TVS Supply Chain Solutions Limited (NSE: TVSSCS, BSE: 543965) has informed stock exchanges about the closure of its UK-based step-down subsidiary through voluntary liquidation. The company notified both BSE Limited and the National Stock Exchange of India that Peter Thomas & Co (Refurbishing) Limited, incorporated in the United Kingdom, was struck off on August 26,… Continue reading TVS Supply Chain Solutions Closes UK Subsidiary Through Voluntary Liquidation
Author: Autocar_Professional India Online News
Setco Automotive Subsidiary Faces Credit Rating Downgrade to ‘D’ Grade
Setco Automotive Limited has informed stock exchanges that its subsidiary, Setco Auto Systems Private Limited, has received a significant credit rating downgrade from ICRA Limited. The rating agency revised the credit rating from [ICRA] B-(Stable) to [ICRA] D across all debt instruments, effective September 3, 2025. The downgrade affects the subsidiary’s entire debt portfolio valued… Continue reading Setco Automotive Subsidiary Faces Credit Rating Downgrade to ‘D’ Grade
TVS Motor Bets on NTorq 150 to Ride the Sporty Scooter Wave
TVS Motor Company is sharpening its focus on the performance-oriented scooter segment, one of the fastest-growing categories in India’s two-wheeler market. With scooters increasingly becoming the vehicle of choice for younger, urban riders, the company sees sporty scooters as a long-term growth engine that will not only strengthen its leadership in the segment but also… Continue reading TVS Motor Bets on NTorq 150 to Ride the Sporty Scooter Wave
GST reform: Small SUV prices could go down by Rs 68,000-Rs 1.49 lakh, hatchbacks cheaper by Rs 47,000-Rs 1.38 lakh
Small car and SUV buyers are set to benefit from the Indian government’s latest “next-gen” GST reforms, which introduce a heavily reduced 18 percent GST slab on cars and SUVs measuring under four metres in length and powered by engines smaller than 1,200cc. This change directly impacts some of the most popular compact SUVs in… Continue reading GST reform: Small SUV prices could go down by Rs 68,000-Rs 1.49 lakh, hatchbacks cheaper by Rs 47,000-Rs 1.38 lakh
Government Reduces GST on Tyres, Industry Welcomes Move
The Automotive Tyre Manufacturers’ Association (ATMA) has expressed appreciation for the government’s recent decision to reduce Goods and Services Tax (GST) rates on tyres, describing it as a positive development for consumers and road safety. The tax reduction addresses a long-standing industry concern regarding the classification of tyres under the highest GST bracket of 28… Continue reading Government Reduces GST on Tyres, Industry Welcomes Move
Apollo Tyres Chennai and Limda Plants Receive 5-Star Safety Rating from British Safety Council
Apollo Tyres Ltd announced that its manufacturing facilities in Chennai and Limda, Gujarat, have been awarded a prestigious 5-star rating by the British Safety Council following extensive occupational health and safety evaluations. The rating represents the highest recognition available from the British Safety Council and is reserved for organizations demonstrating exceptional commitment to health, safety,… Continue reading Apollo Tyres Chennai and Limda Plants Receive 5-Star Safety Rating from British Safety Council
STMicroelectronics Appoints Anand Kumar as Managing Director for India Operations
STMicroelectronics, a global semiconductor leader, has announced the appointment of Anand Kumar as Managing Director for its India operations, effective immediately. Kumar succeeds Vivek Sharma, who retired after completing a 34-year career with the company. The leadership transition comes as STMicroelectronics continues to expand its presence in the Indian market, which represents a key growth… Continue reading STMicroelectronics Appoints Anand Kumar as Managing Director for India Operations
AutoDukan Secures $1 Million in Pre-Series A Funding
AutoDukan, an AI-driven automobile aftermarket platform, has raised $1 million in its Pre-Series A funding round to scale technology and expand its spare part procurement and insurance claim workflow services across India. The round was led by Choice Group and select high net worth individuals. The funding follows previous investment rounds including a seed round… Continue reading AutoDukan Secures $1 Million in Pre-Series A Funding
From Trading Floors to Social Media: Maruti Suzuki Victoris Creates a Flutter
When Maruti Suzuki unveiled the Victoris, it sparked conversations from boardrooms to Twitter threads. For years, the company had watched rivals like Hyundai’s Creta and Kia’s Seltos capture hearts and wallets in India’s SUV market while its own Grand Vitara struggled to gain traction. Now, with the Victoris, both industry experts and car enthusiasts are… Continue reading From Trading Floors to Social Media: Maruti Suzuki Victoris Creates a Flutter
AbhiBus Integrates 7 New State Transport Services, Reaches 17 SRTC Partnerships
AbhiBus, the bus ticketing platform under ixigo Group, has integrated seven new State Road Transport Corporations (SRTCs) into its network, bringing its total SRTC partnerships to 17 across India. The integration was completed recently to expand government bus service availability on the platform. The seven new SRTCs include ASTC (Assam), SBSTC (South Bengal), TSRTC (Telangana),… Continue reading AbhiBus Integrates 7 New State Transport Services, Reaches 17 SRTC Partnerships