To increase financial flexibility ZF Group is selling a 7.5 percent stake of its holding in ZF Commercial Vehicle Control Systems India Limited. ZF Group the automotive supplier, has sold a 7.5% stake in its Indian subsidiary, ZF Commercial Vehicle Control Systems India Limited. The sale of 1,425,000 shares to institutional investors aims to increase ZF Group’s liquidity and financial[Read More…]
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…]
O9, a provider of AI software platform for transforming planning and decision-making, recently announced that Iveco Group has selected its o9 Digital Brain platform to digitally transform its S&OP, supply and demand planning, integrated business planning, and supplier collaboration capabilities on a global scale. Iveco Group, which is active in the Commercial & Specialty Vehicles, Powertrain, and related Financial Services[Read More…]
Billionaire entrepreneur Tesla Chief Elon Musk is likely to visit India next week to meet Prime Minister Narendra Modi. “Looking forward to meeting with Prime Minister Narendra Modi in India”, Musk posted on X. Musk will meet Modi in the week of April 22 in New Delhi, and will separately announce his investment plans in India. Musk is likely to announce[Read More…]
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