India Auto Inc, which closed FY2023 with total automobile sales of 21.20 million units (up 20% YoY) across the two- and three-wheeler, passenger and commercial vehicle segments, maintains its growth momentum in the ongoing fiscal year. In the first quarter of FY2024 (April-June 2023), cumulative wholesales of these four vehicle segments were nearly 5.5 million… Continue reading Maharashtra tops in car and CV sales in Q1 FY2024, UP in two- and three-wheelers
Author: Autocar_Professional India Online News
Maharashtra tops in car and CV sales in Q1 FY2024, UP in two- and three-wheelers
India Auto Inc, which closed FY2023 with total automobile sales of 21.20 million units (up 20% YoY) across the two- and three-wheeler, passenger and commercial vehicle segments, maintains its growth momentum in the ongoing fiscal year. In the first quarter of FY2024 (April-June 2023), cumulative wholesales of these four vehicle segments were nearly 5.5 million… Continue reading Maharashtra tops in car and CV sales in Q1 FY2024, UP in two- and three-wheelers
Maharashtra tops in car and CV sales in Q1 FY2024, UP in two- and three-wheelers
India Auto Inc, which closed FY2023 with total automobile sales of 21.20 million units (up 20% YoY) across the two- and three-wheeler, passenger and commercial vehicle segments, maintains its growth momentum in the ongoing fiscal year. In the first quarter of FY2024 (April-June 2023), cumulative wholesales of these four vehicle segments were nearly 5.5 million… Continue reading Maharashtra tops in car and CV sales in Q1 FY2024, UP in two- and three-wheelers
Uno Minda Q1 PAT up 24% at Rs 173 crore
Leading automotive component and solution provider Uno Minda reported 24% growth in its consolidated profit after tax (PAT) at Rs 173 crore in the first quarter ended June 2023 on the back of growth across product segments led by automotive lighting and alloy wheels. The company posted Rs 139 crore in PAT in the corresponding… Continue reading Uno Minda Q1 PAT up 24% at Rs 173 crore
Jaguar Land Rover India nearly doubles its net profit to Rs 267 crore in FY23
Jaguar Land Rover India nearly doubled its net profit to Rs 267 crore in the fiscal year ending March 2023, according to the luxury carmaker’s most recent corporate filings with the Ministry of Corporate Affairs (MCA). On a year-on-year (YoY) basis, its revenues increased by 48% to Rs 2240 crore during the same period, on… Continue reading Jaguar Land Rover India nearly doubles its net profit to Rs 267 crore in FY23
LOHUM and Vecmocon partner to accelerate EV battery adoption and enable easy financing
LOHUM, a producer of sustainable energy transition materials and Vecmocon, an Indian EV intelligence company backed by Tiger Global & Blume Ventures, have joined forces to revolutionise the lifecycle management of electric vehicle batteries. This strategic partnership aims to accelerate the widespread adoption of EVs by combining the pioneering battery testing technology of LOHUM and… Continue reading LOHUM and Vecmocon partner to accelerate EV battery adoption and enable easy financing
Emitec eyes 30% growth in India, despite the EV shift
Emitec Technologies, a major global player in emission control technologies for the automotive industry, is redrawing its strategies to grow in India. The company, which recently carved out its separation from Vitesco Technologies, is looking to increase its annual turnover by more than 30% in the next 3–5 years, if not more. The company’s managing… Continue reading Emitec eyes 30% growth in India, despite the EV shift
Varroc reports Rs 55 crore net profit during Q1FY24 on strong demand and Government subsidies
Varroc Engineering (Varroc), a global tier-I auto components group, reported a consolidated net profit of Rs 55 crore during Q1 FY24 as against a loss reported during a similar period last year, on the back of strong performance from domestic and export markets in addition to receiving certain incentives from the government. The company’s revenues,… Continue reading Varroc reports Rs 55 crore net profit during Q1FY24 on strong demand and Government subsidies
Mercedes Benz launches all new GLC at Rs 73.5 lakh to Rs 74.5 lakh, receives over 1500 bookings in 15 days
Mercedes Benz, the country’s largest luxury car maker has received an order book of 1,500 GLCs within a couple of weeks of opening the bookings, which is an average of an impressive 100 bookings per day. This swelled the company’s order book to 3500 to 4000 cars, amounting to almost Rs 3000 crore of revenue,… Continue reading Mercedes Benz launches all new GLC at Rs 73.5 lakh to Rs 74.5 lakh, receives over 1500 bookings in 15 days
Amazon to deploy 1,000 Eicher electric trucks for middle and last-mile deliveries in India
Eicher Trucks and Buses, a business division of VE Commercial Vehicles (VECV), has announced a collaboration with Amazon to further enable the electrification of Amazon’s middle-mile and last-mile delivery operations in India. The partnership aims to introduce up to 1,000 zero-emission electric trucks across various payload categories into Amazon’s delivery operations over the next five… Continue reading Amazon to deploy 1,000 Eicher electric trucks for middle and last-mile deliveries in India