Transporters under the aegis of All India Confederation of Goods Vehicle Owners’ Associations (ACOGOA) gave a strike call for April 01, 2017, in protest of the steep hike in insurance premium, proposed exorbitant hike in penalties in the Motor Vehicle Act, and hike in RTO fees putting a fourfold burden on truck owners. Claiming that the transporter bodies AIMTC and[Read More…]

Apollo Tyres, JK Tyre and Ceat Tyres have emerged as top bidders for Falcon Tyres. Creditors are trying to recover their money in the now-defunct company, and could be the first big case to be decided under the country’s new Bankruptcy Code. Edelweiss Asset Reconstruction Company (ARC), after buying most of the debt of the company, filed an application at[Read More…]

In March 2017, CV maker Ashok Leyland and M&M (FES) reported better than expected numbers. The CV business of Tata Motors posted a muted performance. The overall CV picture, according to a report from Emkay Research, did not see a strong pre-buying impact in the fourth quarter of FY2016-17. CV sales increased marginally Year-on-Year (YoY). CVs, the report mentioned, saw[Read More…]