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Ashok Leyland to spend 'normal' capex of Rs 600-750 crore in FY24 after two years of tightening

Ashok Leyland to spend 'normal' capex of Rs 600-750 crore in FY24 after two years of tightening

Shahkar Abidi     calendar23 May 2023

According to Shenu Agarwal, the development should be viewed in the context of the industry's volume growth trends, which will now necessitate some debottlenecking to improve operational efficiency.

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Varroc Engineering bags Rs 5,178 crore in new order wins, including Rs 1,797 crore from key seven EV customers News
Varroc Engineering bags Rs 5,178 crore in new order wins, including Rs 1,797 crore from key seven EV customers

autherAutocar Professional Bureau calendar23 May 2023

Tarang Jain, Chairman and Managing Director, Varroc, said, “Automobile production in India during Q4 FY23 grew on a Yo...

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Lumax Auto Technologies Aftermarket Division enters lubricant and coolants market News
Lumax Auto Technologies Aftermarket Division enters lubricant and coolants market

autherAutocar Professional Bureau calendar23 May 2023

These will be available across the 25,000 retail partners and distributed through a strong market network of over 340 ...

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Continental continues divesting majority of its activities in Russia, sells plant to S8 Capital News International
Continental continues divesting majority of its activities in Russia, sells plant to S8 Capital

autherAutocar Professional Bureau calendar23 May 2023

Continental continues to own shares in the joint venture with Russian company Mettem for the production of tachographs...

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Tata Motors Finance launches dedicated IT Infrastructure Development Centre to bolster go to market pilot projects News
Tata Motors Finance launches dedicated IT Infrastructure Development Centre to bolster go to market pilot projects

autherAutocar Professional Bureau calendar23 May 2023

The centre will contribute towards developing multiple go-to-market pilot projects and building tech solutions and pla...

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Ashok Leyland Q4 PAT down 17% at Rs 751 crore News
Ashok Leyland Q4 PAT down 17% at Rs 751 crore

autherAutocar Professional Bureau calendar23 May 2023

The company had posted a PAT of Rs 901 crore in the same quarter year ago. 

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EXCLUSIVE: Simple Energy to invest over US$ 100 million in its EV business News
EXCLUSIVE: Simple Energy to invest over US$ 100 million in its EV business

By Amit Vijay M calendar23 May 2023

The company today officially launched its maiden electric 2-wheeler, the Simple ONE at Rs 1,45,000, without the charge...

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EXCLUSIVE: Simple Energy to invest over US$ 100 million in its EV business News
EXCLUSIVE: Simple Energy to invest over US$ 100 million in its EV business

By Amit Vijay M calendar23 May 2023

The company today officially launched its maiden electric 2-wheeler, the Simple ONE at Rs 1,45,000, without the charge...

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ALD Autmotive acquires LeasePlan, Suvajit Karmakar appointed as Country Managing Director News
ALD Autmotive acquires LeasePlan, Suvajit Karmakar appointed as Country Managing Director

autherAutocar Professional Bureau calendar23 May 2023

The acquisition establishes the merged entity as the foremost worldwide sustainable mobility provider, overseeing a to...

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ALD Autmotive acquires LeasePlan, Suvajit Karmakar appointed as Country Managing Director News
ALD Autmotive acquires LeasePlan, Suvajit Karmakar appointed as Country Managing Director

autherAutocar Professional Bureau calendar23 May 2023

The acquisition establishes the merged entity as the foremost worldwide sustainable mobility provider, overseeing a to...

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POLL OF THE MONTH

Can GST Cuts Give Long-term Boost to Auto Sales?

Can GST Cuts Give Long-term Boost to Auto Sales?

Yes

 

65.21%

No

 

34.79%

Total Votes : 917