Next-generation range of ULTRA Business Utility Vehicles(BUV)
Blames it on ‘French political conditions’
Merged entity looking at achieving a turnover of Rs. 1000 Crore by 2023
To develop next generation electric drive systems.
Merger expected to take place on the back of Setco group purchasing all the stake owned by Lingotes Especiales S.A. (technology & JV partner) in Lava cast Pvt. Ltd.
In a new metal press and two new hot stamping lines
Recorded a sequential increase in sales compared to the previous month
Sales up by 7.83%; FY 2018-19 Net Profit up by 16.10%