Ashok Leyland has recorded sales revenues of Rs 13,562 crore as against Rs 9,943 crore in the previous financial year. EBITDA stood at Rs.1,027 crore during FY 2014-15, against Rs.117 crore in the previous fiscal. Profit Before Tax (PBT) and exceptional items stood at Rs.341.26 crore during FY 2014-15, against a loss of Rs.596.88 Crores in the previous fiscal. Net[Read More…]
With the enforcement of Bus Body Code from April 1, 2015, Volvo Buses India has announced that its buses are compliant and ready. A release put out by Volvo Buses has claimed not only are its buses fully compliant, they are being offered with ABS as standard. The Bus Body Code claimed Volvo sources, include active safety, passive safety and[Read More…]
Cholamandalam Investment and Finance Company Ltd. (Chola) has entered a strategic tie up with Escorts Ltd. for retail finance of their Construction Equipment products. Chola is a leading NBFC in the Vehicle Finance business and provides loans for the purchase of commercial vehicles across 530 cities and towns across India. We see many of our customers’ also purchasing construction equipment[Read More…]
Stanadyne, a global leader in the design and manufacture of diesel and gasoline fuel systems, announced today that it aims to introduce its latest technology in next-generation diesel fuel injection equipment to India in time for the introduction of low-sulfur fuel. The company aims to strengthen its market presence in India and will produce these next-generation diesel fuel injection systems[Read More…]
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