Textile major Raymond has said its board has approved plans to consolidate the tools and hardware and auto components businesses into engineering business.

Textile major Raymond has said its board has approved plans to consolidate the tools and hardware and auto components businesses into engineering business.

TVS Motor Company saw a revenue of Rs 39.34 billion compared to Rs. 14.32 billion in Q1, last year and the highest ever quarterly revenue in International Business amidst the 2nd wave of COVID-19.

Cell Propulsion inaugurated its pilot production plant in Bengaluru for the manufacturing, assembly and testing of Li-ion battery packs in July this year.

According to Ind-Ra (India Ratings and Research), the 193% sequential and 15% YoY increase in the domestic auto sales volumes in June 2021 was due to the relaxation of localised lockdowns.

Taiwan's Foxconn has announced that it has decided to build electric vehicles in the U.S. state of Wisconsin.

India Ratings and Research (Ind-Ra) expects tractor sales volumes to grow in low-mid single digits of 3%-6% yoy in FY22, mainly on a higher base following the 27% yoy growth witnessed in FY21.

WardWizard Innovations and Mobility Ltd, one of the leading manufacturers of electric two-wheelers brand ‘Joy e-bike’, closed the month of June 2021 with high growth in sales.

According to Emkay Research, due to a pickup in retails in the last month, the volumes in June 2021 have seen a rise. These volumes will further improve in Q2FY22 as the lockdown will ease.