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Apollo Tyres raises $ 229 million (Rs 1,500 crore)

Apollo Tyres raises $ 229 million (Rs 1,500 crore)

Autocar Pro News Desk     calendar12 Oct 2017

The Committee of Directors (Funds Raising) of Apollo Tyres declared the company allotted 63,025,210 equity shares to QIBs at Rs 238 per equity share for raising the fund. The QIP was managed by JM Financial, Kotak and UBS.

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Hanon approves JV with Chinese company for supplying solutions to Changan Automobile News International
Hanon approves JV with Chinese company for supplying solutions to Changan Automobile

By Autocar Pro News Desk calendar12 Oct 2017

Changan Automobile is one of the top automotive groups in China that operates a number of vehicle brands and auto part...

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Autoliv and MIT AgeLab to jointly develop semi-autonomous vehicle prototype News International
Autoliv and MIT AgeLab to jointly develop semi-autonomous vehicle prototype

By Autocar Pro News Desk calendar11 Oct 2017

As per the company announcement, learnings from the research collaboration will likely be used in the development of s...

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Dhoot Transmission, Carling Technologies set up JV to make electronic switches News National
Dhoot Transmission, Carling Technologies set up JV to make electronic switches

By Amit Panday calendar11 Oct 2017

The JV will cater to demand from the two-wheeler, three-wheeler, commercial vehicle, agriculture and construction equi...

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Precision Camshafts to acquire Memco Engineering News National
Precision Camshafts to acquire Memco Engineering

By Autocar Pro News Desk calendar11 Oct 2017

The Nashik-based precision machining Memco Engineering is a supplier to German component maker Bosch.

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Michelin to double radial capacity at Chennai plant News National
Michelin to double radial capacity at Chennai plant

By Kiran Bajad calendar10 Oct 2017

Also inks pact with Ashok Leyland for supply of its X Guard range of truck radials for the Captain 3718 M&HCV.

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Allison Transmission introduces next-gen advanced tech for fully automatic M&HCV transmissions News International
Allison Transmission introduces next-gen advanced tech for fully automatic M&HCV transmissions

autherAutocar Pro News Desk calendar07 Oct 2017

With its deep first gear ratio and ratio coverage, the 9-speed unit offers significant fuel savings as the gear train ...

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BorgWarner transfer case helps enhance AWD on Range Rover Velar News International
BorgWarner transfer case helps enhance AWD on Range Rover Velar

autherAutocar Pro News Desk calendar07 Oct 2017

Pre-emptive on-demand transfer case enhances AWD by connecting to vehicle control systems, monitoring signals includin...

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Denso expands footprint in the US, invests $1 billion in Tennessee unit News International
Denso expands footprint in the US, invests $1 billion in Tennessee unit

autherAutocar Pro News Desk calendar07 Oct 2017

The investment, which will create over 1,000 new production and support jobs, is to make the unit a primary manufactur...

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Hella to set up electronics plant in Gujarat, opens lighting tech centre in Coimbatore News National
Hella to set up electronics plant in Gujarat, opens lighting tech centre in Coimbatore

autherAutocar Pro News Desk calendar07 Oct 2017

German Tier 1 supplier’s second electronics plant in India, which will initially make accelerator pedal sensors, to op...

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POLL OF THE MONTH

Can Mahindra retain it's sales lead over Tata Motors in the coming months?

Can Mahindra retain it's sales lead over Tata Motors in the coming months?

Yes

 

77.50%

No

 

22.50%

Total Votes : 40