World Business News

MUMBAI: Ashok Leyland plans to roll out this month a multi-utility van named Stile and a 13-seater people mover called Dost Express, two uniquely positioned products that will have no direct competition from the market leader Maruti Suzuki and will help the manufacturer build its light commercial vehicle portfolio in the country.

NEW DELHI: Delhi-based JK Tyre & Industries is vying for expansion in South-East Asia as Indian tyre companies tap the inorganic route to grow beyond domestic shores to capitalise on global growth opportunities.

French power giant Alstom has announced it has won a €170m ($227m) contract to supply generators for a power plant in Saudi Arabia.

FRANKFURT: German carmaker Volkswagen plans to start selling electric cars in the United States in 2015, the New York Times reported, citing a Volkswagen official.