Ashok Leyland, flagship of the Hinduja Group closed FY 17 with record revenues of Rs 21,332 Cr and registered a 214 % jump in Net Profits. It posted a 11% EBITDA margin for FY 2016-17, this is the 9th straight quarter of double digit EBITDA performance for the company. It also increased its all India market share to 33.8%, a[Read More…]
Sundram Fasteners Limited (SFL), part of the $6.5 bn TVS group, announced that the company has achieved its best ever sales performance during the year ended 31st March, 2017. Accordingly, the total revenue (net of excise duty) for the year stood at Rs 2,948.85 crore as against Rs 2,635.56 crore. PBIDT for the whole year is at Rs 560.43 crore[Read More…]
BMW Motorrad has officially started its operations as a part of the Indian subsidiary of BMW Group. Earlier, BMW Motorrad was operating in India with importers who had sales outlets in Mumbai and New Delhi. Dimitris Raptis, Head of Region Asia, China, Pacific, South Africa, BMW Motorrad said, “BMW Motorrad is one of the world’s most tradition-steeped and successful[Read More…]
Tata Motors has launched its much-awaited HEXA – a power packed, feature loaded and adrenaline pumped vehicle, designed for those with an active and dynamic lifestyle. Based on a new versatile platform – the HEXA is a complete vehicle package, with an exceptional combination of design, luxury, off-road and on-road capabilities, boasting modern and exciting architecture, plush interiors and next-generation[Read More…]
To create awareness amongst motorists and promote road safety during monsoon, Chevrolet India today launched the Drive with Care initiative. As a part of this campaign, Chevrolet will release a video showing the innovative road signs using hydrophobic paint (that can only be seen when wet) at work on YouTube, Facebook and other media channels to help make road safety[Read More…]
Ashok Leyland, the largest suppliers of logistics vehicles to the Indian Army, has showcased four innovative capabilities at the Defexpo 2016 India. displayed an advanced Truck Driving Simulator for the all-terrain Stallion 4×4 truck. Its other products on display include a Field Artillery Tractor (FAT) 6×6, a contemporary logistics vehicle – Rhino and an Ambulance 4×4. Speaking on the occasion,[Read More…]
Tamil Nadu’s first Global Investors Meet (TN GIM 2015) was officially inaugurated by Chief Minister J Jayalalithaa today. The CM also inaugurated 3 major industrial projects with a total investment of Rs 2,568 crore – the new two-wheeler unit of India Yamaha Motor (IYM) in Kancheepuram district with a capacity of producing 1.8 million two-wheelers per annum and its 9[Read More…]
Volvo launched its S60 T6 petrol variant today in India at Rs 42 lakh (ex-showroom, Delhi). Volvo S60 succeeds the launch of XC90, V40 Cross Country Petrol, V40 with an equilibrium of dynamism, style and comfort. The new S60 will compete with BMW 3-series and the Mercedes C-class. The new Volvo S60 T6 houses a 2-litre four-cylinder direct injected turbo[Read More…]
Southern Spices As a surprise move, the Reserve Bank of India has cut the key policy rate by 25 basis points for the third time this year because of falling inflation and slow economic growth. But the apex bank kept the Cash Reserve Ratio (CRR) unchanged at 4%. With the repo rate reduced, EMIs are likely to come down much[Read More…]
Text : Bhargav TS The compact hatchback segment in India is so far dominated by Maruti Suzuki and Hyundai, who enjoyed the sweet spot with their flagship models Alto and Santro. Now, the French automaker Renault is ready to compete with the established players by offering its latest compact hatchback Kwid, which was globally unveiled in Chennai recently. The new[Read More…]
