The Executive Committee of the Society of Indian Automobile Manufacturers (SIAM), the apex body of the Indian automotive industry, today elected Vinod Aggarwal, MD & CEO, Volvo Eicher Commercial Vehicles Ltd (VECV) as its new President for 2022-23. Vinod Aggarwal, who was the Vice President of SIAM succeeds Kenichi Ayukawa, Executive Vice Chairman & Whole Time Director, Maruti Suzuki India[Read More…]
Story & Photos: Bhargav TS Scania Commercial Vehicles India Pvt. Ltd., with over 127 years of global history in mobility solutions, has launched its Next Truck Generation (NTG), to drive the shift towards sustainable transport solutions in the mining industry. With its unique modular system, NTG will deliver productivity-enhancing services as well as customised transport solutions. Petr Novotny, Managing Director,[Read More…]
Text: J Srikant JBM group, one of the leading Tier-1 component suppliers to both Indian and global manufacturers, is readying itself to meet the demand from the Commercial Vehicle (CV) market when it wakes up from hibernation; hints of this have already started appearing in the marketplace.For the first time in two years, sales in the heavy commercial vehicle[Read More…]
Ashok Leyland Ltd, flagship of the Hinduja Group, has raised Rs 667 crores via a Qualified Institutions Placement (QIP). The capital raising comes on the back of a strong operating margin performance in Q4 – reflecting cost reduction and margin improvement measures, as well as the expectation of a turnaround in the domestic CV market. The QIP, launched on 26th[Read More…]
By J Srikant Continental, the fourth largest tyre manufacturer globally, today entered the fast growing radial tyre segment for the commercial vehicle in India by launching 4 tyres. It also announced that it would start distribution of radials for passenger car by the end of year 2014. “It was a strategic move in 2011 to come to India, and we[Read More…]
