Autocar_Professional India Online News – Page 1250

Tata Motors has revised JLR EBIT margin guidance upwards to 8%

Tata Motors, the country’s largest automobile company by revenues expects a strong second half of the year and has revised its EBIT guidance for Jaguar Land Rover higher by 200 basis points to 8 percent for FY-24. During the current financial year, Tata Motors expects a free cash flow of 2 billion pounds and net… Continue reading Tata Motors has revised JLR EBIT margin guidance upwards to 8%

IPO bound ASK Automotive plans Rs 400 crore investment capex

ASK Automotive which reported a turnover of Rs 2,555 crore in FY23, aims to invest roughly Rs 400 crore for expansion of operations. ASK Automotive is planning to raise Rs 854 crore from the issue of 2.9 crore shares in an offer for sale, and the company’s price band is Rs 268-Rs 282 per share. Kuldeep… Continue reading IPO bound ASK Automotive plans Rs 400 crore investment capex

IPO bound ASK Automotive plans Rs 400 crore investment capex

Hero MotoCorp eyes volumes of over 1.3 million units in Navratri to Diwali festive period

Hero MotoCorp, the country’s largest two-wheeler maker, is hoping to sell over 1.3 million units this festive season – registering a double-digit growth in the key festive period of Navratri to Diwali. Niranjan Gupta, CEO of Hero MotoCorp told analysts on Thursday that the demand momentum has been very good and both rural and urban… Continue reading Hero MotoCorp eyes volumes of over 1.3 million units in Navratri to Diwali festive period

Hero MotoCorp eyes volumes of over 1.3 million units in Navratri to Diwali festive period

Montra Electric’s Super Auto wins 2023 International Red Dot Design Award

Montra Electric, the EV brand Murugappa Group, has won the International Red Dot Design Award for 2023 in the “Design Concept” category at Singapore. The company won the award for its three wheeler Super Auto under “Innovative Last Mile Mobility Electric Passenger Vehicle”. This year, from a pool of over 3,400 innovative product submissions from… Continue reading Montra Electric’s Super Auto wins 2023 International Red Dot Design Award

BorgWarner to deliver High Voltage Coolant Heaters to a global OEM

BorgWarner has signed an agreement with an undisclosed major global OEM to supply its 400V High Voltage Coolant Heaters (HVCH) for the automaker’s European light vehicle program. The anticipated start of production for the HVCH technology is in 2026. This business win marks the second HVCH contract secured with the global automaker over the course of… Continue reading BorgWarner to deliver High Voltage Coolant Heaters to a global OEM

BorgWarner to deliver High Voltage Coolant Heaters to a global OEM

EVs drive Minda Corp order book to Rs 6,500 crore in H1 FY24

The Noida-headquartered Minda Corporation, which is a leading player in automotive locking and security systems, as well as plastic parts among others, has delivered consolidated revenue of Rs 1,196 crore in Q2FY24 to register a year-on-year growth of 7 percent. The company attributes the growth towards robust demand in the domestic market, an increasing share… Continue reading EVs drive Minda Corp order book to Rs 6,500 crore in H1 FY24