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India’s largest realty firm DLF’s sales bookings declined 2 per cent annually to Rs 14,778 crore during the last fiscal year due to a subdued March quarter, which did not see any major project launch despite strong housing demand. Its sales bookings stood at record Rs 15,058 crore in the preceding year. According to an […]
Hero Realty’s chief executive officer (CEO) Dharmesh Shah has resigned from the company and will float his own venture. Shah informed about his decision on social media platform LinkedIn on Monday. He became the CEO of Hero Realty, promoted by Sunil Kant Munjal’s Hero Enterprise, in March 2022. “As a corporate professional for over 25 […]
Passenger vehicles wholesales in India rose 1.3 per cent year-on-year to 3,35,629 units in April, automobile industry body SIAM said on Tuesday. The passenger vehicle (PV) dispatches from companies to dealers stood at 3,31,278 units in April 2023. As per the data issued by the Society of Indian Automobile Manufacturers (SIAM), two-wheeler wholesales rose 31 […]
Two-wheeler major Hero MotoCorp on Monday said it has joined the Open Network for Digital Commerce (ONDC) to enhance reach and convenience and provide an easily accessible digital mode to customers. The open network will initially offer two-wheeler parts, accessories and merchandise. Customers can easily discover ‘Hero Genuine Parts’ by using any buyer apps on […]
Private equity firm ASK Property Fund, which had invested Rs 80 crore in 2018 in a housing project built by Naiknavare Developers, has exited from this project at Rs 156 crore, almost doubling its investments. In a statement on Monday, the company said it has made a “successful exit of Rs 156 crore from Avon […]
Japanese car maker Suzuki Motor Corporation on Monday said it will continue to expand SUV portfolio in India to recover its overall market share in the passenger vehicle segment. The company, which currently has around 58 per cent stake in Maruti Suzuki India, said its net sales increased by 732.6 billion yen (15.8 per cent) […]
Hyundai Motor India on Monday said it has commenced local assembly of its compact SUV Venue in Nepal in collaboration with Laxmi Group. The plant, the first automotive assembly facility in Nepal, has an annual installed capacity of 5,000 units. “Hyundai Venue will be the first locally assembled model to roll off the plant. I […]
There was an urgent need for sustainable mobility solutions in India to combat the challenge of air pollution and bike-taxis could offer that said senior industry professionals and experts in the field, addressing a roundtable discussion on the ‘Role of Bike-Taxis in India’s Mobility Landscape’, presented by the Internet and Mobile Association of India (IAMAI), in partnership with Uber, […]
Achieves Year-on-Year Growth of Over 135% Compared to April 2023 Wardwizard Innovations & Mobility Limited, a prominent manufacturer of electric vehicles under the ‘Joy e-bike’ and ‘Joy e-rik’ brands, dispatched 1,071 units of electric two-wheelers in April 2024. This reflects a growth of over 135% compared to April 2023, when the company had sold 455 […]
Maruti Suzuki India expects its CNG car sales to rise over 30 per cent to around 6 lakh units this fiscal, according to a senior company official. The country’s largest carmaker also aims to export around 3 lakh units in the ongoing financial year. “So CNG, this year, we did about 4,50,000 (units) in passenger […]