R Ravichandran

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

Elgi acquires Australia’s Pulford Air and Gas

Elgi Equipments on Wednesday announced that it has completely acquired Australia-based FR Pulford & Son, along with its wholly-owned subsidiary Advanced Air Compressors, doing business as Pulford Air and Gas.

Industry News

Hyundai to drive in electric SUV in India next year

Had showcased EV models Ioniq and Kona during the Auto Expo earlier this year.

hyndai, hyndai motors News

Textile sector faces up to Rs 1,500-cr losses

The ongoing indefinite strike of transporters has cast a shadow on the $130-billion textile industry which is facing a staggering loss of up to Rs 1,500 crore.

bus strike. strike News

M&A deals in auto sector go up by 35 percent in first half of 2018

Eighteen deals worth $500 million were sealed during the period compared with 14 deals worth $371 million in the same period in 2017, a report said.

Industry News

ITC refund rule to cut fabrics prices by 3-4%: Industry

The GST Council’s decision to allow refund of accumulated input tax credit (ITC) at the fabric stage could reduce fabric prices by 3-4% and ultimately help consumers, apart from improving competitiveness in the export marke

Markets News

Garment exports continue to fall in April-June

Readymade garment exports (RMG) in the first three months of current fiscal (April to June) declined by 16.57% to Rs 27,103 crore as compared to Rs 31,594 crore in the same period of last fiscal.

Commodities News

Changes in truck axle norms to impact fleet utilisation, sales: Crisil

The new norms on axle load, expected to be announced by the government soon, will alter the landscape for commercial vehicles (CVs) in the country.

commercial vehicles,  gross vehicle weight,  truck axle load limits, Crisil News

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 regulator

Industry News

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.

vehicle industry, three wheeler, three wheeler industry, 3-wheeler industry, domestic sales, exports boost, 3-wheeler industry grows News

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.

Wedding services, Murugavel Janakiraman, Bharat Matrimony, Matrimony News

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 9

three wheeler companies, vehicles companies, auto, rickshaw, sales News

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.

eicher, royal enfield, royal enfield growth, india News

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.

infrastructure, real estate sector News

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.

sima, tripura, spinning mills, tamil nadu News

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 an

In an exclusive interview with FE’s R Ravichandran, Yasuo Ishihara, managing director, Yamaha Motor Research & Development India (YMRI), dwells on the company’s strategies. News
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