On February 26, 2024, the company entered into an amendment to its revolving credit score facility to enable certain addbacks to monetary covenants for particular write-downs of stock and vendor receivables. As of December 30, 2023, contemplating the amendment, the company was in compliance with the credit facility’s monetary covenants. Maruti Suzuki, a leading automaker in India, is expected to announce a worth hike soon as a result of ongoing Red Sea disaster. Bajaj Auto has given a sneak peek of its upcoming Pulsar motorbike, imagined to be the revamped 2024 NS200. Mahindra and Volkswagen Group have joined forces in a supply agreement, taking their partnership within the Indian market to new heights. BMW is gearing up to launch the new-generation electrical X3, dubbed the iX3.
