The order is valued at Rs 100 crore. The vehicles will be used to carry Smerch Rockets.
Passenger vehicle sales grow by 6.38% to 300722 units in March, according to data released by industry body Society of Indian Automobile Manufacturers (SIAM).
To cash in on the spike in demand, India’s second largest manufacturer of medium and heavy commercial vehicles (MHCVs) has now outlined aggressive plans to increase market share in light commercial vehicles.
Both automakers have a lion’s share in the compact car space owing to a number of successful launches such as DZire, Baleno, Swift, Grand i10, Elite i20.
The new rooftop installation would reduce CO2 emission to the extent of 1600 tons/year. Yamaha has partnered with Mahindra Susten for the installation of these Rooftop Solar panels.
The capex announced will include investment for commencement of construction of Phase-2 of the Vallam Vadagal plant in Tamil Nadu this year.
Cumulative domestic vehicle sales growth in the past year was 13-15%, according to estimates based on data shared by industry players, hitting the double-digit mark for the first time since fiscal 2012.
With 4 brand new models, new capacity infusion, addition of 500 new network outlets increasing our reach to hinterlands, Honda successfully consolidated leadership
HCIL registered a growth of 8% to sell 170,026 units in the domestic market in the last financial year.
The Korean auto major has registered a growth of 5.2% over preceding year's sale figures. Last month, the firm sold 48,009 units, thereby clocking a 7.3% growth.
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