Autocar_Professional India Online News – Page 159

Varroc Appoints Akshaykumar Chudasama as Independent Director

Varroc, a global Tier-1 automotive supplier, has appointed Akshaykumar Chudasama as an Independent Director, effective May 29, 2025. The company aims to strengthen governance and enhance cross-border business expertise through this strategic move. Chudasama brings over three decades of legal expertise, holding degrees from St. Xavier’s College, University of Bombay, and the London School of… Continue reading Varroc Appoints Akshaykumar Chudasama as Independent Director

A Tale of 3 Markets – How China, Europe, and the US Are Approaching Electrification

The first quarter of 2025 has underlined the critical difference in the way the three major auto markets in the world approach electrification. According to Strategy& and PwC Autofacts’ latest Electric Vehicle Sales Review for Q1 2025, China, Europe, and the United States are pursuing dramatically different strategies in their transition to electric mobility—each reflecting… Continue reading A Tale of 3 Markets – How China, Europe, and the US Are Approaching Electrification

A Tale of 3 Markets – How China, Europe, and the US Are Approaching Electrification

Bajaj Auto Reports ₹10,224 Crore FY25 Profit Before Tax Amid Mixed Global Factors

Bajaj Auto Limited announced its consolidated financial results for the fourth quarter and full year ended March 31, 2025. The company reported a profit before tax of ₹2,484 crore for Q4 FY25 and ₹10,224 crore for the full year, marginally higher than the ₹10,040 crore recorded in FY24. The total income for FY25 stood at… Continue reading Bajaj Auto Reports ₹10,224 Crore FY25 Profit Before Tax Amid Mixed Global Factors

Maruti Suzuki Partners with JETRO to Connect Indian and Japanese Startups

Maruti Suzuki India Limited signed a memorandum of understanding with the Japan External Trade Organization (JETRO) today, to facilitate business opportunities for startups in both countries. The agreement was formalized between Dr. Tapan Sahoo, Executive Officer of Digital Enterprise at Maruti Suzuki, and Takashi Suzuki, Chief Director General of JETRO India, in the presence of… Continue reading Maruti Suzuki Partners with JETRO to Connect Indian and Japanese Startups

Samvardhana Motherson raises FY26 capex by 35% to Rs 6,000 crore

Samvardhana Motherson International Ltd (SMIL) is significantly increasing its strategic investments, with capital expenditure for the financial year 2026 (FY26) projected to rise by 35% year-over-year. According to its investor presentation, the company plans to incur capital expenditures of Rs 6,000 crore in FY26, compared to Rs 4,433 crore in FY25. Of the Rs 6,000… Continue reading Samvardhana Motherson raises FY26 capex by 35% to Rs 6,000 crore

Ola Electric’s FY25 Loss Widens Amid Revenue Decline in FY25

Ola Electric Mobility Limited reported a net loss of ₹2,276 crores for the financial year ending March 31, 2025, compared to ₹1,584 crores in the previous year. The company’s consolidated revenue from operations declined to ₹4,514 crores from ₹5,010 crores in FY24. The Bengaluru-based electric vehicle manufacturer’s quarterly performance showed revenue of ₹611 crores in… Continue reading Ola Electric’s FY25 Loss Widens Amid Revenue Decline in FY25

Ola Electric’s FY25 Loss Widens Amid Revenue Decline in FY25

Varroc Engineering Reports Revenue Growth, Recommends Full Dividend Despite Exceptional Charges

Varroc Engineering Ltd reported consolidated revenue of Rs 8,154 crore for FY25, representing an 8% increase from the previous year’s Rs 7,552 crore. The company’s board has recommended a dividend of Rs 1 per share, equivalent to 100% of face value, following what the management described as improved operational performance. The Pune-based automotive component manufacturer… Continue reading Varroc Engineering Reports Revenue Growth, Recommends Full Dividend Despite Exceptional Charges

Motherson Reports Record Sales of Rs 113,663 Crores in FY25, Up 15%

Samvardhana Motherson International Limited (SAMIL) reported record consolidated revenue of Rs 113,663 crores for fiscal year 2024-25, marking a 15% increase from the previous year. The automotive component manufacturer also posted its highest-ever profit after tax of Rs 3,803 crores, representing a 40% year-on-year growth. The company’s EBITDA reached Rs 10,877 crores, up 17% from… Continue reading Motherson Reports Record Sales of Rs 113,663 Crores in FY25, Up 15%