R Ravichandran
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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.
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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.
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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
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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.
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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.
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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.
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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.
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Hyundai to drive in electric SUV in India next year
Had showcased EV models Ioniq and Kona during the Auto Expo earlier this year.
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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.
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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.
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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 market, senior industry executives said on Monday.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
