Improved cargo offerings from the manufacturing and re-engagement of the truck fleet in infrastructure projects pushed trucks rentals up by 4 to 5 per cent on trunk routes in February 2016. Yet another factor was the brisk arrivals to APMCs of fruits and vegetables according to S P Singh, Senior fellow and co-ordinator, IFTRT. The rise in freight rates in[Read More…]
Nissan Motor Company is known to have issued a termination of licence notice to Nissan Ashok Leyland Technologies, one of its three joint venture companies with Ashok Leyland. Both, Nissan and Ashok Leyland, hold a 50:50 stake in the joint venture. The other joint venture, Ashok Leyland Nissan Vehicles, involves the manufacture of light commercial vehicles. Ashok Leyland has a[Read More…]
Long heavy vehicles, as part of the European Modular System may find more takers. Story by: Bhushan Mhapralkar The European Parliament and the Council of the European Union (EU) brought out a directive (EU) 2015/719 amending the Council Directive 96/53/EC laying down for certain road vehicles circulating within the community. The maximum authorised dimensions in national and international traffic and[Read More…]
GS Auto is looking at investing Rs. 150 crore in lubricant and additive business. Story by: Deepanshu Taumar and Anusha B Ludhiana-based GS Auto International plans to invest Rs. 150 to Rs. 200 crore in the next three years to diversify into the lubes and additive business. The company plans to setup its special division for lubricants and additives serving[Read More…]
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