Author: Autocar_Professional India Online News

Bharat Forge  completes acquisition of JS Autocast

Bharat Forge along with its subsidiary, BF Industrial Solutions have  completed the previously announced acquisition of JS Autocast Foundry India at an  enterprise value of  Rs 489.63 crores. Bharat Forge in a statement noted that this acquisition will significantly enhance its  capabilities and addressable market segments both domestically and in export markets, especially in niche industrial… Continue reading Bharat Forge  completes acquisition of JS Autocast

Volvo Cars to set up EV plant in Slovakia

Volvo Cars has announced plans to set up a third manufacturing plant in Europe, positioning the company well to meet the continued demand from its customers for electric cars and to capture future growth potential. The new state-of-the-art plant will be climate neutral and build only electric cars, underpinning the company’s ambition to become fully… Continue reading Volvo Cars to set up EV plant in Slovakia

Centre levies cess on crude, export duties on petrol, diesel

In what  could come as a respite for motorists who have to pay for high fuel rates, as Centre has come down heavily on domestic crude producers   who are believed to be making   windfall gains by selling  it to domestic refiners at international parity prices in addition to exporting it.  A cess of Rs 23250 per… Continue reading Centre levies cess on crude, export duties on petrol, diesel

TVS’ domestic sales up 33 percent in June 2022

The iQube recorded its highest ever monthly tally TVS Motor Company’s domestic two-wheeler recorded a growth of 33 percent with 193,090 units sold in June 2022 as compared to 145,413 units in June 2021. The company’s total two-wheeler sales including exports registered a growth of 23 percent with sales of 293,715 units in June 2022. Its May… Continue reading TVS’ domestic sales up 33 percent in June 2022

M&M’s UV sales up 60 percent in June 2022

Mahindra & Mahindra said its overall auto sales for June 2022 stood at 54096 vehicles. In the Utility Vehicles segment, M&M sold 26620 vehicles in the month, 60 percent above year-earlier month sales. The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 26880 vehicles in June 2022. On a sequential basis, Mahindra’s May tally of 26, 650 units means sales… Continue reading M&M’s UV sales up 60 percent in June 2022

Tata Motors clocks steady gains in June

Tata Motors has posted a steady increase in sales in June. It sold 41,690 ICE vehicles compared to 23,452 ICEs sold in June 2021, clocking a 78 percent increase. Even on a month-on-month, comparison, the sales are up 5 percent from the 39,887 ICE vehicles sold in May. The carmaker also posted a steady uptick in the… Continue reading Tata Motors clocks steady gains in June

Skoda’s June tally hits a new high

Skoda Auto India recorded sales of 6023 units  June 2022 breaking a decade-old record with 5,608 units in March 2022. Year-on-Year, June 2022 is a rise of 721 percent compared to the 734 cars sold in June 2021. The company’s June tally was 30 percent over May 2022 sales of 4604 units. Above all, the company’s… Continue reading Skoda’s June tally hits a new high