Autocar_Professional India Online News – Page 1371

Piyush Goyal to meet Elon Musk against backdrop of market entry discussions: Report

Talks between the Tesla CEO and Piyush Goyal will centre on Tesla’s plans to establish a factory, manufacturing a $24,000 car here, besides sourcing components and setting up charging infrastructure pan India, one of the two persons in the know informed the newswire. In what is expected to be the most high profile meeting since Elon… Continue reading Piyush Goyal to meet Elon Musk against backdrop of market entry discussions: Report

Apollo Tyres shifts focus to larger tyre sizes in response to SUV demand

Apollo Tyres, a prominent tyre supplier in the automotive sector, is strategically redirecting its attention towards tyre sizes of 14 inches and above. This decision is a direct response to the surging demand for sports utility vehicles (SUVs), which has led to a noticeable shift in the market’s preference for larger-sized tyres. The shift in… Continue reading Apollo Tyres shifts focus to larger tyre sizes in response to SUV demand

SKF India Q2 FY23-24 net profit down 43%

SKF India, a supplier of bearings to automotive and other sectors, reported a net profit of Rs 899.7 crore during Q2 FY24, translating into a 43% slide against Rs 1558.3 crore registered in Q2 FY23. The operating revenues, on the other hand, improved moderately by 4% to Rs 1,125.2 crore during Q2 FY24 as compared to Rs 1,078.3 crore… Continue reading SKF India Q2 FY23-24 net profit down 43%

SKF India Q2 FY23-24 net profit down 43%

Pricol reports consolidated revenue of Rs 562.66 crore in Q2 FY24

Coimbatore-based auto component maker Pricol reported revenue of Rs 562.662 crore in Q2 FY24, translating to a year on year growth of 12.31%. The company’s profit after tax was Rs 33.115 crore, for the second quarter of this financial year. The company’s Q2FY24 EBITDA stood at Rs 69.86 crore, registering a year on year growth… Continue reading Pricol reports consolidated revenue of Rs 562.66 crore in Q2 FY24

Yamaha Motor India introduces new offers for festive season

Yamaha Motor India has announced special offers in lieu of Diwali festivities. The exclusive offers are currently applicable on Yamaha’s 150cc FZ model range and 125 FI Hybrid scooters. The offer details encompass a range of incentives for Yamaha customers. Prospective buyers of the 150cc FZ-X model are eligible for an instant cashback of Rs… Continue reading Yamaha Motor India introduces new offers for festive season

Yamaha Motor India introduces new offers for festive season

Volkswagen India inaugurates new touchpoint in Ajmer

Volkswagen India inaugurates new touchpoint in Ajmer, bringing the total network in the state at seven sales and six service touchpoints. The Volkswagen Ajmer showroom will showcase the GNCAP 5-Star line-up of Volkswagen Taigun and Virtus, as well as the Brand’s global bestseller Tiguan. The new 3S facility in Ajmer is dedicated to delivering a… Continue reading Volkswagen India inaugurates new touchpoint in Ajmer

GoMechanic secures $6 million in funding

GoMechanic, a car repair services firm, has secured $6 million in funding. Marquee’s family’s office invested in the company now acquired by Servizzy, a subsidiary of the Lifelong Group, besides existing shareholders, including Stride ventures. GoMechanic has expanded its business lines, including ‘GoMechanic Service Business’, ‘GoMechanic Spares,’ and ‘GoMechanic Accessories’. The company has experienced remarkable growth, with… Continue reading GoMechanic secures $6 million in funding