Castrol India welcomes Kedar Lele as new Managing Director
Castrol India Limited, one of India's leading lubricant manufacturers, has announced that Kedar Lele will take over as Managing Director with effect from November 1, 2024. The leadership change follows outgoing managing director Sandeep Sangwan's move to global chief marketing officer. Officials at Castrol's London headquarters. Kedar Lele: A Context for Leadership and Growth Kedar Lele previously spent two decades with Hindustan Unilever Limited (HUL), most recently as Executive Director, Sales and Customer Development, South Asia. During his tenure at HUL, Lele was recognized for his expertise in leading teams, driving growth and managing complex markets. These skills are expected to be instrumental as he takes over the reins of Castrol India, a key player in the growing automotive and lubricants industry. Seamless transition To ensure continuity of leadership, Lele has been working with Sangwan since September 1, 2024. This time together familiarized him with Castrol India’s operations, strategic priorities and key stakeholders, facilitating a smooth handover. This proactive approach…
Managing Automotive Manufacturing Costs: Responsibilities and
In a complex global landscape where interconnectivity is critical to business success, managing complex supply chains of this scale is undoubtedly costly. The complexity of coordinating the production, distribution and sourcing of automotive parts across national borders creates numerous challenges that result in increased costs for industry players. In addition, the automotive industry is required to comply with various regulatory frameworks, trade agreements and customs regulations, and failure to comply can have economic consequences. Complying with different standards and navigating the maze of existing and upcoming international legislation requires regulatory expertise. The physical logistics of transporting auto parts and finished goods around the world incurs costs associated with tariffs, freight charges, and coordination of international transportation networks. Mitigating risk has become critical in the face of geopolitical uncertainty and market volatility, adding another layer of complexity to global supply chain management in the automotive industry. Cost challenges in vehicle manufacturing and shipping Striking a balance between operational efficiency and cost-effectiveness…
Managing supply chains through disruptions…
We have learned a lot of lessons managing our supply chain through Covid that should prepare us for any future disruptive events, such as the impending strike we may face by the Gulf and East Coast dockworkers, who, as far as we know, walked out of negotiations in June and have made little progress toward negotiating a successful new contract. The last time this danger occurred was in 1977. See also: Impact of impending strike on US container trade and supply chain Judging from the known information flow, there is a big gap between the two sides. The aircraft carrier industry does not want to be hit, but the possibility of it happening is very high. "If this strike goes ahead, the operational and financial consequences will be severe. Coupled with the current instability in global markets, this strike will cause disruption, damage and severe hardship to thousands of supply chains in the eastern United States, not to mention the…
Managing GST accounts through e-filing
Understanding GST Excise duty is an indirect tax levied on the production or sale of certain goods. In South Africa, excise duty applies to a wide range of products, including alcohol, tobacco, fuel and certain other goods. For businesses dealing in these products, accurate and timely management of excise accounts is essential to avoid penalties and interest charges. The role of electronic filing In the past, excise tax payments in South Africa were mainly made in person at the South African Revenue Service (SARS) office or through bank deposits. This process was often time-consuming and prone to errors. As technology advanced, the SARS introduced online payment options, allowing taxpayers to pay directly from their bank accounts or using credit cards. Now, the SARS allows taxpayers to conveniently manage their excise tax accounts through the e-filing platform. This online system provides a secure and efficient way to submit excise tax returns, make payments and track account status.
Tata Motors Managing Director Shailesh Chandra takes over as SIAM President
Ashok Leyland Ltd. Managing Director and CEO Shenu Agarwal has been appointed as Vice President for 2024-2025, while Daimler India Commercial Vehicles CEO and Managing Director Satyakam Arya is the new Finance Chief of SIAM. Shailesh Chandra, Managing Director of Tata Motors Passenger Vehicles Ltd and Tata Passenger Electric Vehicles Ltd, has been appointed as the new President by the Executive Committee of the Society of Indian Automobile Manufacturers (SIAM) for the term 2024-25. For those who are unaware, SIAM is the apex body representing the top automobile manufacturers in the country. With this development, Shailesh Chandra, former Vice President of SIAM, takes over from Vinod Aggarwal, Managing Director and CEO of Volvo Eicher Commercial Vehicles Ltd. At the Executive Committee meeting, the new heads were elected. Shenu Agarwal, Managing Director and CEO of Ashok Leyland Ltd, was appointed as the Vice President for the term 2024-2025, while Satyakam Arya, CEO and Managing Director of Daimler India Commercial Vehicles, becomes…
3 Tips for Managing Your Event Budget
Hosting your own event can be transformative for your organization. It provides an unparalleled opportunity to engage directly with your target audience, which is the entire purpose of third-party events. Instead, you have the freedom to create an experience from scratch, tailored precisely to your audience’s needs and preferences. This level of control means you can craft a truly personalized experience that deeply resonates with your target audience, whether they’re customers, prospects, or internal teams. However, the upfront costs can be higher and, if not done properly, can result in a failed campaign, wasting your resources and time. As with any campaign, risks need to be managed. Enter: the campaign budget. Budgeting is both an art and a science, especially when it comes to event marketing. Managing your event budget effectively will ensure that your event delivers the best value at a reasonable cost. Here are three essential tips for managing your budget when hosting an event. 1. Customize your…
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