Tata Motors exports grow 11% at 5603 units in June
The Dollar Business Bureau The exports of Tata Motors have increased 11% with 5,603 vehicles shipped in the month of June 2016 when compared to 5,046 vehicles sold in the same month last year. The cumulative exports were marginally higher by 2% at 13,816 units sold in the fiscal, over 13,510 vehicles sold in the previous fiscal, the company said in a statement. Tata Motors has registered 14% and 22% growth in the company’s Light Commercial Vehicle (LCV) and passenger car segments respectively in June 2016. The overall sales including exports of passenger and commercial vehicles have surged up 8% with 44,276 vehicles sold in July 2016, against 40,869 sales in the same month last year. The cumulative sales (including exports) were higher 6% ...
Mahindra to invest Rs.700 cr to boost truck manufacturing
The Dollar Business Bureau Mahindra Truck and Bus Division, a part of $16.9-billion Mahindra Group that manufactures all variants of trucks, on Wednesday said that it will invest Rs.700 crore to bolster its commercial vehicle segment. Emphasising on the company’s visions, Rajan Wadhera, President and Chief Executive - Truck & Power Train - M&M Ltd, said, “The CV (commercial vehicle) industry has seen an upturn over the last few quarters which is a good sign. At Mahindra we have been steadily growing and are fully committed to our commercial vehicles business and taking aggressive steps to become a complete CV range player. “With planned investments and enhancement of our product portfolio, we look forward to ride the growth trajectory,” he added. ...
