Apollo Tyres, JK Tyre and Ceat Tyres have emerged as top bidders for Falcon Tyres. Creditors are trying to recover their money in the now-defunct company, and could be the first big case to be decided under the country’s new Bankruptcy Code. Edelweiss Asset Reconstruction Company (ARC), after buying most of the debt of the company, filed an application at[Read More…]

In March 2017, CV maker Ashok Leyland and M&M (FES) reported better than expected numbers. The CV business of Tata Motors posted a muted performance. The overall CV picture, according to a report from Emkay Research, did not see a strong pre-buying impact in the fourth quarter of FY2016-17. CV sales increased marginally Year-on-Year (YoY). CVs, the report mentioned, saw[Read More…]

SmartShift, a Mahindra Group venture, organised SmartSeva Vaahan campaign with an objective to meet transporters, and provide them solutions. Held over 10 days, the campaign covered all the transport clusters in Mumbai, creating in part an awareness about SmartShift app. SmartShift is an on-demand logistics provider that specialises in the provision of small commercial vehicles for intra-city and last-mile requirements.[Read More…]