Motherson Sumi upsizes NCD issue to Rs 2,130 crores

By Shahkar Abidi 11 Sep 2020

As per the company, the proceeds from the NCD will be used to pre-pay the debt, thereby strengthening its balance shee...

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E-mobility Conference - Experts debate on how EVs step up the game in the post-Covid era

By Shahkar Abidi 09 Sep 2020

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Tata Motors aims to go debt-free in three years: N Chandrasekaran

By Shahkar Abidi 26 Aug 2020

The company, which has a net debt of Rs 48,000 crore, aims to significantly reduce debt by deleveraging the automotive...

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Challenging market conditions impact Rane Group’s US venture

By Shahkar Abidi 17 Jul 2020

Set up in 2016, Rane Light Metal Castings America has been sharply affected by the downturn in the US market as also t...

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Praj Industries forays into renewable chemicals and materials

By Shahkar Abidi 16 Jul 2020

The new portfolio, christened as Bio-Prism comprises diverse bio-industrial products.

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Indian automakers cut investments in loss-making EV subsidiaries

By Shahkar Abidi 07 Jul 2020

Tough times call for tough measures and cash conservation. That seems to be the case with some Indian firms which have...

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Lockdown in Aurangabad to impact automakers and suppliers

By Shahkar Abidi 07 Jul 2020

Week-long lockdown from July 10 in Maharashtra's Aurangabad district to impact local auto industry.

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Freudenberg India’s Georg Graf: ‘Lessons from 2008-2009 crisis taken, but Covid-19 impact is much more.’

By Shahkar Abidi 02 Jul 2020

Georg Graf, Freudenberg's Regional Representative (India), is looking at lessons learnt during the 2008-2009 crisis to...

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Two-wheeler sales in June down 27% but better times likely in FY2021

By Shahkar Abidi 02 Jul 2020

The onset of a normal monsoon and pent-up demand should provide the fillip for improved numbers down the line.

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TVS Motor sells 144,817 two-wheelers in June, down 36% YoY

By Shahkar Abidi 01 Jul 2020

The company has resumed its operations in a graded manner across all its factories in Hosur, Mysore and Nalagarh.

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