By Anju Ajaykumar
Executive Overview
A company incurs capital expenditure (CapEx) to acquire or upgrade physical assets, including property, plant, and equipment. In this periodic report, ARC Advisory Group looks at a number of different manufacturing industries to identify the current CapEx trends in India. We calculate CapEx in two separate segments: based on the money spent on acquiring and upgrading total fixed assets, and on the money spent on acquiring and upgrading the plant and machinery.
While ARC also publishes a separate global Capital Expenditures report for leading industries in all world regions, this report focuses exclusively on India’s capital expenditure analysis and includes the CapEx trends for leading industries in the country. These include automotive, cement, chemical & petrochemical, electric power, metals, oil & gas and refining, food & beverage, and pharmaceutical.
M&M, Ford pull the plug on joint venture
In 2018, Ford and Mahindra announced an initial agreement for a joint venture with equity participation of 51%:49%, to develop a new sports utility vehicle on a Mahindra platform and a small electric vehicle
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Mahindra and Mahindra Ltd and Ford Motor Co. said that the global disruptions brought about by covid-19 and the ensuing change in capital allocation priorities forced them to abandon a proposed partnership for engine and vehicle development in India.
The move is a blow to Mahindra’s plans to get access to manufacturing capacities and new technologies for engines and connected vehicles. At the same time, Ford will have to continue its independent battle to garner a bigger share of India’s market where it has lagged most of its rivals despite a more than two-decade-long presence.
This week in Auto: 2020 was a forgettable year, welcome 2021?
Here is a complete look at all other stories that made headlines in the auto space December 26, 2020 / 10:16 AM IST
The year 2020 will go down as year like no other. From zero sales in April to factories hitting peak capacities in October – all within a span of seven months – 2020 has been a tumultuous year for the auto industry. In today’s final wrap of the year we take a look at what 2020 brought with itself. But first here is a complete look at all other stories that made headlines in the auto space.
Honda Shine crosses 90 lakh sales in India: Records 26% growth in November 2020 financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.