A CNG powered version of Mahindra Jeeto has been launched, a year and a half after the diesel-powered Jeeto was launched in June 2015. Instrumental in helping Mahindra carve out a 20 per cent market share in SCVs according to an industry source, the Jeeto is offered in eight versions to suit the exacting needs of its operators. Engineered to[Read More…]
With Sri Lankan finance minister Ravi Karunanayake announcing in his 2017 budget speech, that his government will encourage use of electric cars over three-wheelers by reducing excise duty and giving an interest rate subsidy on loans, the export of autorickshaws from India is likely to decline. Claim industry sources that Karunanayake, in his speech, has mentioned the levying of carbon[Read More…]
Ashok Leyland Ltd. has announced the completion of acquisition formalities of Nissan Motor Co. Ltd.’s stake in each of the three joint ventures (JVs) formed between the two companies, namely Ashok Leyland Nissan-Vehicles Limited, Nissan-Ashok Leyland Powertrain Limited and Nissan-Ashok Leyland Technologies Limited. In September 2016, Ashok Leyland and Nissan reached an arrangement under which Nissan would transfer its ownership[Read More…]
Tata Hitachi, a 40:60 joint venture between Tata Motors and Hitachi Construction Machinery Company, showcased its product line-up encompassing a wide range of excavators from 2-tonne to 800-tonne, 35-tonne to 290-tonne rigid dump trucks, wheel loaders, backhoe loaders and motor graders at the IMME fair, Kolkata. Leveraging technology to build strong products and stronger relationships, the company inroduced shovel variant[Read More…]
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