Low fuel prices may have improved fleet operator cash flows and collection efficiency of CV financiers, it is yet to help some of the CV segments to recover. The LCV segment continues to drag even though further deterioration in asset quality indicators is unlikely. LCV segment’s prospects continue to be influenced by overcapacity issues and constrained financing environment amidst rising[Read More…]
Ashok Leyland has announced that it will appoint former Nissan boss, Andrew C Palmer as an additional director under the Independent category. The move, subject to approval of shareholders at a general meeting, is expected to help the Hinduja Group flagship company to look at new opportunities on the domestic as well as the export front. Currently, the CEO of[Read More…]
The Swaraj division, Mahindra’s tractor brand in India, has earned itself an international acclaim for its quality circle initiatives, at the International Convention for quality control circles in South Korea. The quality circle teams of Mahindra’s Swaraj Division and Swaraj Engines Limited (SEL) bagged four awards including one gold, two silver and a bronze. From among a total of 257[Read More…]
Volvo is all geared up to introduce its hybrid technology in India through its range of buses. The first Volvo hybrid city bus pilot will take off in Navi Mumbai as part of the Navi Mumbai Municipal Transport (NMMT) fleet, a major transportation service in Navi Mumbai and the surrounding areas. It was recently that the Indian government launched FAME[Read More…]
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