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New Delhi, Dec 17 (PTI) Carraro India Ltd, the manufacturer of transmission systems for off-highway vehicles and other agricultural and construction equipment, on Tuesday fixed a price band of Rs 668-774 per share of its Rs 1,250-crore initial public offering (IPO) that will open for subscription on December 20. The Pune-based company's initial share-sale will conclude on December 24 and the anchor bidding will open for a day on December 19, the company said. Carraro India's IPO is completely ...Read More >
New Delhi [India], December 17 (ANI): Maruti Suzuki India Limited (MSIL), India's leading passenger vehicle manufacturer, has achieved an extraordinary milestone by producing two million vehicles in single calendar year. According to Maruti Suzuki, this feat makes Maruti Suzuki the first original equipment manufacturer (OEM) in India to reach this landmark and the first among Suzuki Motor Corporation's global facilities to achieve such a scale. Also Read | Maratha Quota Activist Manoj Jarange ...Read More >
Mumbai, Dec 11 (PTI) Murugappa Group-run TCI Clean Mobility subsidiary TIVOLT Electric Vehicles on Wednesday said it has signed a pact with EV charging solutions provider Tata Power Renewable Energy Limited (TPREL) to build a charging ecosystem for its electric commercial vehicles. Under the collaboration, Tata Power Renewable Energy will bring its extensive experience in setting up and managing an expansive EV charging infrastructure at strategic locations across the country to TIVOLT dealersh ...Read More >
New Delhi, Dec 11 (VOICE) There is a potential $40 billion investment opportunity for the development of electric vehicles (EVs) and ancillary industries in India over the next 5-6 years, a report showed on Wednesday.About two-thirds of the planned investments can potentially materialise in the lithium-ion battery segment alone, said the report by Colliers, a professional services and investment management company. The deployment of these funds will rely upon successful implementation of govern ...Read More >
Gurugram, 11 December 2024: Around USD 40 billion of investments are envisaged over the next 5-6 years for the development of Electric Vehicles (EV) & ancillary industries in India. However, the deployment of these funds will rely upon successful implementation of government policies, charging infrastructure ramp-up and domestic manufacturing capacity scale-up. As per Colliers' latest report "EVs in India: Renewed Vigour in Electric Mobility", about two-thirds of the planned investments, can pot ...Read More >
TrueNoord, a leading regional aircraft leasing specialist, has successfully acquired seven ATR 72-600 aircraft from the German asset management firm, GOAL Aircraft Leasing, acting on behalf of KGAL. This strategic acquisition boosts TrueNoord's fleet to over 100 aircraft and adds three new European lessee airlines to its portfolio, further solidifying its presence across the continent. The full integration of these aircraft was completed last week. The seven ATR 72-600s are currently leased to ...Read More >
New Delhi: India's passenger vehicle market witnessed varied performance across major automakers in November 2024. While Maruti Suzuki, Mahindra & Mahindra, and Tata Motors posted year-on-year growth, Hyundai faced challenges in its domestic market. Maruti Suzuki, the country's largest carmaker, reported strong growth in total passenger vehicle sales, reaching 141,312 units during the month. This marked an increase from 134,158 units sold in November 2023. However, the company's sales in Octob ...Read More >
Talbros Automotive has secured orders totalling Rs 345 crore, including Rs 131 crore in exports, primarily to Europe. The heat shield segment accounts for Rs 245 crore, with orders from multiple OEMs, while the gasket division contributes the remaining Rs 100 crore.Shares of Talbros Automotive Components, in which ace investor Dolly Khanna holds a stake, surged 15% on Wednesday after its joint venture secured orders worth Rs 475 crore for both the domestic and export markets from leading OEMs. ...Read More >
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