Auto Component Suppliers Sit On Rs 98,000 Crore Inventory

Aditya Birla Group Launches Ultravolt Wires And Cables Business

Aditya Birla Group has entered the wires and cables market through Ultravolt, extending UltraTech's move from building materials into building solutions. The shift builds on UltraTech Building Solutions, a multi-category platform that already addresses customers across different stages of construction and extends beyond cement into ready-mix concrete, waterproofing, tile-fixing solutions and mortars. The company intends to enter with scale, seeking presence across 100,000 retailers in more than 500 districts and availability through 5,000 plus UltraTech Building Solutions (UBS) outlets. The po..

Tamil Nadu Shortlists Two Sites For Second Chennai Airport

The Tamil Nadu government has shortlisted two sites near Chennai for a proposed second airport, and officials have submitted the findings of a preliminary study to the Airports Authority of India (AAI). The locations are Cheyyur in Chengalpattu district, about 100 km south of Chennai, and Manellore near Gummidipundi in Tiruvallur district, about 50 km north-northwest of the city. Both sites were identified within a week after the administration decided to drop the earlier Parandur plan on environmental grounds. State officials recommended that the AAI carry out feasibility studies and indicate..

Hyundai Motor India Targets 30 Per Cent Rural Sales

Hyundai Motor India Ltd expects rural markets to account for 30 per cent of its total sales within three to four years, the managing director and chief executive officer Tarun Garg said. The company is planning two new products in the segment, a mid-size sport utility vehicle and a compact electric sport utility vehicle, which are expected to support the push into smaller towns and villages. HMIL is intensifying its rural focus through network expansion and targeted aftersales services. In the first quarter of the fiscal year, rural contribution reached 25.9 per cent, up from 22.6 per cent in ..