Moody’s has downgraded Volkswagen from Baa1 to A3, on the back of sector headwinds, structural issues and competition from China, besides the ongoing investment requirements, Reuters reported. The ratings agency noted in a statement that the downgrade reflects a recent contraction in operating margin and free cash flow generation, with limited expectation of a material… Continue reading Moody’s downgrades VW on sector headwinds, Chinese competition: Report
Category: US Motoring Press
Endurance Technologies Accepts 57 Separations Under Voluntary Scheme at Maharashtra Plant
Endurance Technologies Limited has accepted the separation of 57 permanent workmen under its Voluntary Separation Scheme (VSS) at its plant in Waluj, Chhatrapati Sambhajinagar district, Maharashtra, according to a regulatory filing today. The company will make a payout of approximately Rs. 106.35 million to implement the scheme at its L-6/3 (LPDC) plant located in the… Continue reading Endurance Technologies Accepts 57 Separations Under Voluntary Scheme at Maharashtra Plant
Li-ion Battery Supplier Neuron Energy Targets 10x Growth in 5 years
Lithium-ion battery maker Neuron Energy is planning to diversify its business by expanding its energy storage system (ESS) business, even as the company targets to grow its revenue by nearly 10x over the next five years. Neuron Energy, which is likely to record revenue of Rs 130-150 crore this year, is known for its lithium-ion… Continue reading Li-ion Battery Supplier Neuron Energy Targets 10x Growth in 5 years
EKA Mobility, KPIT, and BPCL Deploy Hydrogen Fuel Cell Bus at Cochin Airport
EKA Mobility, in collaboration with KPIT Technologies and Bharat Petroleum Corporation Limited (BPCL), has deployed a 9-meter hydrogen fuel cell bus at Cochin International Airport (CIAL) in Kochi. This initiative aims to support Kerala’s transition towards sustainable mobility by introducing hydrogen-powered commercial vehicles. The bus, designed to accommodate more than 30 passengers, will be… Continue reading EKA Mobility, KPIT, and BPCL Deploy Hydrogen Fuel Cell Bus at Cochin Airport
Sandhar Technologies Bolsters Die-Casting Portfolio with Sundaram-Clayton Acquisition
Automotive components manufacturer, Sandhar Technologies Ltd, today announced a series of strategic decisions aimed at consolidating its business operations and driving growth. In a major move, the Board approved the acquisition of the High Pressure and Low Pressure Aluminium Die Casting Businesses of Sundaram-Clayton Limited at its Hosur Plant by Sandhar Ascast Private Limited, a… Continue reading Sandhar Technologies Bolsters Die-Casting Portfolio with Sundaram-Clayton Acquisition
Sandhar Technologies Bolsters Die-Casting Portfolio with Sundaram-Clayton Acquisition
Automotive components manufacturer, Sandhar Technologies Ltd, today announced a series of strategic decisions aimed at consolidating its business operations and driving growth. In a major move, the Board approved the acquisition of the High Pressure and Low Pressure Aluminium Die Casting Businesses of Sundaram-Clayton Limited at its Hosur Plant by Sandhar Ascast Private Limited, a… Continue reading Sandhar Technologies Bolsters Die-Casting Portfolio with Sundaram-Clayton Acquisition
Tata Motors Announces Price Hike for CVs as Costs Continue to Rise
Tata Motors, India’s largest commercial vehicle manufacturer, today announced a price increase of up to 2% across its commercial vehicle range, effective April 1, 2025. The company cited rising input costs as the primary reason for the price adjustment, which will vary by individual model and variant. This follows an earlier increase of up to… Continue reading Tata Motors Announces Price Hike for CVs as Costs Continue to Rise
Dr. Lakshmi Venu Appointed as Vice Chairman of TAFE
Tractors and Farm Equipment Limited (TAFE) has appointed Dr. Lakshmi Venu as its Vice Chairman. Dr. Lakshmi, who has been serving as a Director at TAFE, brings experience in the farm mechanisation and auto component sectors. Dr. Lakshmi has been recognised as one of Business Today’s “Most Powerful Women in Business” in 2023 and… Continue reading Dr. Lakshmi Venu Appointed as Vice Chairman of TAFE
Dark Edition SUVs: Striking Aesthetic or Problematic Messaging?
“The dark side of daddy.” “Dark rules.” “Black storm.” These are not one-liners from a Batman movie or the Armageddon sequel. These are actual advertising lines for automobiles in India. They could have easily been mouthed by Hannibal Lecter or the Joker. But no, they have been thought out by advertising agencies against specific campaign… Continue reading Dark Edition SUVs: Striking Aesthetic or Problematic Messaging?
RKFL to Raise Steel Casting Capacity to 120,000 tonne
Kolkata headquartered Ram Krishna Forgings Limited (RKFL) has become India’s second largest forging company supplying parts and machined components. It supplies parts to sectors from automobiles to railways, farm equipment to oil and gas and power, among others. It is a family run business that was founded in 1981. Third-generation entrepreneur, 27-year-old Chaitanya Jalan, is… Continue reading RKFL to Raise Steel Casting Capacity to 120,000 tonne