Autocar_Professional India Online News – Page 21

Mercedes-AMG confirms the development of an all-electric super SUV

Mercedes-AMG has confirmed the development of an all-electric super SUV, which will be underpinned by its own AMG.EA platform. The new model will rival the Lotus Eletre, the upcoming Porsche Cayenne electric and the BMW XM hybrid. Super SUV to be wholly developed by AMG Just as the XM was developed from the ground up… Continue reading Mercedes-AMG confirms the development of an all-electric super SUV

Tractor makers pin hopes on second half of the year to meet growth targets

After a stagnant first half to the year, the tractor industry is banking on a ‘strong performance’ in the second half of the financial year to lift them over their full-year targets. During the first half, the tractor industry’s volume remained almost flat at 472,000 units, compared to 469,000 units sold in the year-ago period.… Continue reading Tractor makers pin hopes on second half of the year to meet growth targets

Ola Electric prepones Gen 3 platform launches to January 2025

Ola Electric will begin delivery of its Gen 3 platform-based electric scooters by January 2025 instead of by mid-March to April 2025, the previously expected time frame. With electric two-wheeler adoption increasing to 21.4% in September 2024 from 16.1% in June 2024, particularly for Rs 1 lakh mass market scooters in Uttar Pradesh, Rajasthan, Karnataka,… Continue reading Ola Electric prepones Gen 3 platform launches to January 2025

Ola Electric prepones Gen 3 platform launches to January 2025

ACE reports strong Q2 with 14.5% revenue growth, margin expansion

Action Construction Equipment (ACE) has posted impressive second-quarter results for FY25, marking its best-ever July-September quarter performance. The construction equipment manufacturer reported a 14.5% year-over-year increase in revenue, accompanied by significant margin expansion. The company’s operational revenue climbed to Rs. 754.34 crores, showing a robust growth of 12.2% compared to the same period last year.… Continue reading ACE reports strong Q2 with 14.5% revenue growth, margin expansion

Slow auto sales to hit growth, see pickup from next year, says Tata Autocomp

Tata Autocomp Systems, India’s leading auto component manufacturer, expects revenue growth to moderate to 10-12% in the current financial year due to a decline in auto sales, but expects demand to bounce back from the next year, according to Chairman Arvind Goel. Over the past five years, the company’s consolidated growth rate has ranged between… Continue reading Slow auto sales to hit growth, see pickup from next year, says Tata Autocomp

China premium car market under stress, JLR to keep close watch

Tata Motors Ltd, which owns Jaguar Land Rover, on Wednesday said China’s luxury car market is experiencing stress amid challenges related to the availability of finance to dealers. “On the Jaguar Land Rover Side, from a demand perspective, the market that we will watch like a hawk, is China where there is stress. Some of… Continue reading China premium car market under stress, JLR to keep close watch

MapmyIndia reports steady growth in Q2 FY25, announces Southeast Asia expansion through Hyundai Autoever JV

MapmyIndia (C.E. Info Systems Ltd.), India’s prominent digital maps and deep-tech products company, has announced a new joint venture with Hyundai Autoever, a fully owned subsidiary of Hyundai Motor Company. Named PT Terra Link Technologies, this joint venture is based in Indonesia and is expected to help expand MapmyIndia’s presence in Southeast Asia, focusing on… Continue reading MapmyIndia reports steady growth in Q2 FY25, announces Southeast Asia expansion through Hyundai Autoever JV

Maruti Suzuki and HSBC India partner for dealer inventory funding

Maruti Suzuki India Ltd (MSIL), a leader in India’s automotive industry, signed a Memorandum of Understanding (MoU) with the Hongkong and Shanghai Banking Corporation India (HSBC India) to enhance inventory funding options for its dealerships. This new partnership aims to support over 4,000 Maruti Suzuki sales outlets across the country by offering comprehensive inventory financing… Continue reading Maruti Suzuki and HSBC India partner for dealer inventory funding

Tata Motors expects strong H2 for JLR, confident of meeting sales, EBIT target

After a weak performance in the first half of the current financial year, Tata Motors Ltd expects a strong second half for Jaguar Land Rover and has reaffirmed the full financial year revenue and EBIT margin targets of the British luxury car maker. Jaguar Land Rover saw its revenue remain flat at £13.7 billion in… Continue reading Tata Motors expects strong H2 for JLR, confident of meeting sales, EBIT target