Varroc Engineering Capex: Varroc Engineering plans INR 600-cr capex till next financial year, Auto News, ET Auto

2022-06-18 20:31:08 By : Mr. Jack Jiang

We have updated our terms and conditions and privacy policy Click "Continue" to accept and continue with ET Auto

Dear user, ET Auto privacy and cookie policy has been updated to align with the new data regulations in European Union. Please review and accept these changes below to continue using the website. You can see our privacy policy & our cookie policy. We use cookies to ensure the best experience for you on our website. If you choose to ignore this message, we'll assume that you are happy to receive all cookies on ET Auto.

Top European tractor maker CNH targets mainstream market in India10 hrs ago

Renault re-engineers EV plans in India, here is what MD has to say12 hrs ago

Pushing boundaries for a cleaner, safer, and susta..

Fool Proofing the Growth Momentum

The Era of Electric Vehicles - Are We Already Ther..

The Aurangabad-based company is in discussions with major customers for sale of electrical motors, traction motors and controllers, telematics, lighting, catalytic converter and polymer products. The company management also informed that the government has approved its application for the Production-Linked Incentive (PLI) and Varroc will be investing around INR 280 crore over five years under the scheme.

225000+ Industry Leaders read it everyday

The company said, "The Chennai plant has resumed operation in double shifts with effect from June 14. More than 300 people gave their consent to resuming production and it continues to increase." Ford said the severance package would only be available to those employees who resume production from June 14 and support the company in completing the production schedule.

Tata Motors argued in its petition that it submitted its technical and financial bid for the tender after a pre-bid meeting with BEST officials. However, when the BEST published its technical suitability evaluation of the tender, it declared Tata Motors’ bid as “technically non-responsive”.

We have various options to advertise with us including Events, Advertorials, Banners, Mailers, Webinars etc.

Please contact us to know more details.

Get ETAuto 's top stories every morning in your email inbox.

225000+ Industry Leaders read it everyday

Follow @ETAuto for the latest news, insider access to events and more.