Piaggio Group has reported a net profit of 68 million euro for the first half of 2023, which is the Italian motor vehicle manufacturer’s best first-half performance, up 43.4% from 45.2 million euros, on 30 June, 2022. The company reported consolidated net sales, up 11.3% to 1,172 million euro, the best result ever reported for… Continue reading Piaggio Group reports net profit of Euro 68 million for first half of 2023
Author: Autocar_Professional India Online News
Sundram Fasteners Q1 profit down 7% at Rs 129cr
Auto components maker Sundram Fasteners reported a 7% decline in its consolidated profit for the April-June quarter (Q1 FY24) at Rs 128.74 crore. The Chennai-based firm registered a consolidated profit at Rs 138.03 crore during the corresponding quarter of last year. Meanwhile, the company’s revenue from operations also dipped 2% in Q1 FY24 at Rs… Continue reading Sundram Fasteners Q1 profit down 7% at Rs 129cr
Sundram Fasteners Q1 profit down 7% at Rs 129cr
Auto components maker Sundram Fasteners reported a 7% decline in its consolidated profit for the April-June quarter (Q1 FY24) at Rs 128.74 crore. The Chennai-based firm registered a consolidated profit at Rs 138.03 crore during the corresponding quarter of last year. Meanwhile, the company’s revenue from operations also dipped 2% in Q1 FY24 at Rs… Continue reading Sundram Fasteners Q1 profit down 7% at Rs 129cr
Hyundai and Kia introduce blockchain-based CO2 emission monitoring system for suppliers
Hyundai Motor Company and Kia Corporation have introduced an AI-enabled, blockchain-based Supplier CO2 Emission Monitoring System (SCEMS) to manage the carbon emissions of its cooperative business partners or suppliers. SCEMS is designed to compute carbon emissions at every stage of a cooperative partner’s supply chain while assuring data transparency and integrity. Hyundai Motor and Kia state… Continue reading Hyundai and Kia introduce blockchain-based CO2 emission monitoring system for suppliers
Hyundai and Kia introduce blockchain-based CO2 emission monitoring system for suppliers
Hyundai Motor Company and Kia Corporation have introduced an AI-enabled, blockchain-based Supplier CO2 Emission Monitoring System (SCEMS) to manage the carbon emissions of its cooperative business partners or suppliers. SCEMS is designed to compute carbon emissions at every stage of a cooperative partner’s supply chain while assuring data transparency and integrity. Hyundai Motor and Kia state… Continue reading Hyundai and Kia introduce blockchain-based CO2 emission monitoring system for suppliers
Onsemi and Magna target growing global EV market, invest in SiC manufacturing
onsemi, a leader in intelligent power and sensing technologies, and Magna, one of the world’s largest automotive suppliers, have announced a long-term supply agreement (LTSA) for Magna to integrate onsemi’s EliteSiC intelligent power solutions into its eDrive systems. By integrating onsemi’s industry-leading EliteSiC MOSFET technology, Magna eDrive systems can offer better cooling performance and faster… Continue reading Onsemi and Magna target growing global EV market, invest in SiC manufacturing
Car and bike OEMs in India recall 5.4 million vehicles since 2012
On July 24, Maruti Suzuki India recalled 87,599 S-Presso hatchbacks and Eeco vans to inspect them for a possible defect in a part of the steering tie-rod, which could affect vehicle steerability and handling. This was Maruti’s fourth recall in the year to date (January-July 24 2023) and its third largest since apex industry body… Continue reading Car and bike OEMs in India recall 5.4 million vehicles since 2012
Car and bike OEMs in India recall 5.4 million vehicles since 2012
On July 24, Maruti Suzuki India recalled 87,599 S-Presso hatchbacks and Eeco vans to inspect them for a possible defect in a part of the steering tie-rod, which could affect vehicle steerability and handling. This was Maruti’s fourth recall in the year to date (January-July 24 2023) and its third largest since apex industry body… Continue reading Car and bike OEMs in India recall 5.4 million vehicles since 2012
Car and bike OEMs in India recall 5.4 million vehicles since 2012
On July 24, Maruti Suzuki India recalled 87,599 S-Presso hatchbacks and Eeco vans to inspect them for a possible defect in a part of the steering tie-rod, which could affect vehicle steerability and handling. This was Maruti’s fourth recall in the year to date (January-July 24 2023) and its third largest since apex industry body… Continue reading Car and bike OEMs in India recall 5.4 million vehicles since 2012
Sona Comstar reports 48% profit at Rs 112 crore for Q1FY24
Automotive component supplier, Sona Comstar has reported a 48% rise in net profit of Rs 112 crore, for the first quarter of FY24. It reported a 24% growth in revenues, which came in at Rs 732 crore. The company’s revenues from the BEV segment grew by 13% on a year-on-year basis during Q1FY24, representing 26%… Continue reading Sona Comstar reports 48% profit at Rs 112 crore for Q1FY24