Electric two-wheeler manufacturer Ather Energy reported an improvement in financial performance during the nine months ended December 2024, even as its market share remained at around 10%. The improvement is largely credited to the successful launch of the Rizta scooter, which targets the family and convenience-focused segment. The Rizta accounted for over 50% of Ather’s… Continue reading Ather Narrows Losses, Boosts Gross Margin in First Nine Months of FY25
Author: Autocar_Professional India Online News
Renault Charts Multi-Fuel Strategy, Explores Hybrids for Future Lineup
80% of market to stay petrol + CNG by 2032, says MD Mamillapalle Strong hybrids under evaluation for Duster, Bigster Kiger EV scheduled for 2027; based on skateboard platform Co. Calls for clear policy to back EV, CNG, hybrid investments Renault India is sharpening its focus on a multi-fuel strategy as it prepares for the… Continue reading Renault Charts Multi-Fuel Strategy, Explores Hybrids for Future Lineup
Renault Charts Multi-Fuel Strategy, Explores Hybrids for Future Lineup
80% of market to stay petrol + CNG by 2032, says MD Mamillapalle Strong hybrids under evaluation for Duster, Bigster Kiger EV scheduled for 2027; based on skateboard platform Co. Calls for clear policy to back EV, CNG, hybrid investments Renault India is sharpening its focus on a multi-fuel strategy as it prepares for the… Continue reading Renault Charts Multi-Fuel Strategy, Explores Hybrids for Future Lineup
Suzuki Motor and Maruti Suzuki to Establish Osamu Suzuki Centre of Excellence in India
Suzuki Motor Corporation and Maruti Suzuki India Limited announced plans to establish the Osamu Suzuki Centre of Excellence (OSCOE) in India during a remembrance event held at Yashobhoomi, Delhi on April 23, 2025. The centre will honor the legacy of the late Osamu Suzuki, former chairman of Suzuki Motor Corporation, who died on December 25,… Continue reading Suzuki Motor and Maruti Suzuki to Establish Osamu Suzuki Centre of Excellence in India
Spyne Reports 5X Annual Growth, Plans to Onboard 4,000 Auto Dealerships in FY25
Gurugram-based Spyne, an AI platform for automotive retail, announced on April 23, 2025, that it has achieved 5X annual growth and now aims to onboard 4,000 automotive dealerships worldwide in FY25. The company currently serves over 1,500 dealerships globally and has expanded its operations to more than 47 countries. Spyne has partnered with prominent automotive… Continue reading Spyne Reports 5X Annual Growth, Plans to Onboard 4,000 Auto Dealerships in FY25
Steelbird Hi-Tech Reports 8.7 Million Helmet Sales, Sets 10 Million Target for Next Year
Steelbird Hi-Tech India Limited sold 8.7 million helmets in fiscal year 2024-25, up from 8 million units in the previous year, the company announced on Tuesday. The world’s largest helmet manufacturer recorded revenue of Rs 787 crore, marking a 10.07% increase from the last fiscal year. The company has set a target to reach 10… Continue reading Steelbird Hi-Tech Reports 8.7 Million Helmet Sales, Sets 10 Million Target for Next Year
Vardhman Special Steels Announces Greenfield Plant and Posts Annual Revenue Growth
Ludhiana-based Vardhman Special Steels Limited (VSSL) announced a 6.2% year-over-year increase in revenue to Rs 1,764.41 crore for the financial year ended March 31, 2025, alongside plans for a new Rs 2,000 crore greenfield steel plant in Punjab. The company declared these results during a board meeting held on April 22, 2025. The board recommended… Continue reading Vardhman Special Steels Announces Greenfield Plant and Posts Annual Revenue Growth
‘We’re Being Careful’: Tesla CFO Vaibhav Taneja on Company’s Cautious India Entry
Tesla’s long-anticipated entry into the Indian market remains uncertain, as high import duties are a significant deterrent. Tesla CFO Vaibhav Taneja acknowledged the challenges to analysts after the company’s Q1 2025 earnings on Wednesday, stating that Tesla is still working towards entering India but remains cautious about the timing due to the country’s steep tariff… Continue reading ‘We’re Being Careful’: Tesla CFO Vaibhav Taneja on Company’s Cautious India Entry
HMSI Conducts Road Safety Awareness Campaign at Army Public School-Dighi
Honda Motorcycle and Scooter India (HMSI) organized a road safety awareness campaign at Army Public School-Dighi in Pune, Maharashtra, as part of its ongoing effort to promote responsible riding habits. The initiative engaged approximately 2,400 students and staff members, aiming to make road safety education more accessible through interactive learning formats. The campaign introduced young… Continue reading HMSI Conducts Road Safety Awareness Campaign at Army Public School-Dighi
SBI AMC, Birla AMC and Invesco MF Likely to Join Ather IPO as Anchor Investors
Electric two-wheeler maker Ather Energy’s IPO is set to get off to a strong start with SBI Asset Management Company (AMC) slated to be the chief anchor investor, according to sources in the know. Other prominent domestic investors joining as anchor investors include Birla AMC and Invesco Mutual Fund. The IPO is scheduled to open… Continue reading SBI AMC, Birla AMC and Invesco MF Likely to Join Ather IPO as Anchor Investors