India's rapidly ageing truck fleet, with 42% of vehicles over 12 years old, is set to trigger a replacement-driven growth of 3-5% annually over the next five years.
Excess earnings of unlisted companies over and above their interest costs are at a record level. The interest-coverage ratio of 2.94 is the highest going back to 1990-91, according to numbers from the Centre for Monitoring Indian Economy (CMIE). The ratio measures earnings relative to every rupee to be paid as interest on outstanding debt.
Daimler India Commercial Vehicles, subsidiary of Daimler, Germany, has relaunched itself in the Indian market.
The COVID-19 case fatality rate stood at 1.44 per cent.
By designing trucks just for the Indian market, the vaunted German auto maker is about to start what analysts are calling a 'bloodbath' in the industry.
Skoda Auto, Volvo Cars and Daimler India Commercial Vehicles are not participating in the Expo.
From the new facility, buses would be rolled out from the second quarter of 2015
Finance Minister Nirmala Sitharaman on Tuesday unveiled a Rs 39.45 lakh crore Budget with a view to fire up the key engines of the economy to sustain a world-beating recovery from the pandemic. This was Sitharaman's fourth Budget. While the taxpayers were left in the lurch, once again, was she able to cheer Corporate India?
Germany's Daimler AG, known for its luxury cars and high-end commercial vehicles, has pulled out of the race to acquire a strategic stake in the Delhi-based commercial vehicles maker Eicher Motors.
Tamil Nadu has cornered around 18.63 per cent of the fresh investments in Q1FY21 and topped the list of state-wise investments. These investments should help create over 67,212 jobs.
The traffic tells a story. During the lockdown, it took 45 minutes to zip through the deserted 35-km stretch from Chennai to reach the automobile heart of Sriperumbudur-Oragadam, where the big names of the car industry - Hyundai Motor India, Renault-Nissan India, Daimler India Commercial Vehicles, Apollo Tyres, and Royal Enfield - are based.
Chief executives in the real estate, consumer products, automobiles, construction, and textile sectors said they were all expecting workers to re-join in the next 45-60 days, which would help them ramp-up production from July.
The industry said if the policy was announced, it would have taken 28 million vehicles bought before March 2005 off the road.
Even as domestic passenger car sales declined 29.4 per cent between April and August this year, exports grew 6.5 per cent, partially cushioning the blow from slowing sales.
New age diagnostic tools come in handy for BharatBenz to predict repair needs and breakdown in advance.
Schools closed for a day, crops damaged; more downpour on cards
Production at every automotive facility, offices of information technology firms and retail establishments in the state remained shut on Tuesday as a mark of respect to the late chief minister.
Logistics, due to road conditions, continues to pose a challenge.
Experts say poor city planning and inefficient administration turned an unusually high rainfall into a disaster.
Theatre is not about having all the answers. It's about raising the right questions that take you into a zone of reflection, says Aruna Ganesh Ram, founder, Visual Respiration.
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