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Several decades ago, even before partition, Late WN Talwar, along with his brothers, owned the dealership of Studebaker cars in Peshawar (now in Pakistan). Post-independence in 1947, they decided to shift base, and moved to India to begin their journey from scratch. With experience in the automobile industry, Talwar decided to start an auto components business, and set up a gasket manufacturing company in 1956 in collaboration with UK-based Coopers Payen. He founded Talbros Automotives Components Ltd to cater to the automobile sector, and set up the first manufacturing unit in Faridabad, Haryana. At that time, little did he know that over a period of six decades, Talbros would become one of the leading suppliers of automobile parts in India, raking in ....
Cummins India jumped 5.53% to Rs 672.50 after the company s consolidated net profit jumped 20.2% to Rs 240.10 crore on a 1.7% fall in net sales to Rs 1406.66 crore in Q3 FY21 over Q3 FY20. Profit before tax in Q3 December 2020 stood at Rs 309.72 crore, up by 20% from Rs 258.05 crore in Q3 December 2019. Current tax expenses during the quarter increased by 36.8% year-on-year (YoY) to Rs 67.16 crore. Ashwath Ram, managing director, Cummins India, said: On the back of economic recovery from the impact of COVID, some of our key segments reported strong recovery. That coupled with near normal operations enabled us to deliver strong Q3 results. Our domestic business continues to report strong sequential growth (in Q3 up 38%). Our Q3 revenue is up to 97% of last year s revenue for the same period. ....