Auto component maker Uno Minda reported a 27% growth in its consolidated profit after tax (PAT) at Rs 183 crore for the fourth quarter ended March 2023. The company posted Rs 144 crore in consolidated PAT in the same quarter a year ago. Meanwhile, its consolidated revenue from operations jumped by Rs 2,889 crore in Q4… Continue reading Uno Minda Q4 PAT up 27 % at Rs 183 crore
Author: Autocar_Professional India Online News
Road design needs to be improved to prevent accidents: Harish Baijal, Ex-DIG of Maharashtra police
Harish Baijal, a former Deputy Inspector General of the Maharashtra Police, has called for a comprehensive approach to road safety in India. He said that the country needs to improve driver education, create safer road designs, and enact stricter licensing laws. He also said that vehicle manufacturers should be more proactive in incorporating safety features into… Continue reading Road design needs to be improved to prevent accidents: Harish Baijal, Ex-DIG of Maharashtra police
Pininfarina-designed Namx HUV with swappable hydrogen tanks wins Green Good Design Sustainability award
Italian design house Pininfarina has won the Green Good Design Sustainability award 2023 for green transportation for its Namx HUV, which was unveiled in May 2022 and later showcased at the Paris Motor Show last year. The Namx HUV is a hydrogen-powered SUV in part fuelled by removable capsules, paving the way to a seamless… Continue reading Pininfarina-designed Namx HUV with swappable hydrogen tanks wins Green Good Design Sustainability award
Pininfarina-designed Namx HUV with swappable hydrogen tanks wins Green Good Design Sustainability award
Italian design house Pininfarina has won the Green Good Design Sustainability award 2023 for green transportation for its Namx HUV, which was unveiled in May 2022 and later showcased at the Paris Motor Show last year. The Namx HUV is a hydrogen-powered SUV in part fuelled by removable capsules, paving the way to a seamless… Continue reading Pininfarina-designed Namx HUV with swappable hydrogen tanks wins Green Good Design Sustainability award
Toyota Kirloskar Motor ramps-up production with third shift operations
Toyota Kirloskar Motor (TKM), has announced the commencement of three-shift operations at its manufacturing facility in Bidadi from the month of May, 2023 backed by the rising demand for its existing portfolio of products and its new launches in 2022. Three shift operations commencement is set to boost the plant’s production output by over 30%… Continue reading Toyota Kirloskar Motor ramps-up production with third shift operations
FADA advocates for GST rate reduction on Two-Wheelers from 28% to 18% for a timely revitalisation of the segment
The Federation of Automobile Dealers Associations (FADA), the body of Automobile Retail in India, has submitted a critical representation to the GST Council, urging an immediate reduction in the GST rate on two-wheelers from the current 28% to 18%. This timely and decisive intervention is aimed at making two-wheelers more affordable, reviving demand, and reinvigorating… Continue reading FADA advocates for GST rate reduction on Two-Wheelers from 28% to 18% for a timely revitalisation of the segment
Revenues of domestic auto dealership industry to expand by 11-13% in FY24: ICRA
Following an estimated expansion of 27–30% in FY23, ICRA projects the revenues of the domestic automobile dealership industry to grow by 11–13% in FY24, aided by 6-9% volume growth and an increase in vehicle prices. Factors like improving consumer sentiments, as seen through a continued preference for personal mobility and rising disposable income, easing supply-side constraints,… Continue reading Revenues of domestic auto dealership industry to expand by 11-13% in FY24: ICRA
Government aims to increase outlay for e-2-wheelers under FAME II scheme: Report
The Heavy Industries Ministry aims to broaden the outlay for its e-2wheelers, which is presently at Rs 2,000 crore, in FAME II, and lower the subsidy on each vehicle, PTI reported. Currently, there is no proposal to extend the FAME II scheme further than March 2024 or bring in FAME III, an official told PTI, on condition of… Continue reading Government aims to increase outlay for e-2-wheelers under FAME II scheme: Report
Tesla spoke about battery manufacturing initiatives with government officials in India: Report
US automaker Tesla discussed with Indian officials, how it could be involved in domestic incentives in the country, pertaining to car and battery making, Reuters reported citing a person in the know. The company has proposed establishing a factory in the country for EVs, besides locally making batteries here, the source informed Reuters. This comes… Continue reading Tesla spoke about battery manufacturing initiatives with government officials in India: Report
Stellantis tells UK to rework Brexit deal for car plants to remain open: Report
Stellantis has called for a re-working of the Brexit deal, without which British car factories will have to shut down, according to Reuters. The automaker stated that in the present agreement, it would have to contend with tariffs upon the export of electric vans to Europe from the coming year when the post Brexit rules… Continue reading Stellantis tells UK to rework Brexit deal for car plants to remain open: Report