Lumax Industries Limited, a leading Tier-1 manufacturer of automotive lighting systems and components, announces a significant leadership transition. Mr. Vishnu Johri, the outgoing CEO, is stepping down for personal reasons, effective June 30, 2024. We extend our gratitude to Mr. Johri for his exceptional leadership and wish him success in his future endeavors. Taking over the reins as CEO will[Read More…]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has granted relief to Toyota Kirloskar Motor on transfer pricing adjustment relating to royalty payments made to Toyota Motor Corporation, Japan, and Toyota Motor Asia Pacific, Singapore. However, in a verdict last month, the appellate body dis- missed Toyota Kirloskar’s appeal against the payment of dividend distribution tax (DDT) using the[Read More…]
Jupiter Electric Mobility Jupiter Electric Mobility (JEM) the subsidiary of Jupiter Wagons Ltd. unveiled two electric CVs aimed at last-mile mobility. The 2.2-tonne GVW Small Commercial Vehicle (SCV) JEM TEZ and the seven-tonne STAR CC. The TEZ is claimed to run 180 km on a single charge with the STAR CC offering 250 km. JEM is banking on a strategic[Read More…]
Press Release Toyota Kirloskar Motor (TKM) announced that it handed over a Mobile Medical Unit (MMU) to the Indian Institute of Science (IISc) today to help scale up COVID-19 testing in Karnataka. IISc that is located in Bangalore is India’s leading institution of advanced education and research in sciences and engineering. The MMU will be used as a molecular diagnostic[Read More…]
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