Prime Minister Modi stated at the Rising Rajasthan Summit that India’s economic growth, driven by reform and performance, has attracted global investors. He emphasized the importance of a strong manufacturing base and highlighted India’s democratic values, demographic dividend, and digital…
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Speaking to during the Rising Rajasthan Global Investment Summit, Agarwal revealed that the massive investment will provide significant employment opportunities and foster industrial development.
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CEAT finalized a deal to acquire Michelin’s Camso off-highway tyre and track business for $225 million. This acquisition allows CEAT to enter the faster-growing, high-margin track segment, expanding its global presence with access to over 40 international OEMs and two…
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Ceat’s acquisition of Michelin’s off-highway tyre (OHT) brand Camso for USD 225 million is projected to boost Ceat’s margins. The deal will increase the share of OHTs, which have higher profit margins, from 15% to 25-30% of Ceat’s overall mix.…
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India’s November vehicle sales showed mixed results. Two-wheeler sales surged by 15.8 percent due to festive demand. However, passenger vehicle sales dropped by 13.72 percent. Commercial vehicle sales also dipped. Three-wheeler sales saw a modest rise. The industry remains cautiously…
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India’s industrial production likely rose 3.7% in October 2024, fueled by festive demand, according to a Union Bank of India report. This growth, though lower than October 2023’s 11.9%, was supported by improved rural and urban consumption and a recovering…
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