Apollo Tyres, which commands a fourth of India’s passenger-car radial segment in the aftermarket, is looking to expand its rural footprint in the country. The Gurugram-headquartered company states that it is witnessing higher growth from India’s hinterlands and is, therefore, strengthening its presence in these markets which include Rajasthan, Uttar Pradesh and Madhya Pradesh. At… Continue reading Apollo Tyres targets higher growth from rural India with expanded distribution network
Author: Autocar_Professional India Online News
Car and SUV users in Bengaluru and Pune took over 27 minutes to travel 10km in CY2023
The findings of the 2023 TomTom Traffic Index are out and four Indian cities – Bengaluru, Pune, Delhi and Mumbai – are among the 387 cities in 55 countries on six continents surveyed for their traffic trends. The latest and 13th edition of the global study covers metrics such as congestion, average travel time, the… Continue reading Car and SUV users in Bengaluru and Pune took over 27 minutes to travel 10km in CY2023
ASK Automotive’s Q3 consol profit up 71% YoY; Board okays Rs 219 crore for new facility
ASK Automotive Ltd today reported a 71% growth in its consolidated net profit for the October-December quarter on a year-on-year basis, while the company’s board approved a capital expenditure of Rs 219 crore for a new plant in Karnataka. The third quarter profit was driven by the robust traction in its aluminum lightweighting precision solutions… Continue reading ASK Automotive’s Q3 consol profit up 71% YoY; Board okays Rs 219 crore for new facility
Ashok Leyland’s Q3 net profit jumps 60% YoY on double-digit margin
Ashok Leyland posted strong growth of 60% in its standalone net profit for the October-December quarter despite a low-single-digit growth in its revenue as the company managed to improve its margins considerably on the back of better price realisation and lower input cost. The commercial vehicle major’s standalone profit for the quarter came in at… Continue reading Ashok Leyland’s Q3 net profit jumps 60% YoY on double-digit margin
SIAM’s ‘Surakshit Safar’ Pavilion promotes road safety at Bharat Mobility Global Expo 2024
The Society of Indian Automobile Manufacturers (SIAM) took a proactive step towards addressing the issue of rising road accidents in India by organising the ‘Surakshit Safar’ (Safe Journey) Pavilion at the Bharat Mobility Global Expo 2024. In collaboration with mobility solution provider Rosmerta, SIAM’s Road Safety initiative focused on the 4Es: Education, Enforcement, Engineering, and… Continue reading SIAM’s ‘Surakshit Safar’ Pavilion promotes road safety at Bharat Mobility Global Expo 2024
Hyundai i20 Sportz (O) priced at Rs 8.73 lakh
The Hyundai i20 facelift was launched in the Indian market back in September 2023 and the brand has now introduced a new Sportz (O) trim that is Rs 35,000 dearer than the Sportz trim, which sits below the new trim. The Sportz (O) is priced at Rs 8.73 lakh (ex-showroom) for the monotone paint options, while the dual-tone paint… Continue reading Hyundai i20 Sportz (O) priced at Rs 8.73 lakh
Automotive Skill Development Council showcases skilling initiatives at Bharat Mobility Expo
Automotive Skill Development Council (ASDC), operating under the Ministry of Skill Development and Entrepreneurship, showcased its skilling initiatives at the Bharat Mobility Expo, the stalls of which were visited by Dr Pawan Goenka (former president ASDC), Vinkesh Gulati (VP ASDC), and other industry veterans paid a visit. The expo served as a platform for ASDC to talk… Continue reading Automotive Skill Development Council showcases skilling initiatives at Bharat Mobility Expo
Greave Retail’s retail brand AutoEVmart starts selling Zero21’s electric 3Ws
With this, Zero21’s electric three-wheeler models, such as Chalo and Teer, are available at over 100 AutoEVmart outlets in Tier 1,2, and 3 markets Greaves Retail’s multi-brand electric vehicle retailer AutoEVmart has tied up with Hyderabad-based electric three-wheeler maker Zero21 to sell the original equipment maker’s passenger and cargo three-wheelers. “The partnership aims to accelerate… Continue reading Greave Retail’s retail brand AutoEVmart starts selling Zero21’s electric 3Ws
Vanguard cuts Ola valuation by 29% to USD 1.88 billion: Report
Investment management firm Vanguard has slashed the valuation of Ola’s parent company ANI Technologies to USD 1.88 billion, as of November 30, as per an ET report. This is a 29% markdown from the earlier fair value of USD 2.65 billion as of 31 August, according to regulatory filings with the SEC, according to the… Continue reading Vanguard cuts Ola valuation by 29% to USD 1.88 billion: Report
igus introduces industry-first UL-listed motor cable for cable tray and energy chains
igus has launched the world’s first motor cable designed for energy chains and cable trays with UL approval, offering a four-year functional guarantee. The CF33.UL motor cable allows seamless cable laying from the energy chain to the cable tray without requiring a plug connection in between. This innovation also introduces a shielded PVC motor cable… Continue reading igus introduces industry-first UL-listed motor cable for cable tray and energy chains