With CV major Ashok Leyland announcing a 28 per cent jump in profits to Rs.1563 crores in FY2017-18, the backdrop of higher spending on infrastructure and demand in the replacement market is expected to provide the CV industry with a big boost in FY2018-19, claim industry sources. They mention that the industry will clock a growth of much higher than[Read More…]
Following in the steps of Indian Oil Corporation (IOC), Hindustan Petroleum Corp Ltd (HPCL) has also started home-delivery of diesel. Announcing the start of the service at Pune, the company has termed it as ‘HP Fuel Connect’. Involving the diesel deliver to select customers having fixed equipment, and heavy machinery in their premises in the region surrounding Uran, and in[Read More…]
A new cab aggregator has begun service in Mumbai. Promoted by Bharat Freight Group, the new cab aggregator, Sahyadri Smart Safe Private Ltd (S3 Cabs), is offering cab-hailing service across categories in ‘mini’, ‘sedan’, ‘SUV’, ‘package’ and ‘outstation’. With no ride sharing services as part of the portfolio, the company will charge a base fare of Rs.16, Rs.18 and Rs.20[Read More…]
India Ratings and Research (Ind-Ra) early delinquency index for CV loans measured by weighted average (WA) of over 30 days past due rose to 7.89 per cent in February 2018 in comparison to 6.87 per cent in February 2017. According to Ind-Ra sources, this was triggered by demonetisation, implementation of GST, migration to BSIV and tightening of overloading norms. Affecting[Read More…]
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