JBM Group expects Rs 2,000 crore revenue and 30 percent topline growth in FY17, says the company's Executive Director Nishant Arya.
At least ten passengers were killed and six others feared dead when a bus fell into a pond along the state highway in Bihar's Madhubani district today.
Expenditure on air transport is negligible in rural areas while air transport accounts for 2.53 percent of all transport expenditures in urban areas.
As per the AAP government's plan, dedicated bus lanes will be created in major roads across the national capital.
Vinod Aggarwal, chief executive officer- commercial vehicles, Eicher Motors, says the company has seen a 25 percent growth in bus business in the first five months of the year.
Earlier, former Chief Minister and AGP leader Prafulla Kumar Mahanta raised the issue of not decreasing fares, freight charges and food items despite drastic fall of petrol and diesel prices in the last couple of months.
Nishant Arya, executive director, JBM Group, says the company has invested Rs 500 crore at the group level for the business and is funding the same through internal accruals and debt.
A circular is also being issued for asking officers in the Ministry of Petroleum and Natural Gas as well as 14 public sector firms under the ministry like ONGC and IOC to take public transport every Wednesday.
Swedish bus and truck maker Scania has forayed into the engine segment in India by launching power generation engines. The company will also offer marine and industrial engines through its network.
Atleast 37 people were killed when a bus on its way from Goa to Mumbai fell into a river near the Khed junction in Ratnagiri district of Maharashtra on Tuesday morning.
Prime Minister Manmohan Singh today directed Home Minister Sushilkumar Shinde to ensure sense of security in Delhi and see that incidents like last Sunday's gang-rape do not recur.
Commercial vehicle maker, Volvo is betting big on India. Speaking exclusively to CNBC-TV18 Olof Persson, President & Global CEO, Volvo Group, said the company would continue to invest in India.
Managing director Vinod Dasari said, while it may be difficult, they will be able to maintain margins over 10%.
According to the data released by the Society of Indian Automobile Manufacturers (SIAM), motorcycle sales last month went up by 6.71 per cent to 9,36,122 units from 8,77,270 units in the same month previous year.
A bus carrying about 50 passengers has been washed away by the flash floods in Bankura in West Bengal. Reports said that 45 passengers have been rescued and the rest are still missing.
The Indian unit of General Motors expects to stop production at its plants for one day a week until the festive season, due to slow demand, its head said on Thursday.
India's second largest commercial vehicle maker Ashok Leyland has won an order from Bangladesh Road Transport Corp to supply 88 air conditioned buses.
Commercial vehicle maker Ashok Leyland has supplied 100 Falcon buses to Ghana in an order worth USD 7.6 million.
VE Commercial Vehicles, a 50-50 joint venture between Eicher Motors and the Volvo Group, sold 3,708 units in January, up just 5% year-on-year, as growth in heavy duty trucks segment was offset by fall in light truck sales.
Hinduja Group owned commercial vehicle maker Ashok Leyland is raising its stake in British bus maker Optare Plc to 75.1% following a re-financing agreement. Ashok Leyland had acquired a 26% stake in Optare in July 2010 aimed at a long-term strategic partnership.
Eicher Motors’ total truck and bus sales rose 34% year-on-year to 4,152 units in July, boosted by strong sales across segments.
Volvo Eicher Commercial Vehicles, a joint venture between India’s Eicher Motors and Sweden’s Volvo, said truck and bus sales rose 25% year-on-year to 3,515 units in May.
Guwahati/Golaghat, May 31 (PTI) Thirty-six people were killed and 17 others injured in two road mishaps in Assam where a bus carrying a marriage party fell into a pond and an oil tanker caught fire this morning.