Archive for May 1st, 2007
In what is billed as one of the largest overseas takeover deals in the auto component sector, Coimbatore-based Sakthi Auto Component (SAC), a subsidiary of Sakthi Sugars, has acquired Intermet Europe, a group of companies, from Intermet International US for e95 million (Rs 532 crore).
Intermet Europe, which owns and operates two plants in Germany and […]
Country’s largest two-wheeler manufacturer Hero Honda on Tuesday reported a 4.86 per cent increase in Hero Honda’s vehicle sales during April at 2,62,544 units as against 2,50,366 units in the same month last year. More
Courtesy:economictimes.indiatimes.com
India’s largest passenger car tyre exporter Apollo Tyres on Tuesday reported a 62 per cent jump in net profit to Rs 42.71 crore for the fourth quarter ended March 31, as compared to Rs 26.38 crore for the corresponding period a year ago.
The Apollo Tyres , which acquired the South African arm of Dunlop Tyres, […]
Bharat Forge, the world’s second largest forgings maker, said on Tuesday that it will set up a Rs 350 crore greenfield non-automotive parts manufacturing unit here, to foray into the US$ 20 billion global high technology components market.
The Bharat Forge plans to manufacture critical components for aircraft and helicopters, railway and locomotive sector, construction machinery, […]