Autocar_Professional India Online News – Page 1465

‘Confident of holding on to 80% market share despite new competition’: Siddhartha Lal

Despite new competition from Harley Davidson and Triumph, Royal Enfield promoter Siddhartha Lal – the MD of Eicher Motors is confident of holding on to 80% market share in the mid to long term in the fast gorwing mid-size motorcycle segment (250 to 750 cc). Speaking to the media in the Q1 earnings call, Lal,… Continue reading ‘Confident of holding on to 80% market share despite new competition’: Siddhartha Lal

‘Confident of holding on to 80% market share despite new competition’: Siddhartha Lal

Eicher Motors’ Q1 PAT up 50% at Rs 918 crore

Iconic bike Royal Enfield manufacturer Eicher Motors reported a 50.4% jump in its June quarter (Q1 FY24) profit of Rs 918 crore. The company posted Rs 610.66 crore in PAT in the corresponding quarter a year ago. Eicher Motors’ total revenue from operations for the quarter was recorded at Rs 3,986 crore, up 17.3% as… Continue reading Eicher Motors’ Q1 PAT up 50% at Rs 918 crore

Royal Enfield has built a fortress, won’t be easy for robbers to penetrate, says Siddhartha Lal

Siddhartha Lal, MD of Eicher Motors says Royal Enfield has built a fortress and it won’t be easy for robbers to penetrate it. This hesitant repartee came from Lal on queries from the media about Rajiv Bajaj’s comment on how the money lies in the mid-size segment for motorcycles. During the Triumph launch, Rajiv Bajaj, MD… Continue reading Royal Enfield has built a fortress, won’t be easy for robbers to penetrate, says Siddhartha Lal

ACMA’s Automotive Raw Materials Conclave and Exhibition stresses need for new-age sustainable materials

The Automotive Component Manufacturers Association of India (ACMA) in partnership with the Alloy Steel Producers Association (ASPA) organised the third edition of the Automotive Raw Materials Conclave and Exhibition. The event, which was held in New Delhi on August 3, was centered around the subject – ‘New Age Materials – Challenges & Opportunities’ – and… Continue reading ACMA’s Automotive Raw Materials Conclave and Exhibition stresses need for new-age sustainable materials

Odysse Electric Vehicles bags order for 10,000 units of its electric scooter from bud-e

Odysse Electric Vehicles, an electric vehicle manufacturer, has secured an order for 10,000 units of its electric scooter, from bud-e, an EV two-wheeler MaaS provider. The delivery will be completed in phases over the next two years. The partnership will bring significant benefits to bud-e, including scalability, and cost savings, the press release noted. Nemin… Continue reading Odysse Electric Vehicles bags order for 10,000 units of its electric scooter from bud-e

Odysse Electric Vehicles bags order for 10,000 units of its electric scooter from bud-e

Minda Corporation Q1 PAT down 14% at Rs 45 crore

Tier-1 auto component maker Minda Corporation reported a 13.9% decline in its profit after tax at Rs 45 crore for the quarter ended June 2023 (Q1 FY24). The company posted a Rs 52 crore net profit in the same quarter a year ago. However, the company posted a 6.4% growth in its operating revenue to… Continue reading Minda Corporation Q1 PAT down 14% at Rs 45 crore

India to overtake Japan for second year in a row in light vehicle sales: S&P Global Mobility

India is likely to overtake Japan to become the third-largest car market in the world, for the second year in a row, S&P Global Mobility has stated. It adds that the growing economy, higher disposable income, rising aspirations of the middle class, and the rapid pace of infrastructural developments is accelerating this trend. Autocar Professional was… Continue reading India to overtake Japan for second year in a row in light vehicle sales: S&P Global Mobility

Lamborghini Revuelto to launch in India in this December

Lamborghini is all set to launch the Revuelto plug-in hybrid supercar in India in December. Revealed earlier this year, the Revuelto is a replacement for the Aventador – Lamborghini’s flagship supercar. It is the firm’s first plug-in hybrid supercar and features an all-new naturally aspirated V12 engine. The Revuelto gets a new 6.5-litre V12 engine that is coupled… Continue reading Lamborghini Revuelto to launch in India in this December