Auto component maker JM Frictech India Pvt. Ltd. (JMI) has invested about ₹50 crore to set up its fourth manufacturing facility, in Chandigarh, as it expands its presence in North India. The plant is being commissioned in phases. It will start with warehousing and logistics, and manufacturing will be ramped up gradually so that the facility […]
SML Mahindra Limited has entered into a Memorandum of Understanding (MoU) with Indian Bank to strengthen its dealer ecosystem through structured inventory funding support. Under the partnership, Indian Bank will extend working capital assistance to SML Mahindra’s authorised dealers through its Supply Chain Finance (SCF) platform, enabling smoother inventory funding at competitive and transparent terms. […]