Apart from expanding its reach in the domestic bus market, Ashok Leyland is continuing to push for growth in overseas markets. Hoping to generate one-third of the total revenue from its overseas business, the company, according to Gopal Mahadevan, Chief Financial Officer (CFO), plans to set-up an assembly facility in Kenya with an installed capacity of 3000 units. This is[Read More…]
Tata Hitachi rolled out the 50,000th construction equipment from its Dharwad plant recently. The equipment, a hydraulic excavator, EX200LC, was delivered to Ms. DRN Infrastructure, Hubli. The infrastructure company, which deploys over 100 Tata Hitachi machines in their projects, operates in Karnataka and Maharshtra on irrigation and road constructon projects. The hydraulic excavator, to find use in the projects that[Read More…]
Greaves Cotton Limited has announced an entry into multi-brand spares business. Marking an extension of its aftermarket services, Greaves Cotton, through its 3000 outlet network in aftermarket services will cater to engines, transmissions, electrical, rubber parts, lubricants and body parts in a phased manner. Keen to tap the vast untapped potential due to the increasing vehicle population in India in[Read More…]
Automotive logistics business is of prime importance to India’s economy. Almost 95 per cent of the vehicle movement is undertaken through road transport. Logistics costs, in such a situation, are estimated to be as high as 14 per cent of the GDP. Such a scale should make it essential for the industry to address growing complexities in the area of[Read More…]
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