VE Commercial vehicles Ltd. (A Volvo Group and Eicher Motors joint venture) has sold 3711 units in August 2015 (YTD 30557) as compared to 3087 units in August 2014 (LYTD 27965) recording a growth of 20.2%(YTD Growth of 9.3%). This includes 3611 units of Eicher brand and 100 units of Volvo brand. The following are the key highlights for August[Read More…]
Mahindra Truck and Bus Division (MTBD), a part of the USD 16.9 billion Mahindra Group, today announced the roll out of its 15,000th heavy commercial vehicle (HCV) from the state-of-the-art plant in Chakan, Maharashtra. In addition, the company also reached a sales milestone of 125,000 light commercial vehicles (LCVs) on Indian roads. As part of its plan to put the[Read More…]
Tata Motors today announced the launch of a new smart pick-up – Tata ACE Mega. The ACE Mega, with superior performance, enhanced looks, strong cabin with rated payload of 1Tonne, will offer the best-in-class fuel efficiency and lowest cost of ownership. It is an innovative cargo transport solution in the Small Commercial Vehicle (SCV) segment. The Tata ACE Mega[Read More…]
Through its subsidiary, SP Jammu Udhampur Highway Limited, a division of SP Infra, Shapoorji Pallonji Group, successfully placed and priced non-convertible debentures of Rs. 2,610 crores. By doing so, outstanding foreign currency and rupee borrowings were retired. Marking many firsts according to S. Mukundan, Managing Director, Shapoorji Pallonji Infrastructure Capital Co Pvt. Limited, the Group has achieved yet another landmark[Read More…]
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