Autocar_Professional India Online News – Page 1537

Despite subsidy reduction, EV two wheelers better than petrol run vehicles on operating economics, says Rakesh Sharma ED, Bajaj Auto

Despite the correction in FAME Subsidy, the operating economics is still loaded in favour of electric two-wheelers, says Rakesh Sharma, the Executive Director of Bajaj Auto. The maker of Chetak expects the dust to settle down in a few months and expects the electric two-wheeler market to grow by 15 to 25 percent as against… Continue reading Despite subsidy reduction, EV two wheelers better than petrol run vehicles on operating economics, says Rakesh Sharma ED, Bajaj Auto

First batch of Triumph Speed 400s rolls out of Bajaj Auto plant

Three weeks after the Bajaj Auto-Triumph Motorcycles combine launched the Triumph Speed 400 at Rs 223,000 for the first 10,000 units, the Pune-based Bajaj Auto has rolled out the first batch of the locally manufactured motorcycle from its Chakan plant. The Triumph Speed 400 and its sibling Scrambler 400 are the first products to come from… Continue reading First batch of Triumph Speed 400s rolls out of Bajaj Auto plant

Ceat Q1FY24 PAT jumps over 15 times at Rs 144 crore

On a consolidated basis, the company’s revenue closed at Rs 2,935 crore, up 4.1% in Q1FY24, as compared to Rs 2,818.4 crore in the same period a year ago. During the quarter under review, the company’s EBITDA margin stood at 13.1%. Tyremaker Ceat has reported an over 15-fold jump in its consolidated profit after tax… Continue reading Ceat Q1FY24 PAT jumps over 15 times at Rs 144 crore

Tata Motors simplifies capital structure

The Board of Tata Motors has approved a Scheme of Arrangement for capital reduction of ‘A’ ordinary shares, which will result in a 4.2% reduction in the number of outstanding equity shares. Ordinary shares will be issued as a consideration for the reduction. The termination of the ADS (American Depository Shares) program from the NYSE, along… Continue reading Tata Motors simplifies capital structure

Maruti, Hyundai, Tata, Toyota: CNG strategies explained

Earlier in July, we reported that CNG sales dipped by 5 percent in the first six months of 2023, compared to the same period last year. While this dip in sales could be on account of supply constraints, manufacturers continue to bet on CNG power and expect strong demand going forward. Interestingly, the top three manufacturers in… Continue reading Maruti, Hyundai, Tata, Toyota: CNG strategies explained

Maruti, Hyundai, Tata, Toyota: CNG strategies explained

With multiple new launches lined up starting festive season, We will start batting now, says P B Balaji, Group CFO, Tata Motors

Tata Motors – the country’s third largest car maker will be investing close to a billion dollars in FY24 – its highest-ever annual investment to sustain the growth momentum in passenger vehicles and seize back lost share in a highly competitive commercial vehicle market. With the festive season around the corner, the company is getting… Continue reading With multiple new launches lined up starting festive season, We will start batting now, says P B Balaji, Group CFO, Tata Motors

KPIT Technologies clocks Rs 1,095 crore revenue in Q1 FY24, registers 52% YoY growth

Pune-based KPIT Technologies, which is an independent software integration solutions provider for automotive and mobility industry has announced its Q1 (April to June 2023) FY24 financial results, with the company registering a noticeable 51.7 percent year-on-year (YoY) growth as its revenues touched US $133.9 million or Rs 1,095 crore. The company has also reported almost… Continue reading KPIT Technologies clocks Rs 1,095 crore revenue in Q1 FY24, registers 52% YoY growth

Hendrickson launches air and mechanical suspensions and axles for trailer applications in India

Hendrickson, a leading global manufacturer and supplier of medium and heavy-duty mechanical, elastomeric and air suspensions and other commercial vehicle systems, has launched its innovative air and mechanical suspensions and axles for trailer applications in India. These suspensions will be manufactured locally as part of the Make in India initiative of the Government of India.… Continue reading Hendrickson launches air and mechanical suspensions and axles for trailer applications in India