R Ravichandran

Ashok Leyland to merge LCV units with itself, files for regulatory nods

Hinduja group flagship Ashok Leyland has decided to merge its light commercial vehicle subsidiaries such as Ashok Leyland Vehicles, Ashley Powertrain and Ashok Leyland Technologies, with itself, subject to necessary regulatory and other approvals, including from the National Company Law Tribunal’s (NCLT) Chennai branch.
Demand for pre-owned vehicles grows 15% annually: Olx report

India’s pre-owned automobile market is growing at 15% year-on-year, supported by a fast-growing base of young population, rapid urbanisation, changing consumer needs and internet penetration.
Wedding services largely unorganised, this presents good opportunity for us: Murugavel Janakiraman

The journey to become India’s largest and most trusted matrimony service has been good and fulfilling. We are quite excited about the journey ahead.
Three-wheeler companies’ exports equal domestic sales in April

The three-wheeler industry has started FY19 with a bang. The industry, which posted a 30% growth in FY18 to cross the 10-lakh-unit mark, has reported a whopping 63% growth in April, the first month of the current fiscal, to 97,304 units compared to 59,823 units a year ago.
Eicher bets on Royal Enfield to drive future growth

The company has announced an investment of Rs 800 crore to ramp up production capacity as well introducing new products in the current fiscal, said Siddhartha Lal, managing director and CEO, Eicher Motors Limited.
Elections, infra boost to push cement demand, says report

The cement production in India is expected to cross 310 million tonne during the current fiscal, with a rise of 6.5%, a marginal increase over previous fiscal’s 6.3% growth.
Tirupur comes to Tripura to address labour shortage

SIMA, the country’s largest spinning mills association, has decided to directly recruit thousands of job seekers for its member companies to address the increasing labour shortage.
Our R&D is working on cost-effective tech for global markets, says MD of Yamaha Motor Research & Development India

Japanese auto major Yamaha says its R&D centre in Chennai is collaborating with other R&D centres across the globe to develop advanced technologies, including for cost-effective BS VI and electric vehicles meant for Indian and overseas markets.
Cycle makers urge govt to halt dumping

The All India Cycle Manufacturers’ Association (AICMA) on Thursday strongly urged the Centre to halt the dumping of cheap Chinese bicycles used for public bicycle sharing (PBS) schemes in India.
Ashok Leyland plans Rs 1,000 cr investment

According to him, its not the volume but higher tonnage vehicles which give them strong growth momentum both in turnover and EBITDA margins.
Three-wheeler industry posts 30pct growth in FY18 on strong exports

Aided strongly by the exports, market leader Bajaj Auto saw a whopping growth of 44% to end the fiscal with 640,473 units, with exports alone contributing to 266,215 units (a growth of 39% over the fiscal 2017.
GMR Group setting up defence manufacturing centre in Tamil Nadu

Infrastructure major GMR Group is setting up an aerospace and defence manufacturing hub at its special investment region, Hosur (GKSIR), in Tamil Nadu’s Krishnagiri district, to encourage indigenous production of defence equipment in the country.
Ashok Leyland to make LCVs under new platform, ramping up output

Buoyed by an impressive 37% growth in its LCV business for the just-ended fiscal 2018, Ashok Leyland has decided to produce LCVs under a new platform to address the unaddressed tonnage categories in the domestic market.
Elgi Equipments to bolster global footprint with brand, products portfolio

After making strong inroads into overseas markets through its innovative product portfolio, Elgi Equipments, one of the top 5 manufacturers of air compressors in the world, has decided to strengthen its foothold further by bolstering its distribution/maketing network to take on global peers in the multi-billion-dollar air compressor market.
Hero MotoCorp begins work on Andhra Pradesh plant, to invest Rs 1,600 crore

World’s largest two-wheeler manufacturer Hero MotoCorp has laid the foundation stone for its 8th manufacturing plant at Chittoor in Andhra Pradesh (near Sri City), the first in the southern region, on Friday in the presence of Andhra Pradesh chief minister N Chandrababu Naidu.
Tamil Nadu adopts revenue sharing price fixation

Giving fresh breath to the ailing sugar industry in the state, the Tamil Nadu government has decided to switch over to the revenue sharing price fixation model from the current season.
Two-wheeler industry expects strong, broad-based growth

While the domestic sales during the period grew 13.62% to 1,67,62,095 units (1,47,56,059 units), the exports grew sharply at 19.32% to 23,09,818 units as against 19,35,786 units in the same period last fiscal.
Carbon Black shortage may lead to tyre plants shutdown, says ATMA

The crunch in domestic availability of Carbon Black has reached such an extent that several domestic tyre companies have been forced to take unplanned shutdowns in the recent past for want of this essential raw material.
Auto OEMs gear up for virtual dealer showroom concept to cut costs

If e-vehicles showcased by OEMs at the Auto Expo got the cynosure of all eyes, it is another concept that is fast catching up – ‘bring the showroom home’.
5-star rating; Global body sets terms for Indian original equipment manufacturers

With India fast emerging as one of the top three automotive markets, the world safety standards body, Global New Car Assessment Programme (GNCAP), has announced setting up of a safer choice award for Indian car manufacturers achieving the highest safety performance and also set terms and conditions for getting the award.
Budget 2018: Import duty hikes, focus on MSMEs, farm push to spur domestic auto industry growth

Better farm income realisation, allocations for APMCs (agricultural produce market committees), thrust on rural developments, focus on roads and highways with higher allocation, and measures to boost MSMEs in the Budget are expected to benefit two-wheelers, tractors, auto components industries. Though the proposed increase in the customs duty to 15% from 10% on imports of […]
Budget 2018: Auto industry seeks more funds under FAME, R&D sops

Budget 2018: The automotive industry has lined up a number of issues to be looked into by the finance minister in the Budget. The issues include cut in GST rates on electric vehicles, incentives to companies to invest in R&D of EVs, subsidies on battery and lithium imports.
3-wheeler industry grows in April-December on exports boost

Exports jumped sharply to witness a 30.27% growth to end at 282,901 units, against 217,166 units in the same period last fiscal, showed SIAM data.
UAE’s KEF Infra to set up prefab building plants in India at $300 m

UAE-headquartered KEF Infra, a pre-fabricated (prefab) building manufacturer with its plant at Krishnagiri in Tamil Nadu, has decided to set up end-to-end manufacturing plants in Hyderabad, Lucknow and Mumbai with an estimated investment of $300 million over the next two years to capitalise on the increasing demand for its prefab buildings across sectors.
Apollo Tyres set to invest Rs 1800 crore on new plant in Andhra Pradesh

Apollo Tyres is setting up a new modern greenfield facility at Chittoor district of Andhra Pradesh with an initial investment of Rs 1,800 crore to initially manufacture passenger vehicle radial tyres and consequently commercial vehicle and off-road tyres.
On fast lane! Tractor sales on course to hit record high this fiscal

With almost all tractor manufacturers, including majors Mahindra & Mahindra, Sonalika and Escorts, posting double-digit growth in the nine-month period ended December, the industry expects to surpass the previous sales high of 6.3 lakh units in FY2014, and clock sales of 6.5 lakh units in the current fiscal (against 5.82 lakh units reported in FY2017), said industry sources.
Why industry experts say that textiles export target of $45 bn is unachievable

The textiles industry, which has been struggling due to increasing competition from the neighbouring countries like Bangladesh, Indonesia and Vietnam, coupled with rising imports into India and other domestic issues like GST, is now feeling the pinch of a strengthening rupee.

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