There was a rumour few months back that Kubota will buyout Nanda family. What has instead happened is that Kubota has decided to invest fresh and become a joint promoter with Nandas. Key points to note – Kubota is investing Rs 1,873 crore into Escorts at a price of Rs 2,000/ share. As per regulations, … Read more
When everyone is going aggressive on Electric Vehicles (EVs), Maruti Suzuki India (MSI) continues to focus greater and greater on CNG cars. It expects it’s CNG car sales to almost double this fiscal year over 2020-21. Key points to note – Around 1.9 lakh CNG cars were sold in the country in FY 21 with … Read more
Mahindra’s latest offering XUV 700 gets another boost – receives a 5 star adult safety rating from Global NCAP. It got 4 star for child occupant protection. “The model has received the highest combined safety score (adult + child) of 57.69 out of a total of 66.00 among the Indian vehicles tested so far by … Read more
The automaker who is traditionally knows for fuel guzzling SUVs and CVs has announced it’s intention to diversify towards the Electric Vehicles (EV). Key point to note – The Company targets to launch 8 new Electric SUVs and 8 new Electric Light Commercial Vehicles by 2026. It is targeting to invest Rs 3,000 crore towards … Read more
Sundaram Finance Holdings (SFH) is putting in further 2 million Euros in it’s portfolio company Mind S.r.l., Italy (MSI), to augment the working capital needs and for further growth. Key points to note – MSI manufactures carbon fibre components for the automotive industry in Europe. SFH had acquired 40.6% stake in MSI last year for … Read more
The ongoing chip shortage is likely to moderate passenger vehicle sales growth to 11-13 per cent this fiscal, down from the earlier volume growth forecast of 16-17 per cent, delaying the industry recovery as the waiting period is increasing amid strong demand due to production curbs, says a report. The semiconductor shortage will lead to … Read more
Apple supplier and the world’s biggest contract electronics manufacturer Foxconn, the world’s largest contract electronics producer is reportedly planning to unveil its first electric vehicle ‘FOXTRON’ in a few days’ time – precisely on October 18. According to couple of teasers released by Original Device Manufacturer (ODM), the front view of the new car has … Read more