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
Author: Autocar_Professional India Online News
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
Maruti to manufacture EVs for Toyota, Suzuki for global markets
Maruti Suzuki India Limited (MSIL) will take over the reins of the Gujarat plant from Suzuki Motor Corporation, thereby terminating the contract manufacturing agreement between the two partners. Maruti Suzuki’s first born-EV being jointly developed with Toyota (codename: YV8) is slated to roll out from this plant by 2025. The plant takeover has been approved by the companies’… Continue reading Maruti to manufacture EVs for Toyota, Suzuki for global markets
Hero tops bike, scooter sales chart in July 2023, Honda a close second
Sales figures for the six heavyweights in the Indian two-wheeler market are out for July 2023, and here’s how each company fared. Hero MotoCorp: 3,71,204 units Despite recording a 12.19 percent decline compared to its June 2023 sales figure (4,22,757 units), Hero continues to lead the market. The company also reported a 13.81 percent decline when compared… Continue reading Hero tops bike, scooter sales chart in July 2023, Honda a close second
JBM Auto Q1 net profit up 18% at Rs 30.17 crore
JBM Auto, a manufacturer of buses, spare parts, accessories, and sheet metals, reported an 18.2% increase in its net profit to Rs 30.17 crore in the April-June quarter, as compared to Rs 25.53 crore in Q1 FY23. During the quarter under review, the company’s sales including other operating income, stood at Rs 946.22 crore compared… Continue reading JBM Auto Q1 net profit up 18% at Rs 30.17 crore
Autocar Professional’s August 1, 2023, issue is out!
This super 96-pager is power packed with news, features, interviews and technology articles that will keep you up to date on developments in the Indian and global automotive sector. The highlight of the issue is about the race for electric vehicles (EV) in India and how billions of dollars are lined up in the world’s… Continue reading Autocar Professional’s August 1, 2023, issue is out!
Autocar Professional’s August 1, 2023, issue is out!
This super 96-pager is power packed with news, features, interviews and technology articles that will keep you up to date on developments in the Indian and global automotive sector. The highlight of the issue is about the race for electric vehicles (EV) in India and how billions of dollars are lined up in the world’s… Continue reading Autocar Professional’s August 1, 2023, issue is out!
Temasek to invest Rs 1,200 crore in Mahindra’s EV arm at a valuation of US$ 9.8 billion
Mahindra & Mahindra – India’s number two SUV maker in terms of volumes and Temasek, the Singapore-headquartered global investment firm, have executed a binding agreement for Temasek to invest Rs 1,200 crore into MEAL (Mahindra Electric Automobile Limited), the four-wheeler (4W) passenger electric vehicles company. Temasek will invest Rs 1,200 crore in the form of… Continue reading Temasek to invest Rs 1,200 crore in Mahindra’s EV arm at a valuation of US$ 9.8 billion