Ashok Leyland Aims to Boost Market Share and Expand Presence in North India
Hinduja Group flagship Ashok Leyland is targeting a market share of 30 per cent in the medium and heavy commercial vehicle (M&HCV) segment in North India over the next 2–3 years. The company also plans to expand its presence in the region by establishing a workshop every 50 kilometres during the coming years.In FY25, Ashok Leyland held a market share of nearly 26 per cent in North India’s M&HCV segment, with volumes of around 33,000 units. Its market share stood at over 40 per cent in South India, above 35 per cent in West India, and close to 24 per cent in East India. Overall, ind..
Hindalco Acquires US-based Specialty Alumina Maker AluChem for $125 mn
Hindalco Industries has acquired 100 per cent equity stake in US-based specialty alumina manufacturer AluChem Companies for $125 million. The acquisition is being executed through its stepdown wholly owned subsidiary, Aditya Holdings. The deal represents a major investment in specialty alumina and is seen as a key move towards scaling Hindalco’s high-value, technology-led materials portfolio.The acquisition aligns with Hindalco’s global strategy to strengthen its position in value-added, high-tech materials and is expected to accelerate the development of sustainable, future-ready solution..
Gorakhpur Airport to Get New Terminal and Expanded Runway
The Gorakhpur airport is set to enhance its infrastructure with the addition of a new terminal building and the expansion of its runway. On Tuesday, a memorandum of understanding (MoU) was signed between the Airports Authority of India (AAI), the Indian Air Force (IAF), and the Government of Uttar Pradesh for developing a new civil enclave at the airport.Under the agreement, the Indian Air Force will provide 44 acres of land for the construction of a modern terminal and the runway expansion, while the state government will offer an equivalent parcel of land at another location as compensation...
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