Capacity creation will help us grow in south, east markets: Ramco Cements
PR Venketrama Raja, chairman and MD, Ramco Cements, said its new capacities, coupled with a strong and growing distribution network, will help the company foray into new markets.
Priority is to bring CG Power back on track, says Tube MD
Subbiah said the rationale behind the acquisition was not only to drive inorganic growth but also to de-risk TII from the auto business and its cyclicality.
MRF working on developing raw materials locally to cut imports
It is expected that despite the current unstable pandemic scenario across many global markets, the coming year should continue to see good demand for the company's products across all categories.
Thrust on light-weighting of vehicles to help grow fast: Sundaram-Clayton
Sundaram-Clayton believes, in long term, due to stringent emission norms, fuel economy regulations and adoption of alternate drivetrain technologies, the thrust towards light-weighting was bound to increase, leading to higher
Covid compliance: Tussle at Renault-Nissan plant resolved
Taking note of the union's agreement to the report findings, the court has ordered the closure of the case.
TVS Motor Company working to leverage opportunities in less Covid-hit countries
TVS Motor’s two-wheeler exports in 2020-21 stood at 7.6 lakh units, with a growth of 12% over 2019-20.
Valli Arunachalam accuses Murugappa family members of delaying tactics in NCLT
Valli, her sister and their mother, MV Valli Murugappan, have moved the Chennai bench of NCLT seeking waiver of the minimum 10% shareholding required to ensure the alleged oppression and mismanagement case against AIL is main
Truck operators feel the heat
A survey said more than 50% of operators saw a substantial (over 25%) drop in market demand as against the March levels.
Interview: Rakesh Srivastava, MD, Nissan India confident of company’s three-digit growth
With the recently launched vehicle subscription scheme, the carmaker says it is positive that customer sentiments will improve, leading to an increase in demand and sales for the rest of the financial year.
Madras HC asks govt officials to inspect Renault-Nissan plant
On behalf of the workmen at Renault-Nissan, it was submitted that the union should be consulted while preparing job allocations.
Directorate industrial safety & health of TN gives report to HC on guidelines for social-distancing in assembly lines
The directorate industrial safety & health team had re-visited the Renault-Nissan unit and also visited the Hyundai and Ford factories, to review the safety norms practised by the individual companies
Women rated better leaders than men by those who worked with them: Valli Arunachalam
In an exclusive chat with FE, Valli said the Covid -19 crisis had fundamentally changed the way businesses had been operating and there was a need to embrace the new normal.
High Court orders Tamil Nadu govt to set uniform Covid-19 norms for all carmakers
Renault-Nissan management feels singled out as it is the only car manufacturer that follows the 3:1 protocol at their Chennai plant. While the arrangement allows for adequate social distancing, it has resulted in reduced prod
Covid safety: HC asks Renault-Nissan to implement pact with union in full
RNITS sources told FE that though the 3:1 pitch ratio was implemented on one of the product lines, it was not introduced on the second line, which the union brought to the court’s notice.
Covid-19 safety protocols: Madras HC asks state govt to inspect Renault-Nissan plant
Asks workers to resume work from Tuesday. Here are all the details.
After Hyundai & Renault-Nissan, Ford halts ops at Chennai plant
According to sources in the union, two workers have died and more than 230 workers have been affected by Covid-19.
Renault-Nissan says reviewing safety protocol at Chennai plant
With Covid spread raging, Hyundai Motor India had also been confronted with similar outcry from the workers and the company had decided to temporarily suspend operations at its plant in Tamil Nadu from May 25 to 29
Renault-Nissan to halt operations at Chennai unit
Renault has sought to contend in the court that appropriate measures have been put in place with three shifts reduced to two.
Collections, disbursements picked up in March quarter: Equitas SFB
Vasudevan said as of March 31, the bank's advances grew 17% year on year and about 81% was of secured loans. Its flagship product, small business loan, continues to show reasonable growth.
TVS to roll out iQube electric scooter in 20 new cities: Plans up to Rs 600 crore capex for FY22
It is planning to roll out its e-two-wheeler iQube in 20 new cities in the current fiscal. iQube was recently launched in Delhi, the second market, after Bengaluru.
Ashok Leyland to roll out first electric LCV by FY22-end under Switch Mobility
The vehicle will be launched under the banner of Switch Mobility Automotive, a subsidiary recently set up to spearhead the company’s EV strategy in India.
TVS Motor Company sees strong demand from West Asia: Company’s two-wheeler exports rise 35% in February 2021
TVS Motor, the flagship of the $ 8.5-billion TVS Group, exports to more than 60 countries. The company had recently appointed Timothy (Tim) Prentice as V-P, design.
Interview: We are poised for growth now, says Padmaja Chunduru, MD & CEO, Indian Bank
The Covid-19 crisis struck in the middle of the process to merge Allahabad Bank with Indian Bank, forcing us to bring to bear all the experience and skills one had acquired over the years. For this expertise, I would like to
TVS Motor sees strong demand from West Asia, recovery in other key global markets: Registers growth as high as 43% in exports
Despite the pandemic showing no signs of ending, TVS Motor Company has reported that it has been witnessing an increase in export demands for West Asia with customers leaning towards premium products more and more.
Royal Enfield eyes 10% share in mid-sized bikes segment in export market
The company has started its first offshore completely knocked-down (CKD) plant in Argentina in September last year and plans to set up three more plants in Thailand, Brazil, and Columbia.
Rough Road: Rising ownership cost hits sales of two-wheelers
Though the wholesales of two-wheelers had clocked a low double-digit growth of 10.20% in February, the Society of Indian Automobile Manufacturers (Siam) said it is still lower than the sales recorded in February 2018.
Valli moves NCLT, seeks minimum holding waiver
The petition also alleges that the structure and manner of holding of some of the companies has been altered without the consent of the petitioners, without them being informed and with malafide intent to partition the group
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