Bosch has witnessed a decline in CAPEX due to the 26% decline in net profit to Rs 4.8 billion for FY21 as against Rs 6.49 billion recorded in FY20. Pawan Goenka joins Bosch as an independent director
Mahindra Group and Ford Motor Company will jointly develop new SUVs, and a small electric vehicle as part of several initiatives announced today between the two companies.
The two companies signed five new memoranda of understanding (MoU) that further strengthen their strategic alliance and accelerate the development of key products for consumers in India and emerging markets. The MoUs, which are non-binding, mark the progress made by the two companies since announcing their alliance in September 2017.