EBITDA for the quarter ended June 30, 2021, stood at Rs 510 million as against Rs 440 million a year back, indicating a growth of 214%. It continued to consolidate its leadership in the Large Vans segment.
Sonalika International Tractors Ltd, India’s third largest tractor brand, has recorded a growth of 57.6 per cent in the month of September and has a set a record by selling 50,000 tractors within the first half of FY17.
German auto giant Daimler is preparing to achieve pan-India presence for its bus business by the end of this year. Also, the company’s vehicle manufacturing factory near Chennai is set to export its first fully-built bus soon.