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Somany Ceramics terminates JV agreement with Keraben Grupo S.A.

The company has terminated JV agreement from June 1, 2017 Somany Ceramics has terminated Joint Venture (JV) agreement with Keraben Grupo S.A. (formerly known as Keraben S.A.) with effect from June 1, 2017. The agreement was entered in 2006 between Keraben S.A. (now known as Keraben Grupo S.A.) (Keraben) a ... Read More »

Eicher Motors’ JV reports 20.8% fall in May sales

Eicher Motors’ joint venture (JV) – VE Commercial Vehicles has reported 20.8 percent decline in total sales at 4,573 units in May. The company had sold 5,771 units in the same month last year. In the domestic market, Eicher brand posted sales of 3,953 units as against 4,705 units in ... Read More »

Tata Power’s TPDDL inducts 42 e-scooters as complaint-redress vehicle

Tata Power Delhi Distribution (TPDDL), a joint venture (JV) of Tata Power and the Government of Delhi, has inducted 42 electric scooters (e-scooters), 8 e-rickshaws and 3 compact CNG tower wagons in its maintenance fleet. In congested city areas, the e-scooters help reach destinations faster round the clock. These scooters ... Read More »

Eicher Motors to invest Rs 1,250 crore in two-wheeler, CV business in FY18: Report

Eicher Motors is reportedly planning to invest about Rs 1,250 crore across its two-wheeler and commercial vehicle (CV) businesses during 2017-18. Of total, the company will allocate Rs 800 crore investments for Royal Enfield and Rs 450 crore for VECV’s commercial vehicle business growth. Royal Enfield’s third manufacturing facility is ... Read More »

Thomas Cook India’s arm enters into JV agreement with DER Touristik Group

Thomas Cook India’s wholly owned subsidiary- Travel Corporation (India) has entered into Joint Venture (JV) Agreement with DER Touristik Group to form a Joint Venture Company ‘TCI Go Vacation India’ to be operational from Delhi NCR. Thomas Cook (India) is the leading integrated travel and travel related financial services company ... Read More »

Eicher Motors’ JV reports 42.40% fall in April sales

Eicher Motors’ joint venture (JV) – VE Commercial Vehicles, has reported a 42.4 per cent decline in total sales at 3,089 units for April as compared to 5,365 units sold in the same period of last year. This includes 3077 units of Eicher brand and 12 units of Volvo brand. ... Read More »

Minda Industries inks JV agreement with TTE

Minda Industries has signed the Joint Venture (JV) agreement with Tung Thih Electronic Company (TTE), Taiwan to develop, manufacture, market and sale of Driving Assistance Products & Systems (DAPS) and Safety Systems including Reverse Parking Assistance System (RPAS), Camera, Automatic Parking Systems, Tyre Pressure Monitoring Systems (TPMS). The proposed location ... Read More »

Tata Power’s TPDDL stations 39 mobile distribution transformers

Tata Power Delhi Distribution (TPDDL), a joint venture (JV) of Tata Power and the Government of Delhi, has made an advanced preparation with 39 mobile distribution transformers evenly stationed across its distribution network in North and North West Delhi. This step has been taken in order to provide uninterrupted power ... Read More »