Autocar_Professional India Online News – Page 102

India’s Auto Retail Hits Record High in October as Reforms, Festivals, and Rural Demand Ignite Sales

India’s automobile industry achieved a milestone in October 2025, with overall retail sales surging 40.5% year-on-year to an all-time high of 40.2 lakh units, according to data released by the Federation of Automobile Dealers Associations (FADA). The surge was driven by a rare confluence of factors–GST 2.0 tax reforms, back-to-back festivals, and a resurgent rural… Continue reading India’s Auto Retail Hits Record High in October as Reforms, Festivals, and Rural Demand Ignite Sales

TVS Motor to sell stake in Rapido to Accel India, Prosus for Rs 287 crore

Three years after the strategic partnership, TVS Motor Company has decided to divest its shares in the Bengaluru-based ride-hailing startup Rapido. The two-and-three-wheeler maker will sell its stake in Rapido to investment firms Accel India and Prosus for Rs 287.93 crore. TVS Motor said it will sell 11,997 Series D compulsory convertible preference shares (CCPS)… Continue reading TVS Motor to sell stake in Rapido to Accel India, Prosus for Rs 287 crore

Pricol Ltd Reports 41.98% Rise in Net Profit in Q2FY26

Pricol Limited reported a 41.98% year-on-year rise in consolidated net profit after tax at Rs 63.99 crore during Q2FY26, the company stated in a regulatory filing. The Coimbatore-based automotive components manufacturer saw its revenue from operations reach Rs 987.93 crore, marking a 51.97% year-on-year increase during Q2FY26 compared with the same period last year. The… Continue reading Pricol Ltd Reports 41.98% Rise in Net Profit in Q2FY26

Minda Corp to Invest Rs 2,000 Crore in 5 Years

Auto component major Minda Corp has earmarked a capital expenditure of Rs 2,000 crore over the next five years as the company looks to grow significantly by the end of this decade, driven by higher contributions from the passenger vehicle business, premiumization, electrification, and exports. The company is targeting 20–25% CAGR growth in its topline… Continue reading Minda Corp to Invest Rs 2,000 Crore in 5 Years

SKF Unveils ARCTIC15 Bearing Steel for Next-Generation Aircraft Engines

SKF has announced the development of ARCTIC15, a patented bearing steel designed to enable advanced aeroengine architectures as the aviation sector works toward significant emissions reductions. The new material addresses industry requirements for rolling bearings capable of operating at higher power densities and speeds beyond current design parameters. Aircraft manufacturers are developing engines aimed at… Continue reading SKF Unveils ARCTIC15 Bearing Steel for Next-Generation Aircraft Engines

e2W industry consolidating, don’t mind market share loss in interim: Ola Electric

Growth in India’s electric two-wheeler market has slowed in recent months, and former market leader Ola Electric has seen its share erode sharply to rivals such as TVS, Bajaj, Ather and Hero MotoCorp, slipping to fourth position this year. Ola Electric Founder, Chairman and MD Bhavish Aggarwal believes the electric two-wheeler market is undergoing consolidation.… Continue reading e2W industry consolidating, don’t mind market share loss in interim: Ola Electric

e2W industry consolidating, don’t mind market share loss in interim: Ola Electric

Minda Corporation Reports 19% Revenue Growth in Q2 FY2026

Minda Corporation Limited, the flagship company of Spark Minda, reported its financial results for the second quarter ended September 30, 2025, recording a consolidated revenue of Rs 1,535 crore, marking a 19% year-on-year growth. The company’s profit after tax stood at Rs 85 crore for the quarter, representing a 13.9% increase compared to the same… Continue reading Minda Corporation Reports 19% Revenue Growth in Q2 FY2026

Numeros Motors Launches n-First Electric Two-Wheeler at ₹64,999

Numeros Motors unveiled its latest electric two-wheeler, the n-First, at a launch event in Bengaluru today. The vehicle, designed in collaboration with Italian design firm Wheelab, is positioned as an affordable urban mobility solution with an introductory price of ₹64,999 for the first 1,000 customers. The n-First features a design that blends characteristics of both… Continue reading Numeros Motors Launches n-First Electric Two-Wheeler at ₹64,999

Greaves Cotton Unveils GREAVES.NEXT Strategy Targeting Sustainable Growth

Greaves Cotton Limited has introduced GREAVES.NEXT, a strategic framework designed to guide the company’s next phase of development across three core business areas. The diversified engineering company announced the strategy will focus on Energy Solutions, Mobility Solutions, and Industrial Solutions, marking a shift toward becoming what it describes as a future-ready engineering organization with emphasis… Continue reading Greaves Cotton Unveils GREAVES.NEXT Strategy Targeting Sustainable Growth