Hyderabad based small commercial vehicle aggregator, TruckSumo, has suspended its services and has stopped taking orders from June 01, 2016, according to sources tracking the development closely. Claims are that the company had been finding it difficult to run operations for some time. Co-founder Nithin Baalay is however known to have denied the rumors. According to him the company is[Read More…]
Volvo Eicher Commercial vehicles has introduced the Pro 6037 with an innovative mileage booster system and advanced telematics. Unveiled at the Auto Expo 2016 fair held at Delhi in February 2016, the Pro 6037, a 10×4 rigid truck, is capable of a payload carrying capacity of 37-tonnes. Powering the truck is a VEDX5, 5-litre, four-cylinder common-rail diesel engine capable of[Read More…]
Registering a 39 per cent increase in turnover at Rs.18,882 crore as against Rs.13,562 crore turnover the year before, Ashok Leyland has hinted at some very interesting products it is looking to introduce later this year. Expecting the positive growth momentum to continue, the company is looking at 15 per cent growth in FY2016-17 according to Vinod K. Dasari, MD,[Read More…]
Lohia Auto Industries has inked an Memorandum of Understanding (MoU) with IndusInd bank for financing of its diesel three-wheelers. IndusInd bank will provide hassle-free loan facility at competitive interest rates to its customers. The loan facility will be available in almost every part of the country including Madhya Pradesh, Haryana, Bihar, Jharkand, Chattisgarh, Gujarat, Rajasthan, Odissa, and Andhra Pradesh.
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