Automobile showrooms are going virtual, as automakers and dealers look for workarounds to exorbitant real estate cost and ballooning salaries.
Piaggio has been designing and producing electric two- and three-wheelers for more than 10 years in Europe,” Diego Graffi, managing director of the Indian arm of the Italian brand told ET.
The company unveiled its Eicher Pro 2000 series of light- and medium-duty trucks in two variants—Eicher Pro 2049 and Eicher Pro 2095XP.
The investment comes close on the heels of Bharat Forge’s announcement earlier this week of completing three tranches of investment and acquiring a 48% stake in electric two-wheeler startup Tork Motors.
BMW and Jaguar Land Rover said they will save costs through shared development, production planning and joint purchasing.
MSTC had earlier auctioned 13 cars belonging to Modi and his uncle Mehul Choksi on April 25 through its website..
Established in 2000, Indigo Paints is a relatively new entrant to the decorative paints industry that is dominated by the like of Asian Paints, Berger and Nerolac.
Bharat Forge has subscribed 1,895 equity shares of Tork of Rs 10 each at a premium of Rs 21,103 per share, the company said in an exchange filing.
Mahindra will be upgrading eight diesel and four petrol engines spread across over 50 products over the next 12 months.
India posted a 5-year low GDP growth figure for the last quarter of last fiscal at 5.8% with unemployment at 6.1%.
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