Mumbai-headquartered Mahindra & Mahindra, in a major reshuffling, has appointed R. Velusamy as the President of the Automotive Business (AB), while Veejay Nakra has moved to become President of the Farm Equipment Business (FEB). Furthermore, Hemant Sikka has been appointed Managing Director & CEO of Mahindra Logistics Ltd (MLL). In a statement released by the… Continue reading R Velusamy to Head M&M Auto, Nakra to Steer Farm Equipment, Hemant Sikka to Lead Mahindra Logistics
Category: US Motoring Press
Mahindra Group Announces Senior Leadership Reshuffle; Hemant Sikka to Lead Logistics Division
Mahindra & Mahindra Limited has announced a significant leadership reorganization, with Hemant Sikka, currently President of the Farm Equipment Sector (FES), being appointed as the MD & CEO of Mahindra Logistics (MLL). The transition will take effect from May 4, 2025, according to a regulatory filing by the company today. Sikka’s move comes as part… Continue reading Mahindra Group Announces Senior Leadership Reshuffle; Hemant Sikka to Lead Logistics Division
Revfin Targets ₹5,000 Cr in EV Financing by 2027, Strengthens Leadership Team
Revfin, a digital lending platform focused on sustainable mobility, has outlined plans to scale its electric vehicle (EV) financing operations with a target of ₹5,000 crore in disbursements by 2027. As part of this strategy, the company has appointed three senior leaders to drive expansion, strengthen internal operations, and deepen its presence in the L5… Continue reading Revfin Targets ₹5,000 Cr in EV Financing by 2027, Strengthens Leadership Team
TIL Limited Rolls Out 400th Hyster-TIL ReachStacker from Kharagpur Facility
TIL Limited, a Kolkata-based manufacturer of material handling and infrastructure equipment, has rolled out its 400th Hyster-TIL ReachStacker from its Kharagpur manufacturing facility. This marks a milestone in the company’s 14-year journey of producing ReachStackers since it first introduced the product line in 2010. According to the company, production has steadily grown from just three… Continue reading TIL Limited Rolls Out 400th Hyster-TIL ReachStacker from Kharagpur Facility
Isuzu Motors India Becomes Top Exporter of Commercial Vehicles in FY2024–25
Isuzu Motors India (IMI) has emerged as the leading exporter of commercial vehicles (CVs) from India for the financial year 2024–25. The company exported 20,312 vehicles during the year, marking a 24% increase over the previous year’s 16,329 units, according to figures released by the Society of Indian Automobile Manufacturers (SIAM). IMI has been among… Continue reading Isuzu Motors India Becomes Top Exporter of Commercial Vehicles in FY2024–25
Tractor Sales in India Likely to Touch 9.75 Lakh Units in FY26: CRISIL Ratings
According to CRISIL Ratings, domestic tractor sales in India are expected to reach approximately 9.75 lakh units in fiscal 2026, representing a 3-5% increase over the previous year. The projected growth is attributed to a combination of factors, including the likelihood of an above-normal monsoon, a possible increase in minimum support prices (MSPs) for key… Continue reading Tractor Sales in India Likely to Touch 9.75 Lakh Units in FY26: CRISIL Ratings
Goodyear to Review Farm Tire Business in India
Goodyear India Limited announced today that its ultimate parent company, The Goodyear Tire & Rubber Co., USA, intends to conduct a strategic review of the company’s farm tire business operations in India. The announcement came after a brief board meeting held on April 21, 2025, where directors noted the communication from the parent company regarding… Continue reading Goodyear to Review Farm Tire Business in India
Ducati Introduces 2025 Scrambler Full Throttle in India
Ducati India has launched the 2025 Scrambler Ducati Full Throttle across its dealerships in ten Indian cities. The motorcycle features a black and bronze color scheme and incorporates design elements inspired by flat track racing. The new model is equipped with an 803 cc l-twin engine, Termignoni exhaust, and lightweight chassis. It includes a 4.3-inch… Continue reading Ducati Introduces 2025 Scrambler Full Throttle in India
Supreme Group Acquires Full Ownership of Thailand Operation, Rebrands as Supreme Fostreon
Supreme Group, a global leader in advanced material technologies and engineered product solutions, has announced the complete acquisition of Supreme Feltol (Thailand) Company Limited by purchasing the remaining shares from minority shareholders. The company has been renamed Supreme Fostreon (Thailand) Company Limited, marking a significant development in the Group’s long-term strategy for Thailand. Supreme Group,… Continue reading Supreme Group Acquires Full Ownership of Thailand Operation, Rebrands as Supreme Fostreon
Hyundai Creta to Alcazar: Top 15 midsize SUVs in FY2025
Even as the surging demand for compact SUVs continues and they accounted for a near-50% share of the record 2.79 million utility vehicles sold in FY2025, there is a growing demand for bigger, feature-laden midsize SUVs. This is also reflected in the fact that there are five midsize SUVs – Hyundai Creta, Mahindra Scorpio, Maruti… Continue reading Hyundai Creta to Alcazar: Top 15 midsize SUVs in FY2025