Ather Energy Limited has appointed Anjani Kumar as Chief Digital & Information Officer, the Bengaluru-based electric two-wheeler manufacturer announced on May 30. Kumar will oversee the company’s digital strategy and technology infrastructure across product development, manufacturing, and customer experience operations. The appointment comes as Ather Energy expands its product portfolio and business models while integrating… Continue reading Ather Energy Appoints Anjani Kumar as Chief Digital Officer
Author: Autocar_Professional India Online News
DiFACTO Robotics Acquires RoboFinish Division from Grind Master
DiFACTO Robotics and Automation Pvt. Ltd. announced the acquisition of intellectual property rights for RoboFinish operations from Grind Master, expanding its portfolio of manufacturing automation and robotics solutions. The transaction involves technologies developed over 14 years for robotic grinding, finishing, deburring, and machining applications. Grind Master, an Aurangabad-based company founded by Milind Kelkar and Mohini… Continue reading DiFACTO Robotics Acquires RoboFinish Division from Grind Master
DiFACTO Robotics Acquires RoboFinish Division from Grind Master
DiFACTO Robotics and Automation Pvt. Ltd. announced the acquisition of intellectual property rights for RoboFinish operations from Grind Master, expanding its portfolio of manufacturing automation and robotics solutions. The transaction involves technologies developed over 14 years for robotic grinding, finishing, deburring, and machining applications. Grind Master, an Aurangabad-based company founded by Milind Kelkar and Mohini… Continue reading DiFACTO Robotics Acquires RoboFinish Division from Grind Master
Lumax Auto Technologies Reports 29% Revenue Growth, Crosses ₹3,600 Crore Mark in FY25
Lumax Auto Technologies Limited reported consolidated revenue of ₹3,637 crores for FY25, marking a 29% increase from the previous year’s ₹2,822 crores, while profit after tax rose 37% to ₹229 crores. The automotive component manufacturer announced these audited financial results on May 29, 2025, demonstrating strong performance across operational metrics and strategic expansion initiatives. The… Continue reading Lumax Auto Technologies Reports 29% Revenue Growth, Crosses ₹3,600 Crore Mark in FY25
Lumax Auto Technologies Reports 29% Revenue Growth, Crosses ₹3,600 Crore Mark in FY25
Lumax Auto Technologies Limited reported consolidated revenue of ₹3,637 crores for FY25, marking a 29% increase from the previous year’s ₹2,822 crores, while profit after tax rose 37% to ₹229 crores. The automotive component manufacturer announced these audited financial results on May 29, 2025, demonstrating strong performance across operational metrics and strategic expansion initiatives. The… Continue reading Lumax Auto Technologies Reports 29% Revenue Growth, Crosses ₹3,600 Crore Mark in FY25
Indian EV Industry Could Run Out of Rare Earth Magnets by July: Bajaj Auto
Bajaj Auto’s Executive Director Rakesh Sharma warned that the shortage of rare earth magnets—a key component in electric vehicle motors—could significantly impact the company’s production plans by July if supply bottlenecks persist. “The rare earth situation is a very difficult one. An onerous process has been hammered together for import approvals. This involves end-use declaration… Continue reading Indian EV Industry Could Run Out of Rare Earth Magnets by July: Bajaj Auto
Motherson Group Unveils New Five Year Plan, Targets $108 bln Sales
Motherson Group has set a new five-year revenue target in line with its practice of coming out with five-year plans twice every decade—consolidated gross revenue of $108 billion by FY30. Its last five-year plan was announced in 2020, with a targeted net sales of $36 billion by FY25 at a constant dollar exchange rate of… Continue reading Motherson Group Unveils New Five Year Plan, Targets $108 bln Sales
Motherson Group Unveils New Five Year Plan, Targets $108 bln Sales
Motherson Group has set a new five-year revenue target in line with its practice of coming out with five-year plans twice every decade—consolidated gross revenue of $108 billion by FY30. Its last five-year plan was announced in 2020, with a targeted net sales of $36 billion by FY25 at a constant dollar exchange rate of… Continue reading Motherson Group Unveils New Five Year Plan, Targets $108 bln Sales
Bajaj Auto Posts Record Rs. 50,000 Cr Revenue in FY25; Chetak Tops E-Scooter Sales in Q4
Bajaj Auto reported its highest-ever revenue of over Rs 50,000 crore in the financial year ended March 2025–marking an increase of 12% on year–alongside record profit and cash reserves, fueled by robust electric vehicle sales, strong export momentum, and a sharp rise in premium motorcycle volumes from Triumph and KTM, Executive Director Rakesh Sharma said… Continue reading Bajaj Auto Posts Record Rs. 50,000 Cr Revenue in FY25; Chetak Tops E-Scooter Sales in Q4
Ola Electric sees auto profitability at monthly sales of 25,000 units, likely in Q2FY26
Electric two-wheeler major Ola Electric Ltd, which was earlier expecting its automotive segment to break even at average monthly sales of 50,000 units, is now projecting EBITDA breakeven for the business at the monthly sales of approximately 25,000 units. “And as a result of cost savings, as well as our network project Vistaar, the break-even… Continue reading Ola Electric sees auto profitability at monthly sales of 25,000 units, likely in Q2FY26