R Ravichandran

Articles By R Ravichandran

158 Articles

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.

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.

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

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

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

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.

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

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

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

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)

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.

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

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

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

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.

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.

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.

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.

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.”

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.

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

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.

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.

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.

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

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.

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.

Income Tax Calculator, Budget 2019, How to Calculate Income Tax


Stock Market