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AMW MOTORS
AMW Motors admitted for insolvency as Triton fails to implement revival plan“Triton Electric Vehicle has failed to fund and implement the resolution plan and has thus contravened the resolution plan,” the division b...- Triton guarantee for AMW Motors encashed as it fails to payTriton had offered ₹210 crore in cash to creditors of AMW Motors at more-than-94% haircut to lenders that have admitted claims of ₹3,756 cr...
- Triton EV approaches Supreme Court to be able to bid for AMW subsidiaryOn September 1, 2020, the Ahmedabad bench of the National Company Law Tribunal (NCLT) admitted the company under the Corporate Insolvency R...
- AMW lenders okay IBC plan; Triton EV to take over Bankrupt AMW Trucks assetsLenders led by IDBI Bank and Indian Overseas Bank (IOB) approved Triton's plan by near absolute majority or 99.60% but with a deep haircut ...
- Bank of India puts 45 bad loan accounts worth Rs 8800 crore on saleThe bad loans include those of Essar Steel, Binani Cement, Bhushan Power and GMR Chhattisgarh.
- Whistle-blower levels fresh allegations of quid pro quo deals against ICICI's Chanda KochharIt is now being alleged that Ruias of Essar got undue favours from ICICI Bank for round-tripping investments into Deepak Kochhar's NuPower ...
- Whistleblower levels fresh allegations against KochharOn Mar '16, he had written letter to PM alleging dirty dealings between bank & Videocon Group.
- NuPower, Pinnacle Energy trust board member quitsNuPower Renewables is central to the quid pro quo allegations over loans given by ICICI Bank, which is headed by Kochhar’s wife Chanda Koch...
- Swaminomics - What Sanand tells us about land acquisitionPrivate industry is accepted globally as a public benefit that creates jobs, revenues and general prosperity .
- Make in India: Gujarat emerges among preferred destinations for defence manufacturingThe Modi-led NDA government has granted a record 22 licences to Gujarat since it assumed office in May 2014. The number is the same as that...
- Auto component makers get together in GujaratGujarat has drawn investments from OEMs including Maruti Suzuki, Tata Motors, Ford, Honda, HMSI, GM, Atul Auto, Mahindra Gujarat Tractors a...
- Clutch maker Setco Automotive's bet on aftermarket business pays offThe component maker is the largest clutch supplier to MHCV makers, accounting for 100% requirement of automakers such as Tata Motors, Eiche...
- AMW Motors launches new transit mixer rangeIndia's third largest heavy commercial vehicle manufacturer, AMW Motors Ltd (AMW) expanded its range of high performance transit mixers wit...
- AMW Motors ties up with IndusInd Bank for vehicle financeAMW Motors, India's third largest heavy commercial vehicle maker, today said it has tied up with IndusInd Bank for vehicle finance.
- AMW Motors ties up with IndusInd Bank for vehicle financeThe company expects that the agreement with IndusInd Bank will help its sales offices and dealerships to reach out to more truck operators ...
- Budget 2013: Excise duty on SUVs hiked to 30%Finance Minister in his budget 2013 speech announced an increase in excide duty on SUVs from a current 27% to 30%.
- 'Our aim is to progressively cover entire HCV market'Anirudh Bhuwalka, MD & CEO, AMW, shares his views on the impact of the economic slowdown on the heavy vehicles industry and talks about the...
- Central Bank, AMW in MoU for financing vehiclesCentral Bank of India has inked a memorandum of understanding (MoU) with commercial vehicles-maker Asia MotorWorks (AMW) for financing to A...
- 'Auto parts demand set to explode'Harish Sheth, chairman and managing director of Setco Automotive, says he wants to make India a preferred destination for design and manufa...
- Cummins, partners to invest Rs 1,390 cr over five yearsGlobal engines major Cummins said it will invest $300 million (about Rs 1,390 crore) with local partners in India over the next five years ...
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