedicated unit for the company’s aftermarket operations serving both the local spare parts market and export requirements. The company claims that the plant will meet European Standards for processes and quality and will be ISO[Read More…]

by November 4, 2019 News
ACMA unveils Mechatronics & Design Labs at ACoE Saksham

ACMA unveils Mechatronics & Design Labs at ACoE Saksham

ACMA has unveiled a Mechatronics lab and another Design lab at its Centre of Excellence (ACoE) – Saksham, located in the IIT-Delhi campus in Sonipat. Set up with a total cost of Rs 4.5 crore, the Mechatronics lab is focused on imparting skills in the field of automation and Modular Production Systems (MPS) while the Design lab intends to enable[Read More…]

by November 1, 2019 News