Jul 01, 2021 04:40 PM IST
The fortunes of Subros are directly linked to the growth of the passenger vehicle industry. Though the first quarter of FY22 is expected to be impacted by the second wave of COVID, the outlook for the remaining fiscal seems encouraging. The company management has indicated that the demand is expected to pick up post-easing of lockdown restrictions in various states. At the current valuation of 17.9 times FY23 projected earnings, the stock looks attractive.
- May 26, 2020 12:41 PM IST
Commenting on the feat, JK Tyre Chairman and Managing Director Raghupati Singhania said, “As a pioneer and market leader, we remain committed to driving innovation and bringing products for our fleet customers that are high on efficiency, safety and cost effectiveness”.
- May 10, 2020 08:26 PM IST
From fruits and vegetables worth Rs 9 crore in 300 trucks getting rotten to an exorbitant entry fee at some state borders, many truckers are a hassled lot despite guidelines
- May 06, 2020 01:01 PM IST
The virus, economic uncertainty and overlapping guidelines keep truckers away from work.
- Apr 16, 2020 05:03 PM IST
The MHA guidelines issued on April 15 allowed movement of all trucks and other goods and carrier vehicles. An empty truck or vehicle will be allowed to ply after the delivery of goods or for pick-up of goods.
- Apr 18, 2018 02:59 PM IST
From around 31 network points in the first quarter of last year, Ashok Leyland increased it to 187 by end of the year in northern India
- Nov 21, 2017 02:32 PM IST
Ferrying of coal in uncovered vehicles and rail wagons is said to be one of the key reasons behind high pollution levels along the transportation route from coal mine or importing sea port to user plants like power generation houses.
- Aug 06, 2017 11:20 AM IST
The National Green Tribunal has directed three public sector oil companies to submit complete information regarding 10-year-old diesel trucks they use to transport fuel and asked them to produce scrapping certificate to prove that they have dismantled their old vehicles
- Feb 08, 2017 05:05 PM IST
World‘s largest forging company Bharat Forge on Wednesday said that it is expecting accelerated revenue from non-auto segments like defence, railways, aerospace in the coming quarters aimed at becoming net debt free next year.
- Feb 07, 2017 10:14 PM IST
A high level government delegation headed by cabinet secretary PK Sinha, will be meeting on February 9 to decide on scrappage policy for trucks.
- Feb 03, 2017 02:44 PM IST
In an interview to CNBC-TV18, Vineet Agarwal, MD of Transport Corporation of India said that dividend income from group companies aided other income.
- Jan 14, 2017 03:28 PM IST
Freight rates for nine tonne load section improved by Rs 1,000 in the local truck transport market today on tight position of trucks against busy cargo movements.
- Jun 06, 2016 10:42 AM IST
Company's overall capacity (bus and trucks) is 5000 per month and it aims to take it to 7000 per month by the year end, says Vinod Aggarwal of Eicher Motors to CNBC-TV18.
- May 10, 2016 01:44 PM IST
Automotive Tyre Manufacturers' Association has filed application on behalf of domestic players -- J K Tyre Industries Ltd, Ceat Ltd and Apollo Tyres Ltd -- for initiation of an anti-dumping investigation and imposition of the duty on the imports.
- Nov 23, 2015 03:09 PM IST
The brokerage states that although the comopany has done well over the past few years by diversifying into non-auto businesses, its overall cyclical exposure remains quite high. The company still derives 45 percent of its revenue from CVs and 10 percent from oil & gas.
- Nov 06, 2015 09:25 PM IST
Trucks and other commercial vehicles entering Delhi will now have to pay Economic Compensation Charge as the toll contractor of South Delhi Municipal Corporation has agreed to collect the green tax, along with toll tax, from midnight today as per direction of the Supreme Court.
- Oct 17, 2015 04:19 PM IST
The automaker is recalling about 3,300 pickup trucks and SUVs, mainly in North America due to an ignition switch problem.
- Aug 08, 2015 02:52 PM IST
Transporters said besides restricted cargo movements, ample position of trucks in the markets, largely kept freight rates at previous levels.
- Aug 01, 2015 03:18 PM IST
Transporters said tight cargo movements against easy availability of trucks in the markets, mainly pulled down some of centres freight rates.
- Jul 22, 2015 11:30 AM IST
Morgan Stanley remains overweight on it and expects sales of apparel and accessories to improve share of merchandise revenues from the current level of only 2 percent.
- Jul 01, 2015 03:57 PM IST
Eicher branded trucks and buses have recorded total sales of 4,063 units in June compared with 4,187 units in the same month last year, down 2.96 percent, the company said in a statement.
- Jun 30, 2015 01:38 PM IST
With an active presence in 20 African countries, Mahindra and Mahindra hopes the aggressive expansion will help spur a 10-fold increase in business over the next five to seven years.
- May 27, 2015 10:15 PM IST
Daimler India is following Prime Minister Modi's Make in India mantra. The company will soon be rolling out its new line of Bharat Benz buses from a facility near Chennai at an investment of Rs 425 crore. So what prompted Daimler to expand its manufacturing operations in India? CNBC-TV18's Jude Sannith reports.
- Feb 06, 2015 11:43 AM IST
Speaking to CNBC-TV18 post Q3 earnings, CFO A Subba Rao said the company is not seeing any unusual inventory build-up. The midcap company reported flat domestic volume in Q3.
- Jan 02, 2015 03:50 PM IST
Steel Strips that manufactures automotive steel wheels is looking at a volume growth of 16-18 percent for the full year and turnover of around 15-16 percent.