Steel Strips Wheels Limited (SSWL) has informed BSE that it has been awarded yet another prestigious business from Europe's no 1 car maker Volkswagen AG. The new order, which is worth Rs. 53.64 crore, is for supplies of wheel rims to their manufacturing plants in Germany & Argentina manufacturing commercial vehicles. The contract, for the supply of approximately 100,000 wheels per year, is expected to go on for five years. This is expected to generate revenues of over 1.7 million Euros per year (107.3 million Indian rupees per year).This is in addition to the business worth $38 m concluded with Audi (Group co. of Volkswagen) last July. SSWL has nearly doubled its total export volume from 0.46 million wheels in FY 2009-10 to 0.92 million wheels in the just ended FY 2010-11. It is expecting to cross exports sales of 1.5 million wheels in FY 2011-12 with businesses under development & under negotiations.
BMW Group India is accelerating its network expansion in the Delhi NCR region with the opening of Bird Automotive’s third showroom in Gurugram. Situated at Trilium Avenue, Sector 29, Gurugram Haryana,...
Following to the launch of the Tesla Center in Gurugram, Tesla has now announced the opening of its first Tesla charging station in Gurugram at DLF Horizon Center.
Dylect, one of India’s fastest-growing lifestyle tech brands, has announced the launch of Flow Prime, a powerful yet compact pressure washer designed to bring professional-grade cleaning into everyday...