Suzuki Motorcycle February total sales rise 3.5% to 67,961 units

Pvt Ltd (SMIPL) on Monday reported a 3.5 per cent increase in total sales at 67,961 units in February this year.

The company had sold 65,630 units in February last year, SMIPL said in a statement.

Domestic sales during February this year stood at 58,644 units as compared to 57,174 units sold in the year-ago month, a growth of 2.57 per cent, it added.

“Inching closer to the end of the current fiscal year, we are happy with our sustained growth momentum,” SMIPL Managing Director Koichiro Hirao said.

February was an eventful month for the company as it unveiled compliant product portfolio at the Auto Expo 2020 that received much love from the automobile enthusiasts, he added.

“Furthermore, we commenced the sale of compliant Burgman Street from the dealerships. We are confident that the new product launches will propel our sales growth in the Indian market,” Hirao said.

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Hyundai February sales dip 10% to 48,910 units; exports down 22%

Motor India Ltd (HMIL) on Sunday reported a 10.3 per cent decline in total sales at 48,910 units in February.

The company had sold 54,518 units in the same month last year, HMIL said in a statement.

Domestic sales were down 7.2 per cent to 40,010 units as against 43,110 units in February 2019, it added.

The company’s declined 22 per cent to 8,900 units as compared with 11,408 units a year ago.

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Hero MotoCorp inaugurates first-ever training centre for women at Ambala

Ltd on Saturday said it has inaugurated the first-ever training centre for women at Industrial Training Institute (ITI) at Ambala in Haryana.

The Centre of Excellence for Women – at ITI Ambala in Haryana will build key skill-set amongst women.

Launched in association with the and Industrial Training Department, Government of Haryana and United Nations Development Program (UNDP), the centre aims to enhance employment opportunities for women in the automotive industry.

The industrial training will be imparted to women in a fully functional technician training labs set up under this association, a company statement said.

Launched under Ek Pahal — a Corporate Social Responsibility (CSR) initiative of — the centre will also have a two-wheeler riding training facility for women.

The centre is equipped with conventional learning facilities, including a fully automated technician training labs with pneumatic tools and precision equipment, it said.

In addition, live cut sections of Hero Engines and other two-wheeler parts have also been installed to help the trainees gain hands-on expertise in latest automobile technologies, it added.

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Amul to acquire Heritage Foods’ dairy plant in Punjab for Rs 21.2 cr

Gujarat Cooperative Milk Marketing Federation (GCMMF)’s flagship Dairy is set to acquire Foods Ltd’s dairy plant in for Rs 21.20 crore.

Foods Ltd’s Board of Directors on Friday approved the sale of “all tangible assets” of the dairy plant located at Bhambri village of Fatehgarh Sahib district in Punjab, the company said in its filing with exchanges. The move is part of its business rationalisation in northern India. The board approved the sale to Anand-based Kaira District Milk Producers Union Ltd (Dairy), the flagship dairy under

On its part, is evaluating the acquisition proposal, with its board likely to take a call soon, even as it looks to expand operations in to cater North India for liquid milk, curd and buttermilk, among other dairy products.

“We are considering the proposal for acquisition. We are anyway expanding our operations in northern India, especially and need more production facilities as our sales are increasing,” R S Sodhi, managing director, told Business Standard.

Currently, GCMMF has two smaller plants in Punjab that largely manufacture liquid milk, curd

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UP govt drafting ‘Startup Policy 2020’, eyeing top 3 domestic ranking

The is hammering out a new ‘Startup Policy 2020’ with aim to break into the top three in domestic rankings by next year.

At present, Gujarat, Karnataka, Kerala, Odisha and Rajasthan are among the top performing Indian states with regards to creating conducive environment for start-ups.

Under the new policy, all the 75 districts in Uttar Pradesh will have a nodal officer to promote start-ups and forge working alliances with the educational and technical institutions to promote new business ventures.

Reviewing the draft Uttar Pradesh Startup Policy on Tuesday evening here, chief minister stressed that the state possessed large untapped potential in the startup segment even as he directed officials to create a mechanism of coordination between the different wings of the state government and higher educational institutions, agricultural universities.

There are about 9 million micro, small and medium enterprises (MSME) in Uttar Pradesh, he said adding this large pool of businesses presented humongous opportunity to cultivate a culture of start-ups.

The CM instructed the departmental heads to simply the rules regarding start-ups and to prepare an action plan to nurture such units in every sector.

The Centre has already launched

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Daimler India eyes new areas like defence vehicles to limit future risks

German auto major Daimler’s Indian arm Commercial Vehicle (DICV) is exploring new areas such as defence vehicles, off-highway engines, LCVs among others to address future cyclical challenges in the domestic commercial vehicle industry.

Satyakam Arya, managing director and CEO, DICV said that beyond trucks, the company want to promote innovation culture, new business ideas and revenue streams.

While exploring venturing into allied space including defence, off-highway engine manufacturing, LCVs among others, for innovations, the company said it is ready to fund, mentor and collaborate with education institutes and freight aggregators.

The diversification is also part of company’s derisking strategy and to enhance the revenue, said Arya.

In 2019, DICV clocked around Rs 6,300 crore revenue, which is 10-12 per cent increase compared to 2018.

Speaking about defence foray, he said at present Government policy doesn’t support foreign to supply for defence purpose, but recently the government has indicated it may relax the policy by April to enable like Daimler to participate. Today this segment is dominated by Indian including Tata, Ashok Leyland and Mahindra.

For defence segment DICV

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