Specialising in the manufacture of drivetrain systems for off-highway equipment and machines, Oerlikon Graziano India is targetting a rise in revenue to Rs.1500 by 2019. With a good chunk of what it produces exported, the company is eyeing 20 per cent growth in FY2016-17. In the last fiscal, Oerlikon Graziano posted a 23 per cent rise in third-party sales, which[Read More…]
Union road and transport minister, Nitin Gadkari, announced a fund of Rs.60,000 crore to boost road network in Marathwada. The funds, the minister is known to have said, will be given over a period of five years. A detailed project report, claim industry sources, is being prepared by the authorities concerned. Gadkari also drew attention to work already in progress.[Read More…]
Ashok Leyland has announced that it plans to consolidate its presence in the state of Jharkhand on the back of substantial growth over the past one year. The commercial vehicle major, claim industry sources, has witnessed a 50 per cent jump in sales in the last one year. From around seven per cent to 16 per cent initially. Anuj Kathuria,[Read More…]
Announcing that there will be multiple headwinds in the near term for heavy truck sector, analysts at Kotak Institutional Equities, in their report on ‘Automobiles’, have claimed that the domestic truck industry is likely to grow in low single digit during FY2018-20. They attribute this to low road freight demand, improvement in truck fleet utilisation led by market share gains[Read More…]
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