News

FADA elects John K Paul as President

At the Council Meeting held at Delhi on the eve of the 53rd Annual General Body Meeting, John K Paul was unanimously re-elected as the President of Federation of Automobile Dealers Associations (FADA) for the year 2017-18. John K Paul is the Managing Director of Popular Vehicles and Services Ltd, Prabal Motors Private Limited, and Director of various other Group[Read More…]

by November 25, 2017 News

Srei and Tata partner for CV finance

Srei Equipment Finance Limited and Tata Motors have signed a memorandum of understanding to finance Tata Motors commercial vehicles with a special focus on construction and mining tippers. The Preferred Financier Agreement (PFA) will allow both Srei and Tata Motors to explore enhanced growth prospects in the heavy-duty tipper truck segment in the country. Facilitating Srei to drive its ‘Asset[Read More…]

by November 25, 2017 News

Precision Camshafts acquires Memco

Precision Camshafts Ltd. has acquired Nashik-based Memco Engineering Private Limited (Memco) for an undisclosed sum. The development will help Precision Camshafts to further strengthen its presence in the auto industry. “It will also help us to diversify our product offering,” said Yatin Shah, Chairman and Managing Director, Precision Camshafts. Catering to clients like Bosch, Delphi, Endress+Hauser and Giro, Memco has[Read More…]

by November 25, 2017 News
DICV Supplier Awards 2017 - group shot

Daimler India honours its suppliers

Daimler India Commercial Vehicles (DICV) recognised supplier excellence at its recent annual supplier meet. Marking the eighth edition, the supplier meet saw the CV maker honour Brakes India as an excellent partner. Motherson Sumi Systems was honoured as the excellent performer. National Engineering Industries was honoured as excellent innovator. Jamna Auto Industries was honoured as exemplary project manager. Kirloskar Ferrous[Read More…]

by November 25, 2017 News