Tweet Tata Motors is applying CV export thrust to compensate for its declining domestic market share, claim industry sources. In the year ended March 2016, the company exported 50,000 CVs, they add. Looking to double exports in the next two years, Tata Motors, will employ a two-pronged strategy of consolidating presence in markets like Vietnam, which it entered three years[Read More…]
Tweet The board of directors of Ashok Leyland unanimously approved the proposal to amalgamate Hinduja Foundries (HF) with their company. Both are Hinduja Group companies, and HF is into the business of grey iron castings and automotive components. The amalgamation is subject to various regulatory approvals and approval of shareholders of both the companies. A date of 01 October, 2016[Read More…]
Tweet India imports much of the fossil fuels that are consumed. Key nodal agencies are known to have recommended that methanol be given preference to achieve energy independence. Transport minister Nitin Gadkari is known to have expressed that petroleum imports must be eliminated. He is known to have expressed further that against India’s annual spend of Rs. 4.5 lakh crore[Read More…]
Tweet To ensure safety and to avoid blockages, Maharashtra Government has restricted the movement of heavy vehicle for five hours on weekends, claim industry sources. Extended to Mondays and public holidays when the density of traffic is high, it is the ghat section of the expressway where most blockages are known to happen. The decision, said to have been taken[Read More…]
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