Bengaluru-based smart electric scooter OEM Ather Energy is set to introduce a new low-cost electric scooter, which is expected to be called the 450S. The company has trademarked the ‘450S’ nametag, suggesting that a launch may not be that far away. Ather Energy had applied for the 450S trademark in late March 2023 and the… Continue reading Ather Energy plans low-cost electric scooter
Author: Autocar_Professional India Online News
Apollo Tyres PAT zooms 4-fold at Rs 427 crore in Q4
Homegrown tyre maker Apollo Tyres reported close to a four-fold increase in consolidated profit at Rs 427 crore, for the fourth quarter ended March 31, 2023. The company had posted Rs 113 crore consolidated net profit in the same period last fiscal. The company’s revenue from operations was up 12%, at Rs 6,247 crore, as… Continue reading Apollo Tyres PAT zooms 4-fold at Rs 427 crore in Q4
Castrol India reports 11% drop in PAT at Rs 208 crore in 1Q 2023
Automotive and industrial lubricant manufacturing company Castrol has reported an 11 percent decline in profit after tax of Rs 203 crore, for the quarter ended March 31, 2023. The company had reported a profit after tax of Rs 228 crore in the same quarter in CY2022. The company has reported a 5 percent jump in… Continue reading Castrol India reports 11% drop in PAT at Rs 208 crore in 1Q 2023
Gabriel partners with Inalfa Roof Systems for local sunroof manufacturing at Chennai
Gabriel India, ANAND Group’s flagship company, has signed a Technical Collaboration and Alliance agreement with Inalfa Roof Systems to manufacture sunroofs for the Indian automotive market. Inalfa Roof Systems is a US$1.5 billion Dutch roof systems provider for the automotive and truck industry. Gabriel India aims to invest Rs 170 crore into the technical collaboration… Continue reading Gabriel partners with Inalfa Roof Systems for local sunroof manufacturing at Chennai
‘Skoda aims to bring Enyaq in FY24 to India’: Petr Solc, Brand Director, Skoda Auto India
Skoda aims to bring in the Enyaq EV in the current fiscal year. That’s the word coming in from Petr Solc, Brand Director, Skoda Auto India. “We will start with the Enyaq which we will bring in the current fiscal year, and then we would like to test the market and if the market is… Continue reading ‘Skoda aims to bring Enyaq in FY24 to India’: Petr Solc, Brand Director, Skoda Auto India
Kia launches Sonet Aurochs Edition at Rs 11.85 lakh
Kia has launched the Sonet Aurochs Edition at a starting price of Rs 11.85 lakh (ex-showroom). This new edition is based on the HTX trim level and is available with the 1.0-litre turbo-petrol and the 1.5-litre turbo-diesel engines. The Aurochs Edition sits between the HTX and HTX+ trims in the Sonet’s variant line-up. Here’s a break-up of the… Continue reading Kia launches Sonet Aurochs Edition at Rs 11.85 lakh
FADA voices concern about illegal sale of two-wheelers by unauthorised multi-brand outlets
The Federation of Automobile Dealers Associations (FADA), in collaboration with the Delhi and Mumbai State Transport Department, has expressed concern over the illegal practice of unauthorised multi-brand outlets (MBOs) selling two-wheelers. FADA has reported that these MBOs are acquiring unregistered vehicles in bulk from dealers and reselling them to customers at discounted rates, higher than the prices offered by… Continue reading FADA voices concern about illegal sale of two-wheelers by unauthorised multi-brand outlets
Tech Talk: How EVs can still make use of solar panels
A quick comparison on how much energy an electric car needs with how much a commercial solar panel harvests quickly dispels any notion of realistically powering EVs using them. That’s not to say the idea hasn’t been tried, though. In fact, the idea goes all the way back to 1955 and General Motors’ Sunmobile. But… Continue reading Tech Talk: How EVs can still make use of solar panels
Understanding the legalities of Minda Corporation’s attempt to acquire additional stake in Pricol
The Indian automotive industry has been abuzz with news of Minda Corporation’s recent decision to acquire a 15.7% stake worth Rs 400 crore in rival Pricol Ltd. While Minda initially brushed off the move as putting extra money to good use, the market speculated it as a hostile takeover. Pricol’s top management promptly responded by… Continue reading Understanding the legalities of Minda Corporation’s attempt to acquire additional stake in Pricol
Craftsman Automation Q4 PAT up 51% at Rs 77.66 crore
Bengaluru-based diversified engineering company Craftsman Automation has reported a 51 percent jump in its consolidated net profit at Rs 77.66 crore during the fourth quarter ended March 31, 2023. The company had posted Rs 51.46 crore net profit in the same quarter year ago. The company’s total consolidated income stood at Rs 985.25 crore in… Continue reading Craftsman Automation Q4 PAT up 51% at Rs 77.66 crore