In recent months, Indian steel makers have dropped prices, with SAIL reported to have lowered prices of flat products by about Rs500 a tonne, shortly after it cut prices by around Rs1,200-1,500 a tonne
Broadly, the two companies will collaborate on technology and material supplies
Although seasonality could hit truck sales marginally in November and December, the deferment of sales to the new calendar year coupled with new emission norms can give a fillip to sales in the fourth quarter of the year to March