Gabriel to buy 30% stake in HL Klemove India for Rs 948 crore
This will mark Gabriel's entry into the autonomous driving and automotive electronics business in India.
This will mark Gabriel's entry into the autonomous driving and automotive electronics business in India.
This is a related-party transaction because the stake is being purchased from its promoter.
Rakesh Sharma noted that KTM returned to EBITDA breakeven in the April-June quarter.
The automaker expects demand to sustain going forward.
The company’s current installed capacity is 7.2 million units per annum.
By the start of this year’s festival season, Bajaj Auto is looking to a new and upgraded two-wheeler portfolio.
The automaker did not say whether the planned upgrades would cover its entire 125-160cc portfolio or specific models.
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