Autocar_Professional India Online News – Page 1305

Mahindra Logistics to double its revenue to Rs 10,000 crore by FY26

Mahindra Logistics, the logistics arm of Mahindra & Mahindra (M&M), which is one of its growth gems, is expected to double its revenue to Rs 10,000 crore by FY26, according to CEO Anish Shah. This is due to the rapid growth of the Indian logistics sector and the company’s own initiatives. “This is one business… Continue reading Mahindra Logistics to double its revenue to Rs 10,000 crore by FY26

Mahindra & Mahindra continues to garner 51,000 bookings per month, pending order book at 2.86 lakh units

Mahindra & Mahindra continues to sustain a strong demand momentum for its brand and is garnering an average of 51,000 units booking every month over the last few months. Speaking to media post Q2 FY-24 earnings call, Rajesh Jejurikar, ED and CEO of Auto and Farm business at Mahindra & Mahindra said that the company… Continue reading Mahindra & Mahindra continues to garner 51,000 bookings per month, pending order book at 2.86 lakh units

Mahindra & Mahindra continues to garner 51,000 bookings per month, pending order book at 2.86 lakh units

M&M Q2 Result: Net profit jumps 67% to Rs 3,452 crore

Mumbai-based auto major Mahindra & Mahindra reported a standalone net profit of Rs 3,452 crore, translating to a year-on-year growth of 67%, on the back of strong sales of SUVs. Standalone revenue for the second quarter of FY24 was Rs 25,773, resulting in an increase of 17% on a year-on-year basis. EBITDA in Q2 FY24… Continue reading M&M Q2 Result: Net profit jumps 67% to Rs 3,452 crore

Renault Korea Motors to contract-manufacture Polestar 4 at Busan plant

Swedish electric performance car brand Polestar has confirmed the next step in diversifying its manufacturing footprint. Manufacturing of Polestar 4 in Hangzhou Bay, China, will be complemented with manufacturing in Busan, South Korea, expected to start during the second half of 2025. An agreement has been reached between Polestar, Geely Holding and Renault Korea Motors (RKM),… Continue reading Renault Korea Motors to contract-manufacture Polestar 4 at Busan plant

Renault Korea Motors to contract-manufacture Polestar 4 at Busan plant

Samvardhana Motherson registers 28% growth to clock Rs 23,474 crore in Q2 FY24

Noida-headquartered Tier-1 major of a highly-diversified automotive component product portfolio encompassing wiring harnesses, to rear-view mirrors, and interior trim components among others, Samvardhana Motherson International has reported revenues of Rs 23,474 crore in Q2 FY24, registering a 28 percent year-on-year growth. Its EBITDA, at Rs 2,001 crore, registered a 34 percent growth, while profit-after-tax (PAT)… Continue reading Samvardhana Motherson registers 28% growth to clock Rs 23,474 crore in Q2 FY24

Samvardhana Motherson registers 28% growth to clock Rs 23,474 crore in Q2 FY24

Not looking for investors now; equity infusion will drive Switch Mobility’s future, says Dheeraj Hinduja

Chennai-based Ashok Leyland, which has approved an equity infusion of Rs 1200 crore in its electric vehicle arm, Switch Mobility, has currently put a pause on raising external funding for the time being as it believes that it is enough to meet its development needs for the coming few years. Dheeraj Hinduja, the Executive Chairman of… Continue reading Not looking for investors now; equity infusion will drive Switch Mobility’s future, says Dheeraj Hinduja