While sales of passenger cars in the national capital grew by over 12% last fiscal, those of utility vehicles went up by 1.5%.
However, he will continue to hold 32,500 shares, 0.02 per cent of the paid-up capital, as an individual shareholder.
Procedure for off-cycle emissions are being worked out by the ministry of road transport & highways (MoRTH) and the ministry of heavy industries.
The court indicated it may also decide whether any cost advantage a diesel vehicle has against a petrol-driven one needs to be neutralised through a charge.
Escorts will focus on core verticals in the agri machinery, construction equipment and railway equipment space.
Motherson Sumi today reported a 13% increase in net profit at Rs 303 crore for the first quarter ended June 30, 2016.
Sales of utility vehicles rose by 41.85% to 64105 units. Those of passenger cars increased by 9.62% to 177604 units in July.
In new pricing, Ford Aspire’s Titanium (+) variant will be available at Rs 680,150 (ex-showroom Delhi, petrol) and Rs 789, 850 (ex-showroom Delhi, diesel).
Besides, Hero MotoCorp said it has appointed Neerja Sharma as the Company Secretary and Chief Compliance Officer.
Gujarat and Maharastra have been short listed for setting up the facility, which will commence operations by early 2018.
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