Just a few days ago the National Green Tribunal ordered for a cleaner Delhi, post which the Haryana government decide to register only vehicles with low emission BS-IV engines.
Akhil Gupta of Blackstone explains to CNBC-TV18 the various aspects of the deal inked to purchase a stake of 12.5 percent in International Tractors Ltd for around Rs 520 crore.
Auto remains one of the most beaten down spaces. In agreement to the same, Pawan Goenka, president of the automotive sector at M&M said while rising interest rate remains a concern for the auto and tractor segments, passenger vehicles too might see sluggish growth going forward. "For FY12, our growth target stands at 11-13%," he said.
Force Motors wants to emerge as a force to reckon with. Not only did it diversify and launch its first SUV today but the auto manufacturer has also announced Rs 1,000 crore investment plan for its passenger, commercial vehicle and tractor business, reports CNBC-TV18’s Swati Khandelwal Jain.