Honda Cars today said it will replace driver side airbag inflators in 57,676 vehicles of previous generation of City, Jazz and Civic in India.
The company is also examining possibilities of assembling vehicles locally in emerging economies to deliver cost-competitive products.
For commercial vehicle makers, the revenue opportunity from the ecommerce boom is projected at as high as $500 million over the next three to four years.
Despite weak sales outlook, company would continue to maintain EBITDA: Ravi Sud, senior VP & CFO, Hero MotoCorp
Ravi Sud tell in an interview that the company would continue to maintain EBITDA on same lines going ahead.
Amtek Auto today reported net loss of Rs 132.15 crore for the third quarter ended December 31, 2015 as compared to net profit of Rs 70.81 crore posted in the corresponding period of the last financial year.
The country’s largest two-wheeler maker Hero MotoCorp today reported a 36.5 per cent increase in standalone net profit at Rs 795.81 crore for the third quarter.
Net sales during the period under review stood at Rs 4,029.45 crore as against Rs 3,290.62 crore in the year-ago period, up 22.45 per cent.
Cumulative wholesales for this fiscal stood at 847,661 units, higher by 7 per cent over the same period last fiscal.
The company’s consolidated revenues stood at Rs 9,676 crore during the quarter as against Rs 8,950 crore in the year-ago period.
Meet CV Raman, the man behind Maruti Vitara Brezza, a vehicle that was designed in India in response to a challenge by Suzuki
The Vitara Brezza is a major milestone for Maruti – it’s the first vehicle by the company to be conceptualised, designed, developed and validated in India.
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