Apollo Tyres has acquired German tyre distribution firm Reifencom GmbH for Euro 45.6 million. Reifencom deals in tyres for cars, motorcycles, off-roaders, SUVs and vans. The deal is expected to take the Indian tyre major closer to customers in Europe with the online market presently contributing to one-third of the total European tyre retail space. Enabling Apollo Tyres to improve[Read More…]
Tata Motors has appointed Ashok Auto Sales as its commercial vehicle dealer at Firozabad. A 3S (Sales, Service & Spares) facility at Firozabad, the dealership is one of the five facilities operated by Ashok Auto Sales. The flagship dealership being the one at Agra, and the other three, at Aligarh, Mathura and Etawah. Located strategically, and reaching out to the[Read More…]
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…]
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Intact Goals 
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