Autocar_Professional India Online News – Page 1601

BRANDED CONTENT: In tune with the industry needs

ARaymond, a 157 years old family-owned company established in 1865, has a headquarter in Grenoble, France. ARaymond is a leading global fastening & assembly solution provider, offering Innovation, Value Creation, Sustainable solutions to its market. ARaymond has 29 manufacturing plants in 26 countries worldwide. They design, engineer, and manufacture assembly systems that eliminate the need… Continue reading BRANDED CONTENT: In tune with the industry needs

Grosse Kleimann succeeds Olaf Henning as head of aftermarket business unit of MAHLE Group

Global automotive parts supplier MAHLE Group on Thursday appointed Philipp Grosse Kleimann as head of the aftermarket business unit and a member of the MAHLE Management Committee, effective, August 1, 2023. Under the new role, he will report directly to the CEO. Grosse Kleimann succeeds Olaf Henning (55), who was heading the business unit since… Continue reading Grosse Kleimann succeeds Olaf Henning as head of aftermarket business unit of MAHLE Group

Hero MotoCorp’s consolidated net profit rises by 31% to Rs 811 crore in Q4FY23

Hero MotoCorp, the country’s largest two-wheeler company, reported a consolidated net profit of Rs 811 crore in Q4FY23, reflecting a growth of 31% over a similar period, the previous year. The company’s consolidated revenue stood at Rs 8,434 crore, a growth of 13% in Q4FY23, as against Q4FY22. The company also declared a final dividend… Continue reading Hero MotoCorp’s consolidated net profit rises by 31% to Rs 811 crore in Q4FY23

TVS Motor Q4: PAT up by 22% at Rs 336 crore

TVS Motor Company reported a 22 percent growth in its consolidated profit at Rs 335.67 crore for the quarter ended March (Q4 FY23). The company reported a consolidated profit of Rs 274.67 crore in the same period the previous year. Its operating revenue increased by 23 percent year over year to Rs 8,098.54 crore from… Continue reading TVS Motor Q4: PAT up by 22% at Rs 336 crore

Rane Engine Valve reports net profit of Rs 4.9 crore in Q4FY23

Chennai-based Rane Engine Valve (REVL), a manufacturer of engine valves, guides, and tappets, has announced its financial results for Q4 FY23, and full-year FY23, which ended 31 March 2023. The company reported a net profit of Rs 4.9 crore in Q4FY23, versus a loss of Rs 0.01 crore in the same period a year ago… Continue reading Rane Engine Valve reports net profit of Rs 4.9 crore in Q4FY23

Piaggio launches new Apé Xtra LDX CNG cargo three-wheeler for Rs 251,586

Piaggio Vehicles, the Indian subsidiary of the Piaggio Group of Italy and manufacturer of small commercial vehicles, has launched the new CNG-powered Apé Xtra LDX for Rs 251,586 (ex-showroom Maharashtra). The Apé Xtra LDX CNG is designed for cargo applications and has a 5.5-feet-long deck. Piaggio Vehicles claims the vehicle has best-in-class fuel efficiency of… Continue reading Piaggio launches new Apé Xtra LDX CNG cargo three-wheeler for Rs 251,586

Piaggio launches new Apé Xtra LDX CNG cargo three-wheeler for Rs 251,586

STATIQ gives green mobility push to Bareilly, sets up a Public EV fast-charging station at Ramada Encore by Wyndham, Bareilly

Statiq, India’s largest EV charging network, has launched a Public Fast EV charging station at the Ramada Encore by Wyndham, in Bareilly. The initiative will add to the ongoing and larger drive for increased EV usage in the state of Uttar Pradesh and indeed all over India. At the same time, it will also complement the UP government’s… Continue reading STATIQ gives green mobility push to Bareilly, sets up a Public EV fast-charging station at Ramada Encore by Wyndham, Bareilly

Road construction to witness 16-21% jump in FY2024, ahead of general elections: ICRA

ICRA, a rating agency, forecasts a 16–21% increase in road execution activity in FY2024 to 12,000–12,500 km, owing to a healthy pipeline of projects, increased government capital outlay, and a focus on project completions ahead of the general elections. Furthermore, it expects toll collection growth to be 6-9% in FY2024, primarily supported by a 4-5% growth in… Continue reading Road construction to witness 16-21% jump in FY2024, ahead of general elections: ICRA

India Auto Inc retail sales down 4% in April, FADA urges 10% GST cut on two-wheelers

India Auto Inc retail sales down 4% in April, FADA urges 10% GST cut on two-wheelers The Federation of Automobile Dealers Associations (FADA) today released vehicle retail sales numbers for April 2023. Overall retails at 1.72 million units across five vehicle categories last month translate into a 4.03% decline year on year (April 2022: 17,97,432… Continue reading India Auto Inc retail sales down 4% in April, FADA urges 10% GST cut on two-wheelers