As part of its continued growth in the country and to leverage India’s position as one of the best cost countries in its operations, Sandvik had recently announced a commitment to set-up a world-class manufacturing facility at Chakan, which is part of the Maharashtra Industrial Development Corporation (MIDC) Industrial Park near Pune. Development of the site commenced today with the[Read More…]
RBI’s firm stand on repo rates in its announcement in August 2015 has failed to damped the spirit of the Indian auto industry. While industry leaders see growth coming from passenger vehicles (cars and utility vehicles) and commercial vehicles (M&HCVs), the rate of growth is estimated to be in single digits. A slump in rural demand hitting two-wheeler growth,[Read More…]
Launched at the 2015 Geneva show, the plug-in hybrid concept van, Concept V-ision is aimed at luxury travel. It is also aimed at business travellers. Flaunting designo titanium alubeam paint and a sporty-aerodynamic styling, the van concept is based on the V-Class, and features executive seats in the rear that can recline to a lying position inclination of up to[Read More…]
The Indian Institute of Technology Madras (IIT-M) and Harita Seating Systems Ltd (HSSL) will collaborate to address the cause of road accidents by developing disruptive products. The disruptive products are expected to aptly intervene in order to avoid road accidents. As an initiation of this process, IIT-M will transfer indigenous technological knowhow to HSSL on ubiquitous monitoring of driver performance[Read More…]
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