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
Author: Autocar_Professional India Online News
Switch Mobility wins transport tech firm Chalo’s 5,000 electric bus contract
Switch Mobility, the next-generation carbon neutral electric bus and light commercial vehicle company, and Chalo, the transport technology company, have entered into a strategic collaboration to deploy 5,000 state-of-the-art electric buses across India. This partnership, one of the largest commitments for electric buses worldwide, builds on Switch’s already strong order book covering three continents with… Continue reading Switch Mobility wins transport tech firm Chalo’s 5,000 electric bus contract
75 years of Independence: 10 leaders who shaped India Auto Inc
Since Independence, the Indian auto industry’s destiny has been in the hands of political leaders and business heads. We pick the people who made the biggest difference. Not surprisingly, three out of 10 names on the list are from Maruti, the company that has written the most important chapter in India’s automotive history in the last… Continue reading 75 years of Independence: 10 leaders who shaped India Auto Inc
Ola eyes mass market scooter
A three-month dip in monthly numbers on the trot has pushed Ola to rejig its strategy and eye the mass market with its second offering. It plans to introduce this product on Independence day and is targeted “at the fast-growing Rs 80,000 to 95,000 price range”, a highly placed company official has said. Ola’s CEO Bhavish… Continue reading Ola eyes mass market scooter
Ola plans mass market scooter
A three-month dip in monthly numbers on the trot has pushed Ola to rejig its strategy and eye the mass market with its second offering that it plans to introduce on Independence day and targeted “at the fast-growing Rs 80,000 to 95,000 price range”, a highly placed company official has said. Ola’s CEO Bhavish Aggarwal… Continue reading Ola plans mass market scooter
Tata Punch punches past 100,000 sales in just 10 months
Tata Motors today rolled out the 100,000th unit of the Tata Punch compact SUV from its manufacturing facility in Pune. July 2022 was a record month for the carmaker which recorded its best-ever monthly sales: 47,505 units, up 57% year on year. The Punch compact SUV contributed 23% to the total with 11,007 units. With this kind… Continue reading Tata Punch punches past 100,000 sales in just 10 months
Continental wins 300 OE approvals for its EV-specific tyres
The rolling resistance-optimised tyre for e-SUVs from the Stellantis Group is around 17% above the requirements of the EU tyre label rating A for energy efficiency. Despite a turbulent global market environment in first-half CY2022, technology major and supplier Continental says it is looking ahead to the second half of the year with optimism and… Continue reading Continental wins 300 OE approvals for its EV-specific tyres
MAHLE and Siemens join forces to accelerate wireless charging tech for EVs
MAHLE, the technology group, and Siemens have signed a declaration of intent for cooperation in the area of wireless charging systems for electric vehicles. In the future, both companies will jointly develop and test complete infrastructure and automotive engineering systems. One of the areas of focus will be on promoting technological standards for inductive charging… Continue reading MAHLE and Siemens join forces to accelerate wireless charging tech for EVs
Eicher Motors records strong revenues and profit in Q1 FY2023
Eicher Motors Ltd (EML) has reported total revenue from operations for the first quarter of FY2023 (April-June 2022) at Rs 3,397 crore, up 72% (Q1 FY2022: Rs 1,974 crore). EBITDA was Rs 831 crore as compared to Rs 363 crore a year ago and Profit After Tax was Rs 611 crore versus Rs 237 crore during the same… Continue reading Eicher Motors records strong revenues and profit in Q1 FY2023
Mahindra to launch all-electric XUV800 and electric coupe-SUV by July 2024
On August 15, 2022, Mahindra & Mahindra will have a grand showcase of its ‘Born Electric Vision’ – or future EV plans. However, rather than three futuristic concept cars as originally previewed, there will now be five, the first two of which will be somewhat familiar. The most significant among the EV concepts being shown… Continue reading Mahindra to launch all-electric XUV800 and electric coupe-SUV by July 2024