Shailesh has a strong experience of over 28 years across diverse sectors including automotive, telecommunication and railways. Shailesh holds a Master’s in Business Administration and a Bachelor’s in Industrial Engineering. Stellantis has announced the appointment of Shailesh Hazela as the new CEO and Managing Director. Shailesh will succeed Aditya Jairaj, who will be relocating to… Continue reading Stellantis India appoints Shailesh Hazela as new CEO and MD, effective mid July
Author: Economic Times of India Online News
Bajaj Auto May 2024 domestic sales drop marginally to 225,087 units
The company witnessed an increase of 5% in the total sales of commercial vehicles to 49,841 units compared to 47,452 units last year. New Delhi: Bajaj Auto, one of India’s leading automobile manufacturers, reported a decrease of 1% to 225,087 units in May 2024 domestic sales, compared to 228,401 units in May 2023. On the… Continue reading Bajaj Auto May 2024 domestic sales drop marginally to 225,087 units
Metro railway rolls out UPI in all stations under North-South corridor
Seeing the huge response of Metro users, authorities are contemplating extending this alternative ticketing facility to the Ruby-New Garia and Joka-Taratala section as well for the benefit of the commuters soon, it said. After the Howrah Maidan-Esplanade and Sector V-Sealdah corridors of the East-West Metro, UPI payment-based ticketing system has been introduced in all automatic… Continue reading Metro railway rolls out UPI in all stations under North-South corridor
Republicans make Biden’s EV push an election-year issue as Democrats take a more nuanced approach
“You cannot be shoving EVs down our throat,” said Joe Dempsey of Oregon, Ohio, who drives a Toyota gas-electric hybrid that does not require charging. Donald Trump says the Biden administration’s policy to promote electric vehicles is a “radical plan” that would kill the economy in automaking states. Republican allies in the petroleum industry have… Continue reading Republicans make Biden’s EV push an election-year issue as Democrats take a more nuanced approach
Highway builders want infra loans provision pared to 2%
“The phasing may not help the infrastructure industry as the lenders may factor in the highest provisioning rate in calculation of lending rates,” it said. Highway construction contractors have suggested that the provision that lenders must make against financing their projects be fixed at 2% instead of the Reserve Bank of India‘s proposal of 5%,… Continue reading Highway builders want infra loans provision pared to 2%
NHAI implements 5% toll fee hike across country
Updated On Jun 3, 2024 at 07:56 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals The revision of toll fees is a yearly exercise tied to changes in the wholesale price index (CPI)-based inflation. Starting Monday, motorists traveling on expressways will face higher toll charges. The National Highways Authority of India… Continue reading NHAI implements 5% toll fee hike across country
NMDC reports 37% drop in iron ore production in May 2024
Under the Ministry of Steel, Hyderabad-based NMDC caters to India’s around 20% demand for the key steel-making raw material. Country’s largest iron ore miner NMDC has reported a 37% fall in its production at 2.34 million tonnes (MnT) in May 2024. It had produced 3.71 MnT of iron ore in the same month last year,… Continue reading NMDC reports 37% drop in iron ore production in May 2024
BMRCL introduces advertisements on metros to boost income
At present, the metro network stretches 73 km, with plans to expand it to 175 km by 2025–26 and 317 km by 2031. The Bangalore Metro Rail Corporation Limited (BMRCL) has made a decision to wrap its trains with advertisements in order to generate non-fare revenue. At present, only one train from the fleet has… Continue reading BMRCL introduces advertisements on metros to boost income
Tata Motors’ strategic move: Separating commercial and passenger vehicle segments
Updated On Jun 2, 2024 at 11:34 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Tata Motors’ commercial vehicle division has been consistently delivering strong operational and financial results. The planned division of Tata Motors‘ automotive business into two separate listed entities aims to make the commercial vehicle sector more responsive… Continue reading Tata Motors’ strategic move: Separating commercial and passenger vehicle segments
TVS Motor domestic 2W sales up 7% to 271,140 units in May 2024
Updated On Jun 1, 2024 at 02:14 PM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Motorcycle registered sales growth of 7% with sales increasing from 162,248 units in May 2023 to 173,627 units in May 2024. New Delhi: TVS Motor Company registered a sales growth of 12% increasing from 330,609 units… Continue reading TVS Motor domestic 2W sales up 7% to 271,140 units in May 2024