Articles by: Ashish Bhatia

ZF takes over industrial gears and wind turbine gearbox business from Bosch Rexroth

ZF takes over industrial gears and wind turbine gearbox business from Bosch Rexroth

ZF Friedrichshafen AG will take over the large gearbox business of Bosch Rexroth AG with more than 1,200 employees. For ZF, the acquisition is an entry into the business with industrial gears that are used in oil rigs, mine vehicles, tunnel drilling machines, or cableways, for instance. In addition, the technology company is strengthening its wind turbine gearbox business. The[Read More…]

by May 14, 2015 News

Ashok Leyland profits rise in FY15

Ashok Leyland has recorded sales revenues of Rs 13,562 crore as against Rs 9,943 crore in the previous financial year. EBITDA stood at Rs.1,027 crore during FY 2014-15, against Rs.117 crore in the previous fiscal. Profit Before Tax (PBT) and exceptional items stood at Rs.341.26 crore during FY 2014-15, against a loss of Rs.596.88 Crores in the previous fiscal. Net[Read More…]

by May 13, 2015 News

Volvo buses are Bus Body Code compliant

With the enforcement of Bus Body Code from April 1, 2015, Volvo Buses India has announced that its buses are compliant and ready. A release put out by Volvo Buses has claimed not only are its buses fully compliant, they are being offered with ABS as standard. The Bus Body Code claimed Volvo sources, include active safety, passive safety and[Read More…]

by May 13, 2015 News

Cholamandalam partners with Escorts Ltd. for loans on construction equipment

Cholamandalam Investment and Finance Company Ltd. (Chola) has entered a strategic tie up with Escorts Ltd. for retail finance of their Construction Equipment products. Chola is a leading NBFC in the Vehicle Finance business and provides loans for the purchase of commercial vehicles across 530 cities and towns across India. We see many of our customers’ also purchasing construction equipment[Read More…]

by May 13, 2015 News