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…]
The Indian automobile industry is organising a motor show in Bangladesh in February 2017, claim industry sources. The Society of Indian Automobile Manufacturers (SIAM) will partner with its counterpart in Bangladesh for the first time. Set to be the first Indian auto industry exhibition in Bangladesh, the fair, christened as ‘Dhaka Automotive Show’, is expected to attract the participation of[Read More…]
Ashok Leyland has always been looked upon as a manufacturer of heavy duty trucks and buses. This is set to change as the Hinduja Group flagship has started drawing plans to increase thrust in the LCV space post the end of Nissan association. The company, claim sources, is looking at introducing eight-to 10 products over the next two to three[Read More…]
New Swan Autocomp Pvt. Ltd., a manufacturer of fine blank, sheet metal parts and sub-assemblies, participated in Automechanika (Frankfurt) 2016. It displayed a variety of trailer parts. The Ludhiana-based company has steadily grown since its inception in 1985. Catering to OEMs and tier suppliers like ZF, Tata Motors, Eaton, Maruti Suzuki, JCB, Ashok Leyland and Faurecia, the company has been[Read More…]
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