Motherson Sumi has acquired Finland-based PKC group for Euro 571 million in its bid to drive inorganic growth. Having the potential to add value to the company’s bottomline in the medium-term, courtesy the incremental product portfolio, scalability of business and a successful track record of turning around its acquisitions, Motherson Sumi’s acquisition of PKC Group aligns well with its specialisation[Read More…]
Karnataka State Road Transport Corporation (KSRTC), over the next six months, has decided to equip 2500 of its buses with debit and credit card readers. KSRTC has a fleet of 8,100 buses, which caters to an estimated 2.5 million passengers daily. Of these, only 20 per cent passengers book online. According to Rajender Kumar Kataria, managing director of KSRTC, with[Read More…]
Terex Corporation has completed the sale of its Material Handling and Port Solutions Business (MHPS) to Konecranes Plc for USD 595 million, with Euro 200 million in cash. Addtionally 19.6 million newly issued class B shares represent a 25 per cent interest in Konecranes. According to John L. Garrison, President and CEO of Terex, the Konecranes-MHPS combination would be a[Read More…]
As a part of a pilot project, Telangana State Road Transport Corporation (TSRTC) buses will be fitted with tracking systems that are linked to the display boards at bus stops. This will help to provide information to passengers about where the bus is, and how long it will take for it to reach the particular stop. Transport minister P Mahendar[Read More…]
Pace Setter ZF Drives Forward Change with Innovative and Flexibile Implementation 
SIAM Deliberates on Policy Reforms for Automotive Taxation 
SIAM Highlights India’s Biofuel Push at 2025 Conference 
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Decarbonisation and Digitalisation 
