The Indian automotive industry has been abuzz with news of Minda Corporation’s recent decision to acquire a 15.7% stake worth Rs 400 crore in rival Pricol Ltd. While Minda initially brushed off the move as putting extra money to good use, the market speculated it as a hostile takeover. Pricol’s top management promptly responded by… Continue reading Understanding the legalities of Minda Corporation’s attempt to acquire additional stake in Pricol
Author: Autocar_Professional India Online News
Craftsman Automation Q4 PAT up 51% at Rs 77.66 crore
Bengaluru-based diversified engineering company Craftsman Automation has reported a 51 percent jump in its consolidated net profit at Rs 77.66 crore during the fourth quarter ended March 31, 2023. The company had posted Rs 51.46 crore net profit in the same quarter year ago. The company’s total consolidated income stood at Rs 985.25 crore in… Continue reading Craftsman Automation Q4 PAT up 51% at Rs 77.66 crore
Exide Industries’ Q4 PAT rises 3.5% to Rs 208 crore
Automotive and industrial battery maker Exide on Tuesday reported a 3.5 percent increase in its standalone profit after tax of Rs 208 crore in Q4FY23 as compared to Rs 201 crore in the same quarter last year. Meanwhile, the company’s revenue from operations increased by 4 percent on a yearly basis, at Rs 3,543 crore… Continue reading Exide Industries’ Q4 PAT rises 3.5% to Rs 208 crore
Lamborghini sales and revenue hit record levels in Q1 2023
Automobili Lamborghini’s growth continues with the Italian supercar manufacturer registering record results again in the first quarter of 2023 compared to Q1 CY2022. In a particularly intense year for the Sant’Agata Bolognese company, with its 60th anniversary celebrations and the launch of its first hybrid, the new Lamborghini Revuelto, these figures confirm the strength of the… Continue reading Lamborghini sales and revenue hit record levels in Q1 2023
Vitesco Technologies develops new rotor without permanent magnets which works without rare earth minerals
Vitesco Technologies, an international supplier of modern drive technologies and electrification solutions, has developed a fully integrated electric axle drive platform (EMR4, Electronics Motor Reducer, which is being broadened by a new option to enable an even better life cycle assessment. This is the new rotor without permanent magnets that is now part of the… Continue reading Vitesco Technologies develops new rotor without permanent magnets which works without rare earth minerals
Qualcomm to acquire V2X semiconductor major Autotalks
Qualcomm Incorporated has announced that its subsidiary, Qualcomm Technologies, has entered into a definitive agreement to acquire Autotalks, the fabless semiconductor company dedicated to V2X (vehicle-to-everything) communications since 2009. Autotalks, an Israeli start-up, provides automotive qualified dual-mode global V2X solutions compatible with multiple V2X standards designed to reduce collisions and improve mobility. The combination of… Continue reading Qualcomm to acquire V2X semiconductor major Autotalks
Tata Technologies signs MoU with TiHAN IIT Hyderabad to collaborate on Software Defined Vehicles, ADAS
Tata Technologies, a global engineering and product development digital services company, has signed a Memorandum of Understanding (MoU) with TiHAN IIT Hyderabad, to collaborate in the areas of Software Defined Vehicles (SDV) and Advanced Driver Assistance Systems (ADAS). The collaboration will specifically focus on the development of platform/s and Proofs of Concept (POC) that optimise… Continue reading Tata Technologies signs MoU with TiHAN IIT Hyderabad to collaborate on Software Defined Vehicles, ADAS
Volkswagen Tiguan electric SUV in the works
Volkswagen is preparing to introduce a trio of crucial new electric SUVs under a revised ID model strategy recently implemented by its CEO Thomas Schafer. The three new SUVs have been conceived to provide the German carmaker with a broader spread of electric models in each of Europe’s key market segments. They will build on the… Continue reading Volkswagen Tiguan electric SUV in the works
Volkswagen Tiguan electric SUV in the works
Volkswagen is preparing to introduce a trio of crucial new electric SUVs under a revised ID model strategy recently implemented by its CEO Thomas Schafer. The three new SUVs have been conceived to provide the German carmaker with a broader spread of electric models in each of Europe’s key market segments. They will build on the… Continue reading Volkswagen Tiguan electric SUV in the works
Suzuki inaugurates exclusive motorcycle showroom, ‘Bike Zone’ in Mumbai and Ahmedabad
Suzuki Motorcycle India, the two-wheeler subsidiary of Suzuki Motor Corporation (SMC) inaugurated its first exclusive motorcycle showroom in Mumbai and Ahmedabad. Both these Exclusive Suzuki Motorcycle Showrooms will be the 7th and 8th Suzuki Bike Zone Outlets in India respectively. Kenichi Umeda, Managing Director, Suzuki Motorcycle India said, “In FY 2022-23, the company recorded an… Continue reading Suzuki inaugurates exclusive motorcycle showroom, ‘Bike Zone’ in Mumbai and Ahmedabad