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
Author: Autocar_Professional India Online News
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
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
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