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Himachal Road Transport has 100 Volvo buses

Himachal Road Transport has 100 Volvo buses

Himachal Road Transport Corporation’s AC bus fleet has come to have 100 Volvo buses. The corporation’s fleet size has swelled from 1,600 buses to 3,100 buses in the past years according to the state transport minister G S Bali. Flagging off the Palampur-Chandigarh and Palampur-Delhi Volvo bus services recently, Bali said that Himachal Pradesh would soon become the first state[Read More…]

by February 8, 2017 News

Safety workshop by SIAM

SIAM organized a safety workshop for three-wheeler, cab and commercial vehicle drivers recently. As part of the ‘Road Safety Week’, the workshop conducted safe driving training for three-wheeler, cab and commercial vehicle drivers. The training was held at Institute of Driving Training and Research (IDTR), Sarai Kale Khan, Delhi, and at the Driving Training Institute (DTI) at Burari, Delhi. The[Read More…]

by February 8, 2017 News

MSD Telematics announces acquisition of Heuristics Info Systems

Gurgaon-based MSD Telematics Private Limited has acquired Heuristics Info Systems in an all cash deal. Sparrow Business Solutions LLP, a boutique corporate finance firm acted as an exclusive advisor to both the firms on the transaction. TRA Law acted as the legal advisor. Expected to fuel MSD’ ability to deliver greater value to its customers by enabling the company to[Read More…]

by February 8, 2017 News
AMW autocomp business up for sale?

AMW autocomp business up for sale?

Eight lenders who jointly took control of debt-laden AMW Auto Component Ltd—a unit of truck maker AMW Motors Ltd—in June 2016, have put it up for sale claim industry sources. Sources claim that AMW Auto Component had debt of Rs.724 crore as of March 31, 2016. They cite data from the company’s filings with the registrar of companies (RoC). In[Read More…]

by February 8, 2017 News