Eight lenders who jointly took control of debt-laden AMW Auto Component Ltd—a unit of truck maker AMW Motors Ltd—in June 2016, have put it up for sale claim industry sources. Sources claim that AMW Auto Component had debt of Rs.724 crore as of March 31, 2016. They cite data from the company’s filings with the registrar of companies (RoC). In[Read More…]
Motherson Sumi has acquired Finland-based PKC group for Euro 571 million in its bid to drive inorganic growth. Having the potential to add value to the company’s bottomline in the medium-term, courtesy the incremental product portfolio, scalability of business and a successful track record of turning around its acquisitions, Motherson Sumi’s acquisition of PKC Group aligns well with its specialisation[Read More…]
Karnataka State Road Transport Corporation (KSRTC), over the next six months, has decided to equip 2500 of its buses with debit and credit card readers. KSRTC has a fleet of 8,100 buses, which caters to an estimated 2.5 million passengers daily. Of these, only 20 per cent passengers book online. According to Rajender Kumar Kataria, managing director of KSRTC, with[Read More…]
Terex Corporation has completed the sale of its Material Handling and Port Solutions Business (MHPS) to Konecranes Plc for USD 595 million, with Euro 200 million in cash. Addtionally 19.6 million newly issued class B shares represent a 25 per cent interest in Konecranes. According to John L. Garrison, President and CEO of Terex, the Konecranes-MHPS combination would be a[Read More…]
Busworld Europa 2023 Shaping Sustainable Mobility 
Cummins Takes Net Zero-Emissions Seriously 
World EV Day 
Massey Ferguson 6S And 7S Series 
Experience the intersection of comfort, innovation, and sustainability at Busworld Southeast Asia 2024 
Vedanta Aluminium unveils #TheFutureOfMetAL campaign on the occasion of Women’s Day Busworld Europa 2023 Shaping Sustainable Mobility 
Busworld Southeast Asia is getting ready for its second edition
Prawaas 3.0: A Preview 
Refurbishing Industry Is Bouncing Back 
Decarbonisation and Digitalisation 
Intact Goals 
Valeo Facings Reach New Markets 
Opportunity In Adversity 
