Bengaluru-based food delivery unicorn Swiggy announced it has appointed three independent directors to its board, according to VCCircle report. The three hires include tractor maker TAFE’s Mallika Srinivasan, logistics firm Delhivery’s Salil Barua and Shailesh Haribhakti of Shailesh Haribhakti & Associates. “They have very rich and diverse experiences in building sustainable businesses at scale.Getting these new…
TAFE, a manufacturer of tractors and farm equipment, announced the acquisition of the Indian interior systems business of French global automotive supplier Faurecia for about ₹400 crore, according to The Hindu BusinessLine report. A part of the Group Forvia, Faurecia is among the top 10 global automotive supplier with 1,11,000 employees across 33 countries. Faurecia…
Tractors and Farm Equipment Limited (TAFE), India’s second largest tractor maker by volumes will try to invest Rs 250 crores in the current financial year to increase its installed capacity by 50,000 tractor units at two of its manufacturing locations in India. TAFE is planning these expansions in its facilities at Bhopal and Doddaballapur. The company…