The Indian EV industry wore a scar despite vying for a ‘Made in India’ status. The imports of lithium-ion battery packs until local produce pick up pace proved a sore point for the industry. It continues to dictate EV prices despite the fall of battery costs at a 10 per cent CAGR estimated by Bloomberg between 2018-24. Despite the subsidies[Read More…]
CASE Construction Equipment, a brand of CNH Industrial has appointed Shalabh Chaturvedi as Managing Director for India and the SAARC (South Asian Association for Regional Cooperation) region with effect from June 01, 2023. Chaturvedi has been with CNH Industrial for over a decade, having held a variety of leadership positions across the commercial, industrial and R&D functions within the Construction[Read More…]
Hinduja Group-owned Ashok Leyland, a leading commercial vehicle manufacturer, signed a Memorandum of Understanding (MoU), with IDBI Bank Ltd. to enter into a strategic channel financing partnership for its dealers. The company eyes to offer customized financial solutions to the customers with the help of this partnership. Commenting on the partnership, Gopal Mahadevan, Chief Finance Officer, Ashok Leyland, said, “With[Read More…]
French contract logistics provider, FM Logistic, inaugurated its first Control Tower (CT) facility in Pune yesterday. The Control Tower is part of FM’s strategy to enhance its 4PL and LLP offering. Jean-Christophe Machet, CEO of FM Logistic, Stéphane Descarpentries, Managing Director, of Asia and Strategic Projects, Alexandre Amine Soufiani, Managing Director, FM Logistic Singapore and Ajit Jangle, Managing Director, FM[Read More…]
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