R Ravichandran

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

Stupendous! Exports drive 3-wheeler industry’s growth in Apr-Oct

Driven largely by exports, the three-wheeler industry has reported a 44.30% growth in the first seven months of the current fiscal (April-October 2018) to 761,300 units as compared to 527,570 units in the same period last fis

auto, auto rickshaw, three wheeler, SIAM, exports, auto exports News

Ashok Leyland gears up for Electric Vehicle onslaught, lines up four products for rollout in 2019

Ashok Leyland, a Hinduja Group flagship, is betting big on the electric vehicle (EV) front.

Industry News

Last-mile connectivity push to help maintain our SCV leadership: Diego Graffi, MD & CEO, Piaggio Vehicles

With enhanced rural road connectivity, smart city initiatives/programmes and increased infra spending, Piaggo will target doubling its customers base in the next two years to 5 million.

Industry News

Royal Enfield invites workers to resume duty again, but union says no to riders

Hit hard by the marked production loss in the last two months, Royal Enfield, an arm of Eicher Motors, has again invited all the striking employees to resume their duty at the earliest and hold dialogue internally.

Industry News

Workers’ ‘Diwali’ leave may hit garment exports from Tirupur industrial hub

The Tirupur Exporters' Association (TEA), which houses thousands of garment units, is likely to witness a production loss of anywhere between Rs 700 crore to Rs 800 crore due to extended leaves to be availed by the workers, w

Industry News

Tractor manufacturer TAFE to expand production capacity in two plants

In an interview with FE here on Tuesday, Mallika Srinivasan, chairman and CEO, TAFE, said: “We are upbeat on the industry growth prospects as well TAFE in particular.

Industry News

Vroom! How motorcycles outpaced scooters in April-August sales

Motorcycle sales grew 14.7% in the first five months of the current fiscal while the scooter segment registered a growth of 6.8% in the same period.

Industry News

Indian textile sector on upswing: Ind-Ra

The domestic demand for textiles is likely to remain robust from end-user segments, supported by a strong rise in private consumption expenditure during the rest of FY19.

Indian textile sector, Us dollar, India Ratings and Research,  Indian rupee News

Pre-owned luxury car market on high growth path

The used luxury car market in India is growing at double the speed of new luxury vehicles segment

pre owned luxury car market, GST, Droom, Truebil, Hyundai Creta, Mercedes benz, BMW, audi News

Textile exports turn around in July, see positive momentum on measures taken by government

The Indian textile and clothing industry is finally on the verge of a turnaround.

textile, textile industry News

Kerala floods to hit tyre industry, says ATMA

The incessant rains and floods in Kerala will cast a huge shadow on the natural rubber production and will in turn put pressure on the tyre industry, which is already facing widening gap in demand and supply.

Kerala floods to hit tyre industry, says ATMA

Nexon gets 4-star rating from GNCAP

Indigenously made Tata Nexon, a compact SUV from Tata Motors, has got four star ratings from Global New Car Assessment Programme (GNCAP), a UK-based independent body that conducts crash safety tests on cars across the world.

Industry News
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