Apollo Tyres to cut capex by Rs 400 cr this fiscal to preserve cash flow, Auto News, ET Auto

Apollo Tyres has also taken a cut in the capex investment across its European operations.
Apollo Tyres has also taken a lower in the capex investment decision throughout its European operations.

New Delhi: Apollo Tyres has determined to lower its cash expenditure (capex) by Rs 400 crore this fiscal amid tough enterprise setting thanks to the coronavirus pandemic, in accordance to a senior firm official.

“Provided the in general need predicament, we have lower again on capex to the tune of a further Rs 400 crore in 2020-21 to make confident that we are not stressed from a cash move or a liquidity point of view,” Apollo Tyres Chief Monetary Officer Gaurav Kumar mentioned in

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M&M reports net loss of Rs 2,510 crore in Q4 FY20, Auto News, ET Auto

Operating margin of M&M increased slightly to 13.6 percent in the last quarter of FY20, compared to 13.5 percent in the corresponding quarter of previous fiscal.
Operating margin of M&M greater marginally to thirteen.6 per cent in the last quarter of FY20, as opposed to thirteen.five per cent in the corresponding quarter of prior fiscal.

New Delhi: Homegrown automobile key Mahindra & Mahindra (M&M) on Friday declared a consolidated net decline of Rs two,509.67 crore in Q4 FY20, which ended on March 31. M&M’s revenue also declined by 35 per cent on a YoY foundation to Rs 9,005 crore in the same quarter, as opposed to the Q4 FY19, when it registered Rs thirteen,808 crore revenue.

Operating margin of M&M greater marginally to thirteen.6 per cent

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Porsche Cayman 718 GT4 RS Will Be More Powerful Than We Thought

Spy photographs have previously revealed Porsche getting ready the sizzling GT4 RS. Early prototypes showcased a large rear wing, but far more recent take a look at automobiles have been spotted with the same wing as the normal GT4. The rear side windows have been changed with louvers to give added cooling for the engine.

As for when the Porsche Cayman GT4 RS will split protect, Car and Driver claims the expose will come about in late 2021 or early 2022, but really don’t be surprised if the coronavirus pandemic influences Porsche’s ideas. Also be expecting the hardcore GT4 RS

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Ashok Leyland to acquire 19% stake in Hinduja Leyland Finance for Rs 1200 crore, Auto News, ET Auto

NEW DELHI: Chennai based mostly Professional vehicle producer, Ashok Leyland, to purchase 19 for each cent stake in Hinduja Leyland Finance Confined (HLFL) for Rs 1200 crore, the enterprise stated in BSE filing on Wednesday.

The second-greatest professional vehicle producer in its communication stated that “The board of administrators of the enterprise, at the assembly held now, have accredited to purchase up to 19 for each cent additional fairness shares in Hinduja Leyland Finance Confined, from the present shareholders, in tranches, for a thought not exceeding Rs.1200 Crores subject to these approvals, consents, sanctions and permissions of the acceptable authorities,

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