Global product engineering and digital services company Tata Technologies is among the Indian companies which have reported strong Q3 FY2024 numbers. For the September-December 2023 quarter, total operating revenue was up 14.7% YoY and 1.6% QoQ to Rs 1,289 crore. Q3 FY2024 turned out to be a good quarter in terms of new business – the… Continue reading Tata Technologies wins four global automotive OEM deals in Q3 FY24
Author: Autocar_Professional India Online News
PSM-backed EESL’s 3825 e-buses tender sees participation from OEMs
Amid the government’s push to boost electric bus adoption through a payment security mechanism (PSM), Energy Efficiency Services Limited’s (EESL) latest tender for the first tranche of 3,825 e-buses of the 10,000 electric buses under the government’s most ambitious PM E Sewa scheme has seen active participation from original equipment makers. Major firms that have participated in… Continue reading PSM-backed EESL’s 3825 e-buses tender sees participation from OEMs
SKF appoints Manish Bhatnagar as President of Industrial Region Americas
SKF has announced immediate changes in Group Management to accelerate strategic transformation and drive profitable growth. Manish Bhatnagar, the current President of Industrial Region India and Southeast Asia (ISEA), has been appointed as the new President of Industrial Region Americas, effective immediately. He will continue to serve as the Managing Director of SKF India Limited… Continue reading SKF appoints Manish Bhatnagar as President of Industrial Region Americas
SIAM Hosts third edition of Global Electrification Mobility Summit (GEMS) at Bharat Mobility Global Expo 2024
The Society of Indian Automobile Manufacturers (SIAM) convened the 3rd Global Electrification Mobility Summit (GEMS) during the Bharat Mobility Global Expo 2024 at Pragati Maidan. Themed ‘Vidhutikaran’ (Electrification): Electrifying India’s Journey towards Sustainable Mobility,” the summit aimed to foster collaboration among stakeholders to advance electrification initiatives, aligning with SIAM’s objective of Building the Nation Responsibly.… Continue reading SIAM Hosts third edition of Global Electrification Mobility Summit (GEMS) at Bharat Mobility Global Expo 2024
Following Rs 1,200 crore pledge, Ashok Leyland invests Rs 662 crore into EV arm
Chennai-based Ashok Leyland, which had previously approved an equity infusion of Rs 1,200 crore into its electric vehicle arm Optare in November last year, made a significant investment of Rs 662 crore during the quarter ending December 2023 (Q3 FY24). According to the company’s management, the remaining amount will be infused into one or more… Continue reading Following Rs 1,200 crore pledge, Ashok Leyland invests Rs 662 crore into EV arm
Vedanta chairman Anil Agarwal outlines USD 4 billion investment plan to double oil production: PTI
Mining conglomerate Vedanta Ltd will invest USD 4 billion over the next three years to double oil production, its chairman Anil Agarwal said on Tuesday as he pushed ahead with an aggressive oil and gas expansion programme, PTI reported. Vedanta is targeting 300,000 barrels per day (15 million tonnes a year) oil output in 3… Continue reading Vedanta chairman Anil Agarwal outlines USD 4 billion investment plan to double oil production: PTI
With strong performance in first 9 months of FY24, Ashok Leyland poised to reach medium-term goals: Dheeraj Hinduja
With commercial vehicle giant Ashok Leyland surpassing the previous high of FY19 on most of the key parameters during the first nine months of FY24, the company’s top leadership says it’s making steady progress toward reaching its ambitious and medium-term goals. In an investor presentation on Tuesday, the management highlighted its growth journey. It recorded… Continue reading With strong performance in first 9 months of FY24, Ashok Leyland poised to reach medium-term goals: Dheeraj Hinduja
Yuma Energy achieves 10 million swaps in its first year of operations
Yuma Energy, a leading battery-as-a-service (BaaS) company formed as a joint venture between Yulu and Magna, marks its first anniversary with a milestone of completing 10 million lifetime battery swaps. Launched in February 2023 with a commitment to a sustainable future, the company currently employs over 500 people across five cities. Yuma’s swapping network facilitates 800,000… Continue reading Yuma Energy achieves 10 million swaps in its first year of operations
Yuma Energy achieves 10 million swaps in its first year of operations
Yuma Energy, a leading battery-as-a-service (BaaS) company formed as a joint venture between Yulu and Magna, marks its first anniversary with a milestone of completing 10 million lifetime battery swaps. Launched in February 2023 with a commitment to a sustainable future, the company currently employs over 500 people across five cities. Yuma’s swapping network facilitates 800,000… Continue reading Yuma Energy achieves 10 million swaps in its first year of operations
Yuma Energy achieves 10 million swaps in its first year of operations
Yuma Energy, a leading battery-as-a-service (BaaS) company formed as a joint venture between Yulu and Magna, marks its first anniversary with a milestone of completing 10 million lifetime battery swaps. Launched in February 2023 with a commitment to a sustainable future, the company currently employs over 500 people across five cities. Yuma’s swapping network facilitates 800,000… Continue reading Yuma Energy achieves 10 million swaps in its first year of operations