Standard Chartered Bank, India has announced a partnership with Tata Motors, India’s leading automobile manufacturer, for offering Supply Chain Finance Solutions to their passenger Electric Vehicle (EV) dealers. Currently Standard Chartered Bank offers inventory funding limits to the ICE dealerships of Tata Motors, across its Passenger and Commercial Vehicle businesses. The Memorandum of Understanding (MoU) […]
Ashok Leyland has commenced the delivery of its first LNG-powered haulage truck – AVTR 1922 to Mahanagar Gas Limited in Hosur. This is a significant step from Ashok Leyland towards a sustainable and eco-friendly future of the Indian transportation industry. With this, Ashok Leyland becomes the first Indian Original Equipment Manufacturer (OEM) to unveil an in-house LNG engine compliant with BSVI Stage II emission standards. Speaking on the occasion, Sanjeev Kumar, President- MHCV, Ashok Leyland, said, “We […]
By Vairavanthan Shanmugavelu In the dynamic world of auto components, a significant challenge has emerged with the accumulation of over 5000 Crore worth of inventory, often labeled as “Non-Moving, Dead Inventory.” This stockpile is predominantly found in the godowns of dealers, distributors, and retailers. Various factors contribute to this backlog, including missing part numbers, absent […]
The deliveries are part of an order to supply, maintain and operate 100 electric buses in Srinagar and 100 more in Jammu for a period of 12 years Tata Motors has announced that it has supplied the first batch of state-of-the art Ultra EV air-conditioned electric buses to Srinagar Smart City Limited, via TML Smart […]
Valvoline Cummins Private Limited (“Valvoline Cummins”), the Original Engine Oil maker and a leading global lubricant manufacturer powering the future of mobility through innovative services and products completes 25 years of its operations in India, a milestone of Innovation & Excellence. Since 1998, when Valvoline Cummins embarked its journey in the Indian market, it has been […]
The buses will be delivered by its dealer partner in the state PPS Motors as part of the Location Accessible Multimodal Initiative PPS Motors, a part of the largest automotive dealership group, is delivering nearly 300 BharatBenz buses to the Odisha Government as part of the Location Accessible Multimodal Initiative (LAccMI). The Chief Minister of […]
Flotation radials, construction range tyres exhibited at the event TVS Eurogrip, one of India’s largest manufacturers & exporters of Off-Highway Tyres and Two & Three-wheeler tyres is participating in the prestigious SEMA show being held at Las Vegas Convention Centre, Las Vegas, Nevada, USA from October 31st to November 3rd, 2023. In the four-day event, the […]
Indian tyre industry major, JK Tyre & Industries Ltd. (JK Tyre) has announced its unaudited results for Q2 of FY2024. On a consolidated basis, net revenues were up 4% at Rs.3,905 crore and EBIDTA increased to Rs.597 crore as against Rs.305 crore on y-o-y basis. Commenting on the results, Dr. Raghupati Singhania, Chairman and Managing Director […]
Honda Cars India Ltd. (HCIL), leading manufacturer of premium cars in India, registered monthly domestic sales of 9,400 units in Oct’23 backed by strong demand for its new SUV Honda Elevate. The export numbers for HCIL stood at 3,683 units in Oct’23. Sharing thoughts on the monthly sales performance, Mr. Yuichi Murata, Director, Marketing and Sales, Honda Cars India Ltd said,”There is a […]
Domestic sales up by 25%; Exports grow by 6% TVS Motor Company has registered its highest-ever monthly sales of 434,714 units in October 2023 with a growth of 21 percent as against 360,288 units in the month of October 2022. Two-Wheeler Total two-wheelers registered a growth of 22% with sales increasing from 344,630 units in October 2022 […]
Volkswagen Passenger Cars India has announced the inauguration of a new City Store in Indore, Madhya Pradesh. The network expansion in Madhya Pradesh comes from the growing customer demand for premium, safe and German-engineered mobility solutions. The brand witnessed a 45% growth (YTD) in the region in 2023 (vs. 2022). Volkswagen Indore will enable existing […]
Forgetting to retract the side stand of a bike while in a rush, is a major reason for a crash in India. In such cases, riders usually endure serious injuries and sometimes it can cost them their lives. Therefore, to address this issue and to ensure the utmost safety of its customers, Uno Minda, a […]
Ashok Leyland has announced that it has bagged an order for 1,282 fully built buses from Gujarat State Road Transport Corporation (GSRTC). This order, one of the largest from a State Transport Undertaking for a single OEM, will contribute to strengthening Ashok Leyland’s dominant position in the Indian bus market. Under the terms of the […]
Automotive Manufacturers Pvt. Ltd. (AMPL) has inaugurated their state-of-the-art service facility at Renigunta, Andhra Pradesh. AMPL is one of the largest dealers of Ashok Leyland with an extensive network of 104 service touch points spanning six states including Andhra Pradesh, Telangana, Maharashtra, Karnataka, Chhattisgarh, and Uttar Pradesh. The dealer outfit continues its commitment of providing […]
The Auto Expo 2023, jointly organized by The Tamil Nadu Automobile and Allied Industries Federation (TAAIF) and The Tamil Nadu Motor Parts Dealers Association (TMPDA) in Madurai from 30th September 2023 to 2nd October 2023, was a tremendous success. The success of the show can be mainly attributed to the unity, hard work, and team […]