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KayYale
I'm a seasoned industrial engineer with a keen interest in machine learning. Here to share insights on latest industry trends.
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KayYale
Release Time:2024-06-02
Bosch eyes one-third of 2-wheeler and powersports sales from India
NEW DELHI: Auto parts giant Bosch wants India to contribute. It expects global sales to reach 10 percent in the next four years. 100 million euros (about Rs 753 crore), a third of which will come from its two-wheeler and powersports business. India since 2018 4 Mandatory Anti-Lock Braking System mandatory since month (ABS) New safety standards such as new engine management systems for two-wheelers are expected to boost the company’s growth. Geoff) Liersch, Chief Managing Director, Bosch (Two Wheelers and Powersports), said, “By 2020 2000, we want to achieve (global) sales of 10 years 100 million euros, with India accounting for more than one-third of Bosch’s global sales of two-wheelers and powersports. “I will occupy it,” he said. More than 90% of two-wheeler production will be made in India and China by 2021, the company added. “India is an important market for two-wheelers. The growth here is likely to have an impact on emerging markets...
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KayYale
Release Time:2024-06-02
NCLT admits insolvency plea against Uttam Galva Steel Ltd
IRP will now continue to manage NCLTLTT and take over Uttam Galva management. Mumbai: The National Company Court (NCLT) on Thursday recognized the insolvency case of debt-laden Uttam Galva Steels Ltd (UGSL) after financial creditor State Bank of India filed a bankruptcy petition in the National Company Court. Uttam Galva Steel A lawyer representing the company said that the company is one of them. UGSL is one of the companies in the Reserve Bank of India’s second list of loan defaulters and has been directed to take immediate corrective action. /p20 In early April 20, it was reported that UGSL had defaulted on Rs 100 crore of debt to over 60 lenders due to a virus epidemic. UGSL also stated that due to the embargo, the company had shut down its factories and operations and was yet to repay its creditors Rs 10.08 billion. The company posted a net loss of Rs 1,600 crore for the second quarter. State Bank of India, Deutsche Bank, Oriental Bank of Commerce, Indian Overseas...
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KayYale
Release Time:2024-05-21
Sona Autocomp Holding to sell stake in Sona Koyo Steering Systems to JTEKT Corporation
NEW DELHI: Sona Autocomp Holding Limited today announced the signing of an agreement with its long term technology and financial partner, JTEKT Corporation, for the sale of its entire stake in Sonaa Koyo Steering Systems Limited (SKSSL) for Rs. 41.9 for Rs. 100 million. The total cost is Rs. 419.28 crore for 49, 914, 664 shares at Rs. 84.00 per share, which is equivalent to 25.12% of SKSSL shares. SKSSL It is a manufacturer of steering systems for passenger cars and utility vehicles in India. The company travels to Maruti Suzuki, Toyota, Tata Motors, Mahindra Mahindra, Honda, Renault Nissan, Ford and others to supply steering components. SKSL has a transaction value of Rs. 1,922.5 crore, equivalent to Rs. 1,010 crore. x times SKSSL’s EBITDA for the last 12 a month ended September 30, 2016 84.00 per share Higher share price in rupees compared to SKSSL Average closing price premium for the last three months is around 34%. The transaction is still subject to regulatory a...
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what are class 2 vehicles
ZenobiaPeggy
KayYale
Release Time:
March 6, 2024, 6:03 PM
Vehicle classification varies across different countries. resulting in differences in regulations and guidelines. For example. in the UK. drivers with a dual license are allowed to operate Class C vehicles. which have a Maximum Approved Mass MAM of over 3500 kg. as well as trailers weighing up to 750 kilograms. On the other hand. on toll roads in the US and Europe. Type 2 vehicles are defined as those with two axle feet measuring 6 inches or less at a height of 7 feet e.g. SUVs or pickup trucks. It is advisable to consult your local transportation department or relevant agency for precise definitions based on the vehicle category gross weight below 18.000 kg.
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