R Ravichandran

Articles By R Ravichandran

138 Articles

Dr Agarwal’s raises Rs 215 crore from CDC for expansion

This fourth round of fund raising follows Rs. 270 crore funds raised each from ADV Partners in 2016 and Singapore-based Temasek earlier this year.

Industry News

Apollo Tyres to cut FY20 and FY21 capex by Rs 600 crore on poor demand from OEMs

Similarly, for our European operations, there was no growth capex being incurred, only maintenance capex would be incurred, he said, adding the company expects to invest €40 million in the European operations this year and

The current utilisation levels in India are just short of 80%, given the market situation, that has come down by almost 5% to 10% points, across product categories, he said. News

‘ALL to undergo margin pressure in near term; will see demand pick-up in H2FY21’

Though the company expects to benefit through pre-buying ahead of BS-VI transition in fourth quarter to some extent even as the CV industry is half way to ongoing cyclical downturn and is involved in heavy discounts to push i

Ashok Leyland sales, car sales, auto sales, Ashok Leyland, AL, price erosion, CMP, liquidity issues, NBFC crisis, worst demand slowdowns, axle load norms, bank discounts, festive season, pre BS6 buying, CV manufacturers News

Elgi Equipments to focus more on global markets, eyes No 2 slot

Air compressor manufacturer Elgi Equipments has decided to cut its dependence on the Indian market and focus more on five global markets including the US, Europe, Thailand, Australia and Indonesia.

Industry News

A 10% GST cut would have helped customers save 8% on cost

The 10% GST cut would have reduced the on-road prices of vehicles by 7-8%. The reduction would have definitely helped in improving the market.

Car News

Automobile makers cut inventory as sales recovery seems elusive: Analysts

An analyst with Motilal Oswal Securities said, “It seems the recovery is elusive and the inventory correction continues to be undertaken by the OEMs. Our interaction with leading PV/2W/CV channel partners still indicates no

automobile industry, OEM, BS-VI, Motilal Oswal, Bajaj Auto, CV retails,  CV wholesales News

Relief measures, festive season to revive demand growth: Rudratej Singh, president and CEO, BMW Group India

BMW will also go for dealers expansion with 13 more in the next 12 to 15 months. In an interview with R Ravichandran of FE, Rundratej Singh, president & CEO, BMW Group India, while terming the current slowdown is short-term i

Rudratej Singh, BMW, BMW Group India, GST rate on EV, BMW Motorrad, BS VI vehicles News

Madras HC stays public utility service status to auto part industry

The Madras High Court has ordered an interim stay on Tamil Nadu government’s order declaring automotive component manufacturing industry as “public utility service”, describing the decision as arbitrary.

Industry News

Commercial fleet operators to ask lenders to reschedule EMI repayment

Commercial vehicle fleet operators in India have proposed to ask lenders such as banks and NBFCs to reschedule the EMI payments on loans taken for their vehicles purchase.

Industry News

Three-wheeler sales dip 11.64% in first-quarter

After posting robust 24% and 37% growth in FY18 and FY19, the industry has reported a 11.64% drop in sales to 267,198 units as compared to 302,383 units sold in the same quarter last fiscal, said a SIAM data.

Three wheeler sales, three-wheeler industry, auto industry, NBFC crisis, SIAM data, Bajaj Auto, Mahindra & Mahindra, TVS motor News

Tyre OEMs may mention fuel-saving features on sidewalls from January 1

The new code is billed to bring in accountability and transparency in tyre performance in India by labelling key consumer centric informations on sidewalls of tyres, said industry sources, adding that they expect a government

Tyre OEMs,  fuel saving feature, industry news, Tyre price, Tyre company, PCRA News

Cement players on verge of growth; price hike to sustain

According to Motilal Oswal, across India, cement players hiked prices by Rs 20 per bag in April, followed by another hike of Rs 30 per bag in May, which was partly rolled back towards end of May.

cement industry, Cement deamand, Diesel prices, Reliance Securities analysis, Motilal Oswal News

Royal Enfield signs 3-yr wage agreement with Collaborative Forum

When the strike ended, the management demanded that workers should become part of internal collaborative forum and raise their grievances through this forum as part of its ‘good conduct’ bond.

Industry News

Truck rentals take huge hit on drop in freight

Truck rentals across the country are in a jittery mode and the dealers and banks are holding a few queries for fleet replacement as compared to last year.

Truck rentals take huge hit on drop in freight News

We’re looking at Europe, US for inorganic growth to be No. 2 player globally: Jairam Varadaraj, MD, ELGi Equipments | INTERVIEW

The over Rs 1,600-crore India’s leading air compressor company ELGi Equipments is betting big on the global markets, particularly the European region, to become No. 2 company in the $15-billion air compressor market.

Jairam Varadaraj, MD, ELGi Equipments News

Hyundai bets on compact SUV Venue to maintain growth

Hyundai Motor India Ltd (HMIL) is betting big on Venue, a compact SUV which will be launched shortly. Amid challenges and subdued market sentiment, HMIL expects Venue will not only give the needed impetus to maintain its grow

Industry News

Tirupur garment exports grow 8% in FY19 to Rs 26k crore

India’s leading readymade and knitwear cluster also registered a domestic sale of Rs 24,000 crore, taking its total businesses during the fiscal to Rs 50,000 crore.

Tirupur garment exports grow 8% in FY19 to Rs 26k cr (Representational image) News

Auto sales on track: 3-wheelers buck the trend with 24% growth in FY 19

Almost all major players, such as Bajaj Auto, TVS Motor, Piaggio, have reported a robust performance in exports due to the surging demand for three-wheelers produced in India in contrast to domestic sales.

Industry News

Toyota predicts strong demand for Camry hybrid EV

Under the GST regime, hybrid vehicles were put in the same category as big petrol and diesel luxury cars, attracting 28% rate with a cess of 15%.

toyota camry hybrid News

Italy’s superbike maker Benelli to set up manufacturing unit in India

Italian iconic superbike maker Benelli will set up a joint venture in association with its current Indian distributor to explore the mass-market two-wheeler segment (100CC-250CC) in a big way.

banelli italy, automobile sector, automobile industry, china, banelli bikes News

Royal Enfield asked by global union to stop vindictive actions against workers

WPTUC general secretary Valter Sanches has said the union is concerned over continuing violations of workers' rights and vindictive actions against the staff at Royal Enfield's Oragadam plant in Chennai because of their parti

Royal Enfield, automobole sector, automobile industry News

Motoring moves: Volvo Car India to begin assembling plug-in hybrid by year-end

Swedish luxury car major Volvo has said that 2019 will be a challenging year and it expects the to be flat or in lower single digit.

Industry News

Tamil Nadu launches slew of sops for textile sector to retain numero uno status

The Tamil Nadu government has announced a host of incentives for the textile sector.

Markets News

No major impact of US GSP withdrawal seen: Textile industry panel

There are 15 products in RMG category under US GSP, which contributes to $586.58 million RMG imports of US.

Markets News

Sops galore in new knitwear scheme; govt to provide assistance of Rs 2 crore per centre

The objective of creation of new service centres (NSCs) on the PPP model is aimed at providing adequate facilities for testing, training, sample development, consultancy, trouble shooting and facilitation services.

Industry News

Dr Agarwal’s Healthcare raises Rs 270 crore from Temasek; to add 25 hospitals in next 15 months

On the revenue target, Amar Agarwal said: “We are a Rs 500-crore company right now and will become a Rs 1,500-crore company after the expansion with 25% Ebitda margins.”

Industry News

Ashok Leyland in talks with global OEM to offer mobility solutions

Hinduja flagship Ashok Leyland said that it is in advanced talks with a select few defence players (OEMs) in the US and Europe to offer its mobility solutions.

Industry News
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