Hyundai Motor Company (Hyundai Motor) and Kia Corporation (Kia) signed a Memorandum of Understanding (MOU) for strategic cooperation with Exide Energy Solutions Ltd. (Exide Energy), a leading Indian battery company, as part of their electric vehicle (EV) expansion plans. The signing ceremony took place at Hyundai Motor Group’s Namyang Research and Development Center in South […]
After year-on-year growth of over 50% in business volumes in F’23, Mahindra’s Truck and Bus Division (MTBD) today inaugurated M/s. Royal Sona Vijay Motors, its new, state-of-the-art dealership in Jodhpur, Rajasthan. Speaking on the occasion, Mr. Jalaj Gupta, Business Head – Commercial Vehicles, Mahindra & Mahindra Ltd. said, “MTBD is well on its way to […]
Today, it is announced that Bajaj Auto Ltd and Triumph Motorcycles Ltd have completed the successful transfer of Triumph’s India Sales & Marketing operations to Bajaj Auto. This follows the announcement back in 2020, of the strategic partnership between the two companies, in which both confirmed that they would jointly collaborate to create a new […]
In a bid to make this festive season special, Tata Motors, India’s leading automotive manufacturer has joined hands with State Bank of India, India’s largest bank, to offer Electronic Dealer Finance solution (e-DFS) to its authorized passenger EV dealers. Commenting on the rollout of this finance scheme offer, Mr. Shailesh Chandra, Managing Director, Tata Motors […]
Abutani Trucking, dealer of BharatBenz trucks in Assam since 2017, celebrated a sales milestone of delivering 1000 BharatBenz trucks to customers in the North East. BharatBenz tankers and mining applications are widely favoured in the region thanks to their reputation for safety and best-in-class features. The sales milestone is a testament to growing customer faith […]
Resultant higher cash accruals and lower inventory will bolster credit metrics With 20-22% revenue growth and 50-100 basis points (bps) improvement in operating margin expected for next fiscal, overall revenue and operating profits of automobile dealers are set to scale back to pre-COVID levels, a study of 191 rated by CRISIL Ratings Ltd. shows. Revenues, […]