Tractors do roaring businessEven as PV and two-wheeler segments are coming out of the woods, tractor demand has gone through the roof. As per data shared by the Tractor Manufacturers Association (TMA), domestic sales of tractors jumped 75 percent during August to 64,729 units compared to the same month last year.Thanks to the roaring demand sales during the January-August period have gone past sales of 2019. This happened despite the disruption caused by the COVID-19 pandemic. As per TMA, domestic sales during the eight months of the year so far stood at 435,351 units, a growth of 0.13 percent compared to the same period last year. … [Read more...] about This week in auto: Tractors become first to beat previous year’s sales even as cars, bikes struggle
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S-CrossAvailable in only a petrol model now, the Maruti Suzuki S-Cross was added to the company’s line-up only recently. Previously, the car was available in only the diesel version. The new 1.5-litre K15B petrol engine churns out 105 PS and 138 Nm of torque. Buyers can avail of a Rs 5,000 corporate discount and an additional Rs 5,000 during the Shradh period, but no cash discounts are being offered.Close … [Read more...] about Maruti Suzuki offers benefits up to Rs 45,000 on all Nexa cars
"We believe Happiest Minds IPO offer gives investor a unique opportunity to own a digital product engineering company. We see digital engineering business is growing much faster than traditional IT business and it is well positioned to overcome the business challenges due to the COVID-19 pandemic with high exposure into 'edutech' and 'high tech' verticals which have grown faster during the pandemic and enabling the company to grow at around 20 percent YoY whereas the industry has slowed down to around 8-10 percent," said Prashanth Tapse, AVP Research at Mehta Group who advised investors to subscribe to this offer. … [Read more...] about Happiest Minds Technologies trades at over 60% premium in grey market
Nikola’s initial public offering on June 4 was one of the hottest of the year. The five-year-old company is named after inventor Nikola Tesla, best known for his work with alternating current. Last month, the EV maker announced a partnership with Republic Services, one of the United States’ largest waste-hauling companies, to make 2,500 electric garbage trucks. … [Read more...] about Nikola and General Motors are now partners. Check out this electric pickup truck!
JH: It’s not painful, [but] I don’t seek it. It feeds some of the wrong things about the way people think of business. The cult of personality as a CEO, there are some people who can pull that off. Very few. I would rather be in the background and be known as a person who’s thoughtful, whom people love to work for, and then the team is in the spotlight. It is the way I was wired, with three older brothers. Roger Enrico, who helped lead Pepsi [from 1983 to 2003], said that leadership is having a point of view. The CEO can’t shrink from that. If you do, the company suffers from confusion, lack of direction. So in my first hundred days [as Ford CEO], we have developed a point of view of the future of the company: “smart vehicles in a smart world.” … [Read more...] about Ford CEO Jim Hackett On The Future Of Car Ownership And Driving