Joerg Mommertz has been appointed the Chairman and Managing Director (CMD) of MAN Trucks India effective October 01, 2016. Beginning his career at MAN in 1991 as a service manager, Mommertz has 36 years of diversified management experience across several management positions in Belgium, Scandinavia, Poland and Denmark. In his last position, he was the managing director of MAN Trucks[Read More…]
Shriram Automall India Limited (SAMIL), has been recognised by Express Logistics Supply Chain Conclave (ELSC) 2016. The recognition comes in the form of an award under the two categories of ‘Excellence in Customer Experience’ and ‘Fleet Enabler of the Year’. The award was conferred upon ELSC at an event in Mumbai. Jasmit Singh Gujral, Managing Director and Chief Executive Officer[Read More…]
Anticipating a strong uptake in domestic sales, Volvo Eicher Commercial Vehicles (VECV), is said to be gearing up to launch three new Pro series models. These, claim industry sources, will be variants of existing Pro models. The company, expecting to grow faster than the industry average, claim industry sources, is also said to be working on an expansion plan. With[Read More…]
Sonalika International Tractors Ltd (ITL) is planning to file draft documents for an initial share sale with the regulator, claim industry sources. Private equity firm Blackstone is expected to partially sell its investment in ITL. A sum of Rs. 2000 crore is expected to be had from this. The IPO, sources claim, is a pure offer for sale and no[Read More…]
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