Original Equipment Manufacturer

Sources tell CNBC-TV18 that the government is proposing a scheme where owners of commercial vehicles of over 15 years old should be given a chance to scrap their vehicles.

Euro depreciation won't dent profits: Motherson Sumi

Motherson Sumi's Chairman Vivek Chaand Sehgal says the company both buys raw materials and sells the finished goods in euro and may not be affected by a weaker euro. He adds that Motherson Sumi may instead benefit when cars are exported out of Europe.

Chennai rains to hit Dec output of auto cos: P Lilladher

Rohan Korde - auto analyst at domestic brokerage firm, Prabhudas Lilladher, says in the two-wheeler space, he is optimistic on Bajaj Auto despite the recent weakness in its export performance.

Exide Q1 net seen up 5% to Rs 160cr, margins may be stable

Exide Industries' first quarter revenue may rise 7.7 percent year-on-year to Rs 1,674 crore during the quarter as the company will benefit from demand uptick in 4-wheeler replacement battery segment and that will offset slowdown in original equipment manufacturer (OEM) batteries and industrial battery segment.

Tatra deal: BEML emphasised it was dealing with OEM

Public Sector Undertaking BEML had supplied Tatra trucks worth Rs 5,000 crore to the Army by procuring them from Tatra Sipox UK allegedly "emphasising" that it was dealing with a fully-owned subsidiary of the Czech manufacturers and not any agent or trading company, which was "false", CBI has alleged in its FIR.

Ravi Venkatesan: Wish we had responded to innovation sooner

Ravi Venkatesan, outgoing chairman of Microsoft India, tells Forbes India that his biggest regret is that he will not be a part of the big wave that will hit India in the next 18 months.