Tata Motors Body Solutions Ltd., a part of Mumbai-based Tata Motors, reported a net loss of Rs 24.88 crore for the fiscal year ended March 2023. This is the third consecutive year that the company has reported a loss. Revenues for the year increased 87.8% to Rs 784.80 crore, but this was not enough to… Continue reading Tata Motors Body Solutions posts third straight year of losses, increases focus on EVs
Author: Autocar_Professional India Online News
Uber India completes a decade in India, drivers earn Rs 50,000 crore
Uber India has completed 10 years in India, starting with a few cities, and now operates in more than 125 cities in the country, and helping over 800,000 drivers earn a sustainable income. The press release went on to add that since 2013, 30 lakh drivers have earned over Rs 50,000 crore. It also stated that… Continue reading Uber India completes a decade in India, drivers earn Rs 50,000 crore
Greaves Retail launches Power Raja range of batteries for e-rickshaw
Greaves Retail, a fuel-agnostic mobility solutions provider and a unit of Greaves Cotton Limited, has announced the launch of its complete range of e-rickshaw batteries under the brand ‘Power Raja by Greaves’. The Power Raja batteries, powered by proven lead-acid technology, have been designed to address the specific needs of the e-rickshaw segment and… Continue reading Greaves Retail launches Power Raja range of batteries for e-rickshaw
Toyota halts production at Japan plants due to system malfunction
Malfunction in production order system, which Toyota says was not caused by a cyberattack, temporarily stops operations at 28 lines in 14 plants in Japan. Production is expected to resume on August 30. Toyota has temporarily stopped production at its 14 plants in Japan due to a malfunction in the production order system, which the… Continue reading Toyota halts production at Japan plants due to system malfunction
RIL to invest Rs 75,000 crore to build new energy manufacturing ecosystem
Reliance Industries is on track to deploy Rs 75,000 crore to build a new energy manufacturing ecosystem, Chairman Mukesh Ambani said. The investment will enable the company to accelerate giga-scale production for round-the-clock power and large-scale green hydrogen production for green chemical manufacturing and green mobility. Reliance Industries plans to build a battery gigafactory in… Continue reading RIL to invest Rs 75,000 crore to build new energy manufacturing ecosystem
Toyota unveils Innova HyCross flex-fuel prototype in India
Toyota Kirloskar Motor (TKM) has unveiled the world’s first electrified flex-fuel vehicle prototype, based on the Innova HyCross MPV, which comes powered by a 2.0-litre Atkinson Cycle petrol engine coupled with a hybrid-electric powertrain. The BS-VI Phase-II-compliant Innova HyCross flex-fuel prototype is capable of operating on petrol with ethanol blending higher than 20 percent, which… Continue reading Toyota unveils Innova HyCross flex-fuel prototype in India
Toyota unveils Innova HyCross flex-fuel prototype in India
Toyota Kirloskar Motor (TKM) has unveiled the world’s first electrified flex-fuel vehicle prototype, based on the Innova HyCross MPV, which comes powered by a 2.0-litre Atkinson Cycle petrol engine coupled with a hybrid-electric powertrain. The BS-VI Phase-II-compliant Innova HyCross flex-fuel prototype is capable of operating on petrol with ethanol blending higher than 20 percent, which… Continue reading Toyota unveils Innova HyCross flex-fuel prototype in India
Maruti Suzuki India approves appointment of Arnab Roy as CFO designate
Maruti Suzuki India has approved the appointment of Arnab Roy as CFO designate, with effect from 16 October, 2023 and Whole time CFO, with effect from 1 January 2024. Roy will succeed Ajay Seth, who shall be superannuating from the post of Whole-time CFO of the Company, with effect from the close of business hours of 31… Continue reading Maruti Suzuki India approves appointment of Arnab Roy as CFO designate
Maruti Suzuki has highest PE ratio in the world after Tesla
Maruti Suzuki Limited, the country’s largest vehicle manufacturer, has the highest PE (price to earnings) ratio in the world, Chairman RC Bhargava said at the AGM. “The PE ratio of the company is an indication of how the market perceives management and the way of working. This has increased to 30 now and used to be… Continue reading Maruti Suzuki has highest PE ratio in the world after Tesla
Hero MotoCorp launches Karizma XMR at Rs 1.73 lakh
Reiterating its accelerated focus in the premium segment, Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, today launched the Karizma XMR, at Rs 1.73 lakh. The motorcycle is powered by 210cc Liquid Cooled DOHC Engine, 6 Speed transmission that comes with Slip and Assist Clutch and Dual Channel ABS. With today’s customers looking… Continue reading Hero MotoCorp launches Karizma XMR at Rs 1.73 lakh