Press Release The first tranche of the economic package to counter the coronavirus pandemic, announced by the Finance Minister of India, reaffirms the country’s commitment to macro- economic stability, prudent fiscal management and uplifting indigenous manufacturing. The growth tonic for MSMEs such as a collateral-free automatic loan for up to Rs.3 lakh crores, covering borrowers with up to Rs.25 crores[Read More…]
Based on the recommendations made by the Nomination & Remuneration Committee, the NRB Bearings Board recently appointed Ravi Teltia as the Chief Financial Officer effective April 06, 2020. This decision is said to have been made keeping in mind Teltia’s 17 years of professional experience across roles spanning Finance Business Partnering, Controllership, FP&A and Commercial across industrial sectors. Specialised in[Read More…]
Enabling customers to buy a car from the comfort of their homes, Tata Motors launched the ‘Click to Drive’ platform. Said to offer an end-to-end online sales experience, the new platform has been integrated with all Tata Motors dealers across 750 outlets. The OEM aims to add home delivery in the near term. The platform uses an innovative video brochure[Read More…]
Claimed to be India’s first automobile end-to-end online platform for car purchase, Hyundai ‘Click to Buy’ is an attempt to drive sales online amidst the imposed lockdown. Offering a simple and transparent process for the purchase of Hyundai cars, the platform provides a seamless, convenient and safe retail experience for customers. Post launching a pilot phase of this platform with[Read More…]
To offer customers a global tyre buying experience, Yokohama India has upped the ante with a new Yokohama Club Network (YCN) store. The company has partnered with Mangalore-based tyre dealer Good Wheel in Karnataka for the network expansion. Specialised in after-sales, in tyre changing, wheel alignment, wheel balancing and tyre rotation to name a few, the store is known to[Read More…]
The first edition of the Machine Tools Manufacturing and Technology Expo 2020 was held in Mumbai. It had enterprises from different manufacturing belts of the country stake their claim with a show of excellence. Story by: Deven Lad The first edition of the Machine Tools Manufacturing and Technology (MMT) Expo 2020 was held from March 11-14, at the Bombay Exhibition[Read More…]
The Covid-19 pandemic has thrown in a new set of challenges for the ‘Make in India’ national program. On the brighter side, it has also given birth to a whole new set of opportunities. Story by: Ashish Bhatia Under the ‘Make in India’ national program, the Government of India aspires to facilitate investment, foster innovation, enhance skill development and build[Read More…]
Marelli (India) Private Limited has strategically partnered with Transphorm Inc to boost its EV technology base. Story by: Team ACI In a strategic move, Marelli (India) Private Limited has partnered with US-based Transphorm Inc. Through the move looked at as a big boost to the company’s technological base for electric vehicles, Marelli aims to acquire valuable access and insights. With[Read More…]
The alarming spread of Covid-19 has had the automotive industry respond with extraordinary measures like mass-producing indigenously built life-support systems and PPE. Story by: Ashish Bhatia Ventilators are believed to give patients a 50-50 shot at survival, based on the early reports and claims coming in from across China, Italy and the United States. The probability of a 50 per[Read More…]
Mumbai-based Sixth Sensor Technology is banking on an indigenously built collision avoidance or precrash system – ‘6th Sense’ to prevent and reduce the severity of road accidents. Story by: Deepti Thore India ranks first with the highest number of road accidents registered in the world. An estimated 16 people die every hour. Here 80 per cent of the accidents are[Read More…]
