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TVS Motor to broaden electric bike range in next year
TVS Motor?s intention to broaden its electric two-wheeler range in the coming year, aiming to serve customers across various price ranges. The company, headquartered in Chennai and currently offering two e-scooters, also has plans to expand its sales infrastructure for electric vehicles in the future.
Additionally, TVS Motor Company is in the process of developing an electric three-wheeler. During an analyst call, K N Radhakrishnan, Director and CEO of TVS Motor Company, stated, "We are also planning to launch a series of products in the range of 5 to 25 kilowatts in the next year."
Social arm of TVS Motor to invest Rs 100 mn in water conservation
The social arm of TVS Motor Company, Srinivasan Services Trust and Sundaram-Clayton Ltd. two of the world's largest automakers, has invested more than Rs 210 million in water conservation initiatives in Tamil Nadu and Maharashtra over the past six years, the firm announced. According to the corporation, Srinivasan Services Trust further intends to invest more than Rs 100 million in water conservation projects over the next three years.
According to a news statement from the Trust, it has completed 350 projects, including the desilting of tanks and irrigation channels which has ..
Automobile company’s shares surge after govt cut excise duty on fuel
Shares of automobile manufacturers got a boost after the government slashed excise duty on fuel and imposed an export duty on steel inputs.
Two-wheelers, in particular, are high on investors' radar as they could profit the most from the government actions. Hero MotoCorp, Ashok Leyland, and Bajaj Auto are the top choices of analysts' after the government's move. The Bombay stock exchange (BSE) Auto index acquired the most among sectors on Monday, ending up 1.9% at 25,355.47. The Auto index gains were led by Ashok Leyland, Maruti Suzuki India, and Mahindra &..
NCLAT Halts ATS Projects' Insolvency
The National Company Law Appellate Tribunal (NCLAT) has intervened to halt the insolvency process of ATS Projects, a significant development in the ongoing legal proceedings. This decision comes amidst the insolvency proceedings initiated against ATS Projects, which had faced financial challenges in recent times.
The NCLAT's decision to halt the insolvency process reflects a significant development in the legal proceedings concerning ATS Projects. This intervention underscores the complexity of the case and the need for careful consideration of all aspects before proceeding further with..
IL&FS Seeks MMRDA Approval for Mumbai HQ Transfer
IL&FS (Infrastructure Leasing & Financial Services) has initiated steps to secure fresh approval from the Mumbai Metropolitan Region Development Authority (MMRDA) for the transfer of its headquarters in Mumbai. This move signifies the company's commitment to streamline its operations and realign its corporate infrastructure.
The decision to seek renewed approval from MMRDA comes amid IL&FS's efforts to optimise its resources and enhance operational efficiency. The proposed transfer of its headquarters reflects IL&FS's strategic real estate management approach aimed at consolidating its ..
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