Sundram Fasteners (SFL) reported a net profit of Rs 106.13 crore for the quarter ended December 31, 2022 as against net profit of Rs. 103.34 Crores during the same period in the previous year. Revenue from operations stood at Rs. 1,226.87 crores for the quarter ended December 31, 2022 as against Rs. 1,024.25 crores during the… Continue reading Sundram Fasteners reports Rs 106.13 crore profit in Q3
Author: Autocar_Professional India Online News
TVS Motor targets sale of 100,000 iQubes in FY2023, plots series of new EVs by mid-2024
TVS Motor targets sale of 100,000 iQubes in FY2023, plots series of new EVs by mid-2024 In sync with the growing demand for electric scooters in India, TVS Motor Co is witnessing strong customer response to its sole EV in the market – the iQube. In the ongoing fiscal’s first three quarters, which saw total… Continue reading TVS Motor targets sale of 100,000 iQubes in FY2023, plots series of new EVs by mid-2024
TVS Motor targets sale of 100,000 iQubes in FY2023, plots series of new EVs by mid-2024
TVS Motor targets sale of 100,000 iQubes in FY2023, plots series of new EVs by mid-2024 In sync with the growing demand for electric scooters in India, TVS Motor Co is witnessing strong customer response to its sole EV in the market – the iQube. In the ongoing fiscal’s first three quarters, which saw total… Continue reading TVS Motor targets sale of 100,000 iQubes in FY2023, plots series of new EVs by mid-2024
Growth-oriented Budget to be demand accelerator for India Auto Inc
The Union Budget 2023-24, which was presented by Finance Minister Nirmala Sitharaman in the Parliament on February 1, comes out as a growth-oriented plan with emphasis on measures to stimulate demand as well as positively impact the supply chain to sustain momentum in the Indian economy. The government maintained its focus to strengthen infrastructure development… Continue reading Growth-oriented Budget to be demand accelerator for India Auto Inc
India’s Top 6 carmakers start 2023 with strong sales in January
India’s passenger vehicle industry exited CY2022 on a very strong note – over 3.8 million units and 24% year-on-year growth. Now, the top six players, some of whom recorded their best-ever annual sales last year, are maintaining their ‘run rate’ in CY2023. The top six players – Maruti Suzuki, Hyundai Motor India, Tata Motors, Mahindra… Continue reading India’s Top 6 carmakers start 2023 with strong sales in January
India’s Top 6 carmakers begin 2023 with strong sales in January
India’s passenger vehicle industry exited CY2022 on a very strong note – over 3.8 million units and 24% year-on-year growth. Now, the top six players, some of whom recorded their best-ever annual sales last year, are maintaining their ‘run rate’ in CY2023. The top six players – Maruti Suzuki, Hyundai Motor India, Tata Motors, Mahindra… Continue reading India’s Top 6 carmakers begin 2023 with strong sales in January
Capex on infrastructure increased by 33 percent to Rs 10 lakh crore for FY23-24 in Budget 2023
Capex on infrastructure increased by 33 percent to Rs 10 lakh crore for FY23-24 in Budget 2023 The Union Budget 2023 has allocated Rs 10 lakh crore for capital investments and Rs 79,000 crore for affordable housing. This increase of 33 percent bodes well for commercial vehicle demand, especially for heavier multi-axle vehicles and tippers, industry… Continue reading Capex on infrastructure increased by 33 percent to Rs 10 lakh crore for FY23-24 in Budget 2023
E-mobility sector largely cheerful with government’s focus on green growth in Budget 2023-24
E-mobility sector largely cheerful with government’s focus on green growth in Budget 2023-24 Finance Minister Nirmala Sitharaman’s Budget has brought optimism and relief to the Indian automobile industry’s green players. The Budget has funded numerous programmes for green energy, green farming, green transportation, green equipment and energy efficiency policies across multiple economic sectors. Reduction in… Continue reading E-mobility sector largely cheerful with government’s focus on green growth in Budget 2023-24
E-mobility sector largely cheerful with government’s focus on green growth in Budget 2023-24
E-mobility sector largely cheerful with government’s focus on green growth in Budget 2023-24 Finance Minister Nirmala Sitharaman’s Budget has brought optimism and relief to the Indian automobile industry’s green players. The Budget has funded numerous programmes for green energy, green farming, green transportation, green equipment and energy efficiency policies across multiple economic sectors. Reduction in… Continue reading E-mobility sector largely cheerful with government’s focus on green growth in Budget 2023-24
Hyundai Motor India surpasses 50,000 sales for the second time this fiscal in January
Hyundai Motor India surpasses 50,000 sales for the second time this fiscal in January Hyundai Motor India has reported domestic market sales of 50,106 units in January 2023, which constitutes 14% year-on-year growth (January 2022: 44,022 units). This is the second instance of the company surpassing the 50,000-unit sales mark in the ongoing fiscal year,… Continue reading Hyundai Motor India surpasses 50,000 sales for the second time this fiscal in January