Bizdata Insights Main Logo

BizData Insights

Tata Motors launches Tata LPO 1616 Bus

Industry: Automobile, Automotive, Car Trading & Showroom
Company Intelligence Tag: Business Insights

Tata Motors together with its authorized distributor Nitol Motors Ltd, launched the Tata LPO 1616 Bus Chassis in Bangladesh. The vehicle is designed for intercity and route applications and offers superior performance, excellent passenger comfort, and the best total cost of ownership (TCO) in its class. With a focus on performance and drivability, the Tata LPO 1616 has high fuel efficiency, provides a comfortable ride for both passengers and drivers, and increases fleet owner’s profit potential.

According to the Vice President of International Business & Strategy at Tata Motors, the new offering is designed to meet the evolving needs of customers who seek high revenues, lower TCO, and superior vehicle performance. The company aims to provide better profitability to fleet owners and superior comfort to passengers. The Tata LPO 1616 comes with a Cummins 5.9L engine and G-600 gearbox, producing 160hp of power and 569Nm of torque at 1400rpm. The vehicle is suitable for multiple applications and has a strong Weveller suspension with integral hydraulic power-assisted tilt & telescopic type steering.

Source for more details:

Related News

Islami Bank Faces Uncertainty Over Tk 8,279 Crore Recovery

September 7, 2024

Islami Bank Bangladesh is facing uncertainty over recovering Tk 8,279 crore provided as liquidity support to  four banks—First Security Islami Bank, Union Bank, Social Islami Bank, and Global Islami Bank—and one non-bank financial institution, Aviva Finance. 

Dhaka Stock Exchange’s DSEX Rises by 500 Points

September 7, 2024

The Dhaka Stock Exchange (DSE) benchmark index, DSEX, surged by 500 points in the past month, reaching 5,728.64 on September 4, 2024, up from 5,229.26 on August 4. Turnover increased from Tk 207 crore to Tk 674 crore, peaking at Tk 2,010 crore on August 11. The rise follows political changes and reforms by the interim government, including new leadership at the Bangladesh Securities and Exchange Commission (BSEC) and Dhaka Stock Exchange (DSE).

Walton Declares 350% Cash Dividend

September 7, 2024

Walton Hi-Tech Industries PLC declared a 350% cash dividend for general shareholders and a 200% cash dividend for sponsors and directors for the financial year 2023-24. General shareholders will receive Tk 35 per share, while sponsors and directors will get Tk 20 per share.

UCB Board Cancels Tk 500 Million Mutual Fund Investment

September 7, 2024

The new board of United Commercial Bank (UCB) has cancelled a Tk 500 million investment plan in a close-ended mutual fund, initially approved by the previous board. The previous board, dominated by the family of former land minister Saifuzzaman Chowdhury, was dissolved by the Bangladesh Bank on August 27. The change followed political shifts after the fall of the Hasina-led government. Following the cancellation, UCB's stock rose 1% to Tk 12.30 per share. UCB reported a profit of Tk 1.27 billion for the first six months of 2024.

Eastland Insurance Rebrands as Eastland Insurance PLC

September 7, 2024

The Registrar of Joint Stock Companies & Firms (RJSC) and the Insurance Development & Regulatory Authority (IDRA) have approved the name change of Eastland Insurance Company from "Eastland Insurance Company Limited" to "Eastland Insurance PLC," effective immediately, according to a press release.

State Banks Call for Overhaul of GM and DMD Promotion Policies

September 7, 2024

Officials from state-owned banks Agrani, Janata, and Sonali are calling for changes to the promotion and placement policy for general managers (GMs) and deputy managing directors (DMDs). In a letter to Finance Adviser Salehuddin Ahmed, signed by nearly 100 officials, they expressed concerns over being sidelined in favor of junior officials from Rupali Bank, who are advancing to higher positions.

Related News

Islami Bank Faces Uncertainty Over Tk 8,279 Crore Recovery

September 7, 2024

Islami Bank Bangladesh is facing uncertainty over recovering Tk 8,279 crore provided as liquidity support to  four banks—First Security Islami Bank, Union Bank, Social Islami Bank, and Global Islami Bank—and one non-bank financial institution, Aviva Finance. 

Dhaka Stock Exchange’s DSEX Rises by 500 Points

September 7, 2024

The Dhaka Stock Exchange (DSE) benchmark index, DSEX, surged by 500 points in the past month, reaching 5,728.64 on September 4, 2024, up from 5,229.26 on August 4. Turnover increased from Tk 207 crore to Tk 674 crore, peaking at Tk 2,010 crore on August 11. The rise follows political changes and reforms by the interim government, including new leadership at the Bangladesh Securities and Exchange Commission (BSEC) and Dhaka Stock Exchange (DSE).

Walton Declares 350% Cash Dividend

September 7, 2024

Walton Hi-Tech Industries PLC declared a 350% cash dividend for general shareholders and a 200% cash dividend for sponsors and directors for the financial year 2023-24. General shareholders will receive Tk 35 per share, while sponsors and directors will get Tk 20 per share.

UCB Board Cancels Tk 500 Million Mutual Fund Investment

September 7, 2024

The new board of United Commercial Bank (UCB) has cancelled a Tk 500 million investment plan in a close-ended mutual fund, initially approved by the previous board. The previous board, dominated by the family of former land minister Saifuzzaman Chowdhury, was dissolved by the Bangladesh Bank on August 27. The change followed political shifts after the fall of the Hasina-led government. Following the cancellation, UCB's stock rose 1% to Tk 12.30 per share. UCB reported a profit of Tk 1.27 billion for the first six months of 2024.

Eastland Insurance Rebrands as Eastland Insurance PLC

September 7, 2024

The Registrar of Joint Stock Companies & Firms (RJSC) and the Insurance Development & Regulatory Authority (IDRA) have approved the name change of Eastland Insurance Company from "Eastland Insurance Company Limited" to "Eastland Insurance PLC," effective immediately, according to a press release.

State Banks Call for Overhaul of GM and DMD Promotion Policies

September 7, 2024

Officials from state-owned banks Agrani, Janata, and Sonali are calling for changes to the promotion and placement policy for general managers (GMs) and deputy managing directors (DMDs). In a letter to Finance Adviser Salehuddin Ahmed, signed by nearly 100 officials, they expressed concerns over being sidelined in favor of junior officials from Rupali Bank, who are advancing to higher positions.

BUSINESSMONITOR

Connect with


Dont Have Account? Please register Here