Sales of commercial vehicles declined 24.51 per cent in June to 31,384 units from 41,577 units a year ago.
Commercial vehicle maker Ashok Leyland, part of the London-based Hinduja Group, is to enter Britain's mid-range truck market through a tie-up by its Prague-based subsidiary, Avia Ashok Leyland.
Force Motors marked its entrance into the Passenger Vehicle segment by introducing Force One SUV in August this year.
More than three years after Tata Motors and Iveco, a Fiat Group company, signed a comprehensive agreement to jointly explore opportunities in the area of commercial vehicles, the plan has largely remained in cold storage. In February 2007, Tata Motors and Iveco signed a memorandum of understanding (MoU) for potential developments in engineering, manufacturing, sourcing and distribution of products and components.
'You have to be good in your project that's releasing today for you to be working on something tomorrow. That will always be the case.'
M&M's profit before tax from the farm equipment segment rose 31% last year to Rs 2,562 cr
Engagement with neighbours is a strategic imperative, and not an option, asserts Rup Narayan Das.
