Kion India’s forklift truck brand, Voltas, will be termed as Voltas OM hereafter. Italy-based Kion Group acquired Voltas material handling business from Voltas Limited in 2011. OM, or Officine Meccaniche, is an Italian brand of the Italy-based Kion Group. The move to rebrand Voltas products as Voltas OM is expected to strengthen the company’s market position by leveraging Kion’s global[Read More…]
Aided by higher budgetary allocation towards infrastructure and rural sectors, and the potential implementation of scrappage program, the CV industry, claim industry sources, will witness six to eight per cent growth in FY2017-18. Sources stress on a rise in replacement demand due to the two developments mentioned above. As of current, CV OEMs are estimated to have an inventory of[Read More…]
Cab aggregators and buses carrying more than 10 people have escaped cess under GST, claim industry sources. They cite the four bills for the proposed GST regime, which were recently introduced in the lower house of the parliament by finance minister Arun Jaitley. Introduced as money bills, which do not require the nod of the upper house of the parliament,[Read More…]
The Ashok Leyland Janbus has played a cameo role in a Hindi movie, ‘Badrinath ki Duhania’, that was released in March 2017. A romantic comedy film, which was promoted as yet another in a series of such movies after ‘Humpty Sharma ki Dulhania’, which was released in 2014, the scene that features the Janbus is when the hero Badrinath (played[Read More…]
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