Arvin Meritor News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Arvin meritor. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Arvin Meritor Today - Breaking & Trending Today
Cummins previews new military powertrain in Washington DC wkkg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wkkg.com Daily Mail and Mail on Sunday newspapers.
Indian car repair start-up GoMechanic has been acquired by a consortium led by car parts manufacturer Lifelong Group.GoMechanic has been in the news recently after co-founder Amit Bhasin admitted to financial misreporting. ....
Lifelong Group, an Indian conglomerate focussed on auto component manufacturing, medical devices and e-commerce, has acquired a majority stake in GoMechanic under the Servizzy consortium. The move comes after GoMechanic recently faced financial difficulties and the board and stakeholders with support from Stride Ventures initiated the sale process to ensure the continuity of GoMechanic s business.
Lifelong India Private Limited is a private company established in 1985. The group diversified into auto component manufacturing in 1995, medical devices in 2005, and e-commerce in 2015. The business has grown from an annual revenue of $0.5 million in 1995 to over $175 million today and caters to major customers in the automotive industry, including Hero Moto Corp, General Motors, Arvin Meritor, and Stanley Black & Deck. ....
The founders of GoMechanic admitted to falsifying figures to investors after SoftBank found irregularities in the five-year-old firm’s growth and revenue numbers while inspecting accounts before a potential investment ....