Browsing: Market Updates

Vishwanath Rao, Managing Director, Altair India, commented on the opening of the new office, stating: “The decision to establish a presence in Chennai reflects Altair’s commitment to providing localized support and expertise to our valued customers across India. With our expanding customer base and growing demand for engineering simulation solutions, Chennai presents an ideal location to strengthen our operations and better serve the needs of our customers.”

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Bajaj Auto is set to unveil a motorcycle powered by CNG, slated for release in June 2024, according to Rajiv Bajaj, the Managing Director. Addressing queries, Bajaj acknowledged the primary challenge of accommodating a gas cylinder on a motorcycle, unlike in four-wheelers and three-wheelers where space allows.

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said Steve Towe, Powerfleet’s Chief Executive Officer, who will continue serving as CEO of the combined Powerfleet company. “We expect the business combination will establish Powerfleet as a top-tier, global AIoT SaaS company, paving the way for accelerated growth in recurring revenues, expanded profitability, and enhanced investor value creation opportunities.”

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