After severing ties by exiting the joint ventures established few years ago, Ashok Leyland and Nissan are said to be renewing ties. They are claimed to be in the process of signing a new restructuring agreement, which will enable both companies to enter into a new phase of business interaction. As per the new agreement, Nissan would agree to sell[Read More…]
Tractors and Farm Equipment Ltd. (TAFE) has introduced two new set of tractors called the smart series and the premium compact utility series. Part of the Massey Ferguson brand, the smart series tractors range between 40 hp and 60 hp, and are available in two- and four-wheel drive configurations. They are designed with international styling according to Mallika Srinivasan, Chairman[Read More…]
Tata Motors showcased over 40 different products, from haulage to construction related technologies and services, at the Chandigarh ‘Truck World’ recently. The highlight of the expo were the Prima range of trucks and tippers, and the Signa range of Medium and Heavy duty Commercial Vehicles (M&HCVs), which are expected to be commercially available soon in Haryana, Himachal Pradesh and Punjab.[Read More…]
CIE Automotives Indian arm, Mahindra CIE Automotive Limited (MCIE), formerly known as Mahindra Forging Limited, will acquire Bill Forge Private Limited (BFPL). MCIE board of directors resolved to acquire 100 per cent of equity shares for Rs. 13,312 million. Furthermore, MCIE Board resolved to issue 54.49 million shares to CIE Automotive SA (CIE) and BFPL shareholders, including the Haridass Family and[Read More…]
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