Author: Autocar_Professional India Online News

Apollo Tyres’ revenue up 30% in Q1 FY2023

The Board of Directors of Apollo Tyres has announced and approved the company’s unaudited results for the first quarter of the financial year FY2023. For the quarter ended June 30, 2022 Apollo Tyres, on a consolidated basis, reported a revenue of Rs 5,942 crore. Both, Indian and European operations performed well, with their revenues from… Continue reading Apollo Tyres’ revenue up 30% in Q1 FY2023

Economies of scale will bring down airbag costs for OEMs: Joyson Safety Systems

With the Indian government set to mandate fitment of six airbags in all new passenger vehicle models in India, starting October 1, 2022, the industry is looking ahead at an opportunity as well as a cost challenge. While the regulation will significantly increase the volumes for airbags and its constituent child parts like the inflator,… Continue reading Economies of scale will bring down airbag costs for OEMs: Joyson Safety Systems

After Dzire, Maruti introduces CNG option in Swift

Maruti Suzuki India (MSIL) has just introduced the greener version of its popular Swift hatchback as part of a programme that sees the automaker expanding its petrol-CNG bi-fuel option product portfolio. While the success of its CNG models also stems from the fact that MSIL has completely exited the diesel space since April 2020 with… Continue reading After Dzire, Maruti introduces CNG option in Swift

July wholesales up 11% as OEMs gear up for festive season 

The July 2022 wholesales numbers for three vehicle segments – passenger vehicles, three- and two-wheelers – were released by SIAM today. The apex industry body did not reveal the data for commercial vehicles though. Total wholesales of 17,06,545 units translate into a 10.61% year-on-year increase (July 2021: 15,42,716). While this augurs well for the industry… Continue reading July wholesales up 11% as OEMs gear up for festive season 

Mahindra Racing signs Lucas Di Grassi for Gen 3 era in Formula E

Mahindra Racing has signed former Formula E World Champion Lucas Di Grassi, the most decorated driver in the championship’s history with a career that includes Formula One and three podiums at the 24 Hours of Le Mans. He will be part of Mahindr Racing’s contest in the all-electric series from season nine, with the aim of… Continue reading Mahindra Racing signs Lucas Di Grassi for Gen 3 era in Formula E

Tata Motors and SBI to offer EV inventory finance to dealers

L-R: Alok Kumar Choudhary, MD (Retail Business & Operations), State Bank of India; Dinesh Khara, Chairman, State Bank of India and Shailesh Chandra, MD, Tata Motors PVs & Tata Passenger E-Mobility. Tata Motors is fast upping the ante also on the electric vehicle front. The electric passenger vehicle market leader has joined forces with the… Continue reading Tata Motors and SBI to offer EV inventory finance to dealers

Maruti Suzuki plots three new SUVs across key segments

Hisashi Takeuchi, MD & CEO, Maruti Suzuki India: “We should have an SUV in every segment, and we should be achieving 50% in each of these segments in India. Then we can eventually reach 50% overall.” Maruti Suzuki, the largest carmaker in India and also the passenger vehicle market leader, has been lacking a strong… Continue reading Maruti Suzuki plots three new SUVs across key segments

Bharat Forge’s domestic business down in Q1

Bharat Forge’s India business, after recording a strong performance in fiscal 2022, has seen a dip in the first quarter of the current fiscal. This coincides with automotive production declining as compared to the January-March quarter. As per a regulatory filing, its medium and heavy commercial vehicle (MHCV) business declined by 10 percent and passenger vehicles… Continue reading Bharat Forge’s domestic business down in Q1

Greaves Cotton records highest-ever quarterly revenue

Greaves Cotton has announced its consolidated revenues of Rs 660 crore for the quarter ended June 30, 2022, recording a healthy YoY growth of 188% over Q1 FY2022. The diversified engineering company reported improved growth in profit with EBITDA at Rs 38 crore and Profit After Tax at Rs 16 crores.  The new businesses continue… Continue reading Greaves Cotton records highest-ever quarterly revenue