Autocar_Professional India Online News – Page 1260

Balkrishna Industries raises capex by 50% to Rs 900 crore for FY24, opens new mould manufacturing unit in Bhuj

Balkrishna Industries, one of the leading manufacturers of over-the-highway (OHT) tyres under the brand name Balkrishna Tyres (BKT), has scaled up its capital expenditure budget by an additional Rs 300 crore, revising it to Rs 900 crore for the ongoing fiscal. This represents a 50% jump over the company’s original capex target of Rs 600… Continue reading Balkrishna Industries raises capex by 50% to Rs 900 crore for FY24, opens new mould manufacturing unit in Bhuj

MAHLE establishes Global Bio-Mobility Center in Brazil

MAHLE has established a Global Bio-Mobility Center in Jundiaí, Brazil to support development and global rollout of environmentally friendly combustion engines with renewable biofuels. Recently, key members of the G20 including Brazil, the United States, India, and European countries like Italy established a Global Biofuels Alliance to accelerate decarbonisation of the transportation sector. The initiative targets stronger… Continue reading MAHLE establishes Global Bio-Mobility Center in Brazil

MAHLE establishes Global Bio-Mobility Center in Brazil

Car Market growth to be stagnant in FY25, Maruti will look to outperform says R C Bhargava

R C Bhargava, the Chairman of Maruti Suzuki says the car industry’s growth rate next year is likely to be stagnant or flat in FY25 due to the continued sluggish performance of the small car segment. “I am told that the industry is not very optimistic for next year, the growth rate is virtually at… Continue reading Car Market growth to be stagnant in FY25, Maruti will look to outperform says R C Bhargava

TVS Ronin Special Edition launched at Rs 1.72 lakh

TVS Motor Company has launched the special edition Ronin variant at Rs 1.72 lakh this festive season. Speaking on the occasion, Vimal Sumbly, Head Business – Premium, TVS Motor Company, said, “As a passionate motorcyclist, there’s no telling where your ride will take you or what unexpected experiences you’ll encounter along the way – that’s where… Continue reading TVS Ronin Special Edition launched at Rs 1.72 lakh

‘Hybrids cleaner than EVs in Indian scenario for at least next 8-10 years’: RC Bhargava

With over 70 percent of India’s power generation coming from coal-based power plants in the present day, an accelerated shift towards electric vehicles (EVs) might not be the ideal solution for the country, which is on a mission to achieve carbon neutrality by 2070, as well as lower its transportation emissions. While EVs have gained… Continue reading ‘Hybrids cleaner than EVs in Indian scenario for at least next 8-10 years’: RC Bhargava

‘Hybrids cleaner than EVs in Indian scenario for at least next 8-10 years’: RC Bhargava

Without growing small car segment, Indian market can’t grow even at 6-7 percent, says R C Bhargava

R C Bhargava, the Chairman of India’s largest car maker Maruti Suzuki says “small car growth” is essential for long-term car growth in the country. Speaking to the media post the Q2 FY-24 earnings, Bhargava said “The future growth of sedan and SUV will come from small cars. We will not get large growth without… Continue reading Without growing small car segment, Indian market can’t grow even at 6-7 percent, says R C Bhargava

Schaeffler’s India unit Q2 profit rises 8% to Rs 233 crore on robust demand

Auto components maker Schaeffler India reported an 8% rise in second-quarter profit on Friday, led by the demand for automotive products amid a nascent recovery in rural demand. Standalone profit for the Indian unit of Germany’s Schaeffler AG was Rs 233 crore ($28.00 million) in the quarter ended Sept. 30, compared with Rs 215 crore… Continue reading Schaeffler’s India unit Q2 profit rises 8% to Rs 233 crore on robust demand