Sumit Bhatnagar, Group President of India’s US $1.5 billion Tier 1 component maker Anand Group, stressed the importance of startups and MSMEs in bolstering localisation. Talking at an event organised by CII’s Visionary Leaders for Manufacturing (VLFM) programme in Mumbai, he said that Auto OEMs and Tier 1 Component manufacturers need to give priority to start-ups and MSMEs,… Continue reading MSME integration is critical for automakers and Tier 1 component manufacturers seeking to localise
Author: Autocar_Professional India Online News
Ashok Leyland Q1 standalone profit jumps over 7 times at Rs 576 crore
The Chennai-based commercial vehicle major Ashok Leyland reported a 747 percent year-on-year (YoY) jump in its standalone net profit for the first quarter ended June, at Rs 576.42 crore as against Rs 68 crore in the same period last year. Meanwhile, the company’s standalone revenue for the quarter also rose to Rs 8,189 crore as… Continue reading Ashok Leyland Q1 standalone profit jumps over 7 times at Rs 576 crore
Ashok Leyland Q1 standalone profit jumps over 7 times at Rs 576 crore
The Chennai-based commercial vehicle major Ashok Leyland reported a 747 percent year-on-year (YoY) jump in its standalone net profit for the first quarter ended June, at Rs 576.42 crore as against Rs 68 crore in the same period last year. Meanwhile, the company’s standalone revenue for the quarter also rose to Rs 8,189 crore as… Continue reading Ashok Leyland Q1 standalone profit jumps over 7 times at Rs 576 crore
CRISIL upgrades Craftsman Automation’s credit ratings to AA-/Stable
CRISIL Ratings has upgraded the credit ratings of Craftsman Automation (CAL). The long-term bank facilities have been upgraded from ‘CRISIL A+/Positive’ to ‘CRISIL AA-/Stable’, and the short-term bank facilities have been upgraded from ‘CRISIL A1’ to ‘CRISIL A1+’. This means that CAL is now considered a more creditworthy company than it was before, which could make… Continue reading CRISIL upgrades Craftsman Automation’s credit ratings to AA-/Stable
Third edition of ForgeTech India 2023 to focus on future industry trends, innovations
ForgeTech India 2023 – the largest conference and exhibition for the Indian Forging Industry has been announced by the Association of Indian Forging Industry (AIFI). The apex body of the Indian Forging Industry will be conducting this event from November 3-5, 2023 at Mayfield Estate in Kharadi, Pune, Maharashtra. The event will include the presentation of… Continue reading Third edition of ForgeTech India 2023 to focus on future industry trends, innovations
Mass adoption for commercial EVs beyond metros – how the ecosystem approach will help
To encourage mass adoption of commercial electric vehicles (EVs), it is imperative that OEMs mobilise customers across Tier 2 and 3 markets. Transition to electric has picked up massive momentum in Tier 1 and metropolitan markets, especially in segments like two-wheeler and commercial vehicles, however, it is high time that the industry now turns to… Continue reading Mass adoption for commercial EVs beyond metros – how the ecosystem approach will help
Mass adoption for commercial EVs beyond metros – how the ecosystem approach will help
To encourage mass adoption of commercial electric vehicles (EVs), it is imperative that OEMs mobilise customers across Tier 2 and 3 markets. Transition to electric has picked up massive momentum in Tier 1 and metropolitan markets, especially in segments like two-wheeler and commercial vehicles, however, it is high time that the industry now turns to… Continue reading Mass adoption for commercial EVs beyond metros – how the ecosystem approach will help
Mass adoption for commercial EVs beyond metros – how the ecosystem approach will help
To encourage mass adoption of commercial electric vehicles (EVs), it is imperative that OEMs mobilise customers across Tier 2 and 3 markets. Transition to electric has picked up massive momentum in Tier 1 and metropolitan markets, especially in segments like two-wheeler and commercial vehicles, however, it is high time that the industry now turns to… Continue reading Mass adoption for commercial EVs beyond metros – how the ecosystem approach will help
Kia Seltos price revealed, now starts at Rs 10.90 lakh
Kia has launched the Seltos facelift in India with prices starting from Rs 10.90 lakh, and going up to Rs 19.80 lakh for the top-spec automatic variants. The Seltos X-Line is another Rs 20,000 over the top-spec variants, and is priced at Rs 20.00 lakh. (All prices ex-showroom, Delhi). Bookings for the new Seltos are already underway for… Continue reading Kia Seltos price revealed, now starts at Rs 10.90 lakh
BMW’s Regensburg plant rolls out millionth X1
July 20 was a red-letter day for BMW Group’s nearly 40-year-old Regensburg plant, as the one-millionth BMW X1 rolled off the assembly line. The milestone vehicle is a BMW iX1 battery electric vehicle (BEV) in Alpine White. The X1 is BMW’s smallest Sports Activity Vehicle – and became the first fully-electric model produced at the… Continue reading BMW’s Regensburg plant rolls out millionth X1