TVS Motor Company completes acquisition of Norton

TVS Motor Company completes acquisition of Norton       TVS Motor Company, a reputed manufacturer of two-wheelers and threewheelers in the world, today announced the successful acquisition of Britain’s most iconic sporting motorcycle, “Norton”, in an all-cash deal for a consideration of GBP16 million by acquiring certain assets of Norton Motorcycles (U.K.) Limited (in administration) through one of TVS Motor’s overseassubsidiaries. This will be one of the most interesting acquisitions of a storied motorcycle maker in recent times and will reflect TVS Motor Company’s and India’s rapidly rising prominence…

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Ashok Leyland, Commercial Vehicle maker to get BS-VI certification for its Full Range of Heavy Duty Trucks

Ashok Leyland, Commercial Vehicle maker to get BS-VI certification for its Full Range of Heavy Duty Trucks     Ashok Leyland, flagship of the Hinduja Group, and one of the largest commercial vehicle manufacturers in lndia, becomes the first lndian OEM to meetthe 6s-VI emission norms across the full range of heavy duty trucks (GVW of 16.2T and above). Dr. N. Saravanan, Chief Technology Officer, Ashok Leyland, received the certificates, confirming compliance to 6s-VI emission standard, from Automotive Research Association of lndia (ARAI). ARAI is the leading automotive R&D organization…

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Maruti Suzuki goes greener with environment friendly BS6 compliant vehicles,and offers 5-year, 1-lakh km warranty for Premium Segment

Maruti Suzuki goes greener with environment friendly BS6 compliant vehicles,and offers 5-year, 1-lakh km warranty for Premium Segment   Highlights of BS6 Compliant vehicle First OEM to bring BS6 compliant vehicles in mass segment, ahead of statutory timelines Seven BS6 compliant models include industry best-sellers Half of Maruti Suzuki petrol range is BS6 compliant Aligned with Government’s vision of green and sustainable mobility Maruti Suzuki India Limited today announced that it has received enthusiastic response, from its customers, for the BS6 range of vehicles. The BS6 models offered by the…

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Maruti Suzuki’s Launches  CNG variant of Next Gen Ertiga will be available at Rs. 887,689/- lakhs

Maruti Suzuki’s Launches  CNG variant of Next Gen Ertiga will be available at Rs. 887,689/- lakhs     Launches CNG variant, only MPV in the country with factory-fitted CNG Grows 60% post launch of Next Gen Ertiga in November 2018 Over 8,000 units average monthly sales in the past four months The factory fitted CNG variant of Next Gen Ertiga will be available at Rs. 887,689/- lakh, exshowroom Delhi. The Next Gen Ertiga is high on safety. It is equipped with safety features such as dual airbags, high speed warning…

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Escorts Ltd Q1FY20 Profit at Rs 87.5 Cr EBIDTA at RS 142.4 crore

Escorts Ltd Q1FY20 Profit at Rs 87.5 Cr EBIDTA at RS 142.4 crore       Tractor volumes at 21,051 units Construction Equipment volumes at 1,067 units EBIDTA at Rs142.4 crore Profit at RS87.5 crore EPS a Rs 7.32 Escorts Limited today reported net profit of RS 87.5 crore in quarter ended June 30, 2019 as against a profit of RS 120.7 crore in corresponding quarter of the previous fiscal and as against RS 121.4 crore in sequential quarter. Revenue and Operations came at RS 1 423 crores as against…

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