Tuesday, July 26, 2022

4 Daewoo Motors ex-executives acquitted of fraud charges

India's fraud watchdog had accused the executives of cheating Daewoo Motors' bankers such as State Bank of India by producing fudged stock statements to avail of working capital loans.

from Auto-Industry-Economic Times https://ift.tt/a0YNhd9

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Passenger vehicle dispatches rise 27.3% at 4,38,854 units in May: SIAM

Vehicle sales in India saw a significant jump in May. Passenger vehicle dispatches increased by 27.3 percent. Two-wheeler sales also grew by...