Chennai

TAFE locked in legal battle with US’ AGCO Corporation over use of tractor brand Massey Ferguson in India

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TAFE locked in legal battle with US’ AGCO Corporation over use of tractor brand Massey Ferguson in India

Chennai-based Tractors and Farm Equipment Ltd (TAFE) is locked in a legal battle with US agricultural machinery manufacturer AGCO Corporation regarding the use of tractor brand Massey Ferguson in India. On Monday, NYSE-listed AGCO ‘terminated’ several agreements with TAFE, including the licence agreement of the Massey Ferguson brand in the Indian subcontinent despite a stay … Read more

Tata Motors: Tamil Nadu CM Stalin lays foundation stone for Tata Motors’ Rs 9,000 cr manufacturing plant in state

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Tata Motors: Tamil Nadu CM Stalin lays foundation stone for Tata Motors’ Rs 9,000 cr manufacturing plant in state

Tamil Nadu Chief Minister M K Stalin on Saturday laid the foundation stone for a new manufacturing facility of auto major Tata Motors here entailing investment of Rs 9,000 crore. The ground breaking ceremony was held at Panapakkam in this district, about 115 km from Chennai. The facility is expected to generate 5,000 new jobs. … Read more

Ceat commissions new line at Chennai plant to produce truck, bus radial tyres

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Ceat commissions new line at Chennai plant to produce truck, bus radial tyres

New Delhi, Tyre maker Ceat on Wednesday said it has commissioned a new line for rolling out truck and bus radials at its Chennai-based manufacturing plant. The new line will progressively reach a production capacity of 1,500 tyres daily over the next 12 months and marks a significant milestone in the company’s drive to expand … Read more

Classic Legends to open 200 Jawa-Yezdi showrooms every year

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Classic Legends to open 200 Jawa-Yezdi showrooms every year

Chennai: Classic Legends, a subsidiary of Mahindra and Mahindra Ltd, and retailers of Jawa and Yezdi range of motorcycles in India has announced plans to open 200 retail showrooms every year, a top official said on Saturday. Classic Legends was also gearing up to launch the popular BSA range of motorcycles on August 15, company … Read more

Wheels India Ltd: Wheels India records 64.3 per cent rise in Q4 net at Rs 36.8 crore

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Wheels India Ltd: Wheels India records 64.3 per cent rise in Q4 net at Rs 36.8 crore

Wheels India Ltd has reported a 64.3 per cent rise in its net profit for the January-March 2024 quarter at Rs 36.8 crore on the back of exports doing well, the company said. The Chennai-based manufacturer of wheels for trucks, agricultural tractors, passenger vehicles had registered a net profit of Rs 22.4 crore during the … Read more

TVS Supply Chain clinches deal to manage VE commercial vehicles’ Baggad plant

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TVS Supply Chain clinches deal to manage VE commercial vehicles’ Baggad plant

TVS Supply Chain Solutions Ltd has secured a new deal from VE Commercial Vehicles to manage their in-plant warehousing and logistics operations in Madhya Pradesh, the company said on Wednesday. As per the contract valid for three years, TVS Supply Chain Solutions would manage the warehousing operations at the Eicher Bus Factory of VE Commercial … Read more

Volkswagen strengthens retail footprint with new store in Tamil Nadu

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Volkswagen strengthens retail footprint with new store in Tamil Nadu

German automaker Volkswagen has inaugurated a new store in the city under its expansion drive in the state, strengthening its retail presence in the country. With the setting up of a new outlet at Ambattur in the city, the total network for the automobile major stands at 26 sales and 20 service facilities in Tamil … Read more

Ashok Leyland posts 7% dip in sales in March

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Ashok Leyland posts 7% dip in sales in March

Hinduja Group flagship company Ashok Leyland has reported a seven per cent decline in its vehicle sales made in March at 21,317 units. The city-headquartered heavy commercial vehicle maker had sold 22,885 units during the same month of last year. Ashok Leyland had sold 14,517 units of medium and heavy commercial vehicles in March 2024 … Read more

Rolls-Royce drives in Spectre; dealer expects luxury car sales to grow in India

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Rolls-Royce drives in Spectre; dealer expects luxury car sales to grow in India

Sales of ultra luxury car brands like Rolls-Royce are set to be on the growth path only in India with the economy expected to expand further enabling a new set of customers for such models, as per Select Cars CEO Yadur Kapur. Select Cars is the principal dealer of various luxury car brands in the … Read more

Ford likely to make a comeback India market with Endeavour

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Ford likely to make a comeback India market with Endeavour

As per industry sources, Ford aims to revive sales by bringing back the Endeavour, contemplating both local assembly in Chennai and direct imports. The company could import fully-built cars without homologation, staying competitive against rivals like the Toyota Fortuner while gearing up for local production in 2025.Ford’s Plant DilemmaHaving retained its Chennai factory despite earlier … Read more