Automotive components manufacturer Ramkrishna Forgings (RK Forgings) has reported a 63 percent year-on-year (YoY) jump in its profit at Rs 77 crore for the first quarter ended June 30. The company had posted Rs 47.2 crore profit in the same quarter year ago. During the quarter under review, company’s revenue grew 28 percent YoY at… Continue reading RK Forgings Q1 FY24 PAT up 63% at Rs 77 cr, to acquire Multitech Auto for Rs 212 cr
Author: Autocar_Professional India Online News
RK Forgings Q1 FY24 PAT up 63% at Rs 77 cr, to acquire Multitech Auto for Rs 212 cr
Automotive components manufacturer Ramkrishna Forgings (RK Forgings) has reported a 63 percent year-on-year (YoY) jump in its profit at Rs 77 crore for the first quarter ended June 30. The company had posted Rs 47.2 crore profit in the same quarter year ago. During the quarter under review, company’s revenue grew 28 percent YoY at… Continue reading RK Forgings Q1 FY24 PAT up 63% at Rs 77 cr, to acquire Multitech Auto for Rs 212 cr
Nvidia founder Jensen Huang wins Automotive Hall of Fame’s Mobility Innovator Award
The Automotive Hall of Fame, the premier institution which honours and celebrates individuals and their impact in the global automotive industry, has honoured Jensen Huang, founder and CEO of Nvidia with its Mobility Innovator Award, which recognises those whose new technologies and services are redefining mobility, at its 2023 Induction & Awards Ceremony held on… Continue reading Nvidia founder Jensen Huang wins Automotive Hall of Fame’s Mobility Innovator Award
2023 Automotive Hall of Fame honours six industry champions
The Automotive Hall of Fame, the premier institution for honoring and celebrating individuals and their impact in the global automotive industry, hosted its 2023 Induction & Awards Ceremony on July 20, 2023, in Detroit, where 11 individuals were recognised for their contribution. “Each year we are astounded by the contributions being made to today’s automotive… Continue reading 2023 Automotive Hall of Fame honours six industry champions
Honda Motor co-founder Takeo Fujisawa inducted into Automotive Hall of Fame
Flanked on stage by three iconic products that helped to establish Honda as one of the most innovative companies in America – the Honda 50 motorcycle (Super Cub), the Honda Civic CVCC and the HondaJet – Honda co-founder Takeo Fujisawa was inducted into the Automotive Hall of Fame at the awards ceremony on July 20,… Continue reading Honda Motor co-founder Takeo Fujisawa inducted into Automotive Hall of Fame
Vitesco Technologies honours six of its 17,000 global suppliers
Vitesco Technologies, a leading international developer and manufacturer of advanced drive technologies for sustainable mobility, has honoured the exemplary performance of six of its around 17,000 suppliers worldwide. The awards were presented to suppliers of production and non-production materials for the 2022 fiscal year. The award ceremony took place at the Sorat Hotel in Regensburg… Continue reading Vitesco Technologies honours six of its 17,000 global suppliers
Exclusive: Anand Group’s Anevolve-Headspring JV results in commissioning of new tech centre in Gurugram
New Delhi-headquartered Tier-I automotive major Anand Group has commissioned a new technology centre in Gurugram, Haryana. The facility – Anevolve Headspring Engineering Centre (ANHS) – is part of the JV signed between Anand Group’s clean-technology platform Anevolve (majority stakeholder), and Japan’s Headspring, in January this year. Under the partnership, the duo has envisioned to conceptualise,… Continue reading Exclusive: Anand Group’s Anevolve-Headspring JV results in commissioning of new tech centre in Gurugram
With a fund raise on a slow track, Ashok Leyland to fund Switch Mobility’s growth plans
Chennai-based Ashok Leyland, which hasn’t been able to find the right investors for its electric vehicle (EV) arm, Switch Mobility, so far, says that it is looking at all of its options for the same. Dheeraj Hinduja, Executive Chairman, Ashok Leyland, said during a post-result conference call with the media, that the company’s EV business under… Continue reading With a fund raise on a slow track, Ashok Leyland to fund Switch Mobility’s growth plans
ArcelorMittal and Gestamp to produce recycled steel for automakers
ArcelorMittal Europe – Flat Products and Tier 1 automotive supplier Gestamp have signed a ‘circularity agreement’ aimed at strengthening environmental sustainability throughout the industrial supply chain. The agreement involves jointly designing and implementing a circularity scheme that will enhance the recycling of steel between Gestamp and ArcelorMittal and ultimately, offer benefits obtained to their automotive… Continue reading ArcelorMittal and Gestamp to produce recycled steel for automakers
Mahindra Roxor to be back on sale in US
Since its launch in the United States, back in 2018, Mahindra’s Roxor off-roader has been facing multiple lawsuits by Fiat Chrysler Automobiles (FCA) – Stellantis, over its Jeep-like design. In a recent development, Mahindra has said that it has got the clearance to manufacture and sell the Roxor with the design update that debuted post 2020. In… Continue reading Mahindra Roxor to be back on sale in US