Gravita India partially cancels Rs 300 cr order

India’s largest lead recycler Gravita India said it has been forced partially cancel a Rs 300 cr order received earlier this year due to counterparty problems. The company said it supplied only 3,800 tons out of the contracted Rs 18,000 tons to buyer Kyen Resources Pte. Ltd....

Ashok Leyland September auto sales up 26%

Ashok Leyland, one of India’s top three commercial vehicle makers, reported strong auto sales for September. Total medium and heavy commercial vehicle sales rose 21% to 14,232 units in September, compared to 11,805 in the same month last year. Light commercial vehicle sales were up...