Author: Autocar_Professional India Online News

Motherson Sumi Systems reports loss of Rs 810 crore for Q1 FY2021

Tier 1 supplier Motherson Sumi Systems (MSSL) has announced its financial results for Q1 FY2021, with revenue of Rs 8,431 crore (-49%), and net loss of Rs 810 crore, compared to a profit of Rs 332 crore for the same period last year.   The company says just like the overall industry, its Q1 FY2021… Continue reading Motherson Sumi Systems reports loss of Rs 810 crore for Q1 FY2021

EV charging start-up Enercent onboards BigBasket as a customer

Bangalore-based EV platform start-up Enercent has entered into a collaboration with BigBasket for its 12 warehouses. As per the understanding Big Basket delivery agents using electric vehicles will utilise Enercent app to determine, chart, preserve, charge and evaluate their two- and three-wheeler’s. Enercent will also extend a unified dashboard for warehouse-level, regional and HQ operations… Continue reading EV charging start-up Enercent onboards BigBasket as a customer

Ampere Electric, Autovert Technologies introduce battery subscription plan starting at Rs 1,990

Ampere Vehicles, a wholly-owned electric mobility subsidiary of Greaves Cotton has partnered Autovert Technologies, a Fintech company that specialises in EV subscriptions products, to launch battery subscription plan through an IoT-backed platform. The partners will introduce the subscription plan in Bangalore with selected dealers, which will be later expanded across the country. According to the… Continue reading Ampere Electric, Autovert Technologies introduce battery subscription plan starting at Rs 1,990

Apollo Tyres to manufacture high-performance Vredestein car radials in India

India’s Apollo Tyres, which has widespread operations spanning five manufacturing facilities in India and two overseas in Hungary and Netherlands, has revealed that it is set to commence local manufacturing of the ‘Vredestein’ brand of tyres in the country. In 2009, Apollo had acquired Netherlands-based Vredestein, which is one of the oldest tyre manufacturing companies… Continue reading Apollo Tyres to manufacture high-performance Vredestein car radials in India

Mahindra & Mahindra sees robust demand for the tractor industry this year

The coronavirus pandemic has ensured that year 2020 will be remembered by all. For Hemant Sikka, who took on the role of president – farm equipment sector, Mahindra & Mahindra (M&M) on April 1, there are a couple of more reasons. The seasoned professional took on the new role, with a problem that he isn’t… Continue reading Mahindra & Mahindra sees robust demand for the tractor industry this year

Toyota Kirloskar Motor sells 5,386 units in July, plots entry into compact SUV market this year

Toyota Kirloskar Motor has sold a total of 5386 units in July 2020, registering 40% month-on-month growth in wholesales (June 2020: 3,866) but down 48% year  on year (July 2019: 10,423). The big news though is that the Japanese carmaker has confirmed plans to enter India’s compact SUV market, a segment which is seeing robust… Continue reading Toyota Kirloskar Motor sells 5,386 units in July, plots entry into compact SUV market this year

Hyundai drives closer to recovery with sales of 38,200 units in July

Hyundai Motor India, the country’s second-largest carmaker by sales volumes, has announced sales of 38,200 units in July, which a marks 2% year-on-year decline (July 2019: 39,010 units), albeit on a low base. Compare July’s performance to June 2020 (21,320 units) and last month’s numbers indicate 79% month-on-month growth. According to Tarun Garg, director, Sales,… Continue reading Hyundai drives closer to recovery with sales of 38,200 units in July

Maruti Suzuki sells 97,768 units in July, gets back into growth mode

Finally, there’s some good news for India Auto Inc and the passenger vehicle industry. Market leader Maruti Suzuki India has reported domestic market sales of 97,768 units in July 2020, up 1.3% year on year (July 2019: 96,478). While this is marginal growth but the fact is it marks the return of the carmaker, which is… Continue reading Maruti Suzuki sells 97,768 units in July, gets back into growth mode