Tweet CIE Automotives Indian arm, Mahindra CIE Automotive Limited (MCIE), formerly known as Mahindra Forging Limited, will acquire Bill Forge Private Limited (BFPL). MCIE board of directors resolved to acquire 100 per cent of equity shares for Rs. 13,312 million. Furthermore, MCIE Board resolved to issue 54.49 million shares to CIE Automotive SA (CIE) and BFPL shareholders, including the Haridass Family[Read More…]
Tweet Isuzu Motors India Private Limited (IMI) and Isuzu Engineering Business Centre India Private Limited (IEBCI) have announced key management changes and appointments. Hiroshi Nakagawa has taken over as the chairman of IMI and director of IEBCI with immediate effect. Hiroyasu Miura, the erstwhile chairman of IMI will take over as the chairman and managing director of IEBCI with immediate[Read More…]
Tweet Sonalika International Tractors Ltd., aiming to grow its exports by over 20 per cent in the current fiscal, is exploring 10 new export destinations including USA, Japan and Korea with its products like the 120 bhp tractor. The first set of tractors, according to Gaurav Saxena,Tractors President-International Operations, have already been shipped to USA. They would be made commercially[Read More…]
Tweet Road construction and irrigation activities are claimed to be driving growth in the earthmoving and constrction equipment sector. Sales grew by 49.41 per cent between January and July, claim industry sources. They add that sales grew at the fastest pace in the last five years, including three years of consecutive decline between 2012 and 2014. Sales rose to 26,106[Read More…]
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