Rane (Madras) provides business update

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Capital Market
Last Updated : May 13 2017 | 12:47 PM IST

LoI from Nexteer gets cancelled

Rane (Madras) has received an official communication from Nexteer cancelling the LOI, due to their customer, General Motor having sold their Opel Brand to PSA in Europe.

The order was for manufacture and supply of steering gears for Passenger Vehicles from Nexteer Automotive Poland Sp.z.o.o.

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First Published: May 13 2017 | 12:29 PM IST

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